The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares Robinhood vs SogoTrade. Is Robinhood or SogoTrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. SogoTrade charges more than Robinhood for placing regular stock trades ($5 and $0, respectively). With options, the base fees charged are $5 (SogoTrade) and $N/A (Robinhood). Option contracts are pricier at Robinhood, costing $N/A versus $0.50 at SogoTrade. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. SogoTrade offers clients Stock Trading, Options Trading and Mutual Funds while Robinhood offers Stock Trading. When it comes to mutual funds, SogoTrade boasts an offering of 12222 mutual funds compared to Robinhood's 0 available funds. Commission free ETFs can also be a nice plus, which for investors means access to 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. SogoTrade has virtual trading, Robinhood doesn't. For mobile trading, Robinhood and SogoTrade both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Robinhood and SogoTrade as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. On the whole, when it comes to tools, research, and mobile trading, both Robinhood and SogoTrade found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2017.
Overall, SogoTrade boasts 3.00 stars versus Robinhood's 2.50 stars.