Best Reviews TopConsumerReviews.com Best Online Stock Brokers Best Reviews
Best Reviews
      November 15, 2018

Home  >  Online Stock Brokers  >  Sogo Trade Review

Best Online

Stock Brokers

  1. Firstrade
  2. Fidelity
  3. Charles Schwab
  4. E Trade
  5. Merrill Edge
  6. Trade Station
  7. Speedtrader
  8. Robinhood
  9. Sogo Trade

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
7 Ways to Lose Money in the Stock Market Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Flower Delivery

Guitar Lessons

Hair Loss

Lice

Menopause Relief

Online Stock Brokers

Watches

 

Individual Reviews

TD Ameritrade

Firstrade

Fidelity

Charles Schwab

E Trade

Merrill Edge

Trade Station

Speedtrader

Robinhood

Sogo Trade

 

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

Better Business Bureau Reliability Seal

Sogo Trade Review

Best Online Stock Brokers

To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth Sogo Trade Review.

To see ALL of our reviews for the Best Online Stock Brokers, please Click Here

Who is the Best Online Stock Broker? Whether you consider yourself an avid investor or a beginner just starting to look into the stock market, it's easy to get overwhelmed by all of the stock trading options. Although some people still use traditional stock brokers, many people have found they can save a lot of money by trading stocks themselves.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with "professional" stock brokers. Many of these individuals try to convince you to buy or sell stocks, because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

Continue reading below reviews

Best Reviews

2018

Online Stock Broker Reviews

2.5 stars
Sogo Trade

SOGO TRADE Visit Site

Cost:

$4.88/trade on stocks

$2.88/trade on stocks with 150+ trades each quarter

Minimum Deposit:

None

SogoTrade has been serving investors since 1986, aiming to provide the best value for your investment dollars. They tell you upfront that they serve "independent, self-directed" investors - in other words, you'll need to use their educational/research tools to make the most informed decisions about your stock trades. A separate service, Sogo MarketRiders, is available if you prefer more personalized guidance from your online stock broker.

SogoTrade is, at its heart, a discount online stock broker. Although they have tools for the average investor, their best fit is probably for active traders - definitely not those who want to put their money in the market and forget about it.

The SogoTrade platform reflects that "bargain brokerage" mentality: no fancy graphics, no cutting-edge tech, just spreadsheets, tickers, and so on.

You'll also see that in their pricing. While they advertise a low $2.88/trade, you'll need to be making at least 150 trades each quarter to get that price. Otherwise, expect to pay a base rate of $4.88/trade. SogoTrade also offers "prepaid trades" in quantities of 20 or 50, which can bring your rate down to that same $2.88 price without the 150+ trades requirement.

SogoTrade used to be the lowest-priced online stock broker on the market, but as the industry has changed and many brokerages are offering lower-cost (and even no-cost) trades, SogoTrade seems to leave investors with the lower-quality platform without delivering any added value in exchange. We recommend you choose another online stock broker in our review

Visit Site

Continued from above

And, of course, with fluctuations in the economy, and subsequent rises and falls in stock prices, some people panic and pull out significant investments - leaving the door wide open for others to take advantage of big opportunities to buy low and hopefully sell high later.

Of course, the best online stock brokers do have the option to work with a consultant if you choose. Especially if you're just starting to learn about investments, you may feel more comfortable knowing you can access an expert if the need arises. These services may be included, or you may have to pay for them a la carte.

So, when choosing the right online stock broker for your needs, how do you know which one is best? Before you jump in and start buying up your shares in Apple or Coca-Cola, here are some factors to keep in mind:

  • Information. From beginners to experts, having up-to-date information on the stock market is critical. What resources does the online stock broker have available to guide you in your decision-making?
  • Fees. When purchasing your stocks, will you be charged a percentage of your total buy or a flat fee? When the time comes to sell, what will you pay?
  • Reputation. What do other investors say about their experience buying and selling with the online stock broker? Have they had positive interactions with the broker when they've needed help? How many investors have chosen this particular broker's services?

TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose the right broker for your stock buying and trading needs!

Best online brokers for stocks

The standard pricing for stock trades is $4.95 and options are $4.95 plus an additional $0.65 per contract - making it one of the lowest-cost online brokers. You aren't trading in customer service for ...

Published:  Fri, 02 Nov 2018 22:24:00 GMT



Stock market formally switching to online system

Nepal Stock Exchange (NEPSE) is starting online trading based on a fully automated system on the direction of the Securities Board of Nepal (SEBON), regulator of securities market, according to ...

Published:  Mon, 05 Nov 2018 02:07:00 GMT



Banking sector rebound lifts stock market

Transaction proceedings on the floor of the Nigerian Stock Exchange (NSE), yesterday ... At the close of trading, the total volume of trades spiked by 181.30 per cent to 399.76 million units ...

Published:  Tue, 13 Nov 2018 20:02:00 GMT



Tech giants slide, pulling US stock market sharply lower

The Russell 2000 index of smaller companies gave up 19 points, or 1.3 percent, to 1,529. Bond trading was closed for Veterans Day. The stock market was coming off a two-week winning streak for the ben...

Published:  Mon, 12 Nov 2018 09:36:00 GMT



Chinese leaders struggle to dispel stock market gloom

Today, most of those have closed as trading shifted online. Three-quarters of Chinese trading accounts are worth less than 500,000 yuan ($71,000), according to the Shenzhen Stock Exchange, and most tr...

Published:  Sat, 10 Nov 2018 16:32:00 GMT



Why the US stock market is down today

Bond trading was closed for Veterans Day ... medical billing software maker received a $5.7 billion cash buyout offer. NOVEMBER TURN: The stock market is coming off a two-week winning streak for the b...

Published:  Mon, 12 Nov 2018 16:54:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure