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Cheapest Online Broker? Sogotrade

6:40 PM Posted by MH

Are you looking for more CHEAP online broker?
Deep discount online broker is here called Sogotrade!
SogoTrade doesn't have the high level of name recognition as many other online brokers, but features low-cost trades with fast execution of the orders. Both market orders and limit orders at filled at $3 each. And the account minimum is only $500, which is one of the lowest minimum requirements around.

I still have sogotrade account and used to be a fan of cheap $3 trades.
Yes, it is only $3 per trade, limit or market order, period. I remember they used to have $1 per trade with $10 monthly charge but not anymore.

If you are a casual trader and tight on budget, you should definitely try Sogotrade for sure.
Or heavy daytrader can save money with low cost commissions.

Good side
Only $500 to open an account, no maintenance fee, $3 per trade, fast order execution speed, good customer service, easy to use lay-out. Offer free real-time streaming quotes for stocks.

Bad side
No pre/after hour trade, No Pinksheet trade

I just got email from Sogotrade, that Sogotrade does actually offer OTCBB shares. They were introduced a few months ago with a similar $3 commission for stocks traded below $1.00, the online commission is ½% of the principal value subject to a $3.00 minimum.(5/29/09)

I checked it and it worked but not Pinksheet yet, still what a great improvement.
Thank you Sogotrade.

커미션을 너무 많이 내서 아까우시거나 pinksheet stocks 이나 pre/after 마켓을 하지 않으시거나, 적은 돈으로 처음 주식을 시작해 보시고 싶으시면 한번 트라이해 보세요.
$3불 이라는 싼 커미션은 무시할 수 없습니다.

-Market Hunter-

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