Month: February 2017

SogoTrade Ranks “Best in Class for Commissions and Fees” For The Second Year In A Row By StockBrokers.com

ST. LOUIS, Feb. 28, 2017 /PRNewswire/ — SogoTrade received a ranking of “Best in Class” among the top online stock brokers for low cost commissions and fees, and a remarkable 4 stars for both customer service and options trading in the 2017 Online Broker Review by StockBrokers.com.

“SogoTrade is honored to rank among the best brokers for low-cost commissions and fees,” said Jonathan Yao, CEO at SogoTrade. “We strive to offer the lowest stock trade commissions in the industry.”

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SogoTrade Lowers Commission To $3 For New Customers

ST. LOUIS, Feb. 7, 2017 /PRNewswire/ — Starting February 1, 2017, SogoTrade began offering $3 trades for one full year to any new customers opening an account with $10,000 or more.

With TD Ameritrade about to acquire Scottrade, SogoTrade will become the lone discount online brokerage firm in St. Louis, Missouri. With the ongoing mergers and acquisitions within the online brokerage industry, SogoTrade is making waves to reel in new customers.

“In the past year and a half, SogoTrade has been evolving our brand image,” said Jonathan Yao, CEO at SogoTrade. “Our recently redesigned website – which is easy to navigate and modern in appearance – reflects who we are as a financial services company. Now, we are reducing our already low commissions rates for a limited time to encourage online investors who haven’t yet tried SogoTrade to give us a try. This promotion is quite bold for SogoTrade, but it reflects our commitment to investors and to the future of our company. We plan to be around for a very long time.”

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SogoTrade is a member of SIPC, which protects securities customers of its members up to $500,000 ($250,000 for cash). For more details, please see www.sipc.org. Our clearing firm, Apex Clearing, has purchased an additional insurance policy, which provides protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer's securities and $900,000 for any one customer's cash. The SIPC protection and this additional insurance do not protect against a loss in the market value of securities, and do not apply to cryptocurrency transactions.

Portfolio management and advisory services are provided by MarketRiders, Inc. (doing business as SogoTrade Asset Management ("SAM")), a registered investment advisor. Brokerage services are provided by SogoTrade, Inc. SAM provides discretionary advisory services for a fee. SAM and SogoTrade, Inc. are separate entities under common ownership.

Before investing carefully consider the underlying objectives, risks, charges, and expenses of the investment product. All investments involve risk, including loss of principal. Past performance does not guarantee future results. There is no assurance that the investment process will consistently lead to successful investing. Asset allocation and diversification do not eliminate the risk of experiencing investment losses. ETFs can entail risks similar to direct stock ownership, including market, sector, or industry risks. Some ETFs may involve international risk, currency risk, commodity risk, and interest rate risk. Trading prices may not reflect the net asset value of the underlying securities. Risks applicable to any portfolio are those associated with its underlying securities. For more information, please see the SAM Disclosure Brochure (Form ADV Part 2A).

Important Note: Options involve risk and are not suitable for all investors. For more information please read the Characteristics and Risks of Standardized Options. Please note fees, commissions and interest charges should be considered when calculating results of options strategies. Transaction costs may be significant in multi-leg option strategies, including spread, as they involve multiple commission charges. SogoTrade does not provide tax advice. Please consult with a tax advisor as to how taxes may affect the outcome of options transactions/strategies.

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