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 TradeStation Securities 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. TradeStation Securities charges more than SogoTrade for placing regular stock trades ($5.00 and $4.88, respectively). With options, the base fees charged are $5.00 (TradeStation Securities) and $4.88 (SogoTrade). Option contracts cost $0.50 each at both brokerages. 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. TradeStation Securities offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while SogoTrade offers Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SogoTrade boasts an offering of 13360 mutual funds compared to TradeStation Securities's 4951 available funds. And, commission free ETFs deserve a comparison, which in this case means trading a possible 0 commission free ETFs at both brokers.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. SogoTrade alongside TradeStation Securities offer virtual trading. For mobile trading, SogoTrade along with TradeStation Securities 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. Banking is not popular with SogoTrade and TradeStation Securities as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. All factors considered, when it comes to platform tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools, while SogoTrade came up with none of these.
Overall, TradeStation Securities takes the upper hand with 4.00 stars over SogoTrade's 3.50 stars.