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TD Ameritrade vs SogoTrade 2020

Is TD Ameritrade better than SogoTrade? After scoring brokers in eight separate categories for our 2020 review, TD Ameritrade (97.44%) is better than SogoTrade (66.13%).

TD Ameritrade

Best Overall 2020 - Open Account
Exclusive Offer: Get up to $600 and trade commission-free with TD Ameritrade.

TD Ameritrade delivers the ultimate package for investors, including $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-round experience makes TD Ameritrade our top overall broker in 2020. Read full review

SogoTrade

SogoTrade - Open Account
Special Offer: Trades as low as $2.88 + 100 free trades. Switch to SogoTrade!

SogoTrade is an online discount brokerage that charges $4.88 base commissions and supports Chinese-speaking customers. Unfortunately, in a world where $0 trades are the baseline, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out. Read full review

Overall Rating

Trading Fees

Feature TD Ameritrade SogoTrade
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $0.00 $4.88
ETF Trade Fee $0.00 $4.88
Options Base Fee $0.00 $4.88
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $49.99 $25.00
Broker Assisted Trades Fee $44.99 $25.00
Commissions & Fees 4.5 4
Winner check_circle

Margin Rates

Feature TD Ameritrade SogoTrade
Under $24,999.99 10.00% 10.25%
$25,000.00 to $49,999.99 9.75% 9.25%
$50,000.00 to $99,999.99 8.75% 8.25%
$100,000.00 to $249,999.99 8.50% 7.00%
$250,000.00 to $499,999.99 8.25% 6.50%
$500,000.00 to $999,999.99 N/A 6.00%
Above $1,000,000.00 N/A 5.50%
Commissions & Fees 4.5 4
Winner check_circle

Account Fees

Feature TD Ameritrade SogoTrade
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $0.00 $60.00
Returned ACH Fee $25.00 $30.00
Returned Wire Fee $25.00 $30.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $500.00 N/A
Paper Statement Fee $0.00 $10.00
Paper Confirmation Fee $0.00 $5.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $25.00 $50.00
Commissions & Fees 4.5 4

Investment Options

Feature TD Ameritrade SogoTrade
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes No
Commission-Free ETFs all 0
Mutual Funds (No Load)
5992 3432
Mutual Funds (Total)
11949 6602
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 3
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Order Types

Feature TD Ameritrade SogoTrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 3
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Trading Platforms

Feature TD Ameritrade SogoTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Watch Lists - Total Fields
514 49
Heat Mapping
Yes Yes
AI Assistant Bot
Yes No
Platforms & Tools 5 3
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Charting Features

Feature TD Ameritrade SogoTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
489 52
Charting - Drawing Tools
22 12
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
9 4
Charting - Custom Studies
Yes No
Platforms & Tools 5 3
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Day Trading

Feature TD Ameritrade SogoTrade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
No No
Order Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature TD Ameritrade SogoTrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
Yes No
Touch / Face ID
Yes Yes
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Mobile App Features

Feature TD Ameritrade SogoTrade
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes No
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3.5
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Research Overview

Feature TD Ameritrade SogoTrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes No
Research 5 2.5
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Stock Research

Feature TD Ameritrade SogoTrade
Stock Research - Reports
7 1
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 2.5
Winner check_circle

ETF Research

Feature TD Ameritrade SogoTrade
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 2.5
Winner check_circle

Mutual Fund Research

Feature TD Ameritrade SogoTrade
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 2.5
Winner check_circle

Options Trading

Feature TD Ameritrade SogoTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
33 22
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes No
Platforms & Tools 5 3
Winner check_circle

Beginners

Feature TD Ameritrade SogoTrade
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
500 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 2
Winner check_circle

Banking

Feature TD Ameritrade SogoTrade
Retail Locations
284 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 3 0.5

Overall

Feature TD Ameritrade SogoTrade
TD Ameritrade Review SogoTrade Review
Overall 5 3.5
Winner check_circle

Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare SogoTrade vs TD Ameritrade 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. SogoTrade charges $4.88 per stock trade which is $4.88 more than TD Ameritrade which charges customers $0 per trade. With options, the base fees charged are $4.88 (SogoTrade) and $0 (TD Ameritrade). Option contracts are pricier at TD Ameritrade, costing $0.65 versus $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. TD Ameritrade offers clients Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while SogoTrade offers Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SogoTrade trails TD Ameritrade by 5,347 total mutual funds, with TD Ameritrade offering 11949 and SogoTrade offering 6602.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both SogoTrade and TD Ameritrade offer virtual trading. For mobile trading, SogoTrade along with TD Ameritrade both support the 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, Debit Cards and Credit Cards are offered by TD Ameritrade while SogoTrade offers none of these.

Overall, between SogoTrade and TD Ameritrade, TD Ameritrade is the winner.

SogoTrade Review
TD Ameritrade Review



All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. 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. View terms.

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