SogoTrade commission and other fees

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Overview of SogoTrade fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates SogoTrade charges.

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SogoTrade

4/5

Minimum deposit

Stock fee

Low

Options fee

Low

Inactivity fee

Account opening

1 day

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SogoTrade commission and other trading fees

The good news is that SogoTrade has low trading fees in general. We ranked the fees of SogoTrade as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether SogoTrade commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of SogoTrade commission and other trading fees
	SogoTrade SogoTrade	ChoiceTrade ChoiceTrade	TradeStation TradeStation
Stock and ETF	Low	Low	Low
Forex	-	-	-
Fund	-	-	Average
Bond	-	-	Average
Options	Low	Low	Average
Futures	-	-	Low

Now let's go over the trading fees for each asset class one by one.

SogoTrade stock and ETF commissions, spreads

SogoTrade stock and ETF commissions are low. SogoTrade stock and ETF commissions are charged as per the table below.

SogoTrade stock and ETF commission
	SogoTrade SogoTrade
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$2.88 flat fee per trade for market orders, $0 for limit orders
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	Not available
German stock Estimated commission of a $2,000 trade	Not available
Indian stock	Not available

You can compare SogoTrade stock and ETF fees with the two closest competitors.

SogoTrade stock and ETF commission, spreads vs competitors
	SogoTrade SogoTrade	ChoiceTrade ChoiceTrade	TradeStation TradeStation
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$2.9 $2.88 flat fee per trade for market orders, $0 for limit orders	$0.0 Stocks above $1 have no commission. US stocks below $1 cost $12 per trade, foreign stocks cost $25 per trade.	$5.0 $5 per trade for non-US clients. For US clients, commission-free up to the first 10,000 shares per trade.
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	- Not available	- Not available	- Not available
German stock Estimated commission of a $2,000 trade	- Not available	- Not available	- Not available
Indian stock	- Not available	- Not available	- Not available

Stock and ETF commissions are calculated for a $2,000 trade

SogoTrade options commissions

You can see below the description of SogoTrade options commissions. SogoTrade options fees are low.

SogoTrade options commissions
	SogoTrade SogoTrade
US stock index options Estimated commission for 10 contracts	$0.5 per contract
US stock options Estimated commission for opening 10 contracts	$0.5 per contract
UK stock index options Estimated commission for 10 contracts	Not available
German stock index options Estimated commission for 10 contracts	Not available

Compare options commissions charged by SogoTrade with those of ChoiceTrade and TradeStation.

SogoTrade options commissions vs competitors
	SogoTrade SogoTrade	ChoiceTrade ChoiceTrade	TradeStation TradeStation
US stock index options Estimated commission for 10 contracts	$5.0 $0.5 per contract	$10.0 $0 flat fee plus $1 per contract, max $20 per trade.	$15.0 For US clients: $1 per contract; for non-US clients: $5 flat fee plus $1 per contract
US stock options Estimated commission for opening 10 contracts	$5.0 $0.5 per contract	$4.0 $0.4 per contract, max. $20 per trade	$11.0 For US clients, $0.6 contract per contract, for non-US clients $5 flat fee plus $0.6 per contract
UK stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available
German stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available

Options commissions are calculated for 10 contracts

SogoTrade non-trading fees

In addition to trading fees, it's important to see if SogoTrade charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by SogoTrade with its two closest competitors.

SogoTrade non-trading fees vs competitors
	SogoTrade SogoTrade	ChoiceTrade ChoiceTrade	TradeStation TradeStation
Deposit fee	$0 Free deposit	$0 Free deposit	$0 Free deposit
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free ACH transfer, but wire transfers cost $50 for non-US and $30 for US clients	$5 $5 for ACH withdrawal, while $60 for non-US and $35 for US wire withdrawal	$0 $0 for ACH withdrawals and $25 for US wire withdrawals
Account fee Monthly account fee	No No account fee	Yes $10 per month for non-US accounts	No No account fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	Yes $45 per quarter for individual accounts if you made less than 5 trades in the previous quarter. $55 per month for corporate accounts if you made less than 5 trades in the previous month.	Yes $10/month – waived if 10 or more trades placed in prior 90 days or $5,000 average end-of-month balance

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by SogoTrade and its closest competitors. To learn more about SogoTrade, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.