Firstrade vs SogoTrade Comparison: Fees, Features, and More (2026)
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 2026.
| Feature | Firstrade | SogoTrade |
|---|---|---|
| Website | https://www.firstrade.com/ | https://www.sogotrade.com/ |
| Broker Type | Discount (self-directed online brokerage) | Discount (online self-directed) |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 online ($19.95 broker-assisted) | $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC |
| Fractional Shares? | Yes (most U.S. stocks/ETFs; $5 min) | No |
| Percent Allocations? | No | No |
| Crypto Trading? | No | Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction). |
| Crypto Fees | N/A | Greater of $1 or 1% of trade value (Bakkt); other account fees may apply. |
| Options Trading? | Yes | Yes. |
| Options Fee | $0 commission and $0/contract; plus pass-through ORF (~$0.02/contract from Jul 2026) and SEC sell fees | $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees. |
| Bond Trading Available? | Yes (web only; net yield basis/markup) | Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs. |
| Receives payment for order flow (PFOF)? | Yes | Yes |
| Interface: Web trading? | Yes | Yes (SogoTrade Pro web platform and mobile app). |
| Desktop trading? | No | No |
| API Trading? | No | No |
| Mutual Funds: Offered? | Yes | Yes, broker-assisted only |
| Total Mutual Funds | 11,000+ | Not verified |
| NTF Mutual Funds | 11,000+ | None |
| Non-NTF Fund Fee | $0 online; $19.95 broker-assisted (no-load) | $25 broker-assisted |
| Early Redemption Fee? | No ($19.95 if held <90 days) | Not verified |
| Redemption Hold (Days) | 90 days | not applicable |
| Early Redemption Fee | $19.95 | not applicable |
| Accounts: Margin Accounts? | Yes (approval; $2,000 min assets; not IRAs/custodial/ESA) | Yes |
| IRAs Offered? | Yes (Traditional, Roth, SEP, SIMPLE, Rollover) | Yes |
| HSAs Offered? | No | No |
| Money Market Sweep? | Yes (FDIC sweep via Apex; 0.15%; not margin/SIMPLE IRA/ESA) | No |
| CDs Offered? | Yes (primary $30; secondary net yield) | No |
| Robo-Advisor: Offered | No | Yes |
| Robo-Advisor Service | N/A | Power Portfolios |
| Robo-Advisor Fees | N/A | 0.75% |
| Basics: Headquarters | Flushing, NY | New York, NY |
| Year Founded | 1985 | 1986 |
| Clearing Firm | Apex Clearing Corporation | Apex Clearing |
| Local Branches? | Yes (Flushing, NY HQ office, Mon-Fri 10am-4pm ET); no nationwide network | No |
| New Account Minimum | $0 | unavailable |
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