Sogo Invest, - New King of Brokers - $1.5 for 5000 shares
- Thread starter qll
- Start date
Quote from birdman:
trade as often as you wish
but take my advice and limit your positions or buys / sells to 100 shares each time for the first month or preferably 3 months
you will thank me later
Why birdman?
I opened an account with them, most of it is headache, you have to fax all these annoying documents, the digital world is supposed to make things faster.
Any how, IB is many times better than sogo, sogo doesn't have a trading software, everytime you submit an order you are taken to a page asking are you sure you want to submit.
Sogo is not for daytraders!
The only good thing is you can trade at 1$ commission for 90-days when you sign-up, at least that is how it was for me.
that means if you buy 800 shares of a stock and it goes up one cent you can make 8$-$1(buy)-1$(sale)= 6$. But it doesn't have a software. if it did you could probebly execute this every 5 minutes making 5*6$=30$ an hour.
Any how, IB is many times better than sogo, sogo doesn't have a trading software, everytime you submit an order you are taken to a page asking are you sure you want to submit.
Sogo is not for daytraders!
The only good thing is you can trade at 1$ commission for 90-days when you sign-up, at least that is how it was for me.
that means if you buy 800 shares of a stock and it goes up one cent you can make 8$-$1(buy)-1$(sale)= 6$. But it doesn't have a software. if it did you could probebly execute this every 5 minutes making 5*6$=30$ an hour.
When you order, you can watch market condition, bid, ask
using another brokers softweare, that is same,
So there are not any problem with sogo.
using another brokers softweare, that is same,
So there are not any problem with sogo.
If you trade low-priced or penny stock, IB is too expensive comission.
SOGO states that Q1 2007 they will support Pink Sheets/OTC
SOGO states that EOY or Jan 2007 they will support Shorting.
So far my experience with SOGO has been stellar. They do pay nice percentage on cash held.
Quick ACH transfer times (no hitches thus far)
and fast enough trades for me. I am not a day trader. I prefer to hold a day or 2.
Have not Tried Margin yet.
SOGO states that EOY or Jan 2007 they will support Shorting.
So far my experience with SOGO has been stellar. They do pay nice percentage on cash held.
Quick ACH transfer times (no hitches thus far)
and fast enough trades for me. I am not a day trader. I prefer to hold a day or 2.
Have not Tried Margin yet.
