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

SogoTrade Fees snapshot
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

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare SogoTrade fees with its closest competitors, ChoiceTrade and Passfolio.

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.

Stock fees of a $2,000 trade
SogoTrade ChoiceTrade Passfolio
US stock $2.9 $0.0 $1.0
UK stock - - -
German stock - - -

Options fees

SogoTrade's options fees are low.

Stock index options fees of 10 contracts
SogoTrade ChoiceTrade Passfolio
US stock index options $5.0 $20.0 -
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 yearly financing rates
SogoTrade ChoiceTrade Passfolio
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.

A high level overview of how SogoTrade stacks up in non-trading fees
SogoTrade ChoiceTrade Passfolio
Withdrawal fee $0 $5 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
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 deposit methods
SogoTrade ChoiceTrade Passfolio
Bank transfer Yes Yes Yes
Credit/debit card No No Yes
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 withdrawal fees and options compared
SogoTrade ChoiceTrade Passfolio
Bank transfer Yes Yes Yes
Credit/debit card No No Yes
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).

Author of this article

Ádám Nasli

Author of this article

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Ádám Nasli

Analyst head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

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

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