Sogo Invest, - New King of Brokers - $1.5 for 5000 shares

Quote from Aok:

Genesis Lite?

Might be less filling but does it taste great?

Good for low volume traders but shares over 5k go off at .005.

Sort of like a reverse prop pricing model.
More...

i don't know how you guys calculate.
even if you buy 50k shares, you can put them into 10 orders of 5000 each and get $15 for 50k shares. that is dirty cheap.

i am testing their service now. emailed them this afternoon. no reply yet after 6 hours. too slow.
 
Quote from qll:

Just wonder if they have not set up the forms or my PDF reader is too old.
More...

I think your PDF reader is too old. I was able to open the files without any problems. The PDF version is 7.77.
 
thye charge $10 to send you a check. also they charge $15 a month for the $1.50 trades. several brokers like rml are $3 a trade so unless you do 10 or more trades amonth not worth it. personally i'd wait about 6 months till they work all the kinks out of it
 
Quote from mc312:

I think your PDF reader is too old. I was able to open the files without any problems. The PDF version is 7.77.
More...

not my problem. they fixed them now. they were not working in the afternoon, but in evening all are ok.
 
ask and you shall recieve my son. everythings negotiable and they'll do $2.99 a trade. now with genesis at $1.50 they might do $2
 
Quote from joeyata1:

ask and you shall recieve my son. everythings negotiable and they'll do $2.99 a trade. now with genesis at $1.50 they might do $2
More...

today, i emailed my current broker to do a partial transfer out. they said "
Please have the other broker initiate the partial transfer. However,
perhaps you can let us know why you are transferring part of your
account. We certainly do not wish to lose your business. Please tell us how
we may keep your valuable business. If there is anything else we may do, please let us
know. We do not wish to lose part of your account.
"

Do you think they are trying to LOWER or MATCH the commissions?
 
You must log in or register to reply here.
Back
Top