SogoTrade review

3-star brokerage firm rating

Sogotrade Fees Schedule, IRA Accounts Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2015

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 6.75%
$10,000.00 - $49,999.99 6.50%
$50,000.00 - $249,999.99 5.50%
$250,000.00 - $499,999.99 5.00%
above $500,000.00 4.50%

Miscellaneous Sogotrade Fees

Online trade confirmation Free
Online account statement Free
Online Prospectus (ETF/Fund) Free
Paper account statement $5
Paper Tax statement $5
Paper trade confirmation $2
Paper Prospectus (ETF/Fund) $2.50
Duplicate account statement $5
Duplicate trade confirmation $2
SEC Fee $0.0000184 / $1 of proceeds
Options Regulatory Fee* $0.0345 per contract
Options Expiration Management $75 (base rate) plus 50¢ per contract
Margin sellout $25
ACH fund transfer Free
Returned ACH fund transfer $35
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
Return Mail Fee $2 per return
Account closing fee No Fee
Account maintenance fee No Fee
Inactivity fee No Fee
Locate / Deactivate Account
(Mandated if missing for 2 years)
Voluntary reorganizations $35
Legal items $25
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 $7.50 per month / per CUSIP
Stop Payment $35
IRA setup fee Free
IRA Annual fee $30
IRA closing fee $50
IRA ACAT out fee $75

Sogotrade Review and Website Link

Read full Sogotrade Review.

Sogotrade fees are as of 2015 and are subject to change. For the most recent information go to their website:

SogoTrade review

This article was updated on 7/23/2015.

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