Comparing brokers side by side is no easy task. For our 2017 Broker Review, we assessed 16 brokers on 308 different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare OptionsHouse vs SogoTrade.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. SogoTrade, with its regular stock trades costing $5.00, is more expensive than OptionsHouse's rate of $4.95 per trade. Looking at trading options, OptionsHouse's base fee is $4.95 while SogoTrade's is $5.00. Option contracts at both of the brokerages are the same at $0.50 each. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. SogoTrade offers clients Stock Trading, Options Trading and Mutual Funds while OptionsHouse offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, SogoTrade trails OptionsHouse by 53 total mutual funds, with OptionsHouse offering 12275 and SogoTrade offering 12222. Commission free ETFs can also be valuable for customers, OptionsHouse offers 5 commission free ETFs versus SogoTrade's total of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. OptionsHouse alongside SogoTrade offer virtual trading. Taking a look at mobile trading, OptionsHouse and SogoTrade both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at OptionsHouse or SogoTrade . On the whole, when it comes to tools, research, and mobile trading, OptionsHouse posted awards Best in Class - Mobile Trading in 2017, while SogoTrade found itself with none of these.
Overall, OptionsHouse comes out on top with 4.00 stars over SogoTrade's 3.00 stars.