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Broker Comparison

Acorns vs SogoTrade

Compare Acorns and SogoTrade side by side: fees, regulation, platforms.

Acorns

Acorns

Hands-off investors who want automated ETF portfolios

Acorns is an automated saving and investing app with ETF portfolios, Round-Ups, retirement accounts, and pric…

VS
SogoTrade

SogoTrade

Active self-directed stock and options traders

SogoTrade is an online broker for stocks, ETFs, options and crypto, with qualified limit-order rebates and we…

Head-to-head comparison

Acorns vs SogoTrade
Feature Acorns SogoTrade
Minimum deposit No minimum opening deposit or minimum balance required for Mighty Oak and Emergency Savings banking services No minimum deposit required
Stock trading fee No commissions —
Regulators SEC, FINRA FINRA
Best for Hands-off investors who want automated ETF portfolios Active self-directed stock and options traders
Markets & account
Stocks
ETFs
Crypto
—
Bonds
—
Options
—
Investment Plans
—
Ready Made Portfolios
Funds
—
Margin
—
Business Account
—

Pros & cons

Acorns

Acorns

Pros

  • Round-Ups invest spare change once it reaches at least $5
  • Automatic rebalancing keeps Base portfolio allocations on track
  • Dividends are automatically reinvested
  • No hidden costs, transaction fees, or commissions stated
  • Checking has no overdraft, maintenance, or AllPoint ATM fees
  • Gold adds individual stocks and ETFs to Custom Portfolios
  • SIPC protection up to $500,000 for Invest, Later and Early

Cons

  • Lowest listed subscription is $3/mo.
  • Gold costs $12/mo. for the full suite
  • Custom Portfolios are available only to Gold customers
  • Acorns Early Invest is a Gold subscription exclusive
  • Money Manager is available with Acorns Gold
  • No direct Bitcoin access; exposure is through BITO ETF
  • Investment products are not FDIC insured or bank guaranteed
SogoTrade

SogoTrade

Pros

  • $0 qualified limit orders can reduce stock and ETF trading costs
  • Qualified limit orders can earn $1.00 per 1000 shares
  • $0 options commission with a 50¢ contract fee
  • ACH transfers are available with no SogoTrade charge
  • SogoTrade Pro syncs alerts and watchlists with Web Trader
  • Copy trading lets users replicate trades in the social app
  • ACAT transfers of $10,000+ may be reimbursed up to $100

Cons

  • Market orders cost $2.88
  • Penny stocks add $0.0003/share or 0.25% principal fee
  • Crypto trades cost the greater of $1 or 1%
  • Outgoing domestic wires cost $25 and international wires cost $50
  • Regular mailed withdrawal checks cost $5
  • ACH-funded withdrawals can face a restriction of up to 60 days
  • Options level 4 or higher requires $5,000 minimum equity
  • SIPC and Apex excess insurance do not cover crypto transactions
Acorns

Acorns

Acorns is an automated saving and investing app with ETF portfolios, Round-Ups, retirement accounts, and pricing from $3/mo.

Visit Acorns Read review

Your capital is at risk. Other fees apply.

SogoTrade

SogoTrade

SogoTrade is an online broker for stocks, ETFs, options and crypto, with qualified limit-order rebates and web/mobile trading platforms.

Visit SogoTrade Read review

Your capital is at risk. Other fees apply.

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