Updated September 28, 2026 · BrokerCue Editorial Team
Mirae Asset Securities vs SogoTrade
Mirae Asset Securities vs SogoTrade: the differences
| Compare |  Mirae Asset Securities |  SogoTrade |
|---|---|---|
| Minimum deposit | ₹0 | $500 |
| Stock trade fee | ₹10 | $0 |
| Markets | Stocks, ETFs, Options, Futures, Funds | Stocks, ETFs, Options, Crypto, Bonds, Funds |
| Margin rate | 8.99%Lower | 9.75% |
| Options contract fee | ₹10 | $0.50 |
| Platforms | Web Trading Platform, Trading App, Trading API | SogoTrade NextGen, SogoOptions, Mobile app |
| Account fee | ₹0 | Not confirmed |
| Regulators | Not confirmed | FINRA, SIPC |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Deposit and withdrawal fees | UPI free; net banking Rs7-11 + GST | Not confirmed |
| Maximum retail leverage | 4X | Not confirmed |
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Key differences
- Margin rate is lower at Mirae Asset Securities: 8.99% vs 9.75%.
- Markets: only Mirae Asset Securities offers Futures.
- Markets: only SogoTrade offers Crypto, Bonds.
- Platforms: only Mirae Asset Securities offers Web Trading Platform, Trading App, Trading API.
- Platforms: only SogoTrade offers SogoTrade NextGen, SogoOptions, Mobile app.
- Features: only Mirae Asset Securities offers Futures.
- Features: only SogoTrade offers Crypto.
- Pricing model: only Mirae Asset Securities offers Low fees.
- Pricing model: only SogoTrade offers Commission free.
- Audience: only Mirae Asset Securities offers Day traders.
Our verdict on each
Mirae Asset Securities
Mirae Asset Securities runs a low-fee broking account priced in INR that suits beginners and day traders who want flat per-trade charges. With a stock trade fee of INR 10 and an account fee of INR 0, costs stay predictable, though that flat charge leaves it behind rivals on cheaper per-trade pricing.
SogoTrade
SogoTrade is a US broker for experienced traders who want share dealing without commission, plus options, crypto and margin in one account. Its catch is the entry cost: a minimum deposit of $500 and an options contract fee of $0.50 for anyone trading contracts.
Score breakdown
| Area | Mirae Asset Securities | SogoTrade |
|---|---|---|
| Cost | 9.2HigherThe cost score of 6 reflects a INR 10 options fee and a 8.99% margin rate on a low-fee model. | 8.8 |
| Offer | 9.4 | 9.5Higher |
| Trust | Not confirmed | 9.5 |
Where they rank in our lists
| Ranking | Mirae Asset Securities | SogoTrade |
|---|---|---|
| Stock and ETF brokers | 66 of 490 | 72 of 490 |
| Options trading platforms | 21 of 103 | 25 of 103 |
| Margin trading brokers | 11 of 22 | 13 of 22 |
| Brokers for beginners | 25 of 88 | 27 of 88 |
Licences and countries
| Country | Mirae Asset Securities | SogoTrade |
|---|---|---|
| United States | Not confirmed | SIPC SIPC member 35930 |
Feature by feature
| Markets | Mirae Asset Securities | SogoTrade |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | No |
| Crypto | No | Yes |
| Bonds | No | Yes |
| Funds | Yes | Yes |
If neither fits
Nexo has margin rate at 1.9%, against 8.99% for Mirae Asset Securities and 9.75% for SogoTrade.
Nexo reviewEvery fact side by side
| Fact | Mirae Asset Securities | SogoTrade |
|---|---|---|
| Features | Options, Futures, Mobile app | Crypto, Options, Mobile app |
| Pricing model | Low fees | Commission free |
| Audience | Beginners, Day traders | Experienced, Beginners |
| Legal entity | Not confirmed | SOGOTRADE INC |
| Headquarters | South Korea | United States |
| Support channels | Not confirmed | Email, Chat, Phone |
Where each stands against the rest
| Fact | Mirae Asset Securities | SogoTrade | Median |
|---|---|---|---|
| Account fee | ₹0at the median | Not confirmed | ₹0 |
| Margin rate | 8.99%above the median | 9.75%above the median | 8.79% |
Median across 22 listed brokers.
Pros and cons
Mirae Asset Securities
Pros
- Account fee of INR 0 and a minimum deposit of INR 0, so nothing is charged to hold or open.
- Flat INR 10 per stock trade and INR 10 per options contract, which makes costs easy to model.
- Margin available at a rate of 8.99% with retail leverage of 4X.
Cons
- The stock trade fee of INR 10 ranks 98 of 161, behind cheaper per-trade rivals.
- Cash movement follows UPI free; net banking Rs7-11 + GST, so moving money in and out is not entirely cost free.
- A margin rate of 8.99% on leverage of 4X magnifies losses as well as gains on borrowed positions.
SogoTrade
Pros
- Share dealing is commission-free, with the model listed as commission free.
- A single account spans stocks, etfs and options.
- Registration with FINRA and SIPC and investor protection of SIPC up to USD 500,000.
Cons
- A minimum deposit of $500 places it at position 178 of 213 on the site.
- Options trading carries a contract fee of $0.50, so frequent contract traders pay a running cost on top of share dealing.
- Margin is priced at 9.75%, so borrowed positions cost more than cash ones.
Who each suits
Mirae Asset Securities
Who it suits
- Beginners opening a first account, with a minimum deposit of INR 0.
- Day traders working in options and futures, with a contract fee of INR 10.
- Traders who want web, app and API access under one low-fee account.
Who should look elsewhere
- eToro, which charges $0 per stock trade.
- Vantage, which sets a minimum deposit of $5 where CFI asks for $0.
SogoTrade
Who it suits
- Traders comfortable with options and margin, since crypto, options and mobile app sits alongside core share dealing.
- US accounts, since the firm is based in the United States.
- People who want one login across SogoTrade NextGen, SogoOptions and mobile app.
Who should look elsewhere
- CFI if a free minimum deposit matters, because CFI asks for $0 against $500 here.
- Vantage if you want to start small, with a minimum deposit of $5.
- eToro if you trade forex and CFDs, since stocks, etfs and forex lists markets outside the SogoTrade range.
Country by country
| Country | Mirae Asset Securities | SogoTrade |
|---|---|---|
| United States | No | Yes |
Questions about each
Mirae Asset Securities
How much does it cost to trade stocks?+
A stock trade costs INR 10 and an options contract fee of INR 10 applies. The account fee is INR 0, so nothing is charged for holding the account open. The flat per-trade charge is simple to model, though it sits above commission-free rivals.
Is there a minimum deposit?+
The minimum deposit is listed as INR 0, so an account can be opened and funded in small steps. With an account fee of INR 0 there is no standing cost before you trade. Watch cash movement instead, where charges follow UPI free; net banking Rs7-11 + GST.
SogoTrade
What does SogoTrade charge to trade shares?+
Stock trades are priced at $0 under a commission free model, so share dealing carries no commission. You still need a minimum deposit of $500 before orders can be placed. Charges beyond that sit on options, at $0.50 per contract, and on margin, at 9.75%.
How much is the minimum deposit?+
Opening the account takes a minimum deposit of $500, which is far from a casual entry and places SogoTrade at position 178 of 213 on the site. Traders wanting a lighter start can compare $0 at CFI and $5 at Vantage.