Best Reviews TopConsumerReviews.com Best Online Stock Brokers Best Reviews
Best Reviews
      September 18, 2019

Home  >  Online Stock Brokers  >  Charles Schwab vs Sogo Trade

Best Online

Stock Brokers

  1. Firstrade
  2. Fidelity
  3. Charles Schwab
  4. E Trade
  5. Merrill Edge
  6. Trade Station
  7. Speedtrader
  8. Robinhood
  9. Sogo Trade

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
7 Ways to Lose Money in the Stock Market Newsletter

Latest Reviews

Keto Diets

Luggage Stores

Olive Oil Clubs

Online Fitness

Personal Trainers

Pet Meds

Popular Diets

Printer Ink

Rapid Weight Loss

Sunglasses

 

Individual Reviews

TD Ameritrade

Firstrade

Fidelity

Charles Schwab

E Trade

Merrill Edge

Trade Station

Speedtrader

Robinhood

Sogo Trade

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Charles Schwab vs Sogo Trade

Best Online Stock Brokers

To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth comparison of Charles Schwab and Sogo Trade.

To see ALL of our reviews for the Best Online Stock Brokers, please Click Here

Who is the Best Online Stock Broker? Whether you consider yourself an avid investor or a beginner just starting to look into the stock market, it's easy to get overwhelmed by all of the stock trading options. Although some people still use traditional stock brokers, many people have found they can save a lot of money by trading stocks themselves.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with "professional" stock brokers. Many of these individuals try to convince you to buy or sell stocks, because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

Continue reading below reviews

Best Reviews

2019

Online Stock Broker Reviews

4 stars
Charles Schwab

CHARLES SCHWAB Visit Site

Cost:

$4.95/trade

Minimum Deposit:

$1,000

Charles Schwab is a full-service online stock broker, founded in 1971 and currently managing more than $2.6 trillion in investments for over nine million investors. Because Schwab also has 300+ brick-and-mortar locations, investors have more access to face-to-face advisors if they so choose.

You'll have a hard time finding another brokerage that is more accessible: Schwab offers round-the-clock customer service, every day of the year. Better yet, if you're looking for some basic investment help, you can get in touch with one of their representatives at no cost. On the other hand, if you want more personalized assistance, you can choose Schwab's Intelligent Portfolios or Managed Portfolios.

Schwab's online tools and platforms include the usual panorama of web/mobile trading and trading software, depending on your preference. If you use the software, StreetSmart Edge, you'll be able to customize your platform according to the criteria you need, including streaming real-time data and potential trade ideas. Customer feedback indicates that Schwab is a fantastic choice for almost every type of investor, but active traders will probably find more robust options with one of the other online stock brokers in our review that specialize in that approach to buying and selling stocks.

Schwab's trading fees are average, at $4.95 per trade. Their required minimum investment of $1000 is more than many of their competitors.

On a positive note, Schwab is one of the only online stock brokers we found to offer a Satisfaction Guarantee. If, for some reason you're not 100% satisfied with their services, they will refund your fees/commissions and work with you to fix it.

Charles Schwab is an extremely reputable online stock broker and is an ideal fit for investors who want a one-stop shop for practically every investment type and service - though you might find lower investment minimums and per-trade fees with the competition.

Visit Site

2.5 stars
Sogo Trade

SOGO TRADE Visit Site

Cost:

$4.88/trade on stocks

$2.88/trade on stocks with 150+ trades each quarter

Minimum Deposit:

None

SogoTrade has been serving investors since 1986, aiming to provide the best value for your investment dollars. They tell you upfront that they serve "independent, self-directed" investors - in other words, you'll need to use their educational/research tools to make the most informed decisions about your stock trades. A separate service, Sogo MarketRiders, is available if you prefer more personalized guidance from your online stock broker.

SogoTrade is, at its heart, a discount online stock broker. Although they have tools for the average investor, their best fit is probably for active traders - definitely not those who want to put their money in the market and forget about it.

The SogoTrade platform reflects that "bargain brokerage" mentality: no fancy graphics, no cutting-edge tech, just spreadsheets, tickers, and so on.

You'll also see that in their pricing. While they advertise a low $2.88/trade, you'll need to be making at least 150 trades each quarter to get that price. Otherwise, expect to pay a base rate of $4.88/trade. SogoTrade also offers "prepaid trades" in quantities of 20 or 50, which can bring your rate down to that same $2.88 price without the 150+ trades requirement.

SogoTrade used to be the lowest-priced online stock broker on the market, but as the industry has changed and many brokerages are offering lower-cost (and even no-cost) trades, SogoTrade seems to leave investors with the lower-quality platform without delivering any added value in exchange. We recommend you choose another online stock broker in our review

Visit Site

Continued from above

And, of course, with fluctuations in the economy, and subsequent rises and falls in stock prices, some people panic and pull out significant investments - leaving the door wide open for others to take advantage of big opportunities to buy low and hopefully sell high later.

Of course, the best online stock brokers do have the option to work with a consultant if you choose. Especially if you're just starting to learn about investments, you may feel more comfortable knowing you can access an expert if the need arises. These services may be included, or you may have to pay for them a la carte.

So, when choosing the right online stock broker for your needs, how do you know which one is best? Before you jump in and start buying up your shares in Apple or Coca-Cola, here are some factors to keep in mind:

  • Information. From beginners to experts, having up-to-date information on the stock market is critical. What resources does the online stock broker have available to guide you in your decision-making?
  • Fees. When purchasing your stocks, will you be charged a percentage of your total buy or a flat fee? When the time comes to sell, what will you pay?
  • Reputation. What do other investors say about their experience buying and selling with the online stock broker? Have they had positive interactions with the broker when they've needed help? How many investors have chosen this particular broker's services?

TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose the right broker for your stock buying and trading needs!

Is SQ Stock Ready to Bounce Back?

As many analysts of the online brokerage wars know all too well, free stock trades are akin to a bar offering free salty peanuts to customers. After eating the free peanuts, those customers soon ...

Published:  Tue, 17 Sep 2019 15:15:00 GMT



3 Reasons Canopy Growth Stock Could Rally Big in 2020

Canopy Growth stock shot out of the gates ... which is expected to come online in Fall 2019 and extract around 5,000 kilograms of hemp a day. Broadly, then, Canopy is rapidly increasing their ...

Published:  Tue, 17 Sep 2019 04:40:00 GMT



Chewy Stock Falls After Disappointing Second Quarter

Shares of the online purveyor of pet products ... It certainly looks prettier than Chewy's stock chart. The company, which went public June 14 at $39 a share, was down 2.1%, to $29.60 in after-hours ...

Published:  Tue, 17 Sep 2019 15:01:00 GMT



Chesapeake Energy's stock tumbles as oil prices pull back sharply

Shares of Chesapeake Energy Corp. CHK, -13.83% tumbled 13.8% in very active afternoon trading ... production will be fully back online by the end of the month. On Tuesday, crude oil prices dropped 5.6 ...

Published:  Tue, 17 Sep 2019 11:39:00 GMT



Stock Market Today: What to Expect From the Federal Reserve

InvestorPlace - Stock Market News, Stock Advice & Trading Tips While it's been ... and with Saudi production expected to come fully back online in the coming weeks, crude is still up about ...

Published:  Tue, 17 Sep 2019 19:18:00 GMT



Cloudflare stock pops 27% in first day of trading

The web security company started trading on Friday under the ticker "NET ... helping them distribute their content and keep it available online. In the company's initial prospectus, Cloudflare ...

Published:  Fri, 13 Sep 2019 14:00:00 GMT



Online Angel Investing Can Help Any Investor Retire Early

So, we suggest the 50-40-10 trading strategy ... a very profitable online angel investing portfolio. There are two major potential issues with angel investing. One is stock dilution.

Published:  Tue, 17 Sep 2019 12:25:00 GMT



Alphabet Stock Investors Shouldn't Sweat Antitrust Spotlight

online advertising, artificial intelligence, cloud services, machine learning and autonomous vehicles. It's still growing at roughly a 20% clip. Yet Alphabet stock is trading at 22 times forward ...

Published:  Mon, 16 Sep 2019 06:33:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure