Using data from the StockBrokers.com 2017 Broker Review which tested 16 different online brokers
over six months, we can compare Capital One Investing vs SogoTrade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Capital One Investing charges more than SogoTrade for placing regular stock trades ($6.95 and $5.00, respectively). 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. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Capital One Investing and SogoTrade provide clients with Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SogoTrade offers its clients access to 12222 different mutual funds while Capital One Investing has 1202 available funds, a difference of 11,020. And, commission free ETFs deserve a comparison, which is a wash in this comparison as both Capital One Investing and SogoTrade offer 0 commission free ETFs.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. SogoTrade makes virtual trading available to clients, while Capital One Investing does not. For mobile trading, Both Capital One Investing and SogoTrade offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Capital One Investing while SogoTrade offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, unfortunately, neither Capital One Investing nor SogoTrade received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, both Capital One Investing and SogoTrade are rated 3.00 stars.