| Community Rating |
Rating not yet determined |
| Online Trade | $2.88 - $4.88 |
| Minimum to Open Account | $0 |
| Margin Rate | 6.25% - 11% |
| Broker Assisted Trading Fee | Starting at $25 |
SogoTrade Online Stock Brokerage Review
Where is SogoTrade Online Stock Brokerage based?
SogoTrade Online Stock Brokerage is a brokerage based in New York City, NY. Founded in 1986, SogoTrade Online Stock Brokerage 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 Online Stock Brokerage?
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What trading fees does SogoTrade Online Stock Brokerage charge?
The online trading fees of SogoTrade Online Stock Brokerage are below the average ($8.90) for online brokerages. However, there are other fees to consider.
| 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 Online Stock Brokerage 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 Online Stock Brokerage offers investors this service but the minimum amount is $2,000.
What margin rates does SogoTrade Online Stock Brokerage offer?
SogoTrade Online Stock Brokerage offers a margin rate that ranges from 6.25% up to 11%.
What brokerage features does SogoTrade Online Stock Brokerage offer?
SogoTrade Online Stock Brokerage is not a particularly feature-rich brokerage. It only offers 3 of the 20 we track.
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What research tools does SogoTrade Online Stock Brokerage offer investors?
SogoTrade Online Stock Brokerage does not provide its users with a wide selection of research tools. It only includes 3 of the 15 research tools we track.
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Contact
- Headquarters
-
11 Broadway,
Suite 514
New York City, NY 10004 USA - (888) 709-7646
- Visit Site
About SogoTrade Online Stock Brokerage
Feature Breakdown
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Bond Trade Fee | $2.88 - $4.88 |
| ETF Trades | Starting at $15 |
| IRA Annual Fee | Starting at $35 |
| IRA Closure Fee | $60 |
| Online Trade | $2.88 - $4.88 |
| Paper Statement Fee | $10 |
| Returned Deposit Fee (Domestic) | $35 |
| Returned Deposit Fee (International) | $35 |
| Wire Transfer Fee - Domestic (Outgoing) | $25 |
| Wire Transfer Fee - International (Outgoing) | $50 |
| Margin Rate | 6.25% - 11% |
| Broker Assisted Trading Fee | Starting at $25 |
