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Ratings

Overall Star Star
Commissions & Fees Star Star Star Star
Customer Service Star Star
Platform & Tools Star Star
Research Star Star
Ease of Use Star Star
Investment Offering Star Star Star
Education Star Star
Mobile Trading Star

Trade Commissions

Equity Trades* $3.00
Options Fee* $5.00
Options Contract* $0.50
Mutual Fund $15.00
Broker Assisted* $25.00
Minimum Deposit $500.00
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Highlights

  1. 100 Free Trades when you open a new Sogotrade Account.
  2. $100 Account Transfer refund when you move your account to Sogotrade.
  3. Offers three trade platforms: SogoTrade, SogoElite, & Laser.

Account Features

  • Virtual Trading
  • No Minimum Deposit
  • No Maintenance Fees
  • No-Fee IRAs
  • Online Trader Community
  • Investment Education

Mobile Trading

  • iPhone App
  • iPad App
  • BlackBerry App
  • Android App
  • Mobile Site

Customer Service

  • Phone Support
  • Email Support
  • Live Chat Support
  • Retail Locations
  • 24/7 Customer Support

Trade Types

  • Stock Trading
  • Options Trading
  • Mutual Funds
  • FOREX Trading
  • Futures Trading

Recommended For

  • Discounted Trading
  • Long Term Trading
  • Options Trading
  • Active Trading
  • International Trading

SogoTrade Review

Broker Review

 

Likes - Discounted commissions for stocks.

Dislikes - Does not offer mutual funds trading; extra charges for after-hours trading; pricey options assignment fees; real-time streaming stock quotes not platform wide.

Bottom Line - SogoTrade limits itself by only supporting stocks and options trading and has little to offer for the average investor beyond discounted stock trades.

Our SogoTrade review provides trade platform screenshots, detailed commissions information, and online broker ratings. Also discover how SogoTrade placed in the most recent StockBrokers.com 2012 Review of Online Brokers as well as the 2012 Barron’s Review of Online Brokers and 2011 SmartMoney Broker Review.

Commission Notes

SogoTrade full commissions schedule breakdown below.

Stock Trades - All market and limit order stock trades are $3 per trade for up to 100,000 shares. For stocks priced under $1.00, the online commission is $3 plus .5% of the principal value. Broker assisted trades are $25. After hours trades are $3 + $.005 per share.

Options Trades - Options trades cost $5.00 plus $.50 per contract. Any exercise or assignment costs $15.

Mutual Funds - Mutual funds are available for $15 per trade unless otherwise noted and must be placed via phone.

Other Investments - SogoTrade does not currently offer futures, bonds, or forex trading.

SogoTrade was reviewed by StockBrokers.com on 2012-02-27 with an overall rating of 2 Stars.

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