Comparison Merrill Edge vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Merrill Edge vs SogoTrade. Is Merrill Edge or SogoTrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Merrill Edge 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 Merrill Edge is $6.95 + $0.75, 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 are provided to customers by Merrill Edge and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. Concerning the platforms, Merrill Edge uses 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. Merrill Edge was founded in 2010 in USA, and it is regulated by SEC, FINRA. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from Merrill Edge can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). 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 Merrill Edge is immediate (Bank Wire), and that one in SogoTrade is 3 business days.
Overall, Merrill Edge boasts 4.1 stars versus SogoTrade 4 stars.