The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. 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 charge the same amount for regular stock trades, $5. For options trading, both SogoTrade and TradeStation Securities charge the same base fee of $5. Option contracts run $0.50 a piece at both brokerages. 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, SogoTrade boasts an offering of 12222 mutual funds compared to TradeStation Securities's 4854 available funds. Commission free ETFs can also be a nice plus, which in this case means trading a possible 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. 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. 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 Securities . On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities was rated Best in Class - Platforms & Tools in 2017, while SogoTrade was rated none of these.
Overall, TradeStation Securities comes out on top with 3.50 stars over SogoTrade's 3.00 stars.