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  SogoTrade

SogoTrade

in Brokerages from SogoTrade

Unaffiliated

SogoTrade

Unaffiliated

in Brokerages from SogoTrade

SuperMoney Net Recommendation Score +50% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly recommended

1 user recommends
1 user is unsure
0 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Online Trade $2.88 - $4.88
Minimum to Open Account $0
Margin Rate 6.25% - 11%
Broker Assisted Trading Fee Starting at $25

SogoTrade Review

Where is SogoTrade based?

SogoTrade is a brokerage based in New York City, NY. Founded in 1986, SogoTrade is a good option for experienced traders who require additional research tools and more advanced reports.

This brokerage is a good choice for frequent traders who are looking for a fast platform with low costs that includes tools designed for day traders.

What assets can you invest in with SogoTrade?

SogoTrade Investment Options
Supported Options Unsupported Options
  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • Cryptocurrencies
  • FOREX
  • Futures
  • International Stocks
  • Pink Sheets / OTCBB
  • Real Estate
  • Marketplace Loans
  • Startups
  • What trading fees does SogoTrade charge?

    The online trading fees of SogoTrade are below the average ($8.90) for online brokerages. However, there are other fees to consider.
    SogoTrade Fees
    Trading Fees Amount
    Online Trade Fee $2.88
    Broker Assisted Trading Fee $25
    Bond Trade Fee $2.88
    ETF Trade $15
    Returned Deposit Fee (International) $35
    Outgoing International Bank Transfer Fee $50

    How much do you have to invest to open an account?

    SogoTrade does not have a minimum amount to start an account.

    What is the minimum amount to open a margin account?

    A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. SogoTrade offers investors this service but the minimum amount is $2,000.

    What margin rates does SogoTrade offer?

    SogoTrade offers a margin rate that ranges from 6.25% up to 11%.

    What brokerage features does SogoTrade offer?

    SogoTrade is not a particularly feature-rich brokerage. It only offers 3 of the 20 we track.
    SogoTrade Brokerage Features
    Supported Options Unsupported Options
  • Broker Assisted Trades
  • Stocks
  • No Fee IRAs
  • No-Commission ETFs
  • Retail Locations
  • Advisor Services
  • Declines Payment for Order Flow (Equities)
  • Declines Payment for Order Flow (Options)
  • Dividend Reinvestment
  • Automated Trading Strategy
  • Online Live Chat
  • Real Time Quotes
  • Automated Trading Strategy
  • Account Transfer Fee Reimbursement
  • 24/7 Support
  • What research tools does SogoTrade offer investors?

    SogoTrade does not provide its users with a wide selection of research tools. It only includes 3 of the 15 research tools we track.
    SogoTrade Research Tools
    Supported Options Unsupported Options
  • ETF Top 10 Holdings
  • SEC Filings
  • Fund Prospectus Access
  • Global Markets Analysis
  • Historical Performance Analysis
  • Insider Transactions
  • Live Seminars
  • Mutual Bonds Analysis
  • Mutual Funds Analysis
  • Past Earnings Reports
  • Portfolio Allocation
  • Social Sentiment Analysis
  • Stock Metric Comparisons
  • Account Transfer Fee Reimbursement
  • Webinars
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    About SogoTrade

    Feature Breakdown

    Wire Transfer Fee - International (Incoming) $0
    Wire Transfer Fee - Domestic (Incoming) $0
    Online Trade $2.88 - $4.88
    Paper Statement Fee $10
    Returned Deposit Fee (Domestic) $35
    Wire Transfer Fee - Domestic (Outgoing) $25
    Wire Transfer Fee - International (Outgoing) $50
    Returned Deposit Fee (International) $35
    Bond Trade Fee $2.88 - $4.88
    IRA Annual Fee Starting at $35
    IRA Closure Fee $60
    ETF Trades Starting at $15
    Margin Rate 6.25% - 11%
    Broker Assisted Trading Fee Starting at $25
    Minimum to Open Account $0
    Minimum Margin Account $2,000
    Research and Reports  
    Dividend Reinvestment  
    Automated Trading Strategy  
    Brokerage Features
    • Email Support
    • Mobile Trading
    • Online Banking
    Research Tools
    • ETF Top 10 Holdings
    • SEC Filings
    • Stocks
    Investor Type
    • Beginner Traders
    • Advanced Traders
    • Frequent Traders
    • High Balance Investors

    SogoTrade Community Reviews

     
     

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