SogoTrade: Fees, Features, and More (2026)
SogoTrade takes a lean, stock‑focused approach: limit orders trade free, while market orders cost $2.88—a pricing structure unusual among online brokers. The platform supports options at $0.50 per contract, bond trading, and margin or IRA accounts, but it omits mutual funds entirely, favoring a streamlined product lineup. For hands‑off investors, SogoTrade’s “Power Portfolios” robo‑advisor is available at a 0.75% advisory fee, all on a web‑based interface cleared through Apex.
| Feature | |
|---|---|
| Website | https://www.sogotrade.com/ |
| Broker Type | Discount (online self-directed) |
| Trading: Stock & ETF? | Yes |
| ETF & Stock commission | $0 qualifying limit (100+ sh or ≥$2k principal, ≥$1/sh); $2.88 market/odd-lot/OTC |
| Fractional Shares? | No |
| Percent Allocations? | No |
| Crypto Trading? | Yes, via Bakkt (individual non-retirement accounts; ~33 coins; all 50 US states, NY USDC restriction). |
| Crypto Fees | Greater of $1 or 1% of trade value (Bakkt); other account fees may apply. |
| Options Trading? | Yes. |
| Options Fee | $0 + $0.50 per contract online; $25 + $0.50 broker-assisted; plus ORF/OCC/regulatory fees. |
| Bond Trading Available? | Yes, broker-assisted only ($30 + $1 per bond, $250 max) for Treasuries, corporates, CDs. |
| Receives payment for order flow (PFOF)? | Yes |
| Interface: Web trading? | Yes (SogoTrade Pro web platform and mobile app). |
| Desktop trading? | No |
| API Trading? | No |
| Mutual Funds: Offered? | Yes, broker-assisted only |
| Total Mutual Funds | Not verified |
| NTF Mutual Funds | None |
| Non-NTF Fund Fee | $25 broker-assisted |
| Early Redemption Fee? | Not verified |
| Redemption Hold (Days) | not applicable |
| Early Redemption Fee | not applicable |
| Accounts: Margin Accounts? | Yes |
| IRAs Offered? | Yes |
| HSAs Offered? | No |
| Money Market Sweep? | No |
| CDs Offered? | No |
| Robo-Advisor: Offered | Yes |
| Robo-Advisor Service | Power Portfolios |
| Robo-Advisor Fees | 0.75% |
| Basics: Headquarters | New York, NY |
| Year Founded | 1986 |
| Clearing Firm | Apex Clearing |
| Local Branches? | No |
| New Account Minimum | unavailable |
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