SogoTrade vs Stake compared

Online brokers compared for fees, trading platforms, safety and more. See how SogoTrade stacks up against Stake!

SogoTrade
Stake
SogoTrade
4.1
Stake
4.2
When you invest your capital is at risk

Last update of dataFeb 2022

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.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.1

Recommended for Stock and options traders with a US focus who value great customer service

Overall Score
4.2

Recommended for Beginners and investors looking for free US stocks/ETFs and a simple, easy to use trading platform

Country of origin

USA

Country of origin

Australia

Fees

Fees score
4.0
Fees score
4.7
Fees summary

Low trading fees, average non-trading fees, low stock and ETF fees

Fees summary

Low trading and average non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
1.8
Deposit and withdrawal score
2.2
Number of base currencies

1

Number of base currencies

1

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$50

*
Time to open account

1 day

Time to open account

1 day

Required documents

Proof of identity: passport Proof of residency: bank statement / utility bill

Required documents

Australian ID for Australian clients. No documents needed for UK clients.

Trading platform

Web platform score
3.0
Web platform score
3.6
Mobile platform score
3.5
Mobile platform score
4.1
Desktop platform score
0.9
Desktop platform score
-

Markets and products

Markets and products score
2.1
Markets and products score
1.6
Stocks
Stocks
*
*
Fractional shares
Fractional shares
*
*
ETFs
ETFs
*
*
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs

Research, education

Research score
3.4
Research score
3.0
Charting quality

Poor

Charting quality

Poor

Education score
0.5
Education score
0.5
Demo account
Demo account

Customer service

Customer service score
4.5
Customer service score
0.4
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1986

Foundation date

2017

Country of regulation

USA

Country of regulation

Australia, UK

SogoTrade

For detailed information and hands-on experience, read our review of this broker.

Stake

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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