SogoTrade: Platform Profile

Overview

SogoTrade is unusual because its headline stock price depends on how the order is entered.

Current pricing distinguishes:

• qualifying non-penny limit orders;
• qualifying odd-lot limit orders;
• market orders;
• non-qualified odd lots;
• OTC securities;
• penny stocks.

The platform also offers:

• options;
• IRAs;
• margin;
• fixed income through representative-assisted trading;
• crypto through Bakkt;
• web and mobile trading tools.

The most important pricing correction is:

SogoTrade is not simply a universal $0-stock broker.

May fit better for

• self-directed investors comfortable using qualifying limit orders;
• options traders who value a $0.50 contract fee;
• investors who understand order-type pricing;
• users who want an integrated Bakkt crypto account;
• margin users whose balance qualifies for lower published tiers;
• investors who value the GP2T limit-order credit program.

May fit less well for

• investors who mostly use market orders;
• users who want the simplest possible pricing;
• investors trading low-priced securities;
• investors who assume "$0 limit order" means guaranteed execution;
• crypto investors who want direct wallet control and on-chain transfers;
• investors who rely on stale SogoTrade FAQ pages.

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Regulatory identity

Current BrokerCheck:

• Legal name: SogoTrade, Inc.
• FINRA CRD: 17912
• SEC number: 8-35930
• SEC registered broker dealer: Yes
• FINRA member: Yes
• SIPC member: Yes

SogoTrade's current Form CRS describes the brokerage as self-directed and states that it does not make investment recommendations in the ordinary self-directed relationship.

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Clearing firm

Current customer-facing protection disclosures identify:

• Clearing firm: Apex Clearing Corporation
• Apex SIPC member: Yes

Apex provides custody/clearing infrastructure.

SogoTrade also references Apex excess insurance:

• Apex excess:
• Aggregate: $150 million
• Per customer securities max: $37.5 million
• Per customer cash max: $900,000

This excess coverage does not insure market losses.

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Qualifying $0 limit orders

Current pricing states:

• Qualified non penny limit order commission: $0

To qualify, the non-penny stock limit order generally must be:

• 100 shares or greater; or
• if under 100 shares, at least $2,000 in principal.

The order must satisfy the published qualification requirements.

"All limit orders are free."

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GP2T credit

Current Get Paid to Trade structure:

• GP2T:
• Credit: $1 per 1,000 shares
• Per share: $0.001
• Qualifying limit order required: Yes
• Regular market hours required: Yes

The order must meet the pricing conditions at execution.

A limit order can fail to execute.

The potential credit does not make a non-executed order economically better than an order that actually fills at a favorable price.

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Market and non-qualified order pricing

Current pricing:

• Market order: $2.88
• Non qualified odd lot: $2.88
• OTC order: $2.88
• Broker assisted stock order: $25

Low-priced securities below $1 also have additional fee rules.

This is why a simple "$0 commissions" label would be materially misleading.

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Options pricing

The current main pricing and current options page state:

• Options:
• Base commission: $0
• Contract fee: $0.50
• Broker assisted: $25 + $0.50 per contract
• Exercise assignment: $15

Regulatory and OCC clearing charges can also apply.

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Stale-page notes for options

An older SogoTrade FAQ page still displays:

• Old options base: $5 + $0.50 per contract

Do not use that old FAQ value as current.

The current main pricing page and current options page both state:

• Current options base: $0
• Current contract fee: $0.50

This conflict must be resolved in favor of the current pricing pages supplied in this package.

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Options example

25 contracts:

25 × $0.50 = $12.50

current contract fee before applicable regulatory/OCC charges.

Exercise or assignment can add the current $15 fee.

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Fixed income

Current main fee schedule:

• Fixed income broker assisted:
• Base: $30
• Per bond: $1
• Maximum: $250

This applies to the current listed categories:

• Treasuries;
• corporate bonds;
• CDs.

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Crypto through Bakkt

SogoTrade provides access to a separate Bakkt crypto account.

Current platform state:

• Crypto provider: Bakkt
• Supported crypto: 33
• Crypto fee: greater of $1 or 1% of trade value

SogoTrade assists with access and money movement between SogoTrade and the Bakkt relationship.

The crypto account is not the SogoTrade securities brokerage account.

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Crypto fee example

$50 trade

1% equals:

$50 × 1% = $0.50

But the minimum fee is $1.

Current fee:

$1

$2,000 trade

1% equals:

$20

Current fee:

$20

The formula is:

greater of $1 or 1% of trade value.

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Crypto custody and transfer limitations

Current Bakkt-linked product disclosures state that digital assets are held under the Bakkt relationship.

The product is designed primarily for buying and selling within the linked account.

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Crypto protection

• SogoTrade securities SIPC: Yes
• Bakkt crypto SIPC: No
• Bakkt crypto FDIC: No
• Crypto market loss protection: No

The SogoTrade SIPC relationship does not extend to digital-asset market value.

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Current crypto count conflict

The main current SogoTrade site and current crypto page state:

• Supported crypto: 33

Some mobile/legacy snippets contain inconsistent older counts.

Use 33 as the current supplied count.

Keep it as an update trigger.

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Margin rates

Current online margin schedule:

• Margin:
• "$0-$9,999": 12.75%
• "$10,000-$49,999": 11.75%
• "$50,000-$99,999": 10.75%
• "$100,000-$249,999": 9.50%
• "$250,000-$499,999": 9.00%
• "$500,000-$999,999": 8.50%
• "$1,000,000+": 8.00%
• Base rate: 10.25%
• Base rate date: 2025-12-11

Older PDF schedules can contain slightly different numbers.

Use the current HTML pricing schedule in the source registry.

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Account types

Current SogoTrade account lineup includes conventional securities accounts and retirement accounts.

Assessment

SogoTrade's pricing can be attractive for a user who understands the rules.

A qualifying limit order can cost $0 and can even earn a small GP2T credit.

A market order costs $2.88.

An options contract costs $0.50.

Crypto costs the greater of $1 or 1%.

Those are four materially different pricing models inside one platform.

That complexity is both the opportunity and the weakness.

The investor who simply reads the largest "$0" headline can misunderstand the product.

The accurate summary is:

SogoTrade rewards qualifying limit-order behavior; it does not offer universal zero-cost execution across order types.