Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Capital One Investing vs SogoTrade, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Capital One Investing charges more than SogoTrade for placing regular stock trades ($6.95 and $5.00, respectively). For options trading, Capital One Investing has a base fee of $6.95, and SogoTrade a base fee of $5.00. Each contract then costs $0.75 at Capital One Investing and $0.50 at SogoTrade for a difference in price of $0.25 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Capital One Investing alongside SogoTrade offer clients 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 also should not be forgotten, which in this case means trading a possible 0 funds at both brokers.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. SogoTrade offers virtual trading while Capital One Investing does not. Taking a look at mobile trading, Capital One Investing 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. 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 trading on the go, Unfortunately, neither Capital One Investing nor SogoTrade received awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, both Capital One Investing and SogoTrade hold a 3.00 star rating.