At SogoTrade, we have some of the lowest stock trading fees in the Industry. Not only stock trading fees, but also some of the lowest options trading fees and margin interest rates, as well. As a matter of fact, many brokerage firms charge fees that we do not (such as maintenance and inactivity fees). One of our goals is to help remove obstacles that can stand in the way of your investment success. Our low fees are just one of the reasons you will see how much we value your business.
SogoTrade Commission Schedule
- Equity Trades
-
Qualifications
|
150+Trades/Qtr
|
0 -149 Trades/Qtr
|
Online (market or limit)
|
$3* (base rate)
Unlimited Shares**
|
$5* (base rate)
Unlimited shares**
Prepaid $4 Trades Available!
|
Extended Hours
(limit only)
|
Base Rate + $.005/share
|
Broker-Assisted
|
$25* (base rate)
Unlimited shares **
|
- Option Trades
-
Online
|
$5 (base rate)plus 50¢ per contract
|
Broker-Assisted
|
$25 (base rate)
plus 50¢ per contract
|
Options exercise/assignment
|
$15
|
- Mutual Fund Trades
-
Broker-Assisted Only
|
$25 per trade
|
-
* For stocks priced under $1, add the greater of $0.0003 / share (10% of principal max) OR 1/4% principal.
** For Stocks priced under $1, $100 minimum investment (principal) required per opening transaction.
**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.
Note: Free reward trades and prepaid trades do not apply to stock priced under $1 nor to any phoned in (broker-assisted) orders.
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.
SogoTrade offers many convenient funding
options including one-time and recurring ACH electronic transfers, check
deposits, and wire transfers.
Miscellaneous Fees
-
SERVICE
FEE
-
Online
trade confirmation |
Free |
Online
account statement |
Free |
Online
Prospectus (ETF/Fund) |
Free |
Online
Tax statement |
Free |
Paper
trade confirmation |
$5 |
Paper
account statement |
$10 |
Paper
Prospectus (ETF/Fund) |
$5 |
Paper
Proxy |
Free |
Paper
Tax statement |
$5 |
Duplicate
account confirmation /statement |
$10 |
|
Options
Expiration Management |
$75 (base rate) plus 50 ¢
per contract |
Margin
sellout / Short Force Buy in Fee |
$25 |
|
ACH fund
transfer |
Free |
Returned
ACH fund transfer |
$30.00 per item |
Check
withdrawal |
Free |
Returned
checks |
$35 |
Stop
Payment |
$35 |
Outbound
wire(domestic / international) |
$25/$50 |
Wire
Returned/Amendment(domestic /
international) |
$30.00 per item |
|
Account
transfer in / ACAT in |
Free |
Account
transfer or ACAT out (Full or Partial) |
$75 |
ADR Fee * |
$ 0.01 Up to $0.10 per share hold |
DTC
transfer out |
$25.00 + pass through fee |
Non-DTC
item/ Physical trade fee |
$300-$600 |
Non-transferable
securities |
$20 per month / per CUSIP |
Worthless
Securities Processing |
$10 each position |
Voluntary
reorganizations |
$50 |
Account
closing fee |
No Fee |
Low Equity Fee |
$50 annual
Charged if total account equity drops below $100
(waived if at least 1 trade executed in previous 12 month period) |
Account
verification fee |
$10 |
Locate /
Deactivate Account
(Mandated if missing for 2 years) |
$100 |
Lost
Customer Locate Fee
(Mandated if physical mail returned
twice within 6 months) |
$10.00 Per locate notification |
Legal
items |
$25 |
Overnight
Shipping Domestic/International |
$50 / $100 |
Return
Mail Fee |
$5 per return |
TOD
Account Transfer Fee |
$200 |
|
IRA
setup fee |
Free |
IRA
Annual fee |
$35 |
IRA
closing fee |
$60 |
IRA ACAT
out fee |
$75 |
|
Regulatory
Fee |
|
SEC Fee |
$0.0000184 / $1 of proceeds |
TAF (Trading Activity Fee) * |
Sell Side transactions only Current Rate starting 10/1/2012 Equity 0.000119/share, maximum $5.95 Option. 0.002/contract |
Foreign Ordinary Security Fee * |
$50 |
Options
Regulatory Fee* |
As of April 1 2021, the aggregate rate is $0.0347 per contract. |
Proprietary Index Option Fee ( VIX)* |
$.50 per contract |
* 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.
* Proprietary Index Option Fees -There 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.
* Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on
all stock, ETF option and bond sales.
* 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.
* ADR agents that sponsor American Depositary Receipts (ADRs) are permitted to charge ADR holders an annual custody fee.
The fee is administered through the Depository Trust Company (DTC) which typically will be subtracted from the gross dividend amount paid, if the ADR does not pay a dividend. The annual fee will be posted to your account by our clearing firm.
The fee amounts and timing differ by ADR.
Margin Interest Rates
-
LOAN BALANCE
Margin Rate
INTEREST RATE
-
$0.01 - $9,999.99
|
Base Rate + 2.75% |
9.25%
|
$10,000 - $49,999.99
|
Base Rate + 1.75% |
8.25%
|
$50,000 – $99,999.99
|
Base Rate + 0.75% |
7.25%
|
$100,000 – $249,999.99
|
Base Rate - 0.50% |
6.00%
|
$250,000 – $499,999.99
|
Base Rate
- 1.00% |
5.50%
|
$500,000 – $999,999 .99
|
Base Rate
- 1.50% |
5.00%
|
$1,000,000 +
|
Base Rate
- 2.00% |
4.50%
|
-
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.
As of 12/16/2016 the current base rate is 6.5%.
All commissions, fees and rates are subject to change.