Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 4,000 data points, let's compare SogoTrade vs TradeStation.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. TradeStation 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) and $4.88 (SogoTrade). Option contracts cost $0.50 each at both brokerages. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. TradeStation offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while SogoTrade offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, SogoTrade offers its clients access to 11784 different mutual funds while TradeStation has 4357 available funds, a difference of 7,427.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both SogoTrade and TradeStation offer virtual trading. Taking a look at mobile trading, SogoTrade along with TradeStation 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. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at SogoTrade or TradeStation .
Overall, between SogoTrade and TradeStation, TradeStation is the winner