Author: Linda Gaal

ST. LOUIS, MO, November 15, 2021/PRNewswire – SogoTrade, a digital brokerage subsidiary of Sogo Financial Group, Inc. (“Sogo”), has partnered with EvoShare, a microsavings-oriented FinTech startup based in Berkeley, CA, to bring cash-back savings opportunities to its customers.

“Cash-back offers are popular and incentivize people who spend money at retailers, restaurants, hotels, and more,” said Jonathan Yao, CEO of SogoTrade. “SogoTrade is excited to partner with EvoShare, bringing a robust cash-back savings infrastructure to everyday people, enabling them to earn on everyday spending and invest in their future.”

EvoShare’s proprietary system turns a percentage of every dollar spent at over 10,000 partnered local and online stores into contributions into the participant’s SogoTrade brokerage account.

“When customers checkout at participating online retailers, they can earn up to 30% cash-back that can build up their financial safety net,” Yao said. “This cash-back can be automatically deposited directly into your SogoTrade account.”

“We’re confident the partnership between EvoShare and SogoTrade will make saving for the future easier for all SogoTrade customers,” said CEO of EvoShare Eugeny Prudchyenko.

The cash-back earned through EvoShare is in addition to any other credit card incentives; it doesn’t replace them. Participants shop and dine as usual at participating merchants.

New and existing customers get free access to EvoShare. “With your SogoTrade account, the EvoShare monthly fee is waived. You’ll get free access to an EvoShare membership,” said Yao. “This is just another advantage of having an account at SogoTrade.”
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–  The first ETF to be added to the program is the ETFMG Treatments, Testing and Advancements ETF (ticker GERM)

–  Customers can receive a $3 rebate for every 1000 shares of ETFMG’s GERM that they buy on a qualifying open order (non-marketable limit order)

1. LOUIS, MO, February 1, 2021/PRNewswire – SogoTrade, a digital brokerage subsidiary of Sogo Financial Group, Inc. (“Sogo”), announced today that it has expanded its innovative “Get Paid to Trade” program, bringing additional benefits to its customers.

In June of 2020, SogoTrade first announced its pilot “Get Paid to Trade” program, where customers not only enjoy $0 commissions, but get paid up to $1 for every 1,000 shares traded on qualifying limit orders.*  Today, SogoTrade announced that investors are now eligible to receive up to 3X that amount—or, $3 for every 1,000 shares traded—on qualifying limit orders for certain exchange-traded funds (ETFs).  The first ETF to be added to the program is the ETFMG Treatments, Testing and Advancements ETF (ticker GERM).  The program is open to existing customers as well as new customers of SogoTrade.  Investors can learn more about the program at SogoTrade.com/GERM.

“Exchange rebates in the past have been largely reserved for high frequency trading firms and institutions,” said Jonathan Yao, CEO of SogoTrade. “SogoTrade is leveling the playing field by bringing this revenue sharing opportunity to everyday investors.”

Kris Wallace, Executive Vice-President and head of trading at SogoTrade, explained how the program works: “When a customer places a limit order for the GERM ETF, this order type will now generate revenue for SogoTrade customers who participate in the program. Typically, brokerage firms pocket this extra revenue but with ‘Get Paid to Trade,’ SogoTrade will credit investors for qualified limit orders—up to $3 for every 1,000 shares traded in the GERM ETF.”
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– The partnership will provide the opportunity for both companies to expand their online brokerage services throughout Asia and North America

– KGI Asia is the lead investor in Sogo’s Series A investment round

ST. LOUIS, Aug. 20, 2019 /PRNewswire/ — SogoTrade, a digital brokerage subsidiary of Sogo Financial Group, Inc. (“Sogo”), today announced the launch of a strategic international partnership with KGI Asia (“KGI”), one of Hong Kong’s largest brokerage firms. The SogoTrade-KGI partnership is expected to generate new IT and financial advisory positions in the St. Louis area over the next several years and is another example of how the St. Louis region continues its importance as a world financial center.

Sogo CEO Jonathan Yao said, “Once SogoTrade’s digital trading platforms have been integrated with the KGI trading infrastructure, KGI clients will have the ability to quickly open online accounts, easily trade stocks and options on American and Asian exchanges, and they will have the ability to invest in innovative products, such as cryptocurrencies and investment portfolios, using Sogo’s wealth management tools and robo-advisory services.”

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