SogoTrade
Pros
- $0 qualified limit orders can reduce stock and ETF trading costs
- Qualified limit orders can earn $1.00 per 1000 shares
- $0 options commission with a 50¢ contract fee
- ACH transfers are available with no SogoTrade charge
- SogoTrade Pro syncs alerts and watchlists with Web Trader
- Copy trading lets users replicate trades in the social app
- ACAT transfers of $10,000+ may be reimbursed up to $100
Cons
- Market orders cost $2.88
- Penny stocks add $0.0003/share or 0.25% principal fee
- Crypto trades cost the greater of $1 or 1%
- Outgoing domestic wires cost $25 and international wires cost $50
- Regular mailed withdrawal checks cost $5
- ACH-funded withdrawals can face a restriction of up to 60 days
- Options level 4 or higher requires $5,000 minimum equity
- SIPC and Apex excess insurance do not cover crypto transactions