SogoTrade is an online brokerage that offers a variety of prepaid packages. These prepaid packages are great for those who don’t want to deal with dealing with large sums of money on a regular basis. The prices for these packages vary based on the type of asset you want to buy or sell, but if you’re comfortable with small trades, this may be the right platform for you. You can find a wide variety of products at a low price, and SogoTrade’s prepaid packages range from twenty to fifty trades. The fees are low, and you won’t have to worry about periodic maintenance or inactivity fees. You’ll also have access to online statements for free, and paper statements are only $5 per month. If you’re a seasoned investor, you can open an IRA account with SogoTrade. The only draw
For active traders, SogoTrade offers a variety of research tools, as well as options strategies, but it’s not a full-service platform. While it doesn’t offer analyst overviews or stock research, SogoTrade’s SogoOptions platform is worth checking out if you’re looking for a more sophisticated platform. This platform also has access to a personalized financial advisor and managed account services. Its interface is easy to navigate, and it shows your account details.
SogoTrade offers live chat and telephone support. Their support representatives are available from Monday to Friday but don’t offer weekend support. A customer can contact SogoTrade via their Facebook and Twitter accounts. In addition to phone support, they also have a YouTube channel. SogoTrade also offers educational resources for traders. You don’t need to be a professional to use SogoTrade’s service. The service is geared toward active day traders and offers a low commission fee prepay option.
SogoTrade’s order routing system uses smart order router technology to select the best trading venue for your order. It also avoids venues that don’t trade order details. The smart order router also reacts to market conditions and reroutes your order if it encounters technical problems. While SogoTrade offers a number of advanced tools, it lacks the sophistication of more sophisticated platforms. As a result, it’s difficult to gauge the effectiveness of SogoTrade’s trading tools.
SogoTrade offers three types of trading accounts: cash accounts, margin accounts, and investment accounts. You can open an account with a minimum of $100 for stocks priced under $1. You can also use the mobile app for SogoTrade to access your trading account. Alternatively, you can also log into your account from any device via the desktop app. If you don’t have an internet connection, you can also use the SogoTrade app on your smartphone.
SogoTrade is an online discount broker offering a wide selection of popular assets. It also supports the Chinese language, offers support for cryptocurrencies, and features specialized software for option traders. If you’re an active trader, SogoTrade may be right for you. Its low-priced prices have made it a popular choice for many traders. But as more online brokerage platforms move toward zero-commission models, SogoTrade is losing its identity as an affordable option.