PRICING,
MARGIN & FEES

SogoTrade Mobile Trading Platform

Pricing and Credits

Stocks & ETFs Commission on Limit Orders* $0.00
  Credit (Payment) on qualified Limit Orders** $1.00 per 1000 shares
  Commission on qualified odd lot Limit Orders* $0.00
  Commission on Market Orders $2.88
  Commission on non-qualified odd lot orders* $2.88
  Commission on Penny Stocks*** See below
  Broker-Assisted Commission $25.00
Options Commission $0.00
  Contract Fee 50¢
  Broker-Assisted Commission $25 + 50¢/Contract
Mutual Funds Broker-Assisted Commission $25.00
Fixed Income Broker-Assisted Commission Please call

* The order generally must be 100 shares or greater (not an odd lot order), otherwise a $2.88 commission rate applies. Odd lot limit orders qualify for the $0 commission if the principal amount of each order is $2,000 or more.

** To receive credit (payment) for limit orders the following terms apply:

  • Get Paid to Trade (GP2T) credit will be paid on every qualified limit order (both buys and sells) ($0.001 per share)
  • For BUY Orders: The filled order must be received at the market center at least one penny below the ask
  • For SELL Orders: The filled order must be received in the market center at least one penny above the bid
  • The Get Paid to Trade credit is paid in One Cent increments only – no fraction of a penny will be paid. (For example, if a qualified limit order mathematically earns a $10.258 credit, the customer will receive a credit of $10.25.)
  • • Note: A trade placed by a client may comply with the limit order qualifications at the time it is placed but may not qualify for the GP2T credit when executed due to price movements. In this instance, although no credit will be paid, the $0 commission will still apply.

*** For stocks priced under $1 the commission charge is $2.88 PLUS the greater of $0.0003 per share (Maximum 5% of principal) OR ¼% of the principal amount of the trade.

Please read the Characteristics and Risks of Standardized Options before you apply for option privileges.


Margin Rates & Terms

Margin Balance Margin Rates Effective Rate
$1 million+ BASE – 2.25% 4.50%
$500,000 - $999,999 BASE – 1.75% 5.00%
$250,000 - $499,999 BASE – 1.25% 5.50%
$100,000 - $249,999 BASE – 0.75% 6.00%
$50,000 - $99,999 BASE + 0.50% 7.25%
$10,000 - $49,999 BASE + 1.50% 8.25%
$0 - $9,999 BASE + 2.50% 9.25%


SogoTrade base rate Margin interest rates will vary according to the dollar amount of the debit balance and the current base rate. SogoTrade will consider industry conditions related to credit, commercially recognized interest rates and the availability of liquidity in the marketplace when determining its base rate. is 6.75% (as of 04/16/2020)
Subject to change without notice.

Margin Call Descriptions

Call Type Due Date (business days) Trigger Event
Required Maintenance (RM) T+2 Total equity becomes insufficient to cover the equity maintenance requirements of the positions in the account.  RM call can be met by closing positions and/or making a deposit
Reg T (RT) T+4 (Equities) T+2 (Options) Exceed overnight buying power in a MARGIN account. Preferably met by a new deposit but ultimately can be met by closing positions.
Day Trade (DT) T+4 Open a new position in excess of the day trade buying power and close the position on the same day.  DT call can only be met by new deposit.
Equity Maintenance (EM)

T+4

Total equity in a Pattern Day Trader (PDT) account falls below $25,000.  A PDT account cannot day trade while in an EM call.
Money Due (MD) T+4

Exceed overnight buying power in a CASH account.  Also known as a cash call.


Note: Any subsequent calls may be due T=1
T+# = Transaction date plus number of business days


Special & Miscellaneous Service Fees

Account Maintenance

Fee

Digital Statements

Free

Digital Trade Confirms

Free

Digital Prospectus

Free

Digital Tax Documents

Free

Low Equity Fee per Year1

$50


Banking

Fee

ACH Transfer

Free

Regular Check Withdrawal (Domestic/Foreign)

$5/$10

Overnight Check Withdrawal (Domestic / International)

$50/$100

Outgoing Wire Transfers (Domestic)

$30

Returned ACH Fee

$35

Outgoing Wire Transfers (Foreign)

$50

Returned Wire / Amendment

$35

Returned Checks

$35

Stop Payment

$35


Retirement

Fee

IRA Set-up Fee

Free

IRA Annual Fee

$25

IRA ACAT Out Fee

$75

IRA Termination Fee

$75


Mailing

Fee

Paper Confirm Fee

$5

Paper Statement Fee

$10

Paper Prospectus Fee – Domestic

$5

Paper Prospectus Fee – Foreign

$10

Paper Tax Statement

$10

Paper Proxy

Free

Duplicate Paper Charge

$10

Return Mail Fee

$5 each item

Transfers

Fee

Incoming ACAT Transfer (Full / Partial)

Free

Outgoing ACAT Transfer (Full / Partial)

$75

DTC Transfer In/Out (Per Security)

Free/$50

DRS Transfer In (Per Security)

$165

DWAC Transfer In (Per Security)

$150

DRS / DWAC Rejection Fee

$125

TOD Account Transfer Fee

$250


Regulatory Fees

Fee

SEC Fee2

See Footnote

TAF (Trading Activity Fee)3

See Footnote

Foreign Ordinary Security Fee4

$50

Warrant Fee

$20

Options Regulatory Fee5

See Footnote

Proprietary Index Option Fee6

$0.50/contract

ADR Fee7

$0.01 - 0.1/share

Physical Trade Fee

$150


Miscellaneous Fees

Fee

Non-transferable Securities

$20/mo. Per CUSIP

Worthless Security Removal Fee (Per Security)

$10

Voluntary reorganizations

$50

Stock Certificate (deposit)

$450 minimum

Stock Certificate (withdrawal)

Call for Pricing

Account Closing Fee

None

Account Verification Fee

$10

Locate / Deactivate Account (Mandated if missing for 2 years)

$200

Lost Customer Locate Fee (Mandated if physical mail returned twice within 6 months)

$10 per locate

Legal Items

$25


Other Trade Fees

Fee

Options Expiration Management

 

$75 plus 50¢

per contract

Option Exercise/Assignment Fee

$15

Margin Sellout/Short Force Buy-in Fee

$25


1. This fee may be charged if the total account equity falls below $100. It is waived if there is at least one trade executed in the previous 12-month period.

2. SEC Fee: Under Section 31 of the Securities Exchange Act of 1934, U.S. national securities exchanges are obligated to pay transaction fees to the SEC based on the volume of securities that are sold on their markets. Exchange rules require their broker-dealer members to pay a share of these fees who, in turn, pass the responsibility of paying the fees to their customers. Only applies to sell transactions and appears on the trade confirmation as: “FEES”. (More Information) As of February 18, 2020, the SEC Fee rate is $22.10 for every $1,000,000 in sale proceeds.

3. Trading Activity Fee (TAF): The TAF fee is only applicable when selling a security. As of March 17, 2020, the rate is $0.000119 per share with a maximum of $5.95 when selling equities. The rate is $0.002 per contract with a maximum of $5.95 when selling options.

4. Foreign Ordinary Security Fee: SogoTrade charges an additional $50 fee per transaction for foreign ordinary securities that trade on the U.S. OTC Pink Sheet markets. Typically, these securities trade under 5 letter stock symbols ending in the letter ‘F’. These are also commonly referred to as ‘F’ shares and the fee as an ‘F share fee’. Although these stocks trade on the U.S. markets and are quoted in U.S. dollars, the actual settlement of a foreign ordinary security trade occurs in the local market in which the company is registered and in that country’s currency.

5. Options Regulatory Fee (ORF): The following options exchanges assess an Options Regulatory Fee (referred to as the “ORF fee”) on options transactions executed by its members that clear in the customer range at Options Clearing Corporation (“OCC”) regardless of the marketplace of execution. Applies to both buys and sells and appears on the trade confirmation as “OPTION FEES.” As of September 3, 2019, the aggregate rate is $0.0381 per contract.

6. Proprietary Index Option Fees: here are some index option products which are proprietary and listed on a single exchange. Exchanges charge extra fees to trade these products. To offset the exchange fees incurred for trading these products, SogoTrade also charges a per contract fee on these products. This charge will appear in your SogoTrade trade ticket at the time of trade.

7. ADR Fees: ADR agents that sponsor American Depositary Receipts (ADRs) are permitted to charge the ADR holder an annual custody fee. The fee is administered through the Depository Trust Company (DTC). If the ADR pays a dividend, the annual custody fee can be deducted from that or DTC will pass through a separate annual custody fee, the same way it does when the ADR does not pay a dividend. In that case, the annual fee will be posted to your account by our clearing firm. The per share fee and the date the fee posts annually will differ by ADR and is determined by the ADR agent. The ADR fee is anywhere between $0.01 and $0.10 per ADR share held.

Other relevant terms: Online trades are limited to 100,000 shares. Please call our Trade Desk to place orders over 100,000 shares. Orders phoned in for stock priced below $1 will be subject to a $25 base rate + the surcharge.

Good Until Cancelled (GTC) orders partially executed over multiple trading days are subject to commission charges for each trading day.

For Stocks priced under $1, $100 minimum investment (principal) required per opening transaction.

Penny Stocks: OTCBB and Pink Sheets may incur additional transaction fees based on DTC charges. These charges can be substantial, so they may be blocked from online trading. In this case, please contact the Trade Desk for more information.

DTC transfer in/out fee is $25 plus the pass through fee. Non-DTC items and/or physical trade fees are $150.


Contact Information

  • Nationwide Call Center
  •  US: 1-888-709-7646
  •  Outside US: 1-646-885-6594
  • Service Hours                    
  • Monday - Friday
  • 7am - 8pm ET