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

Robinhood 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: Robinhood vs SogoTrade (2026)
Feature Robinhood SogoTrade
Website https://robinhood.com/ https://www.sogotrade.com/
Broker Type Online discount brokerage (mobile app, web, Legend) Discount (online self-directed)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 commissions (SEC/FINRA sell fees may apply) $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC
Fractional Shares? Yes ($1 min; most NMS stocks/ETFs) No
Percent Allocations? No No
Crypto Trading? Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI) Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction).
Crypto Fees MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees Greater of $1 or 1% of trade value (Bakkt); other account fees may apply.
Options Trading? Yes Yes.
Options Fee $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees.
Bond Trading Available? No (individual bonds/fixed-income not supported; bond ETFs/CEFs available) Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs.
Receives payment for order flow (PFOF)? Yes (receives PFOF/rebates from market makers for equities, options, and crypto) Yes
Interface: Web trading? Yes (web including Legend browser platform; iOS/Android mobile apps) Yes (SogoTrade Pro web platform and mobile app).
Desktop trading? No; Robinhood Legend is a free browser-based (web) platform, not downloadable. No
API Trading? Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API. No
Mutual Funds: Offered? No Yes, broker-assisted only
Total Mutual Funds 0 Not verified
NTF Mutual Funds 0 None
Non-NTF Fund Fee N/A $25 broker-assisted
Early Redemption Fee? N/A Not verified
Redemption Hold (Days) N/A not applicable
Early Redemption Fee N/A not applicable
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes (Traditional and Roth; no SEP) Yes
HSAs Offered? No No
Money Market Sweep? Yes No
CDs Offered? No No
Robo-Advisor: Offered Yes (Robinhood Strategies hybrid managed portfolios) Yes
Robo-Advisor Service Robinhood Strategies Power Portfolios
Robo-Advisor Fees 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra. 0.75%
Basics: Headquarters Menlo Park, CA New York, NY
Year Founded 2013 1986
Clearing Firm Robinhood Securities, LLC Apex Clearing
Local Branches? No No
New Account Minimum $0 unavailable

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