SogoTrade

SogoTrade Information

SogoTrade, an online brokerage company in the United States, was founded in 1986. It provides low-cost access to stocks, ETFs, options, cryptocurrencies, and margin trading. While its fees are appealing, particularly for busy traders, the company lacks regulatory control and does not provide demo or Islamic accounts, which may cause anxiety for certain investors.

Pros and Cons

Is SogoTrade Legit?

SogoTrade is not now governed by any acknowledged financial authority, no. Though registered in the United States, it lacks a legitimate license from the U.S. Securities and Exchange Commission (SEC).

WHOIS records show the name sogotrade.com was registered on September 7, 2005, last modified in 2015, and will expire on September 7, 2025. The domain is live with a “client transfer prohibited” status, meaning it is restricted from being transferred without the owner's consent.

What Can I Trade on SogoTrade?

SogoTrade provides a diverse range of trading and investment products, including stocks, ETFs, options, cryptocurrencies, margin trading, and automated portfolios for both active and long-term investors.

Account Type

SogoTrade provides a broad spectrum of live account kinds including individual, joint, company, IRA, and custodial accounts. It does not, however, offer Islamic (swap-free) accounts or demo accounts.

SogoTrade Fees

SogoTrade's fees are typically lower than the industry average, particularly for stock and options trading and margin interest rates. It also has no minimum deposit requirement, making it suitable for new investors.

Trading Platform