Online brokers compared for fees, trading platforms, safety and more. See how SogoTrade stacks up against Stake!
Last update of data—Feb 2022
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.
Stake is an Australia-based fintech startup that offers commission-free stock trading, regulated by the Australian Securities and Investment Commission (ASIC) and the FCA.
Recommended for stock and options traders with a US focus who value great customer service.
Recommended for beginners and investors looking for free US stocks/ETFs and a simple, easy to use trading platform.
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.
Stake
Stake is an Australia-based fintech startup that offers commission-free stock trading, regulated by the Australian Securities and Investment Commission (ASIC) and the FCA.
Recommended for beginners and investors looking for free US stocks/ETFs and a simple, easy to use trading platform.
SogoTrade's service is on par with Stake's and a comparison of their fees shows that SogoTrade's fees are slightly higher than Stake's.
Account opening takes about the same effort at SogoTrade compared to Stake, deposit and withdrawal processes are somewhat more complicated at SogoTrade, while customer service quality is much better than Stake's.
Our experts rated the trading platform of SogoTrade as less user-friendly than the platform of Stake, found that clients have access to slightly more markets and products with SogoTrade, while Stake provides just about the same quality of research and education.
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