Question

What is SogoTrade?

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Answer

SogoTrade,Inc. is your broker dealer. Our goal is to offer the lowest commission prices, the fastest executions, the friendliest customer service, and the most advanced trading technology in order to create the most value for its clients.

 With our proprietary trading center, active traders benefit from our rapid and easy-to-use order entry center which will allow you to place, track, cancel, and adjust orders all with just one click.

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Question

Is my brokerage account insured and protected?

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Answer

SogoTrade,Inc.is a member of the Securities Investor Protection Corporation (SIPC). Funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org

Our clearing firm Apex has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

Question

What advantages does SogoTrade,Inc. offer?

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Answer

Online stock and ETF trades for as low as $2.88*. Online option trades for as low as $2.88* plus 50¢ per contract.
SogoTrade’s goal is to combine low commissions, fast execution, friendly service and advanced technology to create the best value for our customers. Paying low commissions is essential for both active traders and long-term investors. SogoTrade’s pricing not only allows you to save in costs, it also allows you to take advantage of smaller market movements. With online stock trades as low as $2.88 and no hidden account inactivity or account minimum fees, it’s easy to see why Forbes magazine calls SogoTrade "The Deepest Discount Broker."

*For more detail, please visit Commission, Rate and Fees page.

Free electronic (ACH) deposits and withdrawals
Deposits and withdrawals to and from your SogoTrade account are free and easy. Simply link an external checking account and you are ready to initiate transfers online.

Question

How much does it cost?

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Answer

There is no minimum deposit required. However, if purchasing stock priced below $1 per share, the minimum investment permitted is $100.  At SogoTrade, we have some of the lowest stock trading fees in the Industry. Not only stock trading fees, but also some of the lowest options trading fees and margin interest rates, as well. Our low fees are just one of the reasons you will see how much we value your business, please click here to see our current commission, rates and fees schedule.

Question

What types of accounts can I open with SogoTrade,Inc.?

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Answer

The following account types are offered:

Question

How do I get started?

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Answer

It’s easy to start. Just open an account, fund your account and start trading.

Open an Account
SogoTrade offers margin and option accounts for individuals, joint account holders and businesses. Complete an individual or joint account application online. The online application takes less than 5 minutes to complete. To open a business account, complete a business account application form

Fund Your Account
Once your account is activated, you can fund your account by wire transfer,Visit our Move Money page for instructions on each method.

Start Trading
Learn about stock, ETF and option trading through articles on SogoTrade’s Knowledge Center .Research stock ideas on our stock research center, powered by Dow Jones, Place a stock trade on our stock trading center or an option trade on our options trading center.