Cheapest Online Broker? Sogotrade
6:40 PM Posted by MH
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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