SogoTrade review

3-star brokerage firm rating


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



Sogotrade Fees, Trading Commission Structure, and Investment Products


InvestmentsCommissions
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
Mutual funds $25

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 9.00%
$10,000.00 - $49,999.99 8.00%
$50,000.00 - $99,999.99 7.00%
$110,000.00 - $299,999.99 5.75%
$250,000.00 - $499,999.99 5.25%
$500,000.00 - $999,999.99 4.75%
above $1,000,000.00 4.25%




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Miscellaneous Sogotrade Fees


Online trade confirmation Free
Online account statement Free
Online Prospectus (ETF/Fund) Free
Online Tax statement Free
Paper trade confirmation $5
Paper account statement $10
Paper Prospectus (ETF/Fund) $5
Paper Proxy Free
Paper Tax statement $5
Duplicate account confirmation /statement $10
Options Expiration Management $75 (base rate) plus 50 ¢ per contract
Margin sellout / Short Force Buy in Fee $25
ACH fund transfer Free
Returned ACH fund transfer $30.00 per item
Check withdrawal Free
Returned checks $35
Stop Payment $35
Outbound wire(domestic / international) $25/$50
Wire Returned/Amendment(domestic / international) $30.00 per item
Account transfer in / ACAT in Free
Account transfer or ACAT out (Full or Partial) $75
ADR Fee * $ 0.01 Up to $0.10 per share hold
DTC transfer out $25.00 + pass through fee
Non-DTC item/ Physical trade fee $150
Non-transferable securities $20 per month / per CUSIP
Worthless Securities Processing $10 each position
Voluntary reorganizations $50
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)
Account verification fee $10
Locate / Deactivate Account
(Mandated if missing for 2 years)
$100
Lost Customer Locate Fee
(Mandated if physical mail returned twice within 6 months)
$10.00 Per locate notification
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
Regulatory Fee  
SEC Fee $0.0000184 / $1 of proceeds
TAF (Trading Activity Fee) * Sell Side transactions only
Current Rate starting 10/1/2012 Equity 0.000119/share, maximum $5.95 Option. 0.002/contract
Options Regulatory Fee* $0.05(rounded up) per contract
Proprietary Index Option Fee
( VIX)*
$.50 per contract


* 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


Read full Sogotrade Review.

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


SogoTrade review

Updated on 3/21/2016.




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