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SogoTrade vs Scottrade Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Wednesday, September 13th, 2017

The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers. This review compares Scottrade vs SogoTrade. Is Scottrade or SogoTrade a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. Scottrade, with its regular stock trades costing $6.95, is more expensive than SogoTrade's rate of $5.00 per trade. With options, the base fees charged are $6.95 (Scottrade) and $5.00 (SogoTrade). Each option contract then costs $0.70 at Scottrade and $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. Scottrade and SogoTrade provide clients with Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Scottrade boasts an offering of 13599 mutual funds compared to SogoTrade's 12222 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. Scottrade and SogoTrade both offer virtual trading. For mobile trading, Both Scottrade and SogoTrade offer clients access to an iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts and Debit Cards at Scottrade while customers at SogoTrade can have none of these. On the whole, when it comes to tools, research, and mobile trading, unfortunately, neither Scottrade nor SogoTrade received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.

Overall, Scottrade comes out on top with 4.00 stars over SogoTrade's 3.00 stars.
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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Minimum Deposit
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
IRA Annual Fee
IRA Closure Fee
Stock Trading
OTCBB / Pink Sheets
Options Trading
Complex Options Max Legs
Futures Trading
Forex Trading
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
Bonds (US Treasury)
Bonds (Corporate)
Bonds (Municipal)
# of Easy to Borrow Stocks
Advisor Services
International Trading
Order Type - Market
Order Type - Limit
Order Type - Stop
Order Type - Trailing Stop
Order Type - Contingent
Order Type - MultiContingent
Order Type - OCO
Order Type - OTO
Order Type - OTOCO
Order Type - Algo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Platform
Virtual Trading
Watch Lists - Total Fields
Two-Factor Authentication Login
Charting - Trade Off Chart
Charting - Drawing Tools
Charting - Indicators / Studies
Charting - Historical Trades
Charting - Save Profiles
Charting - Study Customizations
Charting - Custom Studies
Option Chains - Total Columns
Option Chains - Greeks Viewable
Option Analysis - P&L Charts
Option Positions - Rolling
Heat Mapping
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Streaming Time & Sales
Streaming TV
Direct Market Routing - Stocks
Direct Market Routing - Options
Ladder Trading
Trade Hot Keys
Level 2 Quotes - Stocks
Level 2 Quotes - Options
Trade Ideas - Backtesting
Client Liquidity Rebates
Screener - Stocks
Screener - ETFs
Screener - Mutual Funds
Screener - Options
Screener - Bonds
Misc - Portfolio Allocation
Misc - Portfolio Builder
Equity Research - Earnings
Equity Research - SEC Filings
Equity Research - Insiders
Equity Research - Social
Equity Research - Reports
ETF Research - Top 10 Holdings
ETF Research - Reports
ETF Research - Ratings
Mutual Fund Research - Reports
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - Stocks
Trading - After-Hours
Trading - Conditional Orders
Trading - Mutual Funds
Trading - Simple Options
Trading - Complex Options
Trading - Option Rolling
Touch ID
Watch List Syncing
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Charting - After Hours
Charting - Study Customizations
Customizable Homescreen
Heatmapping
Stream Live TV
Barcode Lookup
Retail Locations
Member FDIC
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Has Education - Stocks
Has Education - ETFs
Has Education - Options
Has Education - Mutual Funds
Has Education - Fixed Income
Has Education - Retirement
Videos
Client Webinars
Client Webinars (Archived)
Live Seminars
Progress Tracking
Interactive Learning - Quizzes
Client Magazine
SogoTrade
Special Offer 100 free trades for 30 days, then $3 trades for 12 months Learn More
SogoTrade Review
 
3
4.5
2.5
3
2
4
2
3
2
1
0.5
 
$500.00
$5.00
$5.00
$0.50
$25.00
$25.00
$35.00
$60.00
 
Yes
Yes
Yes
5
No
No
0
4642
12222
No
No
No
4170
No
Yes
 
Yes
Yes
Yes
Yes
No
No
No
No
No
No
 
Yes
No
Yes
Yes
49
No
No
12
52
No
No
4
No
22
5
Yes
Yes
Yes
 
No
No
Yes
No
No
No
No
No
No
No
No
No
 
Yes
Yes
No
No
No
No
Yes
No
Yes
No
No
0
Yes
No
No
No
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
No
No
Yes
No
No
No
No
No
No
No
No
No
No
No
No
 
0
No
No
No
No
No
No
No
 
9.00%
8.00%
7.00%
5.75%
5.25%
4.25%
4.75%
 
Yes
No
Yes
No
No
No
No
No
No
No
No
No
No
Scottrade
Scottrade Review
 
4
3.5
3
4
4.5
4.5
3.5
4.5
4
3.5
4
 
$2,500.00
$6.95
$6.95
$0.70
$17.00
$32.00
$0.00
$0.00
 
Yes
Yes
Yes
1
No
No
0
7213
13599
Yes
Yes
Yes
3500
Yes
No
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
 
Yes
No
Yes
Yes
236
No
Yes
12
67
No
Yes
7
No
28
5
Yes
No
Yes
 
Yes
No
Yes
No
No
No
Yes
Yes
Yes
No
Yes
No
 
Yes
Yes
Yes
No
Yes
Yes
No
Yes
Yes
Yes
No
3
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
No
No
 
Yes
Yes
No
No
Yes
No
No
Yes
Yes
Yes
Yes
No
Yes
Yes
No
No
No
 
503
Yes
Yes
Yes
No
Yes
No
No
 
8.00%
7.25%
7.00%
6.50%
6.25%
5.25%
5.75%
 
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
No

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. 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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