Comments on: SogoInvest is now SogoTrade

By: Adam Smith

Adam Smith — Mon, 08 Nov 2010 15:53:51 +0000

I have been using SogoTrade for 2 years now and have been very satisfied with their service. The trades are very cheap ($3 per trade), there aren’t any hidden fees or tricks to take more money. No maintenance fees or any other fees. The trade ticker is real-time, and trades take place within 1 second, with the option to cancel until about 3 seconds after. I’ve called their support line about 8 times to ask information, and I always immediately got on the phone with an intelligent representative who knew the answers to my questions.

To receive 25 free trades, use referral code 564838 when signing up for SogoTrade. The free trades are valid for 90 days after signing up. A minimum of $500 needs to be deposited before you can begin trading. You can do free ACH transfers to and from your bank account.

SogoTrade is probably the cheapest online-trader there is, with a service that is on par or better than the three other companies I used to use for stock trading.

By: Eric

Eric — Mon, 18 May 2009 20:21:35 +0000

Get 100 free trades open sogotrade account with the coupon

Promotion code: 349670

Link: https://www.sogotrade.com/Setup/Default.aspx?rf=349670

Good luck!

By: John

John — Mon, 25 Aug 2008 22:48:00 +0000

I like that sogotrade is one of the only brokarages that allows you to buy partial shares (like share builder). they will go to the 4th decimal point, so you can but 0.4546 shares of Goog, and you can set it up to buy once a week (only on Tuesdays)

Their customer service is great. Every time I have a question someone will answer in under a minute.

Open an account with the referral link or use referral code 452143

https://www.sogotrade.com/accountsetup/default.aspx?rf=452143

By: morelli

morelli — Mon, 14 Jul 2008 01:28:19 +0000

ive been interested with sogotrade, something seems fishy when an online broker offers $3.5 trade. its too good to be true.

By: Steve

Steve — Wed, 19 Mar 2008 05:14:46 +0000

I use sogo elite platform just because of the cheap trading commissions. Usually things go fairly smooth but in today’s afternoon trading…limit orders were not executed fast at all. It could have been because of the huge volume (dow was up over 400) but still, I rarely had problems with Scottrade.
It does seem you pay for what you get. But on every trade I make with sogo relative to scottrade, I make an extra $10 just because of the lower trading fees. So, maybe I’ll call and complain to Sogo, but I probably won’t switch.

Oh, and sogo elite’s trading platform shuts down around 5:30 every afternoon even though they have after hours trading. Another annoyance.

By: Alex

Alex — Mon, 04 Feb 2008 11:35:07 +0000

thanks for the info ! I checked the website and it has given a facelift from the past Sogoinvest and now it seems promising. Also, you did not mention that Sogotradeis also offering 25 free trades after you open an account with them.

By: Mike

Mike — Sat, 02 Feb 2008 06:13:13 +0000

You must have read read my mind Grant.

I’ve tried Scottrade… Suck!
I’ve tried TD Waterhouse… Suck!
I’ve had a VBS account for years.. too expensive.

After closing my brokerage account at Vanguard and paying off my house, I’ve been saving to open another “less costly” brokerage account. SogoTrade sounds great.

Are you an affiliate? If I decide to open an account, I’ll make sure to give you credit.