| 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 (37) |
|---|
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
|
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
|
stay away
I've had an active account at Sogotrade for several months. At first it was OK, but they have developed some serious current problems as of May 6, 2009. Their customer service has taken a nosedive....more
|
