Press Releases

February 17, 2009

SogoTrade Adds No-Limit $3 Trades and OTCBB Stocks To Its Features


  • SogoTrade Media Contacts
  • Christina Chiu
    ChristinaC@gndt.com
    O: (212) 668.0888 Ext.172
    F: (212) 825.1240

NEW YORK--(BUSINESS WIRE)--SogoTrade, the $3 online trading platform, has eliminated its additional charge for trades over 5,000 shares, making it the only platform to offer no-limit $3 stock trades. At the same time, SogoTrade has introduced trading in OTC Bulletin Board (OTCBB) stocks. Stocks traded under $1, regardless of the market, will be charged 1/2 percent of the principal with a $3 minimum.

“No share limits and expanded market access are the kind of things our traders have been asking for,” said Dave Whitmore, president of SogoTrade. “A simple commission without small print appeals to all investors, big and small, and access to more markets is the same. While the Bulletin Board market may not be for everybody, the spirit of broad access is a benefit that all investors can appreciate.”

Since its launch in the spring of 2008, SogoTrade has added a variety of tools to make trading easier for active traders and casual investors alike:

  • All-in-one trading center for order entry, stock data and account information
  • Market monitor dashboard
  • Stock and ETF research center
  • Stock and ETF screeners
  • Advanced stock charting
  • Chinese language trading platform
  • $5,000,000 excess SIPC coverage

About SogoTrade

SogoTrade (http://www.SogoTrade.com) is the online retail division of Genesis Securities LLC. (http://www.gndt.com). SogoTrade offers advanced online trading and research tools, fast trade executions, and exceptional customer service. With $3.00 online trade commissions, SogoTrade empowers investors to participate in financial markets at a low cost.

Follow the news about SogoTrade on Twitter @SogoTrade.

SogoTrade, a division of Genesis Securities LLC. Securities products and services are offered by Genesis Securities, member FINRA/SIPC.



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