Using data from the StockBrokers.com 2017 Broker Rankings
, we can compare SogoTrade vs TradeStation Securities to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at SogoTrade and TradeStation Securities.
First we will break down the commission charges of both brokers for placing stock and options trades. SogoTrade and TradeStation Securities both cost $5 per trade. For options trading, both SogoTrade and TradeStation Securities charge the same base fee of $5. Contracts cost $0.50 each at both brokerages. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review
page, then scroll down to the "Commission Notes" section).
Trading fees aside, having access to trade what you want is also an important consideration. 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 12222 different mutual funds while TradeStation Securities has 4854 available funds, a difference of 7,368.00. And, commission free ETFs deserve a mention, which in this case means trading a possible 0 funds at both brokers.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. SogoTrade and TradeStation Securities both have virtual trading. For mobile trading, Both SogoTrade and TradeStation Securities offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple 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 things considered, when it comes to platform tools, research, and trading via smartphone, TradeStation Securities finished with awards for Best in Class - Platforms & Tools in 2014, while SogoTrade came up with none of these.
Overall, TradeStation Securities boasts 3.50 stars versus SogoTrade's 3.00 stars.