Comparison SogoTrade vs Tastyworks
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare SogoTrade vs Tastyworks. Which of them: SogoTrade or Tastyworks a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. SogoTrade has a commission fee of $2.88, and Tastyworks has a commission fee of $0. Let’s analyze the commission fees on trading options. SogoTrade has a commission fee of $2.88 + 50c, Tastyworks has a commission fee of $1. 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 SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, and Tastyworks provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading. As for platforms, SogoTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Tastyworks 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. SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. And Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. Withdrawal of funds from SogoTrade can be done using Bank Wire with a withdrawal fee of $25 for US wire transfer. And Tastyworks provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25-45. The time for withdrawal in SogoTrade is 3 business days, and that one in Tastyworks is 3 business days.
As a result, the rating of SogoTrade is 4 stars versus that of Tastyworks of 4 stars.