SogoTrade offers deep discounted trades, but is this broker worth using?

Sogotrade is a no frills online broker and trading firm. This low cost service trading provider is a subsidiary of Wang Investment Associate. As a member of the SIPC (Securities Investor Protection Corporation), the firm’s client accounts are protected up to $500,000.

SogoTrade is currently offering 100 free trades – good for 30 days (new accounts only). This promotion is for a limited time only and new members have to meet SogoTrade's $500 account minimum, in order to qualify.

SogoTrade Review:

  • Low cost discount broker
  • Offers one of the cheapest costs per trade in the brokerage industry
    • $3 per trade for stocks
    • $5 a trade for options plus 50¢ per contract
  • No hidden account inactivity or account minimum fees
  • Enhanced trading tools

Sogotrade trades and options


  • SogoTrade has worked to improve its trading platform since launching in 2010
  • Do a simple Google search and see the mixed reviews the firm has received since inception
  • Today, however, they seem to have improved their customer service support
  • They now offer mobile trading capabilities
  • SogoTrade has a basic education section that provides investing knowledge
  • Firm still does not have 24/7 customer support
  • SogoTrade is great if all you need is a basic stock and options trading / investing platform
  • However, there are limitations to SogoTrade’s investing / trading platform. For example, it currently does not allow you to trade pink sheet stocks or other investment choices
  • Not the best choice for new investors

sogotrade trading tools