Question

What is SogoTrade?

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Answer

Wang Investment Associates Inc is your broker dealer. SogoTrade, the online retail brokerage division of Wang Investments was founded in 2006. SogoTrade's goal is to offer the lowest commission prices, the fastest executions, the friendliest customer service, and the most advanced trading technology in order to create the most value for its clients.

 With our proprietary trading center, active traders benefit from our rapid and easy-to-use order entry center which will allow you to place, track, cancel, and adjust orders all with just one click.

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Question

Is my brokerage account insured and protected?

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Answer

Wang investments' is a member of the Securities Investor Protection Corporation (SIPC). Funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org

Our clearing firm has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2.15 million. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

Question

What advantages does SogoTrade, division of Wang Investments offer?

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Answer

Online stock and ETF trades for $3.00. Online option trades for $5.00 plus 50¢ per contract.
SogoTrade’s goal is to combine low commissions, fast execution, friendly service and advanced technology to create the best value for our customers. Paying low commissions is essential for both active traders and long-term investors. SogoTrade’s pricing not only allows you to save in costs, it also allows you to take advantage of smaller market movements. With online stock trades as low as $3.00 and no hidden account inactivity or account minimum fees, it’s easy to see why Forbes magazine calls SogoTrade "The Deepest Discount Broker."

*For stocks trades below $1.00, the online commission is ½% of the principal value subject to a $3.00 minimum.
*For stocks priced below $1.00, the broker-assisted trade commission is ½% of the principal value subject to a $25.00 minimum. View Examples.

Free electronic (ACH) deposits and withdrawals
Deposits and withdrawals to and from your SogoTrade account are free and easy. Simply link an external checking account and you are ready to initiate transfers online.

Question

How much does it cost?

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Answer

Equity Trades

Sogotrade Commission
Online (market or limit)* $3.00 Unlimited shares *
Broker-Assisted Trade ** $25 Unlimited shares **
 

Option Trades

 
Online $5.00 plus 50¢ per contract
Broker-Assisted Trade ** $25.00 plus 50¢ per contract
 
 Monthly Fee  $0
 Account Minimum  $500
 Electronic Fund Transfers  $0
 Inactivity Fees $0

* For stocks priced under $1.00, the online commission is $3 plus ½% of the principal value.
* For trades of more than 100,000 shares, please contact customer service for assistance.
** For stocks priced below $1.00, the broker-assisted trade commission is $25 plus ½% of the principal value.View Examples.

SogoTrade offers many convenient funding options including ACH electronic transfers, check deposits, and wire transfers.

Question

What types of accounts can I open with SogoTrade, a division of Wang Investments ?

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Answer

The following account types are offered:

Question

How do I get started?

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Answer

It’s easy to start. Just open an account, fund your account and start trading.

Open an Account
SogoTrade offers margin and option accounts for individuals, joint account holders and businesses. Complete an individual or joint account application online. The online application takes less than 5 minutes to complete. To open a business account, complete a business account application form

Fund Your Account
Once your account is activated, you can fund your account by wire transfer,Visit our Move Money page for instructions on each method.

Start Trading
Learn about stock, ETF and option trading through articles on SogoTrade’s Knowledge Center .Research stock ideas on our stock research center, powered by Dow Jones, Place a stock trade on our stock trading center or an option trade on our options trading center.

Question

How do I fund my account to buy stock?

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Answer

Funding Electronically
The account funding process is very simple. For electronic funding, the only thing you need to know is the bank account information, which is the account number and routing number. Take a look at a check from your checkbook to find the routing and account numbers for your bank account. Please note only one bank account may be linked to your account at any one time. Electronic funding is free and convenient. .

Funding via Wire Transfer
A wire transfer is almost immediate, with the money appearing in your account on the next business day. However, the cost is typically $25, and since the funding is not recurring, you will have to keep making wire transfers if your investments are being done automatically.

Funding with a Check
You can mail us a check, but just like with a Wire Transfer, the funding is not recurring; you will have to keep sending us checks if your investments are being done automatically. It will take at least 10 business days to process your check once we receive it.