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

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

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