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

SogoTrade and Alpaca 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: SogoTrade vs Alpaca (2026)
Feature SogoTrade Alpaca
Website https://www.sogotrade.com/ https://alpaca.markets/
Broker Type Discount (online self-directed) API-first self-clearing broker-dealer (Trading API for retail/algo; web dashboard available)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC $0 commission (retail US stocks/ETFs); plus SEC/FINRA/CAT fees. Elite Smart Router: $0.0005–$0.004/share
Fractional Shares? No Yes (from $1 notional; 2,000+ US equities)
Percent Allocations? No Yes, via API
Crypto Trading? Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction). Yes (most US states via API/dashboard; 24/7)
Crypto Fees Greater of $1 or 1% of trade value (Bakkt); other account fees may apply. Maker/taker 0.15%/0.25% (under $100k 30d vol) to 0%/0.10% ($100M+); on received asset
Options Trading? Yes. Yes (Levels 1-3 equity/ETF; index options live)
Options Fee $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees. $0 commission retail equity/ETF options; index $0.50/contract + ORF/OCC/exchange pass-throughs
Bond Trading Available? Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs. No (Broker API partners only; not Trading API/dashboard retail)
Receives payment for order flow (PFOF)? Yes Yes (receives PFOF rebates)
Interface: Web trading? Yes (SogoTrade Pro web platform and mobile app). Yes web dashboard; no official mobile app (third-party/TradingView yes)
Desktop trading? No No
API Trading? No Yes (Alpaca Trading API)
Mutual Funds: Offered? Yes, broker-assisted only No
Total Mutual Funds Not verified None
NTF Mutual Funds None None
Non-NTF Fund Fee $25 broker-assisted N/A
Early Redemption Fee? Not verified N/A
Redemption Hold (Days) not applicable N/A
Early Redemption Fee not applicable N/A
Accounts: Margin Accounts? Yes Yes; all accounts opened as margin (limited margin if equity under $2,000).
IRAs Offered? Yes Yes; Traditional and Roth IRAs for US tax residents (Trading API). SEP-IRA in agreements.
HSAs Offered? No No
Money Market Sweep? No Yes; opt-in FDIC Bank Sweep/High-Yield Cash for uninvested cash (variable APY, up to $1M FDIC).
CDs Offered? No No
Robo-Advisor: Offered Yes No
Robo-Advisor Service Power Portfolios N/A
Robo-Advisor Fees 0.75% N/A
Basics: Headquarters New York, NY San Mateo, CA
Year Founded 1986 2015
Clearing Firm Apex Clearing Self-clearing (Alpaca Clearing)
Local Branches? No No
New Account Minimum unavailable $0

Once you’ve chosen a broker, find high-performing, investable model portfolios at RecipeInvesting.com


Picked a Broker? Now Build Your Perfect Portfolio

Find high-performing, investable model portfolios (Tactical, Strategic, and Managed) at RecipeInvesting.com.

Get FREE Access
Recipe Investing Logo

Compare SogoTrade to All Brokers