Commissions, Rates, and Fees

SogoTrade Commission Schedule
  • Equity Trades
  • Online (market or limit)* $3
    Unlimited shares *
    Extended Hours (limit only) $3 + $.005/share
    Broker-Assisted ** $25
    Unlimited shares **
  • Option Trades
  • Online $5.00 plus 50¢ per contract
    Broker-Assisted ** $25.00 plus 50¢ per contract
    Options exercise/assignment $15

  • * 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 $27 plus ½% of the principal value.
    *** Free reward trades do not apply to any broker-assisted trades, trades of stock priced below $1.00 per share or trades of pink sheet stock.
    Penny Stocks - BB and Pink Sheet may incur additional transaction fees based on DTC charges. These charges can be substantial. Contact Wang service for info.

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

Mutual Funds
  • Fund Type
    Buy
    Sell
    Exchange
  • No-Load, No-Transaction Fee
    (NTF) Funds*    		 No Fee No Fee No Fee
    No-Load Funds
    (not in NTF program)    		 $15 $15 $15
    Load Funds No Fee $15** $15

  • In addition to the commissions above, NTF and No-Load Fund shares not in the NTF program that are purchased from Sogotrade and are held fewer than 90 days will be charged a $15 short-term redemption fee. Exceptions to Sogotrade 's short-term redemption fee are: Rydex, ProFunds and Direxionfunds families of funds, which are intended for short-term traders. Mutual fund purchase orders at Sogotrade must be the greater of $100 or the fund's minimum initial investment. You must have sufficient settled funds in the account to meet both the applicable minimum and cover transaction fees and other fees prior to placing the trade.

    * NTF funds are subject to the terms and conditions of the NTF funds program. Sogotrade is compensated by the funds participating in the NTF program through record keeping, shareholder or SEC Rule 12b-1 fees.

    ** Not applicable if the fund charges a contingent deferred sales charge.

Miscellaneous Fees
  • SERVICE
    FEE
  • Online trade confirmation Free
    Online account statement Free
    Paper account statement / confirmation $5
    Paper duplicate trade confirmation $5
    Paper duplicate account statement $5
    SEC Fee $0.0000192 / $1 of proceeds as of 1/21/2011
    Margin sellout $27
    ACH fund transfer Free
    Returned ACH fund transfer $30
    Check withdrawal Free
    Returned checks $25
    Outbound wire (domestic / international) $25/$50
    Returned wire (domestic / international) $25/$50
    Account transfer (ACAT) in No Fee
    Full account transfer (ACAT) out $75
    Partial account transfer (ACAT) out $50
    Internal transfer between SogoTrade accounts $10
    Account closing fee No Fee
    Account maintenance fee No Fee
    Inactivity fee No Fee
    Voluntary reorganizations $35
    Legal items $25
    Certificate deposit $75
    Certificate delivered out / reregistered $100
    Certificate delivered out / reregistered (rush service) $350
    Certificate related delivery - through transfer agent $50
    Overnight delivery postage $25
    Saturday delivery postage (continental US) $35
    Non-transferable securities over 6 years $10/per month, per CUSIP
    *** Abandoned Account Fee $10/month
    IRA setup fee Free
    IRA Annual fee $30
    IRA closing fee $50
    IRA ACAT out fee $50
Margin Interest Rates
  • LOAN BALANCE
    INTEREST RATE
  • $0.01 - $9,999.99 6.50%
    $10,000.00 - $49,999.99 6.50%
    $50,000.00 - $99,999.99 5.50%
    $100,000.00 - $149,999.99 5.50%
    $150,000.00 - $249,999.99 5.50%
    $250,000.00 - $499,999.99 4.50%
    $500,000.00 - $999,999.99 4.50%
    $1,000,000.00 and above 4.50%

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

Cash Interest Rates
  • FREE CASH BALANCE
    INTEREST RATE
  • $0.01 - 2,499.99 0.00%
    $2,500 - 9,999.99 0.00%
    $10,000.00 - 49,999.99 0.00%
    $50,000.00 - 99,999.99 0.00%
    $100,000.00 - 249,999.99 0.00%
    $250,000.00 - 499,999.99 0.00%
    $500,000.00 - $999,999.99 0.00%
    $1,000,000.00 and Greater 0.00%
Margin Call Description
  • Call Type (Acronym)
    Due Date in Business Days
    Trigger
  • Daytrade Call (DT) T+5* Insufficient Daytrade Buying Power (DTBP) to satisfy initial requirement on daytrading transactions.
    Money Due Call(MD) T+5* Insufficient available funds to satisfy requirements on cash account transactions.
    Reg T Call(RT) T+5*(Equities)
    T+2*(options)    		 Insufficient Overnight Buying Power (ONBP) to satisfy initial requirement on opening transactions.
    Concentrated Maintenance (CM) T+3* Account margin equity falls below concentration maintenance requirements.
    Equity Maintenance (EM) T+3* Pattern Daytrade (PDT) account equity falls below $25,000 minimum.
    Required Maintenance(RM) T+3* Account margin equity falls below FINRA minimum maintenance requirements.

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

All commissions, fees and rates are subject to change.

*** An account that has less than $100 in equity (account equity is calculated for abandoned account fee determination purposes on the last day of each month.) and has not had log in activity for a period of two years will be subject to a $10 monthly abandoned account fee. The fee is charged on the first day of the full month following the two year anniversary of an account's last log in date. For instance, if an account with $10 in equity has not had log in activity since October 13, 2008, a fee would be charged on November 1, 2010. Fees would continue to be charged on a monthly basis until the equity in the account meets or exceeds $100*, until the account balance reaches $0 or until the account holder(s) logs in to the account. If the balance in an account is less than $10, the entire balance will be used to cover the fee. If the abandoned account fee creates an unsecured debit balance in an account, securities in that account may be liquidated to satisfy the fee. Standard online stock and option trade commission rates will apply.