SogoTrade review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
SogoTrade is a US broker for self-directed traders who want one account holding shares, ETFs, options, bonds, funds and crypto. The entry deposit is $500, higher than most rivals, so the case rests on trading costs staying low across a mobile app and desktop platforms.
Key facts
- Best for
- Holding shares, ETFs, options, bonds, funds and crypto in a single US account.
- Minimum deposit
- $500↗
- Stock trade fee
- $0↗
- Markets
- Stocks, ETFs, Options, Crypto, Bonds, Funds↗
- Regulators
- FINRA, SIPC↗
- Investor protection
- SIPC up to USD 500,000↗
- Margin rate
- 9.75%↗
- Options contract fee
- $0.50↗
- Platforms
- SogoTrade NextGen, SogoOptions, Mobile app↗
- Legal entity
- SOGOTRADE INC↗
- Headquarters
- United States↗
- Support channels
- Email, Chat, Phone↗
- Features
- Crypto, Options, Mobile app
- Pricing model
- Commission-free
- Audience
- Experienced traders, Beginners
- Official website
- sogotrade.com
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- Stock trades cost $0 on a commission free pricing model.
- Investor protection is listed as SIPC up to USD 500,000 under a FINRA and SIPC registration.
- Markets span stocks, etfs and options on the same account.
- Help runs on email, chat and phone, so questions can be asked by phone as well as online.
Cons
- Opening an account takes $500, which leaves a small first deposit out of reach.
- Options contracts cost $0.50 each and margin borrowing is priced at 9.75%, so a commission-free model does not mean free trading.
Who it suits
- Self-directed traders buying shares and ETFs who want to keep trade costs at $0.
- Investors who want stocks, ETFs, options, bonds, funds and crypto under one login.
- Traders holding US dollar assets who want protection listed as SIPC up to USD 500,000.
Who should look elsewhere
- Anyone starting with a very small deposit, since CFI takes a minimum deposit of $0.
- Euro-based buyers wanting a lighter entry, as bunq opens at €10.
- Borrowers rather than traders, since Fiesta Credito MX works under CONDUSEF and not this broker's regulators.
Where it sits among rivals
On the stock trade fee SogoTrade sits at 1 out of 166 brands, so it leads that ranking. The picture reverses on the minimum deposit, where it ranks 182 out of 218 compared brands. Cheap trades and a high entry amount are the trade-off here.
Who runs it
The broker trades as SOGOTRADE INC and sits in the United States. Its registration record reads SIPC member 35930, which places the account inside the US compensation scheme. Support runs on email, chat and phone, so email, chat and phone all lead to the same desk. Investors dealing in dollars get a US counterparty rather than a European one.
How SogoTrade compares
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 8.3
9.2 vs 8.5
9.2 vs 9.4
9.2 vs 9.3
9.2 vs 8.7
9.2 vs 9.2
9.2 vs 8.7
9.2 vs 8.6
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.0
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.8
Where SogoTrade is available
- Available
- United States
- Licence in United States
- FINRA, checked September 26, 2026
- Licence in United States
- SIPC (SIPC member 35930), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to buy shares?+
Stock trades are charged at $0 and the account runs on a commission free model, so commission does not appear on a share purchase. Other charges still apply on other instruments, so check the options and margin rates before trading them.
How much do I need to deposit to open an account?+
The opening deposit starts at $500. That is the amount the broker asks for before an account can be funded, and it sits higher than most rivals in the same comparison, so plan the first transfer around it.
Who regulates SogoTrade and is my money protected?+
The broker is registered with FINRA and SIPC, and its investor protection is listed as SIPC up to USD 500,000. The membership record reads SIPC member 35930, so the protection on holdings comes from a US compensation scheme rather than a national deposit guarantee.
What markets and instruments can I trade?+
The account covers stocks, etfs and options, with crypto, options and mobile app also listed among its features. Equities, fixed income and digital assets sit under one login rather than a separate account for each asset class.
What do options and margin cost?+
Each options contract is charged at $0.50, and margin borrowing is priced at 9.75%. Those are the charges that sit outside the commission-free share pricing, so leveraged and options positions work out at a different rate from plain share trades.
Which platforms and apps can I use?+
Trading runs on SogoTrade NextGen, SogoOptions and mobile app, and a mobile app sits in the feature list as well. The same set serves experienced and beginners investors, so a beginner and an experienced trader use the same tools.
How do I reach customer support?+
Help runs on email, chat and phone. Email, chat and phone are all listed, so an investor can take a call for anything urgent and use chat for a quick question about an order.
Is SogoTrade aimed at beginners?+
The listed audience covers experienced and beginners investors, so both beginners and experienced traders are served. Beginners can start with the commission-free share pricing and check the $0.50 contract charge before moving into options.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Legal entity, Licences
“reportingFileNumber=35930; name=SOGOTRADE INC”
- sogotrade.com checked September 26, 2026
Backs: Audience, Features, Platforms
“Designed with active self-directed investors in mind”
- sogotrade.com/commissions.aspx checked September 26, 2026
Backs: Margin rate, Markets, Pricing model, Options contract fee, Stock trade fee
“$0 - $9,999 BASE + 2.50% 9.75%”
- sogotrade.com/contact-us.aspx checked September 26, 2026
Backs: Headquarters, Investor protection, Regulators, Support channels
“1 McBride and Son Center Dr. Suite 288 Chesterfield, MO 63005”
- sogotrade.com/products/products.aspx checked September 26, 2026
Backs: Minimum deposit
“meets the $500 account equity minimum and places one online equity trade”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Account fee, Inactivity fee, Retail accounts that lose money.
SogoTrade
Holding shares, ETFs, options, bonds, funds and crypto in a single US account.