Comparing Ameritrade Izone and Sogoinvest
Ameritrade Izone and Sogoinvest are two discount brokerages that I have accounts with. Both offer very low commissions, and this makes them very good candidates for investors who prefer to invest in ETFs rather than mutual funds. I compare these two brokerages because to me, they are good substitute products for each other. The following is the comparison table based on the factors that are important to me:
[Table revised 9/16/2006. To view the old table, click on the link below]
It is difficult to decide at this point which is better, especially when Sogoinvest is very new and still improving on its offering; although I must say that I am not particularly thrilled with Sogoinvest’s ACH and margin interest accruing timeline. I have already written comments about these in my previous Sogoinvest experience posts [1] [2].
Stumble it!
August 29th, 2006 at 3:53 pm
[...] I added a post comparing Sogoinvest with Ameritrade Izone HERE. [...]
September 9th, 2006 at 8:36 pm
Very nice comparison! I found this page via the FatWallet forums.
Do you have a post where you do the same comparison for ALL brokers?
-Mike
September 9th, 2006 at 11:49 pm
Thanks Mike. I only compare these two brokers though because I have actual experiences with them.
September 13th, 2006 at 12:46 pm
[...] I added a post comparing Sogoinvest with Ameritrade Izone HERE. [...]
April 19th, 2007 at 9:20 am
ACAT out from Sogoinvest is no longer free; they have added a $50 fee.