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

I have no fricken idea...but I have read some concerns about this issue (security) in other threads...was that you?

Quote from amm:

Thank you ,ElectricSavant
By the way, Can customer change password in website by themselves?
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Ahh yes You can buy on margin at Sogo...this is not available with the other Folio type investmenting firms...good point...Maybe Sogo will introduce shorting soon...is there a minimum to open up a margin account with Sogo for US investors?


Quote from ByLoSellHi:

I'm with Scottrade now.

Scottrade charges 10% margin.

What's the major drawback with Sogo?
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Can I ask you about margin buying power here?
If I have cash $100,000 in account, How muich is my buying power?
Maybe buying power is 2 times of cash money in account?
 
Quote from trtrkk:

Can I ask you about margin buying power here?
If I have cash $100,000 in account, How muich is my buying power?
Maybe buying power is 2 times of cash money in account?
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buying power should be 4 times or $400,000 but you need to be asking Sogo these questions if you want definite answers

SogoInvest Email Addresses
For customer support: support@sogoinvest.com
For login information or retrieval: logininfo@sogoinvest.com
For general information: info@sogoinvest.com
For security issues or to report fraudulent activity: security@sogoinvest.com
 
Quote from birdman:

buying power should be 2 times for overnight holds and 4 times for intraday trades:)
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buying power should be 2 times for overnight holds and 4 times for intraday trades

What do you mean the overnight holds ?
Is it the stocks holded from yesterday?

intraday trades means the cash money in account in today?
 
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