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TD Ameritrade vs SogoTrade 2019

Blain Reinkensmeyer

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is SogoTrade better than TD Ameritrade? Based on over 4,000 data points from our 2019 annual broker review, TD Ameritrade (86.98%) is better than SogoTrade (57.71%). The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019.

Exclusive Offer Trade free for 90 days + get up to $600 Open Account
Special Offer Trades as low as $2.88 + 100 free trades. Switch to SogoTrade! Open Account
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Overall Rating

Feature TD Ameritrade SogoTrade
Overall 4.5 3
TD Ameritrade Review SogoTrade Review

Trading Fees

Feature TD Ameritrade SogoTrade
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $6.95 $4.88
ETF Trade Fee $6.95 $4.88
Options Base Fee $6.95 $4.88
Options Per Contract Fee $0.75 $0.50
Mutual Fund Trade Fee $49.99 $25.00
Broker Assisted Trades Fee $44.99 $25.00
Commissions & Fees 3.5 3.5
Winner check_circle

Margin Rates

Feature TD Ameritrade SogoTrade
Under $24,999.99 10.25% 10.75%
$25,000.00 to $49,999.99 10.00% 9.75%
$50,000.00 to $99,999.99 9.00% 8.75%
$100,000.00 to $249,999.99 8.75% 7.50%
$250,000.00 to $499,999.99 8.50% 7.00%
$500,000.00 to $999,999.99 8.50% 6.50%
Above $1,000,000.00 7.75% 6.00%
Commissions & Fees 3.5 3.5
Winner check_circle

Account Fees

Feature TD Ameritrade SogoTrade
IRA Annual Fee 0 35
IRA Closure Fee 0 60
Returned ACH Fee 25 30
Returned Wire Fee 25 30
Stock Certificate Processing Fee 0 N/A
Stock Certificate Delivery Fee 500 N/A
Paper Statement Fee 0 10
Paper Confirmation Fee 0 5
Domestic Wire Fee 25 25
International Wire Fee 25 50
Commissions & Fees 3.5 3.5

Investment Options

Feature TD Ameritrade SogoTrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 5
Futures Trading
Yes No
Forex Trading
Yes No
Commission-Free ETFs 571 0
Mutual Funds (No Load)
5185 9964
Mutual Funds (Total)
12418 11784
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 2.5
Winner check_circle

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 2.5
Winner check_circle

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
Two-Factor Authentication Login
Yes No
Heat Mapping
Yes Yes
Platforms & Tools 5 3
Winner check_circle

Charting Features

Feature TD Ameritrade SogoTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
411 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
Winner check_circle

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
Client 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
Winner check_circle

Mobile App Features

Feature TD Ameritrade SogoTrade
Watch List Syncing
Yes No
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes No
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 4.5 3
Winner check_circle

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
Research - Futures
Yes No
Research - Forex
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
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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
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
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
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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 Yes
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
364 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
Winner check_circle

Overall

Feature TD Ameritrade SogoTrade
TD Ameritrade Review SogoTrade Review
Overall 4.5 3
Winner check_circle
The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares SogoTrade vs TD Ameritrade. Is SogoTrade or TD Ameritrade a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. TD Ameritrade, with its regular stock trades costing $6.95, is more expensive than SogoTrade's rate of $4.88 per trade. With options, the base fees charged are $6.95 (TD Ameritrade) and $4.88 (SogoTrade). SogoTrade's per contract rate of $0.50 is less than TD Ameritrade which charges $0.75. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. 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. When it comes to mutual funds, SogoTrade trails TD Ameritrade by 634 total mutual funds, with TD Ameritrade offering 12418 and SogoTrade offering 11784.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. 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. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Debit Cards and Credit Cards are available to clients of TD Ameritrade while SogoTrade offers customers 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 02/18/2019 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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