Tradestation vs SogoTrade Comparison: Fees, Features, and More (2026)
Tradestation 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.
| Feature | Tradestation | SogoTrade |
|---|---|---|
| Website | https://www.tradestation.com/ | https://www.sogotrade.com/ |
| Broker Type | Discount | Discount (online self-directed) |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0; routing/clearing fees may apply | $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC |
| Fractional Shares? | No | No |
| Percent Allocations? | No | No |
| Crypto Trading? | Yes | Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction). |
| Crypto Fees | Tiered maker/taker pricing based on account balance | Greater of $1 or 1% of trade value (Bakkt); other account fees may apply. |
| Options Trading? | Yes | Yes. |
| Options Fee | $0.80/contract standard tier; $0.40/contract multi-leg | $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees. |
| Bond Trading Available? | Yes; Treasuries, corporate, and municipal bonds | Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs. |
| Receives payment for order flow (PFOF)? | Yes | Yes |
| Interface: Web trading? | Yes | Yes (SogoTrade Pro web platform and mobile app). |
| Desktop trading? | Yes; TradeStation Desktop/Web/Mobile | No |
| API Trading? | Yes; TradeStation WebAPI and FIX APIs | No |
| Mutual Funds: Offered? | Yes | Yes, broker-assisted only |
| Total Mutual Funds | Over 2,000 | Not verified |
| NTF Mutual Funds | Not publicly stated | None |
| Non-NTF Fund Fee | $14.95 | $25 broker-assisted |
| Early Redemption Fee? | Varies by fund | Not verified |
| Redemption Hold (Days) | Fund-specific | not applicable |
| Early Redemption Fee | Fund-specific | not applicable |
| Accounts: Margin Accounts? | Yes | Yes |
| IRAs Offered? | Yes; Traditional, Roth, SEP, SIMPLE, and Rollover | Yes |
| HSAs Offered? | No | No |
| Money Market Sweep? | No | No |
| CDs Offered? | No | No |
| Robo-Advisor: Offered | No | Yes |
| Robo-Advisor Service | None | Power Portfolios |
| Robo-Advisor Fees | Not applicable | 0.75% |
| Basics: Headquarters | Plantation, FL | New York, NY |
| Year Founded | 1982 | 1986 |
| Clearing Firm | TradeStation Securities, Inc. (self-clearing) | Apex Clearing |
| Local Branches? | No; corporate offices only | No |
| New Account Minimum | unavailable |
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