| Asset class | Details |
|---|---|
U.S. Stocks |
NYSE, AMEX, NASDAQ Listed Stocks |
| Order method | Cost per trade |
|---|---|
Online |
$3.00 |
Broker-assisted |
$27.00 |
Minimum Balance (Cash) |
$500 |
Cash Interest |
Up to 0.50% |
| Margin balance | Margin Rate |
|---|---|
$0.01 - $9,999.99 |
7.25% |
$10,000.00 - $49,999.99 |
7.00% |
$50,000.00 - $99,999.99 |
6.00% |
$100,000.00 - $149,999.99 |
5.75% |
$150,000.00 - $249,999.99 |
5.75% |
$250,000.00 - $499,999.99 |
5.50% |
$500,000.00 - $999,999.99 |
5.00% |
$1,000,000.00 and above |
4.50% |
| Tools | Service Features | Trade Features |
|---|---|---|
|
|
Electronic confirmation |
No Charge |
Electronic statement |
No Charge |
Monthly statements and confirmations (hardcopy) |
$5.00 |
Duplicate historical confirmation |
$5.00 |
Duplicate historical statement |
$5.00 |
Overnight delivery |
$20.00 |
Broker Assisted Trade |
$27.00 |
Margin Sellout |
$27.00 |
Returned ACH (Electronic Transfer) |
$25.00 |
Returned Checks |
$20.00 |
Wire funds out domestic / International |
$20.00/$40.00 |
Voluntary reorganizations |
$25.00 |
Legal items |
$25.00 |
Certificate delivered out / Reregistered |
$50 plus direct cost |
Regulatory Transaction Fee |
$.00056 per $100 of sales proceeds |
Transfer(ACAT) out |
$50.00 |
Transfer(ACAT) in |
No Charge |
Internal Transfer |
$10.00 |
Account closing |
No Charge |
Online confirmations and statements |
No Charge |
| Contact Information | |||
|---|---|---|---|
| Mailing Address | SogoTrade 50 Broad Street, 2nd Floor New York, NY 10004 |
Phone Phone Hours |
1 888-818-SOGO 1 888-818-7646 Business Hours: Monday through Friday (excluding stock exchange holidays) from 8:00 am to 7:30 pm Eastern Standard Time. |
| Website | www.sogotrade.com |
Fax | 212-825-6970 |
| SOGOTRADE Reviews (22) |
|---|
Sogotrade Review
Great value broker. Lengthy sign up procedure, but I suppose that's pretty standard. A bit lacking in technical analysis features, but who uses their broker for that anyway. Fast order execution....more
|
You get what you pay for
Good -
-Dirt cheap trades
-Good customer service
-Solid help system for absolute beginners
Bad -
-I have needed to use customer service more than a couple of times.
- No extended hours...more
|
Cheap but can be a pain
The prices cannot be beat. The problems I have though include the setting up of the account, which is a lengthy process. Also, they herald the speed of their transactions, but I had cases where I put...more
|
