The StockBrokers.com 2017 Brokerage Review
compares OptionsHouse vs SogoTrade. Compare OptionsHouse and SogoTrade trade commissions, fees and overall broker ratings by using the table below. Is OptionsHouse or SogoTrade a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. SogoTrade charges $5.00 per stock trade which is $0.05 more than OptionsHouse which charges clients $4.95 per trade. For options trading, SogoTrade has a base fee of $5.00, and OptionsHouse a base fee of $4.95. Contracts at both of the brokerages are the same at $0.50 each. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. SogoTrade supports Stock Trading, Options Trading and Mutual Funds while OptionsHouse supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, SogoTrade trails OptionsHouse by 53.00 total funds, with OptionsHouse offering 12275 and SogoTrade offering 12222. Commission free ETFs can also be a nice plus, with OptionsHouse having the upper hand thanks to its 5 available ETFs compared to SogoTrade's offering of 0.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Both OptionsHouse and SogoTrade have virtual trading. For mobile trading, OptionsHouse along with SogoTrade both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple 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 trading on the go, OptionsHouse was rated for Best in Class - Mobile Trading in 2014, while SogoTrade was rated for none of these.
Overall, OptionsHouse comes out on top with 4.00 stars over SogoTrade's 3.00 stars.