Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare OptionsHouse vs SogoTrade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. OptionsHouse charges $4.95 per stock trade which is $0.07 more than SogoTrade which charges customers $4.88 per trade. Looking at trading options, SogoTrade's base fee is $4.88 while OptionsHouse's is $4.95. Option contracts cost $0.50 each at both brokerages. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. SogoTrade provides its clients with Stock Trading, Options Trading and Mutual Funds while OptionsHouse provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, OptionsHouse trails SogoTrade by 1,085 total mutual funds, with SogoTrade offering 13360 and OptionsHouse offering 12275. And, commission free ETFs deserve a comparison, with SogoTrade falling behind OptionsHouse, offering 0 commission free ETFs compared to OptionsHouse's 5.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both OptionsHouse and SogoTrade offer virtual trading. For mobile trading, OptionsHouse along with SogoTrade both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Neither OptionsHouse nor SogoTrade offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All factors considered, when it comes to platform tools, research, and mobile trading, OptionsHouse was rated Best in Class - Mobile Trading, while SogoTrade was rated none of these.
Overall, OptionsHouse takes the upper hand with 4.00 stars over SogoTrade's 3.00 stars.