Stock Broker Reviews



Sogotrade review 2009
Optionshouse review

Compare Sogotrade versus OptionsHouse: which brokerage to choose?




Sogotrade vs OptionsHouse Trading Fees and Investments Offered




Sogotrade
OptionsHouse
  • Stocks and ETFs: $3
  • Options commission: $3 plus $0.70 per contract
  • Investment products: stocks, options, ETFs
  • Minimum to open account: $500

  • Stocks and ETFs: $2.95
  • Two plans for options:
    1. Up to five contracts for $5; each additional contract $1
    2. $8.50 + 0.15/contract rate (great if you trade over 10 contracts)
  • Mutual Funds: $9.95
  • Orders for U.S. treasury bonds and listed corporate bonds are accepted by phone
  • Investments: stocks, options, mutual funds, bonds, ETFs
  • Minimum to open account: $1000 for cash account, $2000 for margin account
  • All Optionshouse fees



Compare Sogotrade and OptionsHouse Pros



Sogotrade
OptionsHouse
  • Very low commissions
  • Fractional shares available with no monthly subscription fee
  • No inactivity fees
  • Lowest stock commissions in the industry
  • Efficient trading tools
  • No account minimums. Minimum initial funding size is $1,000 for a cash account and $2,000 for a margin account
  • No fee IRA accounts
  • No volume requirements and inactivity fees
  • Free check-writing privileges
  • No surcharges for large orders, penny stocks and extended hours trading
  • Very low margin rates



Compare Sogotrade and OptionsHouse Cons



Sogotrade
OptionsHouse
  • Cannot invest in mutual funds and bonds
  • For stocks priced under $1, the online commission is $3 plus 0.5% of the principal value
  • Bad trade execution
  • Poor trading platform
  • Very slow new account set up process
  • Customer service complains
  • No interest on customer's cash
  • No IRA accounts offered
  • Might not be the best for beginner investors



Sogotrade or OptionsHouse: Comparison Summary



Sogotrade and Optionshouse are some of the cheapest brokerage houses in the country - only $3 per stock/ETF trade! Both firms have no surcharges for large orders and after-hours trading. Sogotrade, however, has a 0.5% of the principal value surcharge for stocks under $1.

You can't buy mutual funds and bonds with Sogotrade and the firm does not offer IRA accounts. OptionsHouse, on the other hand, offers mutual funds and bonds investing and we rated it as one of the Best Brokerages for an IRA Account.

OptionsHouse offers much better customer service, trading tools and account application process than Sogotrade.

OptionsHouse is highly rated by all investor magazines and it's named Best For Options Traders in 2009 and 2010 by Barron's. Of course, the firm is also excellent choice for anyone interested in investing in stocks, mutual funds and ETFs. We included it in our Best Brokerage Firms in 2010 list and we definitely recommend OptionsHouse over Sogotrade.


Check Sogotrade For Promotion

Sogotrade review 2009

Check OptionsHouse For Promotion

Optionshouse review

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