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Our top alternative brokers to SogoTrade
ChoiceTrade
4.1
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Passfolio
4.3
Read review
Our top alternative brokers to SogoTrade
ChoiceTrade
4.1
Visit broker
Passfolio
4.3
Read review
SogoTrade Alternatives

The best alternatives to SogoTrade are

  1. ChoiceTrade - US-based stockbroker
  2. Passfolio - Global zero-commission stockbroker
  3. TradeStation - US stockbroker
  4. tastyworks - US options and stockbroker

Let's see in a bit more detail how the SogoTrade alternatives compare to SogoTrade and each other:

SogoTrade alternatives comparison
SogoTrade ChoiceTrade Passfolio TradeStation tastyworks
Overall score 4.2 4.1 4.3 4.7 4.7
Fees score 4.0 stars 4.4 stars 4.6 stars 4.1 stars 4.5 stars
Account opening score 5.0 stars 4.4 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 1.8 stars 0.8 stars 1.5 stars 2.3 stars 1.9 stars
Web platform score 3.0 stars 1.5 stars 3.7 stars 4.5 stars 3.4 stars
Markets and products score 1.7 stars 2.1 stars 2.0 stars 2.8 stars 2.6 stars
Read review Visit broker Read review Visit broker Read review

Why are these brokers considered good alternatives to SogoTrade? There are many areas based on which SogoTrade can be compared with others. When we say a given online broker is a good alternative to SogoTrade we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

SogoTrade alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • SogoTrade is recommended for stock and options traders with a us focus who value great customer service
  • ChoiceTrade is recommended for stock and options traders looking for low trading fees and focusing on the us market
  • Passfolio is recommended for beginners and long-term investors focusing on the us stock market
  • TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
  • tastyworks is recommended for options and futures traders focusing on us markets

Important factors of finding SogoTrade alternatives

So far BrokerChooser has reviewed 84 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether SogoTrade or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. SogoTrade is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost SogoTrade alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At SogoTrade this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at SogoTrade, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given SogoTrade alternative is a must.


Now let's dive into the details of how SogoTrade and its alternatives perform in the most important areas!

SogoTrade alternatives
SogoTrade

SogoTrade is a US stockbroker, which was founded in 1986. The company is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

Although it is not listed on any stock exchanges and does not have a banking background, SogoTrade is considered safe because it has a long track record and it is regulated by top-tier regulators. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Recommended for stock and options traders with a us focus who value great customer service

Pros Cons
Low stock and ETF fees High non-trading fees
Wide range of research tools Limited product portfolio
Relevant and fast customer service Not user-friendly desktop trading platform

Read review

Fees
4.0

SogoTrade has low stock, ETF, and options fees. The inactivity fee is also low, charged only after a year, and if your account balance is under $100. On the other hand, the margin rates are high and the fees for wire withdrawals are high.
Pros Cons
Low trading fees High margin rates
Low stock and ETF fees / Free stock trading High fee for wire withdrawal
Low inactivity fee
SogoTrade alternatives trading fees
SogoTrade ChoiceTrade Passfolio TradeStation tastyworks
US stock $4.9 $0.0 $0.0 $1.0 $0.0
UK stock - - - - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Read review

Account opening
5.0

Opening an account at SogoTrade is fast and fully digital for both US and international citizens, but it sorely lacks user-friendliness.
Pros Cons
Fast Not user-friendly
Fully digital
No minimum deposit
SogoTrade alternatives minimum deposit and account open times
SogoTrade ChoiceTrade Passfolio TradeStation tastyworks
Minimum deposit $0 $100 $0 $1 $0
Time to open account 1 day 1-3 days 1 day 1 day 1 day

Learn more about SogoTrade minimum deposit here.

Read review

Deposit and withdrawal
1.8

You can transfer money only by bank transfer and non-US clients are charged $50, while US clients are charged $25 for wire withdrawals. As a plus, the deposit and the ACH withdrawals are free.
Pros Cons
No deposit fee Only one account base currency
Free ACH withdrawal Slow withdrawal - over 3 days
High fee for wire withdrawal
SogoTrade and alternatives withdrawal options and fees
SogoTrade ChoiceTrade Passfolio TradeStation tastyworks
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $5 $0.25 $0 $0

Read review

Web trading platform
3.0

SogoTrade's web trading platform is user-friendly, has a good search function, and offers a variety of order types. However, it's not customizable, it doesn't look particularly nice, and doesn't have two-step authentication.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good variety of order types Limited customizability (for charts, workspace)
SogoTrade - Web trading platform
SogoTrade and alternatives trading platform scores
SogoTrade ChoiceTrade Passfolio TradeStation tastyworks
Web platform score 3.0 stars 1.5 stars 3.7 stars 4.5 stars 3.4 stars
Mobile platform score 4.5 stars 3.5 stars 4.2 stars 4.8 stars 4.2 stars
Desktop platform score 0.9 stars 2.8 stars - 2.5 stars 3.9 stars

Learn more about SogoTrade's web trading platform in the detailed SogoTrade review.

Read review

Markets and products
1.7

At SogoTrade, you can trade with US stocks, ETFs, options, and cryptos. However, the offered assets cover only the US market and popular asset classes, such as bonds or mutual funds, are not provided.
SogoTrade and alternatives markets and products
SogoTrade ChoiceTrade Passfolio TradeStation tastyworks
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex No No No No No
Fund No No No Yes No
Bond No No No Yes No
Options Yes Yes No Yes Yes
Futures No No No Yes Yes
CFD No No No No No
Crypto No No Yes Yes No

Read review

Verdict

SogoTrade is a great broker for US stock and options trading.

The stock and ETF fees are low. You can use a wide range of research tools, including a wide range of analytical tools. Lastly, it also has great customer support which gives fast and relevant answers.

On the negative side, SogoTrade charges $50 per year inactivity fee and high wire withdrawal fees, $50 for non-US clients and $25 for US clients. The product offer is limited, you can trade only with stock, ETF, and options. The desktop trading platform can be improved as it is not user-friendly-structured and misses essential tools, like price alerts.

As the account opening is seamless, and the trading fees are low, feel free to try it.

SogoTrade
Summary SogoTrade is a US-based stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund.
Fees score 4.0 stars
Recommended for Stock and options traders with a US focus who value great customer service

Read review

SogoTrade alternatives
ChoiceTrade

ChoiceTrade is a US-based stockbroker founded in 2000. The broker is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and it is also a member of SIPC. SIPC membership ensures that clients are eligible for the SIPC investor protection scheme, which protects assets up to $500,000 (cash up to $250,000) per account.

ChoiceTrade is considered safe because it has a long track record, it is regulated by top-tier regulators and it discloses its annual financial statements. 

Recommended for stock and options traders looking for low trading fees and focusing on the us market

Pros Cons
Commission-free listed stock and ETF trades High non-trading fees
Fast and easy account opening Not user-friendly withdrawal
User-friendly mobile trading platform Limited product portfolio

Visit broker

Fees
4.4

ChoiceTrade charges low trading fees and you can trade listed stocks and ETFs with no commission. On the flip side, the non-trading fees are high.
Pros Cons
Low trading fees Withdrawal fee
Commission-free stock trading Inactivity fee
SogoTrade vs. ChoiceTrade: Trading fees
ChoiceTrade SogoTrade
Apple benchmark fee $0.3 $10.1
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
4.4

Opening an account at ChoiceTrade is easy, fast and fully digital for both US and international clients.
Pros Cons
Fully digital None
Low minimum deposit
User-friendly
SogoTrade vs. ChoiceTrade: Minimum deposit, time to open an account
ChoiceTrade SogoTrade
Minimum deposit $100 $0
Time to open account 1-3 days 1 day

If you are interested more in ChoiceTrade minimum deposit, this overview will help you.

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Deposit and withdrawal
0.8

The deposit process at ChoiceTrade is smooth, but withdrawing funds is cumbersome. Credit/debit cards are not accepted, there is a high withdrawal fee and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
High withdrawal fee
Withdrawal is excessively complicated
SogoTrade vs. ChoiceTrade: Withdrawal options
ChoiceTrade SogoTrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $5 $0

Visit broker More

Web trading platform
1.5

ChoiceTrade's web trading platform offers a clear fee report and a great variety of order types. On the other hand, the design is outdated, there is no two-step login, and the search functions are poor.
Pros Cons
Clear fee report No two-step (safer) login
Good variety of order types Poor search function
Order confirmation Design is very outdated
Web trading platform of ChoiceTrade, a SogoTrade alternative
SogoTrade vs. ChoiceTrade: Trading platform scores
ChoiceTrade SogoTrade
Web platform score 1.5 stars 3.0 stars
Mobile platform score 3.5 stars 4.5 stars
Desktop platform score 2.8 stars 0.9 stars

Learn more about ChoiceTrade's web trading platform in the detailed ChoiceTrade review.

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Markets and products
2.1

ChoiceTrade only offers stocks, ETFs and options traded on US and Canadian exchanges.
SogoTrade vs. ChoiceTrade: Markets and products
ChoiceTrade SogoTrade
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options Yes Yes
Futures No No
CFD No No
Crypto No No

Visit broker More

Verdict

US and international clients can trade listed stocks and ETFs with no commission at ChoiceTrade. The account opening is easy, fully digital and takes 1-2 days. The broker also offers a great and user-friendly mobile trading platform.

On the negative side, the inactivity fee and withdrawal fees for bank transfers are high. The withdrawal process is not user-friendly and only bank transfer is available. The product portfolio is limited, you can only trade stocks, ETFs, and options.

Given that the account opening is seamless and you can trade stocks and ETFs with zero commission, feel free to try it.

ChoiceTrade
Summary ChoiceTrade is a US stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund.
Fees score 4.4 stars
Recommended for Stock and options traders looking for low trading fees and focusing on the US market

Visit broker More

SogoTrade alternatives
Passfolio

Passfolio, a global zero-commission stockbroker, is a young and ambitious brokerage founded in 2018. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In addition to the top-tier regulation, clients also enjoy additional investor protection under the SIPC policy of Passfolio's clearing firm for up to an additional $30 million (with a cash sub-limit of $900,000 per account), subject to an aggregate limit of $150 million.

Although Passfolio is a global broker, there is a distinct focus on Brazilian customers, as evidenced by the fact that a good portion of the content it offers is available in Portuguese. 

Passfolio is considered safe because it is regulated by top-tier authorities and offers extra protection to investors. 

Recommended for beginners and long-term investors focusing on the us stock market

Pros Cons
Free US stock and ETF trading Limited product portfolio focusing on US markets
Great mobile platform Deposit is not user-friendly
Fast and fully digital account opening Missing web and desktop platforms

Read review

Fees
4.6

Passfolio's fees are highly attractive as trading in all assets except fro cryptos is free of charge, provided the value of the trade reaches $5. On the other hand, most withdrawal options are subject to a fee.
Pros Cons
Free stock and ETF trading for products priced above $5 None
No account opening and maintenance fees
SogoTrade vs. Passfolio: Trading fees
Passfolio SogoTrade
Apple benchmark fee $0.3 $10.1
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Read review

Account opening
5.0

When made on a mobile device, the account opening at Passfolio is super fast and fully digital. The validation time is a mere 15 minutes. On the other hand, experience shows that validation can run into issues on the computer.
Pros Cons
Fully digital Verification can be buggy on desktop
No minimum deposit
Verification in 15 minutes
SogoTrade vs. Passfolio: Minimum deposit, time to open an account
Passfolio SogoTrade
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in Passfolio minimum deposit, this overview will help you.

Read review

Deposit and withdrawal
1.5

Passfolio's deposit functions are numerous and they all come free of charge. On the other hand, withdrawal is not free and the process of depositing funds is complicated.
Pros Cons
No deposit fee Credit/Debit card not available
Only one account base currency
Not user-friendly
SogoTrade vs. Passfolio: Withdrawal options
Passfolio SogoTrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0.25 $0

Read review

Web trading platform
3.7

Passfolio has just recently revealed their web trading platform, that is still in Beta. It is user-friendly and has a two-factor SMS verification. On the other hand, it is not customizable, has only a few order types, and no price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report Limited order types
Two-step (safer) login No price alerts
Web trading platform of Passfolio, a SogoTrade alternative
SogoTrade vs. Passfolio: Trading platform scores
Passfolio SogoTrade
Web platform score 3.7 stars 3.0 stars
Mobile platform score 4.2 stars 4.5 stars
Desktop platform score - 0.9 stars

Learn more about Passfolio's web trading platform in the detailed Passfolio review.

Read review

Markets and products
2.0

In addition to cryptos, Passfolio offers stocks, ETFs, REITs and ADRs traded on US stock exchanges. Popular assets such as mutual funds, bonds and options are missing from the product portfolio.
SogoTrade vs. Passfolio: Markets and products
Passfolio SogoTrade
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options No Yes
Futures No No
CFD No No
Crypto Yes No

Read review

Verdict

As an up-and-coming brokerage, the main attractive feature of Passfolio is its highly competitive fee structure. You can essentially trade free of charge with an amount exceeding $5, the deposit is free and the broker doesn't charge any account fees either. The mobile app is exceptionally user friendly and the account opening and validation was extremely fast.

On the negative side, the range of products is rather limited and customers have access solely to US markets (NYSE/NASDAQ). Depositing funds in your Passfolio account can prove to be a cumbersome process and all withdrawals carry a  price tag. Educational materials are pretty scarce, albeit some of high quality, and videos are only available in Portuguese.

Passfolio is ideal for non-U.S. investors looking for an easy-to-use platform to trade in US securities. 

 

Passfolio
Summary Passfolio is a US-based commission-free stockbroker focusing on Brazil. It is regulated by both FINRA and SEC, and is available globally for clients.
Fees score 4.6 stars
Recommended for Beginners and long-term investors focusing on the US stock market

Read review

SogoTrade alternatives
TradeStation

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Mediocre customer service

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Fees
4.1

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees / Free stock trading
Multiple fee structures to choose from
SogoTrade vs. TradeStation: Trading fees
TradeStation SogoTrade
Apple benchmark fee $2.3 $10.1
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
5.0

TradeStation account opening is fully digital, user-friendly and fast. On the other hand, USD is the only available base currency (except for futures accounts).
Pros Cons
Fast Only USD accounts (unless you trade futures)
Fully digital
User-friendly
SogoTrade vs. TradeStation: Minimum deposit, time to open an account
TradeStation SogoTrade
Minimum deposit $1 $0
Time to open account 1 day 1 day

If you are interested more in TradeStation minimum deposit, this overview will help you.

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Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; and the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit and withdrawal in cryptocurrencies High fee for wire withdrawal
Only USD accounts (unless you trade futures)
SogoTrade vs. TradeStation: Withdrawal options
TradeStation SogoTrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.5

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of TradeStation, a SogoTrade alternative
SogoTrade vs. TradeStation: Trading platform scores
TradeStation SogoTrade
Web platform score 4.5 stars 3.0 stars
Mobile platform score 4.8 stars 4.5 stars
Desktop platform score 2.5 stars 0.9 stars

Learn more about TradeStation's web trading platform in the detailed TradeStation review.

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Markets and products
2.8

TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
SogoTrade vs. TradeStation: Markets and products
TradeStation SogoTrade
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes No
Bond Yes No
Options Yes Yes
Futures Yes No
CFD No No
Crypto Yes No

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Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfer. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.1 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

Visit broker More

SogoTrade alternatives
tastyworks

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients

The people behind tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

Recommended for options and futures traders focusing on us markets

Pros Cons
Low trading fees Limited product selection
Great educational materials Few deposit and withdrawal options
Good research tools No demo account

Read review

Fees
4.5

tastyworks has low trading fees and there is no inactivity fee. On the other hand, you have to pay a high withdrawal fee for wire transfers.
Pros Cons
Low trading fees Withdrawal fee for bank (wire) transfers
Low stock and ETF fees / Free stock trading
No inactivity fee
SogoTrade vs. tastyworks: Trading fees
tastyworks SogoTrade
Apple benchmark fee $0.3 $10.1
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Read review

Account opening
5.0

tastyworks account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
Pros Cons
Fast None
Fully digital
No minimum deposit
SogoTrade vs. tastyworks: Minimum deposit, time to open an account
tastyworks SogoTrade
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in tastyworks minimum deposit, this overview will help you.

Read review

Deposit and withdrawal
1.9

tastyworks's deposit and withdrawal functions are easy to use and there's no deposit fee, but you can use only bank transfer, and withdrawals can be expensive especially for non-US clients.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH withdrawals in the US High fee for wire withdrawals
SogoTrade vs. tastyworks: Withdrawal options
tastyworks SogoTrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Read review

Web trading platform
3.4

The tastyworks web platform is great for experienced traders, especially for options trading. However, it takes time to figure out how its functions work, and its customizability is limited.
Pros Cons
Clear fee report Limited customizability (for charts, workspace)
Price alerts Not suited for beginners
Two-step (safer) authentication for certain functions
Web trading platform of tastyworks, a SogoTrade alternative
SogoTrade vs. tastyworks: Trading platform scores
tastyworks SogoTrade
Web platform score 3.4 stars 3.0 stars
Mobile platform score 4.2 stars 4.5 stars
Desktop platform score 3.9 stars 0.9 stars

Learn more about tastyworks's web trading platform in the detailed tastyworks review.

Read review

Markets and products
2.6

At tastyworks, you can trade US stocks, ETFs, options and some futures. Other popular asset classes like mutual funds or bonds are missing, as are international assets.
SogoTrade vs. tastyworks: Markets and products
tastyworks SogoTrade
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund No No
Bond No No
Options Yes Yes
Futures Yes No
CFD No No
Crypto No No

Read review

Verdict

tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.  

tastyworks's trading fees are low, with free stock and ETF trading fees. Its trading platform is aimed at experienced options traders, and can be intimidating for beginners. However, its educational and research tools are great for learning. Deposit and withdrawal processes could be better, and a demo account would also be great for practice purposes.

As there is no minimum deposit, no inactivity fee or monthly fee, and the account opening process is seamless, you should feel free to try it.

tastyworks
Summary tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.
Fees score 4.5 stars
Recommended for Options and futures traders focusing on US markets

Read review

SogoTrade alternatives
Bottom line

Based on our analysis, there are several good alternatives to SogoTrade. They all offer similar products and target similar customers. Here's a recap of the results in a table.

SogoTrade alternatives
Broker Info Recommended for
SogoTrade US-based stockbroker Stock and options traders with a US focus who value great customer service
ChoiceTrade US-based stockbroker Stock and options traders looking for low trading fees and focusing on the US market
Passfolio Global zero-commission stockbroker Beginners and long-term investors focusing on the US stock market
TradeStation US stockbroker Traders focusing on US markets and buy-and-hold investing
tastyworks US options and stockbroker Options and futures traders focusing on US markets

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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