It's easy to start. Just open an account, set up funding, and start investing!
Understand Investing
In order to start investing with SogoTrade, we strongly suggest that you first read through the Education Section.This will give you a general overview of the things you need to know prior to setting up your account. This includes understanding of the stock market, investment strategies,and the investing process.
Open an Account
The account opening process is very simple, and takes about 5 minutes to complete. The New Account Application section contains a help section, so all your account opening questions are answered immediately. It only takes a few minutes to open a SogoTrade account. Click here to watch a demonstration video.
Fund Your Account
The account funding process is also very simple. For electronic funding, the only thing you need to know is the bank account information, which is basically the account number and routing number. Take a look at a check from your checkbook to find the routing and account numbers for your bank account. Electronic funding is free.
Once you have set up a bank account to fund your investments, you can set up scheduled electronic funding from that account. You can select how often you would like to fund your account, whether one time, daily, weekly, or monthly, as well as choose what account to use if you have multiple bank accounts listed with SogoTrade. You can also select a starting date for your fund transfers.
Your account can also be funded with a wire transfer or by mailing a check. Wire transfers are usually quick, but cost around $25. Mailing a check is free, except for postage of course, but will take at least 10 business days to process once we receive it.
Funds necessary to purchase stock through scheduled investment trades must be available in your account by 1:00 PM the trading day prior to the scheduled investment day.If funds are not available by this time, your scheduled investment trade will not execute. SogoTrade offers many convenient funding options to meet this cutoff time including one-time and recurring
ACH electronic transfers, check deposits, and wire transfers.