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

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