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TradeStation vs SogoTrade 2020

Is SogoTrade better than TradeStation? Based on 3,540 data points from our 2020 annual broker review, TradeStation (82.4%) is better than SogoTrade (66.13%).

TradeStation

Best platform technology

As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades. Read full review

SogoTrade

SogoTrade

SogoTrade is an online discount brokerage that charges $4.88 base commissions and supports Chinese-speaking customers. Unfortunately, in a world where $0 trades are the baseline, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out. Read full review

Overall Rating

Trading Fees

Feature TradeStation SogoTrade
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $0.00 $4.88
ETF Trade Fee $0.00 $4.88
Options Base Fee $0.00 $4.88
Options Per Contract Fee $0.50 $0.50
Mutual Fund Trade Fee $14.95 $25.00
Broker Assisted Trades Fee $50.00 $25.00
Commissions & Fees 4.5 4
Winner check_circle

Margin Rates

Feature TradeStation SogoTrade
Under $24,999.99 9.50% 10.25%
$25,000.00 to $49,999.99 9.50% 9.25%
$50,000.00 to $99,999.99 8.75% 8.25%
$100,000.00 to $249,999.99 8.75% 7.00%
$250,000.00 to $499,999.99 8.75% 6.50%
$500,000.00 to $999,999.99 5.50% 6.00%
Above $1,000,000.00 5.50% 5.50%
Commissions & Fees 4.5 4
Winner check_circle

Account Fees

Feature TradeStation SogoTrade
IRA Annual Fee $35.00 $35.00
IRA Closure Fee $50.00 $60.00
Returned ACH Fee $25.00 $30.00
Returned Wire Fee $25.00 $30.00
Stock Certificate Processing Fee $150.00 N/A
Stock Certificate Delivery Fee $15.00 N/A
Paper Statement Fee $1.00 $10.00
Paper Confirmation Fee $1.00 $5.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $35.00 $50.00
Commissions & Fees 4.5 4

Investment Options

Feature TradeStation SogoTrade
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs all 0
Mutual Funds (No Load)
887 3432
Mutual Funds (Total)
4357 6602
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
Yes No
Advisor Services
No No
International Trading
No No
Offering of Investments 4.5 3
Winner check_circle

Order Types

Feature TradeStation SogoTrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 3
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Trading Platforms

Feature TradeStation SogoTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
335 49
Heat Mapping
No Yes
AI Assistant Bot
No No
Platforms & Tools 5 3
Winner check_circle

Charting Features

Feature TradeStation SogoTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
285 52
Charting - Drawing Tools
23 12
Charting - Historical Trades
Yes No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Charting - Study Customizations
12 4
Charting - Custom Studies
Yes No
Platforms & Tools 5 3
Winner check_circle

Day Trading

Feature TradeStation SogoTrade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes Yes
Streaming TV
No No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes No
Short Locator
Yes No
Order Liquidity Rebates
Yes No
Winner check_circle

Mobile Trading Apps

Feature TradeStation SogoTrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature TradeStation SogoTrade
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes No
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 4.5 3.5
Winner check_circle

Research Overview

Feature TradeStation SogoTrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
No No
Screener - Stocks
Yes Yes
Screener - ETFs
No Yes
Screener - Mutual Funds
No No
Screener - Options
Yes No
Screener - Bonds
No No
Misc - Portfolio Builder
No Yes
Misc - Portfolio Allocation
No No
Research 2 2.5
Winner check_circle

Stock Research

Feature TradeStation SogoTrade
Stock Research - Reports
0 1
Stock Research - Earnings
No No
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No Yes
Stock Research - Social
No No
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 2 2.5
Winner check_circle

ETF Research

Feature TradeStation SogoTrade
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No Yes
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
No Yes
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 2 2.5
Winner check_circle

Mutual Fund Research

Feature TradeStation SogoTrade
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No
Research 2 2.5
Winner check_circle

Options Trading

Feature TradeStation SogoTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
32 22
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes No
Platforms & Tools 5 3
Winner check_circle

Beginners

Feature TradeStation SogoTrade
Has Education - Stocks
Yes Yes
Has Education - ETFs
No No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
0 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
Yes No
Education 2.5 2
Winner check_circle

Banking

Feature TradeStation SogoTrade
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 0.5

Overall

Feature TradeStation SogoTrade
TradeStation Review SogoTrade Review
Overall 4 3.5
Winner check_circle

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.

SogoTrade Review
TradeStation Review



All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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