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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.

Overall Rating

 
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
Tastyworks
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
CFDs
Futures
Cryptocurrency
SogoTrade
Stock
$2.88
ETFs
$2.88
Options
$2.88 + 50c
Mutual Funds
$25
Bonds
$20
CFDs
$2.88
Futures
$2.88
Cryptocurrency
$1 or 1%
Tastyworks
Stock
$0
ETFs
N/A
Options
$1
Mutual Funds
N/A
Bonds
N/A
CFDs
N/A
Futures
$1.25
Cryptocurrency
N/A

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading
SogoTrade
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading
Tastyworks
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
SogoTrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Tastyworks
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Social trading
Education
SogoTrade
Research & Analysis
Social trading
Education
Tastyworks
Research & Analysis
Social trading
Education

Mobile App

Mobile App
Android App
iOS App
SogoTrade
Android App
iOS App
Tastyworks
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
SogoTrade
Minimum deposit
$0
Bank Wire
Tastyworks
Minimum deposit
$0
Bank Wire

Withdrawals

Withdrawals
Bank Wire
Withdrawal Time
Withdrawal Fee
SogoTrade
Bank Wire
Withdrawal Time
3 business days
Withdrawal Fee
$25 for US wire transfer
Tastyworks
Bank Wire
Withdrawal Time
3 business days
Withdrawal Fee
$25-45

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
SogoTrade
Сountry of Origin
United States
Year Founded
1986
Regulated By
SEC and FINRA
Tastyworks
Сountry of Origin
United States
Year Founded
2017
Regulated By
FINRA, NFA and SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
SogoTrade
Phone
Yes
Email
Yes
Live Chat
Yes
Tastyworks
Phone
(312) 724-7075
Email
N/A
Live Chat
Yes

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