Comparison Robinhood vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Robinhood vs SogoTrade. Is Robinhood or SogoTrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Robinhood has a commission fee of commission-free, and SogoTrade has a commission fee of $2.88. Let’s analyze the commission fees on trading options. Robinhood has a commission fee of commission-free, 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 Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading, and SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. As for platforms, Robinhood offers 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. Robinhood was founded in 2013 in United States, 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 Robinhood can be done using Bank Wire with a withdrawal fee of free. 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 Robinhood is 5 days trading holding period for uninvested funds, and that one in SogoTrade is 3 business days.
Overall, Robinhood boasts 3.4 stars versus SogoTrade 4 stars.