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SogoTrade vs Robinhood 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Robinhood better than SogoTrade? After scoring brokers on over 4,000 data points for our 2019 review, SogoTrade (57.71%) is better than Robinhood (46.99%). Founded in 1986, SogoTrade is an online discount brokerage that charges $4.88 base commissions and supports Chinese-speaking customers. Unfortunately, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out against the best brokers.

Special Offer Trades as low as $2.88 + 100 free trades. Switch to SogoTrade! Open Account
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Overall Rating

Feature SogoTrade Robinhood
Overall 3 2.5
SogoTrade Review Robinhood Review

Trading Fees

Feature SogoTrade Robinhood
Minimum Deposit $500.00 $0.00
Stock Trade Fee (per trade) $4.88 $0.00
ETF Trade Fee $4.88 $0.00
Options Base Fee $4.88 $0.00
Options Per Contract Fee $0.50 $0.00
Mutual Fund Trade Fee $25.00 N/A
Broker Assisted Trades Fee $25.00 $0.00
Commissions & Fees 3.5 4.5
Winner check_circle

Margin Rates

Feature SogoTrade
Open Account
Robinhood
Under $24,999.99 10.75% 5.00%
$25,000.00 to $49,999.99 9.75% 5.00%
$50,000.00 to $99,999.99 8.75% 5.00%
$100,000.00 to $249,999.99 7.50% 5.00%
$250,000.00 to $499,999.99 7.00% 5.00%
$500,000.00 to $999,999.99 6.50% 5.00%
Above $1,000,000.00 6.00% 5.00%
Commissions & Fees 3.5 4.5
Winner check_circle

Account Fees

Feature SogoTrade Robinhood
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $60.00 $0.00
Returned ACH Fee $30.00 $9.00
Returned Wire Fee $30.00 $9.00
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $10.00 $5.00
Paper Confirmation Fee $5.00 $2.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $50.00 $50.00
Commissions & Fees 3.5 4.5

Investment Options

Feature SogoTrade Robinhood
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs 0 all
Mutual Funds (No Load)
9964 0
Mutual Funds (Total)
11784 0
Bonds (US Treasury)
No No
Bonds (Corporate)
No No
Bonds (Municipal)
No No
Advisor Services
No No
International Trading
No No
Offering of Investments 2.5 2
Winner check_circle

Order Types

Feature SogoTrade Robinhood
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - Contingent
No No
Order Type - MultiContingent
No No
Order Type - OCO
No No
Order Type - OTO
No No
Order Type - OTOCO
No No
Offering of Investments 2.5 2
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Trading Platforms

Feature SogoTrade Robinhood
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
49 7
Two-Factor Authentication Login
No Yes
Heat Mapping
Yes No
Platforms & Tools 3 1
Winner check_circle

Charting Features

Feature SogoTrade Robinhood
Charting - Trade Off Chart
No No
Charting - Indicators / Studies
52 0
Charting - Drawing Tools
12 0
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
No No
Charting - Study Customizations
4 0
Charting - Custom Studies
No No
Platforms & Tools 3 1
Winner check_circle

Day Trading

Feature SogoTrade Robinhood
Stock Alerts - Basic Fields
No No
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes No
Streaming TV
No No
Direct Market Routing - Stocks
No No
Direct Market Routing - Options
No No
Ladder Trading
No No
Trade Hot Keys
No No
Level 2 Quotes - Stocks
No No
Level 2 Quotes - Options
No No
Trade Ideas - Backtesting
No No
Short Locator
No No
Client Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature SogoTrade Robinhood
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature SogoTrade Robinhood
Watch List Syncing
No Yes
Stock Alerts - Basic Fields
No Yes
Charting - After Hours
No Yes
Charting - Drawing
No No
Charting - Study Customizations
No No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 3.5
Winner check_circle

Research Overview

Feature SogoTrade Robinhood
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No No
Research - Fixed Income
No No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
No Yes
Research 2 1
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Stock Research

Feature SogoTrade Robinhood
Stock Research - Reports
1 0
Stock Research - Earnings
No Yes
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes No
Stock Research - Social
No No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 2 1
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ETF Research

Feature SogoTrade Robinhood
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 2 1
Winner check_circle

Mutual Fund Research

Feature SogoTrade Robinhood
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No
Research 2 1
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Options Trading

Feature SogoTrade Robinhood
Option Chains - Streaming
Yes No
Option Chains - Total Columns
22 5
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
No No
Platforms & Tools 3 1
Winner check_circle

Beginners

Feature SogoTrade Robinhood
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No No
Paper Trading
Yes No
Videos
No No
Webinars (Monthly Avg)
0 0
Webinars (Archived)
No No
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 2 2
Winner check_circle

Banking

Feature SogoTrade Robinhood
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 0.5
Winner check_circle

Overall

Feature SogoTrade Robinhood
SogoTrade Review Robinhood Review
Overall 3 2.5
Winner check_circle
Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Robinhood 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 charges $4.88 per stock trade which is $4.88 more than Robinhood which charges customers $0 per trade. Looking at trading options, Robinhood's base fee is $0 while SogoTrade's is $4.88. Robinhood's per contract rate of $0 is less than SogoTrade which charges $0.50. 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. Robinhood supports Stock Trading and Options Trading while SogoTrade supports Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, SogoTrade offers its clients access to 11784 different mutual funds while Robinhood has 0 available funds, a difference of 11,784.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SogoTrade offers virtual trading while Robinhood does not. Taking a look at mobile trading, Robinhood along with SogoTrade both support the 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 Robinhood or SogoTrade .

Overall, between Robinhood and SogoTrade, SogoTrade is the winner.

Robinhood Review
SogoTrade Review


All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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