Thinkorswim vs Sogotrade Trading Fees and Investments 2012
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- Stocks and ETFs: $3
- Stocks and ETFs broker assisted: $25
- Options: $5 plus $0.50 per contract
- Options broker assisted: $25 plus $0.50 per contract
- Options exercise/assignment: $15
- No-load mutual funds: $15
- Investment products: stocks, options, mutual funds, ETFs
- Minimum to open Sogotrade account: $500
- All Sogotrade fees
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- Stocks and ETFs: $9.99
- Stocks and ETFs broker assisted: $49.99
- Stocks and ETFs Interactive Voice Response (IVR) Telephone System: $34.99
- Options: $9.99 plus $0.75 per contract
- No-load mutual funds: $49.99
- Treasuries at auction: $25 flat fee
- All other bonds and CMOs, CDs: on a net yield basis
- Futures: $3.50 per contract (inclusive of exchange fees)
- Investment products: stocks, bonds, mutual funds, options, ETFs, bonds, CDs, UITs, futures and forex
- Minimum to open Thinkorswim account: $0 for cash account, $2,000 for margin account
- All Thinkorswim fees
- Thinkorswim login
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- Very low commissions
- Fractional shares available with no monthly subscription fee
- No inactivity, maintenance fees (accounts with over $100)
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- ThinkOrSwim is now part of TD Ameritrade - one of the largest brokerages in US with many local branches
- No additional commissions on stocks under $2, large-size orders and extended hours trading
- Best trading platform in the industry
- Free virtual trading
- Trader community
- No-fee retirement accounts
- No maintenance and inactivity fees
- Free streaming quotes
- Independent research offered through S&P and Morningstar
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- For stocks priced under $1, the online commission is $3 plus 0.5% of the principal value
- Terrible trade executions
- Poor trading platform
- Frequent technical problems
- Very slow new account set up process
- Hard to reach, unresponsive customer service
- $30 annual IRA fee
- Can't short stocks under $3
- Cannot invest in CDs and bonds
- No interest on cash
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- High commissions
- High margin rates
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Sogotrade vs Thinkorswim: Comparison Summary
Sogotrade (Sogotrade Review)
offers better commissions than
Thinkorswim (Thinkorswim Review):
stock and ETF trades are flat $3 per trade, while at Thinkorswim stock trades are $9.99 per trade. Sogotrade, however, charges
additional 0.5% of the principal value on penny stocks.
Both companies don't have inactivity and maintenance fees. Thinkorswim provides much better than Sogotrade trading tools, customer service
and richer selection of investment products to choose from.
Thinkorswim is clearly better brokerage house out of these two companies, but its commissions are a bit high. We encourage researching
Top Brokerage Companies,
most of which offer lower commissions than Thinkorswim and great services.
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