Overview of SogoTrade alternatives
Are you not fully satisfied with the services of SogoTrade and looking for some similar, but better options? Or maybe it's not available in your country, and you're interested in another broker like it?
We dug through our database to find other trusted providers that may better fit your needs. In our expert view, the best alternatives to SogoTrade are:
- Interactive Brokers - International broker providing all asset classes
- eToro - Global social trading broker
- Fidelity - US stockbroker
- Zacks Trade - US discount broker
- Charles Schwab - US discount broker
- Webull - US discount broker
- SoFi Invest - US discount broker
- Alpaca Trading - US API broker
- Robinhood - US zero-fee discount broker
- Vanguard - US stockbroker
Together with my brokerage analyst colleagues, I have thoroughly tested the services of over 100 trusted brokers around the world by opening a real-money account. Here's what you need to know about finding alternatives to SogoTrade:
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You have several great options when looking for an alternative to SogoTrade.
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These alternatives offer similar products and target similar clients as SogoTrade.
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Compare some key factors (like fees) to find the broker that best suits your needs.
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Use our Compare Brokers tool to dig deeper into the differences between brokers.
In the table below we collected all the most important details so you can check how the SogoTrade and its alternatives compare to each other. Just use the drop-down menus to select the features you want to compare.
Broker | Broker intro |
---|---|
SogoTrade | US-based stockbroker |
Interactive Brokers | International broker providing all asset classes |
eToro | Global social trading broker |
Fidelity | US stockbroker |
Zacks Trade | US discount broker |
Charles Schwab | US discount broker |
Webull | US discount broker |
SoFi Invest | US discount broker |
Alpaca Trading | US API broker |
Robinhood | US zero-fee discount broker |
Vanguard | US stockbroker |
Popularity of the best alternative brokers to SogoTrade
Interested in what others think? Here's how many people chose these brokers, which are the best alternatives to SogoTrade, at BrokerChooser in the last 6 months.
Why are these brokers considered good alternatives to SogoTrade?
When we say a given online broker is a good alternative to SogoTrade we mean that these brokers are similar to SogoTrade in:
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the products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
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the type of clients they target, i.e. beginners, experienced investors, or day traders.
Look into these areas when comparing SogoTrade alternatives
When trying to find the the best alternative choice to SogoTrade, you should check and compare their characteristics along these five main categories that best bring out the differences between brokers:
Fees: Your online brokerage may charge different types of fees, and both the number and the size of these fees may vary significantly from broker to broker. This can greatly impact your returns and overall experience. SogoTrade's fees are considered average. When picking an alternative, you could prioritize brokers that are cheaper than SogoTrade.
Account opening: To open an account some brokers don't ask for a minimum deposit at all, while others may require up to €50,000 to be invested. 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 and 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.
So far BrokerChooser has reviewed 104 online brokers in detail, which gives this comparison a solid foundation. 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 importance based on the preferences of real traders
- refresh data regularly
Now let's dive into the details of how SogoTrade and its alternatives perform in the most important areas!
SogoTrade and its alternatives compared
Broker | US stock | UK stock |
---|---|---|
SogoTrade | $2.9 | - |
Interactive Brokers | $1.0 | $3.8 |
eToro | $0.0 | $0.0 |
Fidelity | $0.0 | $11.3 |
Zacks Trade | $1.0 | $15.1 |
Charles Schwab | $0.0 | - |
Webull | $0.0 | - |
SoFi Invest | $0.0 | - |
Alpaca Trading | $0.0 | - |
Robinhood | $0.0 | - |
Vanguard | $0.0 | - |
Broker | Minimum deposit |
---|---|
SogoTrade | $0 |
Interactive Brokers | $0 |
eToro | $10 |
Fidelity | $0 |
Zacks Trade | $250 |
Charles Schwab | $0 |
Webull | $0 |
SoFi Invest | $0 |
Alpaca Trading | $0 |
Robinhood | $0 |
Vanguard | $0 |
Learn more about SogoTrade minimum deposit details.
Broker | Bank transfer | Credit/debit card |
---|---|---|
SogoTrade | ||
Interactive Brokers | ||
eToro | ||
Fidelity | ||
Zacks Trade | ||
Charles Schwab | ||
Webull | ||
SoFi Invest | ||
Alpaca Trading | ||
Robinhood | ||
Vanguard |
Broker | Web platform score | Mobile platform score |
---|---|---|
SogoTrade | 3.0 /5 | 3.5 /5 |
Interactive Brokers | 4.3 /5 | 4.3 /5 |
eToro | 4.4 /5 | 4.9 /5 |
Fidelity | 4.5 /5 | 5.0 /5 |
Zacks Trade | 4.3 /5 | 3.5 /5 |
Charles Schwab | 4.3 /5 | 4.7 /5 |
Webull | 5.0 /5 | 5.0 /5 |
SoFi Invest | 3.5 /5 | 4.7 /5 |
Alpaca Trading | 4.0 /5 | 4.3 /5 |
Robinhood | 3.5 /5 | 5.0 /5 |
Vanguard | 2.7 /5 | 4.4 /5 |
Learn more about SogoTrade's web trading platform in the detailed SogoTrade review.
Broker | Stocks | ETFs |
---|---|---|
SogoTrade | ||
Interactive Brokers | ||
eToro | ||
Fidelity | ||
Zacks Trade | ||
Charles Schwab | ||
Webull | ||
SoFi Invest | ||
Alpaca Trading | ||
Robinhood | ||
Vanguard |
Recommended for traders looking for broad market access and a professional trading environment
Broker intro | International broker providing all asset classes |
Overall score | 4.9 stars |
Minimum deposit | $0 |
Inactivity fee | No |
Time to open account | 1-3 days |
Read review | For a detailed analysis of Interactive Brokers, check out our review for 2024. |
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading
Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
Broker intro | Global social trading broker |
Overall score | 4.7 stars |
Minimum deposit | $10 |
Inactivity fee | Yes |
Time to open account | 1 day |
Read review | For a detailed analysis of eToro, check out our review for 2024. |
Recommended for investors and traders looking for solid research and great trading platforms
Broker intro | US stockbroker |
Overall score | 4.5 stars |
Minimum deposit | $0 |
Inactivity fee | No |
Time to open account | 1-3 days |
Read review | For a detailed analysis of Fidelity, check out our review for 2024. |
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees
Broker intro | US discount broker |
Overall score | 4.1 stars |
Minimum deposit | $250 |
Inactivity fee | Yes |
Time to open account | >3 days |
Read review | For a detailed analysis of Zacks Trade, check out our review for 2024. |
Recommended for investors and traders looking for solid research, low fees and great customer service
Broker intro | US discount broker |
Overall score | 4.6 stars |
Minimum deposit | $0 |
Inactivity fee | No |
Time to open account | 1 day |
Read review | For a detailed analysis of Charles Schwab, check out our review for 2024. |
Recommended for investors and traders looking for zero-commission trading and easy platforms
Broker intro | US discount broker |
Overall score | 4.3 stars |
Minimum deposit | $0 |
Inactivity fee | No |
Time to open account | 1 day |
Read review | For a detailed analysis of Webull, check out our review for 2024. |
Recommended for beginners and investors looking for zero-commission trading, focusing on the US market
Broker intro | US discount broker |
Overall score | 4.3 stars |
Minimum deposit | $0 |
Inactivity fee | Yes |
Time to open account | 1-3 days |
Read review | For a detailed analysis of SoFi Invest, check out our review for 2024. |
Recommended for traders interested in algorithmic stock trading
Broker intro | US API broker |
Overall score | 4.3 stars |
Minimum deposit | $0 |
Inactivity fee | No |
Time to open account | 1 day |
Read review | For a detailed analysis of Alpaca Trading, check out our review for 2024. |
Recommended for beginners and buy-and-hold investors focusing on the US stock market
Broker intro | US zero-fee discount broker |
Overall score | 4.4 stars |
Minimum deposit | $0 |
Inactivity fee | No |
Time to open account | 1 day |
Read review | For a detailed analysis of Robinhood, check out our review for 2024. |
Recommended for long-term investors looking for great ETF and mutual fund selection
Broker intro | US stockbroker |
Overall score | 4.2 stars |
Minimum deposit | $0 |
Inactivity fee | No |
Time to open account | 1-3 days |
Read review | For a detailed analysis of Vanguard, check out our review for 2024. |
Dig deeper into comparing SogoTrade alternatives
Based on our analysis, there are several good alternatives to SogoTrade. They all offer similar products and target similar customers.
If you want to dig deeper into the differences between the best alternatives for SogoTrade in your country, head over to our Compare Broker tool, where you can compare brokers by filtering for various criteria including minimum deposits, fees, available products and more.
For comprehensive insights into SogoTrade, read our SogoTrade review for 2024. Our analysis is based on more than 600 individual data points as well as first-hand experience.
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.