SogoTrade Broker Review and Opinions


If you’re in search of a great discount broker, SogoTrade is worth considering. It boasts an impressive selection of trading instruments and provides competitive commission rates.

Services offered are global; clients from China, Taiwan, Hong Kong and other Asian nations are welcomed.


SogoTrade is a stock broker and FINRA member, providing several trading platforms for self-directed accounts. These can be accessed via desktop terminals or web browsers.

Traders may take advantage of the broker’s research, forecasts and ratings section. This contains data from Barchart Market Data Solutions, Morningstar and Zacks Investment Research.

Option traders at SogoTrade can benefit from the advanced trading platform called SogoElite. This platform enables investors to trade stocks, options and ETFs with streaming quotes, option chains and technical indicators.

Pricing is competitive, with customers placing more than 150 trades in a quarter receiving a commission discount. Furthermore, Apex Clearing provides an optional supplemental insurance policy of up to $37.5 million for account value protection.

The broker’s software is user-friendly and customizable to meet individual investors’ needs. However, it could be further enhanced through more seamless integration between multiple platforms.


SogoTrade is a full-service broker providing investors with various investment solutions. Its offerings include cash accounts, margin accounts and investment portfolios.

Research Tools: On its site you’ll find a wide range of research tools, such as screeners, P&L calculators, newsletters and third-party analyst ratings.

For active traders, SogoTrade platform provides flexibility to apply their own methods of analysis and research. Unfortunately, lack of strong research content and limited customer service are deterrents.

Another disadvantage of the SogoTrade platform is the absence of conditional orders and basic charting tools, in comparison to other brokers.

Traders interested in stock trading will benefit from SogoTrade’s low stock commission rates. They can get a credit of $0.001 per share or $1 for every 1,000 shares traded, depending on their volume.

Deposit and withdrawal

SogoTrade offers a range of deposit and withdrawal methods, which are accessible to both US and non-US clients.

They provide a mobile app for trading stocks, options and ETFs that works on both iOS and Android devices.

It also offers margin and Power Portfolios. Additionally, its clearing company Apex Clearing provides excess Securities Investor Protection Corporation (SIPC) coverage up to $150 million for any one customer’s securities.

The broker also offers a referral program that rewards customers for referring friends. Once an account is opened and $500 equity requirements are met, traders are eligible to trade commission-free for 90 days.

Trading platform

SogoTrade is an online trading platform with a vast selection of assets and tools, but it may not be suitable for novice investors due to its complex fee structure.

Furthermore, SogoTrade lacks in-depth research content compared to other major investment platforms. Its Morning Call and Trade Ideas feature stocks to watch, but these aren’t as comprehensive or original as TD Ameritrade or E*Trade provide.

SogoTrade provides trading on a range of stocks, ETFs, options and mutual funds. Its pricing and commissions can be found on its website; additionally it offers discounts to its base commission rates through its Get Paid to Trade program.

Pros and cons

SogoTrade is a discount broker that provides various services. It has low commissions, an aggressive paid-to-trade program, and an advanced options trading platform with numerous research tools.

Additionally, it provides cash and margin accounts as well as the option to open an IRA account.

The company also has a partnership with Apex Crypto, which enables customers to trade cryptocurrency. Nevertheless, this process requires advanced knowledge of the market.

As a budget-oriented brokerage, SogoTrade’s trading platforms lack functionality compared to more advanced options and they fall behind when it comes to security practices.

Although SogoTrade lacks advanced features, its platform is user-friendly. Plus, through their EvoShare partnership, customers can take advantage of cash back savings opportunities. Plus, SogoTrade’s insurance policies cover up to $500,000 per account and include SIPC protection.

Account opening and login

SogoTrade’s account opening and login process is straightforward and fast. All that’s required of you is either a US citizen, permanent resident (green card holder), E, F, H, L, TN and O visa holder to provide their social security number or Individual Taxpayer Identification Number.

After that, they must fill out the form with their first and last names, phone number and email address. Furthermore, they create a password, security question/answer, personal phrase and 4-6-digit PIN for added protection.

SogoTrade provides several platforms, each boasting an abundance of research tools and market data. However, finding what you’re searching for can be somewhat of a challenge due to a lack of customization options.


SogoTrade offers an impressive library of educational materials and research tools, including ValuEngine reports that utilize advanced quantitative data analysis techniques.

The Education Center is ideal for novice traders, though more experienced traders may find the information lacking and poorly organized. There are a few trading tips and resources, a glossary, and options strategy articles available as well.

SogoTrade also provides a daily newsletter called Morning Call that highlights eight stocks or ETFs with both upside and downside price targets.

SogoTrade is regulated and insured by the Financial Industry Regulatory Authority (FINRA), as well as being covered by Securities Investor Protection Corporation (SIPC). SIPC safeguards customers’ assets up to $500,000. Furthermore, SogoTrade offers a “Get Paid to Trade” program where high volume traders can make up to $1 per share.

Customer service

SogoTrade boasts a customer support phone center and an attentive customer support team who are readily available for inquiries. Furthermore, the company provides a mobile app so you can conveniently check your portfolio throughout the day.

SogoTrade is not only the largest and most comprehensive stock trading website in the world, but it’s also one of the cheapest (if you don’t mind paying per trade) and best discount online brokers for its size. It provides several perks like free trading platforms, free trade ideas, and the chance to win cash through sweepstakes prizes for submitting your best trade ideas.

SogoTrade’s latest offering is its Power Portfolio program, which offers a host of features like personalized trading plans and free market research. However, you must provide digital copies of your IDs and other documents in order to take advantage of this offer. Moreover, SogoTrade is the first and only discount online broker to provide an account opening and activation process that is completely transparent.

Demo account

SogoTrade offers a free demo account that allows you to test out their trading platform before investing any real funds. This is an ideal way to learn the system and explore strategies without risking your own funds.

The broker offers prepaid packages to help save on trading fees. These range from 50 trades for $2.88 up to 20 trades at $3.88 and are valid for 12 months.

One of the key benefits of SogoTrade is its free trading ideas, such as Morning Call newsletters and ValuEngine reports. These insights come from both the broker’s experts and third-party research specialists such as Barchart Market Data Solutions, Morningstar, and Zacks Investment Research.

In addition to these advantages, SogoTrade also provides managed accounts and access to financial advisors. Furthermore, it provides Chinese language support as well as 24-hour customer service.

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