The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares SogoTrade vs TradeStation. Is SogoTrade or TradeStation a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. SogoTrade charges more than TradeStation for placing regular stock trades ($4.88 and $0, respectively). For options trading, SogoTrade has a base fee of $4.88, and TradeStation a base fee of $0. 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 provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while SogoTrade provides clients access to Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, SogoTrade offers its clients access to 6602 different mutual funds while TradeStation has 4357 available funds, a difference of 2,245.
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 offer virtual trading. For mobile trading, SogoTrade along with TradeStation both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple 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.