Updated September 28, 2026 · BrokerCue Editorial Team
Fidelity vs SogoTrade
What sets them apart
| Compare |  Fidelity |  SogoTrade |
|---|---|---|
| Minimum deposit | $0Lower | $500 |
| Markets | Stocks, ETFs, Options, Bonds, Funds, Futures, Forex | Stocks, ETFs, Options, Crypto, Bonds, Funds |
| Regulators | SEC, FINRA, SIPCCovers more | FINRA, SIPC |
| Margin rate | 12.375% | 9.75%Lower |
| Options contract fee | $0.65 | $0.50Lower |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Platforms | Not confirmed | SogoTrade NextGen, SogoOptions, Mobile app |
| Account types | IRA, Roth IRA, Joint | Not confirmed |
Same on both: Stock trade fee ($0), Investor protection (SIPC up to USD 500,000).
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Key differences
- Fidelity scores higher overall: 9.5 vs 9.3.
- Regulators: only Fidelity offers SEC.
- Minimum deposit is lower at Fidelity: $0 vs $500.
- Margin rate is lower at SogoTrade: 9.75% vs 12.375%.
- Options contract fee is lower at SogoTrade: $0.50 vs $0.65.
- Markets: only Fidelity offers Futures, Forex.
- Markets: only SogoTrade offers Crypto.
- Support channels: only Fidelity offers Community.
- Support channels: only SogoTrade offers Email, Chat.
- Features: only Fidelity offers Fractional shares, Demo account, Futures.
Our verdict on each
Fidelity
Fidelity is a US brokerage that suits investors who want to hold and trade without a standing charge: its minimum deposit, account fee and inactivity fee all sit at $0, $0 and $0. Stock dealing is commission-free, with SIPC protection recorded as SIPC up to USD 500,000.
SogoTrade
SogoTrade is a US broker for experienced traders who want share dealing without commission, plus options, crypto and margin in one account. Its catch is the entry cost: a minimum deposit of $500 and an options contract fee of $0.50 for anyone trading contracts.
Score breakdown
| Area | Fidelity | SogoTrade |
|---|---|---|
| Cost | 9.1HigherSite ranks it 1 of 138 on account fee and 1 of 161 on stock trade fee. | 8.8 |
| Offer | 9.5 | 9.5 |
| Trust | 9.8Higher | 9.5 |
Availability and regulation
| Country | Fidelity | SogoTrade |
|---|---|---|
| United States | SIPC SIPC member 23292 | SIPC SIPC member 35930 |
Available in 1 country for both.
Sources behind this comparison
Fidelity
- brokerage-review.com: 6 facts, checked September 26, 2026
- editorialge.com: 5 facts, checked September 26, 2026
- en.wikipedia.org: 4 facts, checked September 26, 2026
- fidelity.com: 1 fact, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
SogoTrade
- sogotrade.com: 13 facts, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
How they place
| Ranking | Fidelity | SogoTrade |
|---|---|---|
| Stock and ETF brokers | 37 of 490 | 72 of 490 |
| Options trading platforms | 9 of 103 | 25 of 103 |
| Margin trading brokers | 5 of 22 | 13 of 22 |
| Brokers for beginners | 12 of 88 | 27 of 88 |
Every fact side by side
| Fact | Fidelity | SogoTrade |
|---|---|---|
| Features | Fractional shares, Demo account, Mobile app, Crypto, Options, FuturesCovers more | Crypto, Options, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced | Experienced, Beginners |
| Legal entity | FIDELITY BROKERAGE SERVICES LLC | SOGOTRADE INC |
| Headquarters | United States | United States |
| Founded | 1946 | Not confirmed |
| Support channels | Phone, Community | Email, Chat, Phone |
Robo-advisors
| Fact | Fidelity | SogoTrade |
|---|---|---|
| Portfolio types | ETF, ESG, Crypto | Not confirmed |
Where each stands against the rest
| Fact | Fidelity | SogoTrade | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | $500highest quarter | $10 |
| Stock trade fee | $0at the median | $0at the median | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Margin rate | 12.375%highest quarter | 9.75%above the median | 8.79% |
| Options contract fee | $0.65above the median | $0.50below the median | $0.59 |
Median across 99 listed brokers.
Pros and cons
Fidelity
Pros
- Costs sit at the floor: stock trade fee $0, account fee $0, inactivity fee $0 and minimum deposit $0
- The client entity is listed on the SIPC register as SIPC member 23292, with protection recorded at SIPC up to USD 500,000
- Account types cover retirement and shared holdings: ira, roth ira and joint
Cons
- Support runs on phone and community only, so that list carries no chat or email channel
- Options contracts cost $0.65 each, the main charge where stock dealing is free
- Margin borrowing is priced at 12.375%, a cost on top of the free equity dealing
SogoTrade
Pros
- Share dealing is commission-free, with the model listed as commission free.
- A single account spans stocks, etfs and options.
- Registration with FINRA and SIPC and investor protection of SIPC up to USD 500,000.
Cons
- A minimum deposit of $500 places it at position 178 of 213 on the site.
- Options trading carries a contract fee of $0.50, so frequent contract traders pay a running cost on top of share dealing.
- Margin is priced at 9.75%, so borrowed positions cost more than cash ones.
Who each suits
Fidelity
Who it suits
- Retirement savers, since ira, roth ira and joint are all listed as account types
- Buyers investing small amounts, as fractional shares sit in fractional shares, demo account and mobile app
- Traders who want stocks, bonds, funds, options, futures and forex in one place, as stocks, etfs and options shows
Who should look elsewhere
- Traders who want CFDs, since stocks, etfs and options leaves them out and CFI lists stocks, etfs and forex
- Anyone who prefers a required opening deposit, since $0 sets none where Vantage asks $5
SogoTrade
Who it suits
- Traders comfortable with options and margin, since crypto, options and mobile app sits alongside core share dealing.
- US accounts, since the firm is based in the United States.
- People who want one login across SogoTrade NextGen, SogoOptions and mobile app.
Who should look elsewhere
- CFI if a free minimum deposit matters, because CFI asks for $0 against $500 here.
- Vantage if you want to start small, with a minimum deposit of $5.
- eToro if you trade forex and CFDs, since stocks, etfs and forex lists markets outside the SogoTrade range.
Country by country
| Country | Fidelity | SogoTrade |
|---|---|---|
| United States | Yes | Yes |
Questions about each
Fidelity
What does it cost to trade stocks at Fidelity?+
Stock dealing is commission-free, with a stock trade fee of $0. The account fee is $0 and the minimum deposit is $0, so there is no standing charge to hold the account. Options contracts are the exception, at $0.65 each.
Is there an inactivity fee if I stop trading?+
The inactivity fee is $0, so an idle account is not charged for sitting still. On the site it ranks 1 of 56 brands measured for that fee. With the account fee at $0, a dormant account carries no listed running cost.
SogoTrade
What does SogoTrade charge to trade shares?+
Stock trades are priced at $0 under a commission free model, so share dealing carries no commission. You still need a minimum deposit of $500 before orders can be placed. Charges beyond that sit on options, at $0.50 per contract, and on margin, at 9.75%.
How much is the minimum deposit?+
Opening the account takes a minimum deposit of $500, which is far from a casual entry and places SogoTrade at position 178 of 213 on the site. Traders wanting a lighter start can compare $0 at CFI and $5 at Vantage.
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