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). Looking at trading options, SogoTrade's base fee is $4.88 while TradeStation Securities's is $5.00. 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 supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while SogoTrade supports Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SogoTrade offers its clients access to 13360 different mutual funds while TradeStation Securities has 4951 available funds, a difference of 8,409. And, commission free ETFs deserve a comparison, which is a wash in this comparison as both SogoTrade and TradeStation Securities offer 0 commission free ETFs.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both SogoTrade and TradeStation Securities offer virtual trading. For mobile trading, SogoTrade and TradeStation Securities both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at SogoTrade or TradeStation Securities . All factors considered, when it comes to platform tools, research, and mobile trading, TradeStation Securities was rated Best in Class - Platforms & Tools, while SogoTrade was rated none of these.
Overall, TradeStation Securities takes the upper hand with 4.00 stars over SogoTrade's 3.50 stars.