menu

TD Ameritrade vs SogoTrade Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, June 1st, 2017

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 SogoTrade vs TD Ameritrade, 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. TD Ameritrade charges $6.95 per stock trade which is $1.95 more than SogoTrade which charges clients $5.00 per trade. For options trading, TD Ameritrade has a base fee of $6.95, and SogoTrade a base fee of $5.00. At a difference of $0.25 per contract, SogoTrade's per contract rate of $0.50 is less than TD Ameritrade which charges $0.75. 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. TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while SogoTrade gives clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, SogoTrade trails TD Ameritrade by 629.00 total funds, with TD Ameritrade offering 12851 and SogoTrade offering 12222. Commission free ETFs also should not be forgotten, with SogoTrade falling behind TD Ameritrade, offering 0 commission free etfs compared to TD Ameritrade's 101.

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 alongside TD Ameritrade have virtual trading. Taking a look at mobile trading, SogoTrade and TD Ameritrade 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, Debit Cards and Credit Cards are offered by TD Ameritrade while SogoTrade offers none of these. On the whole, when it comes to tools, research, and trading on the go, TD Ameritrade finished with awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2014, while SogoTrade came up with none of these.

Overall, TD Ameritrade boasts 4.50 stars versus SogoTrade's 3.00 stars.
There are no results to display, please adjust your filters or reset the Compare Tool.
Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Two-Factor Authentication Login
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
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
TD Ameritrade
Exclusive Offer Trade free for 90 days + get up to $600 Learn More
TD Ameritrade Review
 
4.5
2.5
4.5
5
4.5
5
4.5
4.5
5
2
3.5
 
$6.95
$6.95
$0.75
$49.99
$44.99
$0.00
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
22
370
33
401
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
 
101
7573
12851
3000
105
No
 
9.00%
8.75%
7.75%
7.50%
7.25%
6.50%
7.25%
 
Yes
No
Yes
Yes
No
Yes
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
 
$5.00
$5.00
$0.50
$25.00
$25.00
$500.00
No
No
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
12
52
22
49
 
Yes
Yes
Yes
Yes
Yes
 
Yes
No
No
Yes
No
 
0
4642
12222
4170
0
No
 
9.00%
8.00%
7.00%
5.75%
5.25%
4.25%
4.75%
 
No
No
No
No
No
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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading privileges subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options. Offer valid for one new Individual, Joint or IRA TD Ameritrade account opened by 09/30/2017 and funded within 60 calendar days of account opening with $3,000 or more. To receive $100 bonus, account must be funded with $25,000-$99,999. To receive $300 bonus, account must be funded with $100,000-$249,999. To receive $600 bonus, account must be funded with $250,000 or more. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Offer is not transferable and not valid with internal transfers, accounts managed by TD Ameritrade Investment Management, LLC, TD Ameritrade Institutional accounts, and current TD Ameritrade accounts or with other offers. Qualified commission-free Internet equity, ETF or options orders will be limited to a maximum of 250 and must execute within 90 calendar days of account funding. Contract, exercise, and assignment fees still apply. Limit one offer per client. Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or margin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Please allow 3-5 business days for any cash deposits to post to account. Taxes related to TD Ameritrade offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099. Please consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules. (Offer Code 264) TD Ameritrade Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2016 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.

arrow_drop_upBack to top