Interactive Brokers vs SogoTrade Comparison: Fees, Features, and More (2026)

Interactive Brokers 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.

Head-to-Head Comparison: Interactive Brokers vs SogoTrade (2026)
Feature Interactive Brokers SogoTrade
Website https://www.interactivebrokers.com/ https://www.sogotrade.com/
Broker Type Self-directed online discount broker Discount (online self-directed)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission IBKR Lite: $0 US-listed stocks/ETFs (US residents); IBKR Pro: $0.005/share fixed (min $1) or $0.0005–$0.0035/share tiered (min $0.35) $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC
Fractional Shares? Yes (eligible US/CA/EU stocks & ETFs, from $1) No
Percent Allocations? Yes (TWS Rebalance Portfolio sets custom target %) No
Crypto Trading? Yes (spot crypto via Paxos/Zero Hash for eligible US IB LLC clients; permissions required; also futures/ETPs) Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction).
Crypto Fees 0.12%–0.18% of trade value (monthly volume tiers), USD 1.75 min/order (capped at 1% of value); no added spreads/markups/custody fees; possible $0.15/mo Paxos fee Greater of $1 or 1% of trade value (Bakkt); other account fees may apply.
Options Trading? Yes Yes.
Options Fee US: Lite $0.65/contract ($1 min; Pro rates after 1k contracts/mo); Pro $0.15–$0.65/contract (volume/premium tiers), $1 min/order + exchange/reg/clearing fees $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees.
Bond Trading Available? Yes (US Treasuries, corporates, munis, CDs, 1M+ global bonds) Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs.
Receives payment for order flow (PFOF)? Sometimes (Lite receives PFOF on US stocks/options; Pro generally avoids via SmartRouting) Yes
Interface: Web trading? Yes (Client Portal web; IBKR Mobile and GlobalTrader apps) Yes (SogoTrade Pro web platform and mobile app).
Desktop trading? Yes; Trader Workstation (TWS) and IBKR Desktop. No
API Trading? Yes; TWS API and Web API for retail algorithmic trading. No
Mutual Funds: Offered? Yes Yes, broker-assisted only
Total Mutual Funds 50,000+ Not verified
NTF Mutual Funds 20,000+ None
Non-NTF Fund Fee Lesser of 3% of trade value or USD 14.95 per transaction (US). $25 broker-assisted
Early Redemption Fee? Yes (no IBKR fee); fund companies may charge per prospectus. Not verified
Redemption Hold (Days) None by IBKR (0 days); fund prospectus may impose. not applicable
Early Redemption Fee $0 from IBKR; funds may charge per prospectus. not applicable
Accounts: Margin Accounts? Yes (Cash, Margin, or Portfolio Margin; typically $2,000 equity for margin). Yes
IRAs Offered? Yes (Traditional, Roth, SEP, SIMPLE, Inherited, Rollover). Yes
HSAs Offered? No No
Money Market Sweep? Yes (Insured Bank Deposit Sweep Program). No
CDs Offered? Yes (brokered CDs). No
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service Interactive Advisors Power Portfolios
Robo-Advisor Fees 0.10%–0.75% AUM/year (varies by portfolio; IA 0.10%–0.20%, managers 0.25%–0.75%); no commissions 0.75%
Basics: Headquarters Greenwich, CT New York, NY
Year Founded 1977 1986
Clearing Firm Self-clearing Apex Clearing
Local Branches? No No
New Account Minimum $0 unavailable

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