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Comparison E*TRADE vs SogoTrade

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares E*TRADE vs SogoTrade. Is E*TRADE or SogoTrade a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of E*TRADE on regular transactions of the stock exchange is $6.95, and SogoTrade has a commission fee of $2.88. When analyzing trading options, the commission fees of E*TRADE is $6.95 + $0.75 per contract, and that one of SogoTrade is $2.88 + 50c. You can read more detailed information on commission fees in the online broker reviews.

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, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by E*TRADE and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. Concerning the platforms, E*TRADE 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. E*TRADE was founded in 1982 in United States, and it is regulated by FINRA. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from E*TRADE 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 time for withdrawal in E*TRADE is 3 days, and that one in SogoTrade is 3 business days.

Overall, E*TRADE boasts 4.3 stars versus SogoTrade 4 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
E*TRADE
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
SogoTrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
CFDs
Futures
Metals
Cryptocurrency
E*TRADE
Stock
$6.95
ETFs
$19.99
Options
$6.95 + $0.75 per contract
Mutual Funds
$49.99
Bonds
$1
CFDs
N/A
Futures
$2.50 per side, per contract
Metals
$1.50 per contract
Cryptocurrency
$1.50 per side, per contract
SogoTrade
Stock
$2.88
ETFs
$2.88
Options
$2.88 + 50c
Mutual Funds
$25
Bonds
$20
CFDs
$2.88
Futures
$2.88
Metals
N/A
Cryptocurrency
$1 or 1%

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading
Robo Advisor
E*TRADE
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading
Robo Advisor
SogoTrade
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
E*TRADE
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
SogoTrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
E*TRADE
Research & Analysis
Education
SogoTrade
Research & Analysis
Education

Mobile App

Mobile App
Android App
iOS App
E*TRADE
Android App
iOS App
SogoTrade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
E*TRADE
Minimum deposit
$100
Bank Wire
Visa/Mastercard
SogoTrade
Minimum deposit
$0
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
E*TRADE
Bank Wire
Visa/Mastercard
Withdrawal Time
3 days
Withdrawal Fee
$0
SogoTrade
Bank Wire
Visa/Mastercard
Withdrawal Time
3 business days
Withdrawal Fee
$25 for US wire transfer

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
E*TRADE
Сountry of Origin
United States
Year Founded
1982
Regulated By
FINRA
SogoTrade
Сountry of Origin
United States
Year Founded
1986
Regulated By
SEC and FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
E*TRADE
Phone
800-387-2331
Email
Email form
Live Chat
Yes
SogoTrade
Phone
Yes
Email
Yes
Live Chat
Yes

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