Comparison Charles Schwab vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Charles Schwab vs SogoTrade. Is Charles Schwab or SogoTrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Charles Schwab has a commission fee of $4.95, and SogoTrade has a commission fee of $2.88. When analyzing trading options, the commission fees of Charles Schwab is $4.95 + $0.65 per contract, and that one of SogoTrade is $2.88 + 50c. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor are provided to customers by Charles Schwab and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. Concerning the platforms, Charles Schwab uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while SogoTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Charles Schwab was established in 1973 in United States, and it is regulated by SIPC. And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Charles Schwab with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And SogoTrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $25 for US wire transfer. The withdrawal time for Charles Schwab is 5 days, and that one for SogoTrade is 3 business days.
As a result, the rating of Charles Schwab is 4.1 stars versus that of SogoTrade of 4 stars.