Overview
Sonder Group assumes a streamlined approach to online investing, targeting all types of traders and investors. The broker has increasingly innovated its product offerings, trading platforms, pricing and other practices to gain a broader appeal. Sonder Group now boasts robust asset classes, multiple trading platforms, competitive rates and excellent customer support. However, the broker also faces some potential constraints. For example, its platforms are inaccessible in some regions. Besides, the Sonder Group mobile app is still in the development stage.
Pros And Cons
Pros
- Robust product offerings
- Superior trade execution
- Competitive fees and spreads
- Excellent customer service
Cons
- Limited geographical coverage
- Mobile app is still in the development stage
Pros Explained
Robust Product Offerings
Sonder Group has a range of product offerings to meet the demands of different types of traders and investors. Their portfolio integrates an impressive mix of conventional assets, new asset classes as well as multiple fixed income investments.
Superior Trade Execution
Sonder Group uses an innovative trading technology to constantly track assets’ performance across various market centers and then, execute orders automatically at the best available prices.
Competitive Fees And Spreads
Sonder Group has lifted several common fees and commissions including minimum account deposits, checking fees and inactivity fees. It also supports zero commissions stock trading. Other fees and spreads apply but, they are well below the industry averages.
Excellent Customer Support
Sonder Group provides highly reliable customer support services via a dedicated toll-free phone line, email address, secure messaging center and chats. They also offer complementary educational materials on the FAQs page.
Cons Explained
Limited Geographical Coverage
Sonder Group currently supports trading in multiple stock markets, financial markets and exchanges worldwide. However, their services are still inaccessible in some regions.
Mobile App Is Still In The Development Stage
Although Sonder Group boasts multiple trading platforms, their mobile version is still yet to be released. It currently supports desktop and web versions only.
Trading Platforms and Technology
Sonder Group offers two highly responsive and intuitive trading platforms. Its desktop and web versions are user-friendly programs, with nearly similar tools and functionality. The almost similar features streamline the navigation and other trading activities for users. However, the desktop platform offers some tools not accessible on the web version.
The fundamental trading tools and functions accessible on Sonder Group’s desktop and web versions include stock screeners, mutual fund evaluators, calculators, multi-leg options, charting, trading idea generators, drawing tools, analytical tools, research, real-time data streaming, alerts and news.
Sonder Group’s smart order routing software is one of the highlights of their trading technology. The software tracks assets’ movements across various markets centers, based on prices. That ensures fast and efficient trade execution at the best available market prices. The technology is available on all Sonder Group’s trading platforms.
Range of Offerings
Sonder Group is an excellent brokerage for traders and investors who demand access to robust investment opportunities. The broker has one of the most comprehensive portfolios in the industry that features an incredible mix of conventional assets, new asset classes and several other products with fixed returns.
Here is a breakdown of the tradeable assets on Sonder Group
| Stocks | Forex | Crypto | Mutual Funds | Bonds |
| Options | ETFs | Futures | Commodities | CFDs |
Sonder Group provides long and short stocks and a wider selection of mutual funds, options, Exchange Traded Funds (ETFs), commodities and cryptocurrencies. Besides, it supports international trading, using more than 20 different currencies. Sonder Group continually adds new products to its portfolio, based on customer demand.
Costs
The trading costs on Sonder Group vary mainly according the asset classes, transaction volumes, your location and other services that you may acquire from the broker. However, their fees and margin interest rates are generally below the industry averages. Here are the key pointers about the costs on Sonder Group.
- No account minimums, account transfer and inactivity fees
- Commissions-free stock trading
- $1 per contract fee for options
- One free domestic wire transfer and check per month
Despite the relatively competitive fees and spreads on Sonder Group, you should check the comprehensive pricing schedule before placing any orders.
Our Take
Sonder Group excels with a wider selection of asset classes, access to global markets, intuitive trading platforms and competitive fees. It emphasizes comprehensive investment opportunities for beginners, passive investors and active traders. Nonetheless, you should carefully review your investment goals and risk threshold before joining Sonder Group.
