TD Ameritrade vs Sogo Trade
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TD Ameritrade vs Sogo Trade
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TD Ameritrade is one of the leading online stock brokers for several reasons. They make trading securities extremely simple and affordable for even the newest of traders.
TD Ameritrade offers a flat $9.99 fee for their stock trades, regardless of your account balance or how often you trade. This is a very competitive rate with no gimmicks or hidden charges, such as platform or market data fees. They also offer excellent 3rd party analysis to help you make educated investing decisions. When it comes time to execute your trade, navigating the site to buy or sell securities is extremely easy. TD Ameritrade provides a sophisticated yet simple web-based trading platform.
Opening an account with TD Ameritrade is a very simple process. You just Answer a few questions online and you can be trading in minutes. Not only is the signup process simple, you can also trade free for 60 days. That is a fantastic opportunity for you to try their trading platform and get comfortable with it, without racking up any trading fees, no matter how big or small an investor you are.
If you have any questions about a trade, the TD Ameritrade customer service department is available 24/7. We found their representatives to be both helpful and extremely knowledgeable.
Among other recognitions, TD Ameritrade has received the top rating for Research Amenities and Customer Service from Barron's. It's obvious TD Ameritrade puts a focus on making their stock trading platform safe and easy, and delivering the information that their investors need.
TD Ameritrade is one of the premier online stock brokers in the industry, and it's not hard to see why. With competitive fees, a streamlined, easy-to-use website, and valuable analysis tools, anyone can successfully and affordably trade in today's market. TD Ameritrade delivers the best value for your stock trading dollar and earns our highest rating.
Sogo Trade offers a low budget online stock broker service. We found the no frills site to be free of the unneeded extras that some of the massive companies provided and that we had to spend time sorting through. However, sometimes low budget can mean lower quality and we found that in some cases with Sogo Trade.
The trading engine and overall website was more than we expected for their $3.00 flat rate fee. The fee is clearly the cheapest in the industry of any online brokers. However, Sogo Trade does not handle all investment choices. While you can cheaply trade stocks they do not currently offer education plans. They also don't offer mutual fund trading or IRA accounts.
The research tools and analytical security information were lacking as well. Be prepared to do your own research on Google, along with what Sogo Trade can provide, before placing your trade.
Sogo Trade provides a $500,000 in account coverage in the event the online stock broker fails. This is important to know and understand when deciding how much to place with this online stock broker given the current environment.
In the end, we felt that Sogo Trade is probably a good option for some in the market that already have their own investment information sources and that are only trading stocks at this time. For those that are interested in funding their IRA or kids college, we suggest you look at the higher ranked companies for assistance.
Online Stock Brokers
To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth comparison of TD Ameritrade and Sogo Trade.
Recently many people have run from the stock market licking their wounds and panicked by the size of their retirement plan. But at the same time, many others are cashing in on some great opportunities. For those looking to buy and sell stocks, without significant expense, online stock brokers can be the ultimate answer.
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.
There are many online stock brokers to choose from. However, before buying your piece of Microsoft or IBM you should consider a number of key factors. Some of these include:
TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose your next online stock broker!
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