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Comparison SogoTrade vs TradeStation
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares SogoTrade vs TradeStation. Is SogoTrade or TradeStation a better online broker?
First of all, we’ll compare the commission fees of the two brokers. SogoTrade has a commission fee of $2.88, and TradeStation has a commission fee of $0.00. Let’s analyze the commission fees on trading options. SogoTrade has a commission fee of $2.88 + 50c, TradeStation has a commission fee of $0.60 per contract. You can read more detailed information on commission fees in the online broker reviews.
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, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided to customers by SogoTrade and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by TradeStation. Concerning the platforms, SogoTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while TradeStation 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. SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. And TradeStation was established in 1982 in United States, and it is regulated by SEC, FINRA. Withdrawal of funds from SogoTrade can be done using Bank Wire with a withdrawal fee of $25 for US wire transfer. And TradeStation provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $35 for US domestic withdrawals. The withdrawal time for SogoTrade is 3 business days, and that one for TradeStation is 3-5 business days.
Overall, SogoTrade boasts 4 stars versus TradeStation 3.8 stars.