The StockBrokers.com 2017 Brokerage Review
assessed 16 different brokers over six months. This review compares SogoTrade vs TradeStation Securities. Is SogoTrade or TradeStation Securities a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. SogoTrade and TradeStation Securities have equal fees for trading stocks (equities), $5 per trade. For options trading, both SogoTrade and TradeStation Securities charge the same base fee of $5. Option contracts at both of the brokerages are the same at $0.50 each. 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. TradeStation Securities offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while SogoTrade offers Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, TradeStation Securities trails SogoTrade by 7,368.00 total mutual funds, with SogoTrade offering 12222 and TradeStation Securities offering 4854. Commission free ETFs can also be a nice plus, which is a wash in this comparison as both SogoTrade and TradeStation Securities offer 0 commission free ETFs.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. SogoTrade alongside TradeStation Securities offer virtual trading. For mobile trading, SogoTrade and TradeStation Securities both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Neither SogoTrade nor TradeStation Securities offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities posted awards Best in Class - Platforms & Tools in 2017, while SogoTrade found itself with none of these.
Overall, TradeStation Securities takes the upper hand with 3.50 stars over SogoTrade's 3.00 stars.