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* Limit orders have risks, such as non-execution. An order must be a non-marketable limit order to qualify for Get Paid to Trade payments. To qualify for $0 commissions, an order must be a non-penny stock limit order of: (1) 100 shares or greater; or (2) principal amount of $2,000 or more Formore information, Click HERE. | |
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Pricing and Credits
| Stocks & ETFs | Commission on Limit Orders* | $0.00 |
| Credit (Payment) on qualified Limit Orders** | $1.00 per 1000 shares | |
| Commission on qualified odd lot Limit Orders* | $0.00 | |
| Commission on Market Orders | $2.88 | |
| Commission on non-qualified odd lot orders* | $2.88 | |
| Commission on Over-The-Counter (OTC) | $2.88 | |
| Commission on Penny Stocks*** | See below | |
| Broker-Assisted Commission | $25.00 | |
| Options | Commission | $0.00 |
| Contract Fee | 50¢ | |
| Broker-Assisted Commission | $25 + 50¢/Contract | |
| Mutual Funds | Broker-Assisted Commission | $25.00 |
| Fixed Income Treasuries, Corporate Bonds, and Certificates of Deposit | Broker-Assisted Commission | $30 + $1.00 per bond, $250 maximum |
| Cryptocurrency | Trading fee **** | See below |
* The order generally must be 100 shares or greater (not an odd lot order), otherwise a $2.88 commission rate applies. Odd lot limit orders qualify for the $0 commission if the principal amount of each order is $2,000 or more.
** To receive credit (payment) for limit orders the following terms apply:
- Get Paid to Trade (GP2T) credit will be paid on every qualified limit order (both buys and sells) ($0.001 per share) executed during regular market hours and the order size is 100 shares or more. GP2T credit will not be paid during extended hours trading sessions.
- For BUY Orders: The filled order must be received at the market center at least one penny below the ask
- For SELL Orders: The filled order must be received in the market center at least one penny above the bid
- The Get Paid to Trade credit is paid in One Cent increments only – no fraction of a penny will be paid. (For example, if a qualified limit order mathematically earns a $10.258 credit, the customer will receive a credit of $10.25.)
- Note: A trade placed by a client may comply with the limit order qualifications at the time it is placed but may not qualify for the GP2T credit when executed due to price movements. In this instance, although no credit will be paid, the $0 commission will still apply
*** For stocks priced under $1 the commission charge is $2.88 PLUS the greater of $0.0003 per share (Maximum 5% of principal) OR 0.25 % of the principal amount of the trade.
**** Cryptocurrency trading fees are the greater of $1 or 1% of the trade value. Account related fees may apply to your SogoTrade account. Cryptocurrency trading is backed by Bakkt.
Please read the Characteristics and Risks of Standardized Options before you apply for option privileges.
Margin Rates & Terms
| Margin Balance | Margin Rates | Effective Rate |
| $1 million+ | BASE – 2.25% | 9.75% |
| $500,000 - $999,999 | BASE – 1.75% | 10.25% |
| $250,000 - $499,999 | BASE – 1.25% | 10.75% |
| $100,000 - $249,999 | BASE – 0.75% | 11.25% |
| $50,000 - $99,999 | BASE + 0.50% | 12.50% |
| $10,000 - $49,999 | BASE + 1.50% | 13.50% |
| $0 - $9,999 | BASE + 2.50% | 14.50% |
SogoTrade base rate is 12% (as of 7/27/2023)
Subject to change without notice.
Margin Call Descriptions
| Call Type | Due Date (business days) | Trigger Event |
| Required Maintenance (RM) | T+2 | Total equity becomes insufficient to cover the equity maintenance requirements of the positions in the account. RM call can be met by closing positions and/or making a deposit |
| Reg T (RT) | T+4 (Equities)T+2 (Options) | Exceed overnight buying power in a MARGIN account. Preferably met by a new deposit but ultimately can be met by closing positions. |
| Day Trade (DT) | T+4 | Open a new position in excess of the day trade buying power and close the position on the same day. DT call can only be met by new deposit. |
| Equity Maintenance (EM) | T+4 | Total equity in a Pattern Day Trader (PDT) account falls below $25,000. A PDT account cannot day trade while in an EM call. |
| Money Due (MD) | T+4 | Exceed overnight buying power in a CASH account. Also known as a cash call. |
Note:Any subsequent calls may be due T=1
T+# = Transaction date plus number of business days
Special & Miscellaneous Service Fees
| Account Maintenance | Fee |
Digital Statements | Free |
Digital Trade Confirms | Free |
Digital Prospectus | Free |
Digital Tax Documents | Free |
Banking | Fee |
ACH Transfer | Free |
Regular Check Withdrawal (Domestic/Foreign) | $5/$10 |
Overnight Check Withdrawal (Domestic / International) | $50/$100 |
Outgoing Wire Transfers (Domestic) | $30 |
Returned ACH Fee | $35 |
Outgoing Wire Transfers (Foreign) | $50 |
Returned Wire / Amendment | $35 |
Returned Checks | $35 |
Stop Payment | $35 |
Retirement | Fee |
IRA Set-up Fee | Free |
IRA Annual Fee | $25 |
IRA ACAT Out Fee | $75 |
IRA Termination Fee | $75 |
Trust Company Account Fee | Fee |
Annual Administrative Fee | $25 |
Termination Fee | $75 |
Mailing | Fee |
Paper Confirm Fee | $5 |
Paper Statement Fee | $10 |
Paper Prospectus Fee – Domestic | $5 |
Paper Prospectus Fee – Foreign | $10 |
Paper Tax Statement | $10 |
Paper Proxy | Free |
Duplicate Paper Charge | $10 |
Return Mail Fee | $5 each item |
Transfers | Fee |
Incoming ACAT Transfer (Full / Partial) | Free |
Outgoing ACAT Transfer (Full / Partial) | $75 |
DTC Transfer In/Out (Per Security) | Free/$50 |
DRS Transfer In (Per Security) | $165 |
DWAC Transfer In (Per Security) | $150 |
DRS / DWAC Rejection Fee | $125 |
TOD Account Transfer Fee | $250 |
Regulatory Fees | Fee |
SEC Fee 1 | See Footnote |
TAF (Trading Activity Fee) 2 | See Footnote |
Foreign Ordinary Security Fee 3 | $5 |
Warrant Fee | $20 |
Options Regulatory Fee 4 | See Footnote |
Proprietary Index Option Fee5 | $0.50/contract |
ADR Fee 6 | $0.01 - 0.1/share |
Miscellaneous Fees | Fee |
Non-transferable Securities | $20/mo. Per CUSIP |
Worthless Security Removal Fee (Per Security) | $10 |
Voluntary reorganizations | $50 |
Account Closing Fee | None |
Account Verification Fee | $10 |
Locate / Deactivate Account (Mandated if missing for 2 years) | $200 |
Lost Customer Locate Fee (Mandated if physical mail returned twice within 6 months) | $10 per locate |
Legal Items | $25 |
Physical Trade Fee | $300-$600 |
Other Trade Fees | Fee |
Low-Priced Security Fee 7 | See Footnote |
| Option OCC Clearing fee | $0.02 per contract |
Options Expiration Management | $25 plus 50¢ per contract |
Option Exercise/Assignment Fee | $15 |
Margin Sellout/Short Force Buy-in Fee | $25 |
1. SEC Fee: Under Section 31 of the Securities Exchange Act of 1934, U.S. national securities exchanges are obligated to pay transaction fees to the SEC based on the volume of securities that are sold on their markets. Exchange rules require their broker-dealer members to pay a share of these fees who, in turn, pass the responsibility of paying the fees to their customers. Only applies to sell transactions and appears on the trade confirmation as: “FEES”. (More Information) As of February 27, 2023, the SEC Fee rate is $8.00 for every $1,000,000 in sale proceeds.
2. Trading Activity Fee (TAF): The TAF fee is only applicable when selling a security. As of January 1, 2024, the rate is$0. 000166 per share (up to $8.30 max per trade) for covered equity security. $0.00279 per contract when selling options. $0.00105 per bond (up to $1.05 max per trade) for Trace-Eligible Security (Other than Asset-Backed Security) or municipal security.
3. Foreign Ordinary Security Fee: SogoTrade charges an additional $5 fee per transaction for foreign ordinary securities that trade on the U.S. OTC Pink Sheet markets. Typically, these securities trade under 5 letter stock symbols ending in the letter ‘F’. These are also commonly referred to as ‘F’ shares and the fee as an ‘F share fee’. Although these stocks trade on the U.S. markets and are quoted in U.S. dollars, the actual settlement of a foreign ordinary security trade occurs in the local market in which the company is registered and in that country’s currency.
4. Options Regulatory Fee (ORF): 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. Applies to both buys and sells and appears on the trade confirmation as “OPTION FEES.” As of January 2nd, 2024, the aggregate rate is $0.02685 per contract.
5. Proprietary Index Option Fees: here are some index option products which are proprietary and listed on a single exchange. Exchanges charge extra fees to trade these products. To offset the exchange fees incurred for trading these products, SogoTrade also charges a per contract fee on these products. This charge will appear in your SogoTrade trade ticket at the time of trade.
6. ADR Fees: ADR agents that sponsor American Depositary Receipts (ADRs) are permitted to charge the ADR holder an annual custody fee. The fee is administered through the Depository Trust Company (DTC). If the ADR pays a dividend, the annual custody fee can be deducted from that or DTC will pass through a separate annual custody fee, the same way it does when the ADR does not pay a dividend. In that case, the annual fee will be posted to your account by our clearing firm. The per share fee and the date the fee posts annually will differ by ADR and is determined by the ADR agent. The ADR fee is anywhere between $0.01 and $0.10 per ADR share held.
7. Low-Priced Security Fee: Applicable to both purchases and sales of stock priced less than $1.00 / share. The fee rate is the greater of $0.0003 per share (5% of principal maximum) OR 0.25% of the principal amount of the trade.
Other relevant terms:Online order entry for OTC stocks priced less than $1 is limited to 1,000,000 shares or $500,000 (250,000 shares or $2.5 million for Listed stocks). Orders exceeding our online maximums are subject to the $25 broker-assisted commission rate, plus the low-priced security fee if applicable, when they are phoned into the Trade Desk.
Good Until Date (GTD) orders, partially executed over multiple trading days, are subject to separate commission charges for each trading day.
For Stocks priced under $1, $100 minimum investment (principal) required per opening transaction.
Penny Stocks: OTCBB and Pink Sheets may incur additional transaction fees based on DTC charges. These charges can be substantial, so they may be blocked from online trading. In this case, please contact the Trade Desk for more information.
DTC transfer in/out fee is $25 plus the pass through fee. Non-DTC items and/or physical trade fees are $300-$600.
As displayed on the trade confirmation, Tran Fee may include the SEC fee, TAF fee, and Option Regulatory Fee. Each fee has a $0.01 minimum and is rounded up to the nearest penny. The TAF fee is calculated at the execution level and summed up by the order. Rounding may sometimes cause higher than expected fees.
- At SogoTrade, we aim to decrease your risk and maximizing your return.
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© 2024 SogoTrade, Inc. All rights reserved.Brokerage services provided by SogoTrade, Inc., Member of FINRA.
Member of SIPC. Securities in your account protected up to $500,000. For details, please see www.sipc.org. Our clearing firm, Apex Clearing, has purchased an additional insurance policy, which provides 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. The SIPC protection and this additional insurance do not protect against a loss in the market value of securities, and do not apply to cryptocurrency transactions.
Portfolio management and advisory services are provided by MarketRiders, Inc. (doing business as SogoTrade Asset Management ("SAM")), a registered investment advisor. Brokerage services are provided by SogoTrade, Inc. SAM provides discretionary advisory services for a fee. SAM and SogoTrade, Inc. are separate entities under common ownership.
Before investing carefully consider the underlying objectives, risks, charges, and expenses of the investment product. All investments involve risk, including loss of principal. Past performance does not guarantee future results. There is no assurance that the investment process will consistently lead to successful investing. Asset allocation and diversification do not eliminate the risk of experiencing investment losses. ETFs can entail risks similar to direct stock ownership, including market, sector, or industry risks. Some ETFs may involve international risk, currency risk, commodity risk, and interest rate risk. Trading prices may not reflect the net asset value of the underlying securities. Risks applicable to any portfolio are those associated with its underlying securities. For more information, please see the SAM Disclosure Brochure (Form ADV Part 2A).
Important Note: Options involve risk and are not suitable for all investors. For more information please read the Characteristics and Risks of Standardized Options. Please note fees, commissions and interest charges should be considered when calculating results of options strategies. Transaction costs may be significant in multi-leg option strategies, including spread, as they involve multiple commission charges. SogoTrade does not provide tax advice. Please consult with a tax advisor as to how taxes may affect the outcome of options transactions/strategies.
No information contained on this website is intended as a recommendation or solicitation to invest in, or liquidate, a particular security or portfolio. Market volatility, volume and system availability may effect account access and online trade execution. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. Unauthorized access and use is prohibited.
Market data displayed under Research is provided and hosted by Barchart Market Data Solutions. Fundamental company data is provided by ActiveTick LLC. SEC Filings provided by Edgar Online. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.
CURRENT PROMOTIONS:
When you complete an account transfer, valued at $10,000 or higher, from another brokerage account to your SogoTrade account, SogoTrade will reimburse you, up to a maximum of $100, for the account transfer fees imposed by the other broker. You must apply for the ACAT reimbursem*nt by completing and submitting a SogoTrade Account Transfer Reimbursem*nt Request Form and provide an account statement to SogoTrade as proof of the imposed transfer fees. The Form and statement can be mailed or faxed to SogoTrade. Reimbursem*nts will be made to your account via a credit within 30 days of receipt of the Form and Statement. Your SogoTrade account must remain open and maintain a minimum equity of $500 for a period of at least six months, or SogoTrade may charge the account for any transfer fee reimbursem*nt credits. SogoTrade reserves the right to terminate this offer at any time without prior notice or extend the offer at its sole discretion. Offer is not valid for internal transfers between any two SogoTrade accounts. Offer valid for a limited time. Void where prohibited.(This Promotion is not available for IRA accounts)
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