Overview of SogoTrade fees and charges
It's safe to say that SogoTrade's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use SogoTrade even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of SogoTrade's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $2.88 flat fee/trade for market orders, $0 for limit orders |
| EURUSD fee | - | Not available |
| US tech fund fee | - | Broker-assisted only |
| Inactivity fee | Low | No inactivity fee |
SogoTrade fees
SogoTrade fees explained
We compare SogoTrade fees with its closest competitors, ChoiceTrade and TradeStation.
SogoTrade fees
SogoTrade trading fees
SogoTrade's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at SogoTrade.
Trading fees
SogoTrade's trading fees are low.
Stock fees and ETF fees
SogoTrade has low stock trading fees.
| SogoTrade | ChoiceTrade | TradeStation | |
|---|---|---|---|
| US stock | $2.9 | $0.0 | $0.0 |
| UK stock | - | - | - |
| German stock | - | - | - |
Options fees
SogoTrade's options fees are low.
| SogoTrade | ChoiceTrade | TradeStation | |
|---|---|---|---|
| US stock index options | $5.0 | $20.0 | $6.0 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Financing rates
SogoTrade financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| SogoTrade | ChoiceTrade | TradeStation | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
SogoTrade fees
SogoTrade non-trading fees
When it comes to looking at all the non-trading fees SogoTrade is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at SogoTrade that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| SogoTrade | ChoiceTrade | TradeStation | |
|---|---|---|---|
| Withdrawal fee | $0 | $5 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | Yes |
| Account fee | No | Yes | No |
SogoTrade fees
SogoTrade deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and SogoTrade is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods SogoTrade offers.
| SogoTrade | ChoiceTrade | TradeStation | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
SogoTrade fees
SogoTrade withdrawal fee
Unlike some online brokers we have reviewed SogoTrade does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| SogoTrade | ChoiceTrade | TradeStation | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $5 | $0 |
SogoTrade fees
SogoTrade inactivity fee
SogoTrade does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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