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Comparison Fidelity vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Fidelity vs SogoTrade. Is Fidelity or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Fidelity on regular transactions of the stock exchange is $4.95, and SogoTrade has a commission fee of $2.88. Let’s analyze the commission fees on trading options. Fidelity has a commission fee of $4.95 + $0.65, SogoTrade has a commission fee of $2.88 + 50c. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Fidelity provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. As for platforms, Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while SogoTrade offers 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. Fidelity was established in 1946 in United States, and it is regulated by SEC, FINRA, FCA (UK). And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from Fidelity can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $10 (Bank Wire). And SogoTrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25 for US wire transfer. The time for withdrawal in Fidelity is immediate (Bank Wire), and that one in SogoTrade is 3 business days.
As a result, the rating of Fidelity is 4.3 stars versus that of SogoTrade of 4 stars.