Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against SogoTrade!
Last update of data—Dec 2022
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
SogoTrade is a US-based stockbroker, regulated by top-tier US authorities like the SEC and FINRA. It is not listed on a stock exchange and does not have a banking background.
Recommended for traders looking for broad market access and a professional trading environment.
Recommended for stock and options traders with a US focus who value great customer service.
Interactive Brokers
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for traders looking for broad market access and a professional trading environment.
SogoTrade
SogoTrade is a US-based stockbroker, regulated by top-tier US authorities like the SEC and FINRA. It is not listed on a stock exchange and does not have a banking background.
Recommended for stock and options traders with a US focus who value great customer service.
Interactive Brokers's service is slightly better than SogoTrade's and a comparison of their fees shows that Interactive Brokers's fees are slightly lower than SogoTrade's.
Account opening takes more effort at Interactive Brokers compared to SogoTrade, deposit and withdrawal processes are more seamless at Interactive Brokers, while customer service quality is somewhat lower than SogoTrade's.
Our experts rated the trading platform of Interactive Brokers as somewhat better than the platform of SogoTrade, found that clients have access to much more markets and products with Interactive Brokers, while SogoTrade provides somewhat lower-quality research and education.
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.
Brokers displayed might not be available in United States.
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