Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we assessed 16 brokers on 308 different variables. Yielding a database of over 5,000 data points, let's compare Capital One Investing 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. Capital One Investing charges $6.95 per stock trade which is $1.95 more than SogoTrade which charges customers $5.00 per trade. With options, the base fees charged are $6.95 (Capital One Investing) and $5.00 (SogoTrade). Each option contract then costs $0.75 at Capital One Investing and $0.50 at SogoTrade. 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. Capital One Investing and SogoTrade provide clients with Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, SogoTrade offers its clients access to 12222 different mutual funds while Capital One Investing has 1202 available funds, a difference of 11,020.00. Commission free ETFs can also be valuable for customers, which is a wash in this comparison as both Capital One Investing and SogoTrade offer 0 commission free ETFs.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SogoTrade has virtual trading, Capital One Investing doesn't. Taking a look at mobile trading, Capital One Investing and SogoTrade both have a 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. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Capital One Investing while SogoTrade offers none of these. On the whole, when it comes to tools, research, and mobile trading, both Capital One Investing 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, both Capital One Investing and SogoTrade are rated 3.00 stars.