Firstrade vs SogoTrade Comparison: Fees, Features, and More (2025)

Firstrade and SogoTrade are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: Firstrade vs SogoTrade (2025)
Feature Firstrade SogoTrade
Website https://www.firstrade.com/ https://www.sogotrade.com/
Broker Type Discount Discount
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee $0 for limit orders, $2.88 for market orders
Fractional Shares? No No
Percent Allocations? No No
Crypto Trading? No No
Crypto Fees not applicable not applicable
Options Trading? Yes Yes
Options Fee No fee 50 cents
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? Yes Yes
Desktop trading? No No
API Trading? No No
Mutual Funds: Offered? Yes No
Total Mutual Funds Over 4,000 None
NTF Mutual Funds Over 700 None
Non-NTF Fund Fee $19.95 not applicable
Early Redemption Fee? Yes not applicable
Redemption Hold (Days) 90 days not applicable
Early Redemption Fee $19.95 not applicable
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? No No
Money Market Sweep? No No
CDs Offered? Yes No
Robo-Advisor: Offered No Yes
Robo-Advisor Service none Power Portfolios
Robo-Advisor Fes not applicable 0.75%
Basics: Headquarters Flushing, NY New York, NY
Year Founded 1985 1986
Clearing Firm Apex Clearing Apex Clearing
Local Branches? No No
New Account Minimum $0 unavailable

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