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  SogoTrade Online Stock Brokerage

Best Of Product

SogoTrade Online Stock Brokerage
in Brokerages from SogoTrade
Unaffiliated

SogoTrade Online Stock Brokerage

Unaffiliated
in Brokerages from SogoTrade
Net Recommendation Score +67  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +67, equating to 4.3 on a 5 point rating scale.

+67

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.

Rating not yet determined  

2 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating

Rating not yet determined  
Online Trade Fee 2.88 - 4.88
Minimum Initial Investment $0
Broker Assisted Trading Fee Starting at $25

SogoTrade Online Stock Brokerage Review

SogoTrade Online Stock Brokerage is offered by SogoTrade, founded in 1986 and based in New York City, NY.

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.

SogoTrade Online Stock Brokerage FAQ

What assets can you invest in on SogoTrade Online Stock Brokerage?

The Good The Bad
  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • Cryptocurrencies
  • FOREX
  • Futures
  • International Stocks
  • Pink Sheets / OTCBB
  • Real Estate
  • Marketplace Loans
  • Startups
  • Treasury Bills

What trading fees does SogoTrade Online Stock Brokerage charge?

The online trading fees for SogoTrade Online Stock Brokerage are below the average ($8.90) for online brokerages. However, there are other fees to consider.

SogoTrade Online Stock Brokerage 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 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 4.5% up to 9.25%.

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.

SogoTrade Online Stock Brokerage Brokerage Features
Supported Options Unsupported Options
  • Broker Assisted Trades
  • Trading Platform
  • 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 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.

SogoTrade Online Stock Brokerage 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
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Message From SogoTrade Online Stock Brokerage

We have one goal: To show you how options can unlock investment opportunities for everyone. SogoPlay guides investors of all experience levels through the risk and rewards of options trading using clear, concise language that anyone can understand. All you need to do is sign up and as an existing customer you will receive complimentary access to SogoPlay. Mixing uncolored technical and fundamental analysis together to produce Option & Equity trade scores that can assist in helping traders invest wisely. Robust tools that make options understandable for novice traders. Taking the complexity out of finding the trade that is right for you. Compare any three trading ideas for any stock. Straightforward display of risk and reward evaluation, probability of profit and breakeven prices. Use our unique strategy checklist to confirm your own trade ideas.

Contact

About SogoTrade Online Stock Brokerage

View SogoTrade Profile

Feature Breakdown

IRA Annual Fee Starting at $35
IRA Closure Fee $60
Paper Statement Fee $10
Returned Deposit Fee (Domestic) $35
Returned Deposit Fee (International) $35
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $50
Minimum Initial Investment $0
Minimum Margin Account $2,000
Automated Trading Strategy
Brokerage Features
  • Mobile Trading
  • Online Banking
Dividend Reinvestment
Investment Choices
  • Stocks
  • Options
  • Mutual Funds
  • Bonds
Research Tools
  • Stocks
  • SEC Filings
  • ETF Top 10 Holdings
Research and Reports
Investor Type
  • Beginner Traders
  • Advanced Traders
  • Frequent Traders
  • High Balance Investors
Online Trade Fee 2.88 - 4.88
Bond Trade Fee $2.88 - $4.88
ETF Trades Starting at $15
Margin Rate 4.5% - 9.25%
Broker Assisted Trading Fee Starting at $25

SogoTrade Online Stock Brokerage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +67, equating to 4.3 on a 5 point rating scale.

+67

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.

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