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

ZacksTrade 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: ZacksTrade vs SogoTrade (2026)
Feature ZacksTrade SogoTrade
Website https://www.zackstrade.com/ https://www.sogotrade.com/
Broker Type Discount Discount (online self-directed)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0.01 per share (minimum $1); 1% of trade value below $1/share $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC
Fractional Shares? No No
Percent Allocations? Yes; Rebalance Portfolio No
Crypto Trading? No Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction).
Crypto Fees Not applicable Greater of $1 or 1% of trade value (Bakkt); other account fees may apply.
Options Trading? Yes Yes.
Options Fee $1 for first contract + $0.75 per additional $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees.
Bond Trading Available? Yes; corporate and government 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; Zacks Trade Pro/Client Portal/app No
API Trading? No No
Mutual Funds: Offered? Yes Yes, broker-assisted only
Total Mutual Funds Not publicly stated Not verified
NTF Mutual Funds Not publicly stated None
Non-NTF Fund Fee $27.50 $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, 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 Chicago, IL New York, NY
Year Founded 2013 1986
Clearing Firm Interactive Brokers LLC Apex Clearing
Local Branches? No; online broker No
New Account Minimum $0 unavailable

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