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/10
The WikiFX Score of this broker is reduced because of too many complaints!
SogoTrade
United States
|
5-10 years
|
Suspicious Regulatory License
|
Self-developed
|
High potential risk
https://sogotrade.com/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
United States 5.95Surpassed 16.80% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+1 888-681-7646
chinese@sogotrade.com
https://sogotrade.com/
1 McBride and Son Center Dr. Suite 288 Chesterfield, MO 63005 SogoTrade Building
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
2025-10-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2
Basic Information
Registered Region United States
United StatesOperating Period
5-10 years
Company Name
SogoTrade, Inc
Customer Service Email Address
services@sogotrade.com
Contact Number
+18886817646
Company Website
5
Marketing Strategy
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
News
Wiki Q&A
Comment
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Sources
Language
Mkt. Analysis
Creatives
Data Sources 
WikiResearch
WikiResearchWebsite
sogotrade.com
104.22.32.64
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
2005-09-07
Website
WHOIS.NETWORKSOLUTIONS.COM
Company
NETWORK SOLUTIONS, LLC.
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
SogoTrade, Inc.(Missouri (United States))
Active
United States
Registration No. F01209299
Established 2018-10-10
Related sources Website Announcement
Employees
Company Summary
| SogoTrade Review Summary | |
| Founded | 1986 |
| Registered Country/Region | United States |
| Regulation | No regulation |
| Market Instruments | Stocks, ETFs, Options, Cryptocurrencies |
| Demo Account | ❌ |
| Trading Platform | SogoTrade Pro App, SogoTrade Pro Web, SogoTrade Web Platform, SogoOnline |
| Minimum Deposit | $0 (but $100 minimum required for stocks priced under $1) |
| Customer Support | Live chat |
| Phone: 1-888-709-7646 | |
| Email: services@sogotrade.com | |
SogoTrade Information
SogoTrade, an online brokerage company in the United States, was founded in 1986. It provides low-cost access to stocks, ETFs, options, cryptocurrencies, and margin trading. While its fees are appealing, particularly for busy traders, the company lacks regulatory control and does not provide demo or Islamic accounts, which may cause anxiety for certain investors.
Pros and Cons
| Pros | Cons |
| Very low fees on stocks, options, and margin interest | No regulation |
| Multiple account types including IRA and custodial | No demo accounts |
| Modern platforms for mobile and web trading | Limited information on fees |
Is SogoTrade Legit?
SogoTrade is not now governed by any acknowledged financial authority, no. Though registered in the United States, it lacks a legitimate license from the U.S. Securities and Exchange Commission (SEC).
WHOIS records show the name sogotrade.com was registered on September 7, 2005, last modified in 2015, and will expire on September 7, 2025. The domain is live with a “client transfer prohibited” status, meaning it is restricted from being transferred without the owner's consent.
What Can I Trade on SogoTrade?
SogoTrade provides a diverse range of trading and investment products, including stocks, ETFs, options, cryptocurrencies, margin trading, and automated portfolios for both active and long-term investors.
| Trading Instruments | Supported |
| Stocks | ✔ |
| ETFs | ✔ |
| Options | ✔ |
| Cryptocurrencies | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
Account Type
SogoTrade provides a broad spectrum of live account kinds including individual, joint, company, IRA, and custodial accounts. It does not, however, offer Islamic (swap-free) accounts or demo accounts.
| Account Type | Feature | Suitable for |
| Individual Account | A personal investment account for one individual | General retail investors |
| Joint Account | Shared account between two individuals | Spouses, partners, or co-investors |
| Business Account | For corporations or LLCs | Companies managing investment portfolios |
| IRA Account | Retirement accounts: Traditional, Roth, or SEP IRA | U.S. residents planning for retirement |
| Coverdell Education Savings Account | Tax-advantaged account for education expenses | Parents saving for a child's education |
| UTMA/UGMA Account | Custodial account for minors | Adults managing assets for children |
| Trust Account | Account managed under a legal trust agreement | Estate planning or fiduciary purposes |
SogoTrade Fees
SogoTrade's fees are typically lower than the industry average, particularly for stock and options trading and margin interest rates. It also has no minimum deposit requirement, making it suitable for new investors.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| SogoTrade Pro App | ✔ | iOS, Android (Mobile App) | Active traders seeking mobile trading with Level I/II data, alerts, and custom views |
| SogoTrade Pro Web | ✔ | Web Browser (Desktop/Web) | Active/self-directed traders needing customizable dashboards and advanced tools |
| SogoTrade Web Platform | ✔ | Web Browser (Desktop/Web) | General retail investors trading stocks, ETFs, and options |
| SogoOnline | ✔ | Web Browser | Simpler web interface for basic trading needs |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Self-developed
- High potential risk
News
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2025-09-12 19:03
Exposure Something You Need to Know About SogoTrade
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2024-11-13 18:36
Wiki Q&A
Tomas 
1-2 years
Are there fees for withdrawals?
Withdrawals may have fees depending on the method. For example, certain bank transfers have a small charge, so I always check before moving funds out. It’s not a sogotrade scam situation — just standard processing costs.
Broker Issues
Fees and Spreads
07-20
United States
Rpy Sundram
1-2 years
Can I know the details about the SogoTrade fees?
From my own trading with them, I’ve seen that sogotrade fees are lower than many brokers, especially on stocks and options. The margin interest is also competitive. But some niche charges aren’t fully disclosed upfront, so I always check the fee schedule before placing orders.
Broker Issues
Fees and Spreads
07-16
United States
Vongnarin
1-2 years
Is SogoTrade safe and legit?
Honestly, my personal feeling is mixed. On one hand, the platform has been operating since 1986, which adds some credibility. But since it’s unregulated, I can’t call it fully “safe” in the strict financial sense. When I’m asked “is SogoTrade legit?”, I usually say it’s functional and established, but it doesn’t have the compliance safeguards I’d expect.
Broker Issues
Regulation
07-14
United States
TJensen
1-2 years
What platforms does SogoTrade provide?
I personally use the SogoTrade Pro Web and the mobile app, but they also offer the SogoTrade Web Platform and SogoOnline. Each has different strengths — Pro Web is my go-to for advanced sogotrade trading, while SogoOnline is super simple for quick stock orders.
Broker Issues
Leverage
Platform
Instruments
Account
07-04
United States
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西7752
Taiwan
The fraud group is rampant and transfers investors’ money on the same day of deposit. It is basically a fake platform.
Exposure
2024-01-08
西7752
Taiwan
At first, a stranger told me to help me trade virtual currencies. I could withdraw money at the beginning, but I didn’t play for a while because of my busy work. Later, it was shown that the bonus was 168888, and a 22% deposit was required. Since I didn’t have that much cash on hand, the man said he could help me pay part of it, and the money would be transferred to the address he provided, and then...I was scammed.
Exposure
2024-01-07
yiting
Taiwan
Suspected fake customer service provided activities to induce participation in the activities, causing the account to be frozen and unable to withdraw funds.
Exposure
2023-12-31
Andyliew
Cyprus
SogoTrade's swaps rates are better than most if not all. Ticks are richer than some brokers as well. I just wish I had found this broker earlier.
Neutral
2023-02-28
风格86450
Malaysia
Exceptional support team. I had a few questions, and all emails and chats were answered within minutes. In terms of customer service, SogoTrade deserves five stars.
Positive
2023-02-15