It’s no secret there is a stock broker pricing war happening these days. When one discount broker lowers their cost per trade, all the others are bound to follow. And this is great news to customers!
SogoTrade is one such broker that offers rock bottom trading fees. If you do more than 150 trades per quarter, you automatically get the rate of $2.88 per trade. That’s about as cheap as cost per trades come these days. So what is SogoTrade? And what other kinds of promotions do they have going on?
SogoTrade is a no-frills, low cost, bilingual discount brokerage platform (Chinese and English). Their headquarters are in New York and the company has been around for many years executing orders quickly and cheaply for their customers. To see a more comprehensive review of the company, read Investor Junkie’s SogoTrade Review.
If you like what you see, then you’ll be interested in SogoTrade’s many promotions:
100 FREE Trades for All New Transferred Accounts
Right out of the gate, no strings attached, SogoTrade is offering 100 trades for free if you transfer your account from another brokerage. That alone is a $288 value if we use their $2.88/trade price.
Transferring funds from TD Ameritrade? Make that 200 FREE trades!
Yep, it’s a great deal. If you transfer funds from TD Ameritrade to SogoTrade, they will reward you with an additional 100 free trades, making that 200 free trades in total. Clearly TD Ameritrade is their competition and you should take advantage of this offer because why not? It’s a value of $576!
Refer a Friend and Receive 25 Trades
This is an unlimited deal. Refer a single friend to SogoTrade and automatically be awarded 25 free trades (to be used within 90 days). You may refer as many friends as you like and therefore win an unlimited number of free trades. What are you waiting for??
$2.88/Trade for 12 Months!
This is different than $2.88/trade if you trade more than 150 times a quarter. In this promotion, if you deposit at least $10,000, then you are locked into $2.88/trade, no matter how many trades you make! This is a great deal and basically unheard of among the competition.