Prepaid Trade Program
- Lower Your Commission Rate!
When deciding where to invest money online, commissions are often a deciding factor. SogoTrade's current commission rate is only $5 per trade* which makes investing online very affordable for all types of investors. Even better, with SogoTrade's
Prepaid Packages, you can lower your stock commission rate to just $4 per trade!
SogoTrade offers prepaid commission packages you can purchase in advance of placing
your order so that you can enjoy an even lower stock commission rate. The packages
are available in quantities of 20 prepaid trades and are good for one year.
You can purchase as many packages as you wish!
See the Savings
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SogoTrade's Prepaid Package
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SogoTrade Standard Commission
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Scottrade
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E*Trade
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TD Ameritrade
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Cost of 20 Trades
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$80.00
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$100.00
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$140.00
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$199.80
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$199.80
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How to Purchase a Package
To purchase a package that will help lower you commissions, please do the following:
1. Log in to your SogoTrade account.
2. Find the Buy Prepaid Packages section on the Account
Settings page.
3. Click the Buy Now button.
Once you have purchased your prepaid package, SogoTrade will deduct the amount from the cash balance in your SogoTrade account. The package is valid for one year from the date of your purchase.
Note: Prepaid trades are only applicable toward single leg stock orders where the stock price is $1 or higher and the orders are entered after the prepaid trades have been purchased. Stock legs of multi-legged option orders cannot take advantage of the Prepaid Trade Program.
A prepaid trade is assigned to a specific order and cannot be reassigned until that
order is either cancelled or expired.
* For clients who have 50 or more trades per month, they automatically receive $3
commission per trade. The number of trades is calculated on a three-month moving
average.
** Prices for competitors were obtained on Jan 05, 2015 and are believed to be
accurate, but not guaranteed. Some of the firms listed above may reduce or waive
commissions or fees, depending on account activity or total account value. Mutual
fund information is believed to be accurate as of the acquisition date -July 26,
2012.
Terms and Conditions
SogoTrade, Inc. is authorized to charge the cost of this prepaid trade credit from
the cash balance in your account. The prepaid trade is not refundable or transferable
even if the account is closed or transferred. The prepaid credit may be used only
for stock and ETF trades. It cannot be used to pay any other account fees or charges,
and it will not be part of your account balance. Each trade credit is valid for
365 days after it is purchased. This prepaid credit option is not available for
IRA accounts.When a prepaid trade executes, the trade confirmation will display
the commission charge as $0.00. Therefore, $0.00 commission will be reported on
the IRS Form 1099. In addition, the prepaid package cost will not be reported on
the IRS Form 1099. SogoTrade Inc. does not offer tax advice. Please consult with
your tax specialist as to the potential tax deductibility of this non-refundable
prepaid package expense. You can click on View All Prepaid History within our Prepaid
Package Center to determine how many packages were purchased and used over the course
of the tax year.