SogoTrade review

3-star brokerage firm rating

Sogotrade Fees Schedule, IRA Accounts Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2016

Sogotrade Fees, Trading Commission Structure, and Investment Products

Stocks and ETFs $5 if making 0 - 149 trades per quarter; $3 if making 150+ trades per quarter
Stocks and ETFs broker assisted $25
Options $5 + $0.50 per contract
Options broker assisted $25 + $0.50 per contract
Options exercise/assignment $15

Investments stocks, options, ETFs
Sogotrade minimum deposit to open account $0 cash account, $2,000 margin account

Sogotrade Margin Interest Rates

Debit Balance Margin Rate
$0.01 - $9,999.99 8.75%
$10,000.00 - $49,999.99 7.75%
$50,000.00 - $99,999.99 6.75%
$110,000.00 - $299,999.99 5.50%
$250,000.00 - $499,999.99 5.00%
$500,000.00 - $999,999.99 4.50%
above $1,000,000.00 4.00%

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Miscellaneous Sogotrade Fees

Online trade confirmation Free
Online account statement Free
Online Prospectus (ETF/Fund) Free
Paper account statement $10
Paper Tax statement $5
Paper trade confirmation $2
Paper Prospectus (ETF/Fund) $5.00
Duplicate account statement $10
Duplicate trade confirmation $2
SEC Fee $0.0000184 / $1 of proceeds
Options Regulatory Fee* $0.0417 per contract
Options Expiration Management $75 (base rate) plus 50¢ per contract
Margin sellout $25
ACH fund transfer Free
Returned ACH fund transfer $30
Check withdrawal Free
Returned checks $35
Outbound wire
(domestic / international)
Returned wire
(domestic / international)
Account transfer / ACAT in No Fee
Full account transfer / ACAT out $75
Partial account transfer / ACAT out $50
DRS Transfer Fee /per position: $30 + pass through fees
(please contact us for pricing)
DWAC Transfer Fee/per position: $30 + pass through fees
(please contact us for pricing)
DTC transfer out $25.00/ Per position
Worthless Securities Processing $10 each position
Account closing fee No Fee
Account closing fee No Fee
Low Equity Fee $50 annual. Charged if total account equity drops below $100 (waived if at least 1 trade executed in previous 12 month period
Inactivity fee No Fee
Locate / Deactivate Account
(Mandated if missing for 2 years)
Lost Customer Locate Fee (Mandated if physical mail returned twice within 6 months) $10.00 Per locate notification
Voluntary reorganizations $50
Account verification fee $10
Certificate deposit $75 + pass through fees (please contact us for pricing)
Certificate delivered out / reregistered $100 + pass through fees (please contact us for pricing)
Certificate delivered out / reregistered (rush service) $350 + pass through fees (please contact us for pricing)
Domestic overnight for checks $45
International overnight for checks $100
Non-transferable securities $20 per month / per CUSIP
Stop Payment $35
Legal items $25
Overnight Shipping Domestic/International $50 / $100
Return Mail Fee $5 per return
TOD Account Transfer Fee $200
IRA setup fee Free
IRA Annual fee $35
IRA closing fee $60
IRA ACAT out fee $75

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* Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock, ETF option and bond sales.

* The following options exchanges assess an Options Regulatory Fee (referred to as the “ORF fee”) on options transactions executed by its members that clear in the customer range at Options Clearing Corporation (“OCC”) regardless of the marketplace of execution.

* ADR agents that sponsor American Depositary Receipts (ADRs) are permitted to charge ADR holders an annual custody fee. The fee is administered through the Depository Trust Company (DTC) which typically will be subtracted from the gross dividend amount paid, if the ADR does not pay a dividend. The annual fee will be posted to your account by our clearing firm. The fee amounts and timing differ by ADR.

Sogotrade Review and Website Link

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Sogotrade fees are as of 2016 and are subject to change. For the most recent information go to their website:

SogoTrade review

Updated on 1/27/2016.

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