About Us | Full Suite of Products, Personal Service (2024)

Stocks & ETFs Commission on Limit Orders 1 $0.00
Credit (Payment) on qualified Limit Orders 2 $1.00 per 1000 shares
Commission on qualified odd lot Limit Orders 1 $0.00
Commission on Market Orders $2.88
Commission on non-qualified odd lot orders 1 $2.88
Commission on Over-The-Counter (OTC) $2.88
Commission on Penny Stocks 3 See below
Broker-Assisted Commission $25.00
Options Commission $0.00
Contract Fee 50¢
Broker-Assisted Commission $25 + 50¢/Contract
Mutual Funds Broker-Assisted Commission $25.00
Fixed Income Broker-Assisted Commission Please call
Cryptocurrency Trading fee 4 See below

1 The order generally must be 100 shares or greater (not an odd lot order), otherwise a $2.88 commission rate applies. Odd lot limit orders qualify for the $0 commission if the principal amount of each order is $2,000 or more.

2 To receive credit (payment) for limit orders the following terms apply:
•Get Paid to Trade (GP2T) credit will be paid on every qualified limit order (both buys and sells) ($0.001 per share) executed during regular market hours and the order size is 100 shares or more. GP2T credit will not be paid during extended hours trading sessions.
•For BUY Orders: The filled order must be received at the market center at least one penny below the ask
•For SELL Orders: The filled order must be received in the market center at least one penny above the bid
•The Get Paid to Trade credit is paid in One Cent increments only – no fraction of a penny will be paid. (For example, if a qualified limit order mathematically earns a $10.258 credit, the customer will receive a credit of $10.25.)
•Note: A trade placed by a client may comply with the limit order qualifications at the time it is placed but may not qualify for the GP2T credit when executed due to price movements. In this instance, although no credit will be paid, the $0 commission will still apply.

3 For stocks priced under $1 the commission charge is $2.88 PLUS Low-Price Stock fee the greater of $0.0003 per share (Maximum 5% of principal) OR 0.25% of the principal amount of the trade.

4 Cryptocurrency trading fees are the greater of $1 or 1% of the trade value. Account related fees may apply to your SogoTrade account. Cryptocurrency trading is backed by Bakkt.

Please read the Characteristics and Risks of Standardized Options before you apply for option privileges.

You must evaluate your particular financial circumstances and trading objectives to determine whether or not entering limit orders is appropriate for you. You should consider the following factors when deciding whether you should enter Get Paid to Trade (“GP2T”) limit orders:


Nature of Limit Orders.

Generally, limit orders involve entering buy or sell orders at a specific price or better. This can be contrasted with market orders where the investor is entering an order to buy or sell a particular stock at the current market price, whatever that may be. With limit orders, they can only be filled if the market price reaches the stock’s limit price imposed by the investor. Limit orders are helpful if the investor does not want to buy a stock above or sell a stock below a predetermined price. Please click on the following SEC link for more information: https://www.sec.gov/fast-answers/answerslimithtm.html .


Price Volatility and Execution.

Because limit orders are priced away from the bid and ask, depending on whether the trade involves a buy or sell, there can be no assurance that a limit order will result in a full or even partial execution of the order. If the price remains static or moves in the opposite direction of the limit order, the trade may not be executed at all. Accordingly, if an investor wants to better ensure the full execution of their order, they should consider entering it as a market order and not a limit order. Further, if the market or a particular stock is experiencing volatility, a market order may be more appropriate if selling or buying a particular stock quickly is more important to you than placing a limit on the order and potentially realizing a better price.

Get Paid to Trade Payment Mechanism.

Broker Dealers, including SogoTrade, can realize a lower cost structure and greater revenue opportunities with certain qualified limit orders, as opposed to trades that are executed at the prevailing market price. The analysis involves adding liquidity to the markets versus taking liquidity from the markets. Limit orders add liquidity, which is viewed favorably by market centers because it creates more efficient trading and greater opportunities to realize better pricing. Market orders are executed at whatever the then current market price is and therefore remove liquidity from the market. Market centers, where stock trades are executed, charge broker-dealers more for orders that take liquidity and may pay broker-dealers for adding liquidity to the market.

The Get Paid to Trade limit order is designed so that the investor can realize payments from SogoTrade for entering orders that add liquidity to the markets. When a customer enters a limit order, the trade verification window will display the expected GP2T payment the customer is likely to receive. Whether the trade ultimately qualifies for payment can be determined only after the order is actually executed in the market place. Once the limit order is executed the customer will receive a confirmation, which will include the amount of the payment that the customer will receive. Once the trade is executed and if it qualifies for the GP2T payment, the payment will typically be immediately credited the the customer’s account. Although SogoTrade may credit the GP2T payment immediately after execution, SogoTrade is not obligated to do so and SogoTrade reserves the right to credit the accounts in an aggregated credit by the following month..

GP2T Limit Order Type.

SogoTrade offers a GP2T Limit order type in its trading platforms that allows customers to conveniently place an order potentially qualifying for a Get Paid to Trade payment, if executed. The order will be placed at a set increment (from $0.01 to $0.05, as determined by the customer) above or below the bid or ask, depending on whether it is a buy or sell order. Crucially, the ultimate limit price will be adjusted relative to the bid or ask when the order is placed, meaning the limit price may be different than the estimated limit seen on the order entry and verification screens. The limit price is adjusted to have a higher chance of execution while still potentially qualifying for a Get Paid to Trade payment, if the order is executed.

A GP2T Limit order is subject to the same risks as other limit orders, including the risk the order may not execute. Because the limit price on a GP2T Limit order is adjusted when placed, the ultimate limit price may be substantially different from the estimated limit price stated on the order entry and verification pages, particularly if the quote is stale (i.e. it has not been recently refreshed) or if the stock price is volatile. The customer should update the quote prior to placing the order.


Pricing and Other Limit Order Qualifications.

SogoTrade retains full discretion to permit participation in the GP2T program by customers who do not otherwise qualify. Click HERE for more information regarding pricing and GP2T qualifications.


Treatment of Credits; No Tax Advice.

From an accounting perspective, credits paid to customers under GP2T will be reported as an adjustment to the underlying cost basis of the equity traded, which will be reflected in the year-end 1099 tax statements issued to each customer. Client expressly understands and agrees that SogoTrade is not qualified to, and does not purport to provide, any legal, accounting, or tax advice or to prepare any legal, accounting or tax documents. Client will rely on his or her tax attorney or accountant for tax advice or tax preparation.

About Us | Full Suite of Products, Personal Service (2024)

FAQs

What is Microsoft suite of products? ›

Office Suite (Word, Excel, PowerPoint, Outlook, OneNote, Publisher, Skype for Business, Access)

What products or services does Bank of America offer? ›

Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Does Bank of America offer a full range of services? ›

What we offer. Bank of America is one of the world's leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services.

What are Microsoft products and services? ›

Our products include operating systems for personal computers ("PCs"), servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and ...

What is a suite of products? ›

A product suite is a combination of products that are intended to be sold together according to your product packaging plan. The products included in a product suite may be functionally similar or complementary. A product suite can include one or more products from its namespace.

Is Microsoft Office suite hard to learn? ›

The difficulty with picking up skills with any specific Office software will vary depending on an individual's aptitude. For example, while Excel is considered by many to be the most challenging of the programs to master, some of the advanced functions for Word or PowerPoint could be just as intimidating.

What products and services does US Bank offer? ›

Personal
  • Personal.
  • Bank accounts. Bank accounts. Bank Smartly® Checking account.
  • Credit cards. Credit cards. View all credit cards. ...
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  • Personal loans & lines. Personal loans & lines. ...
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  • Vehicle loans. Vehicle loans. ...
  • Mobile and online. Mobile and online.

Why do you want to work for Bank of America? ›

Good Answers:

It is widely recognized for its leading online banking services, top notch customer service and friendly tellers. I hope to become one of these tellers. Bank of America is well known with its friendly working culture, good possibilities for career growth and fair system of employee benefits.

Is plaid verification safe? ›

Our information security program is designed to meet or exceed industry standards, and we use many different controls to keep your personal information safe. Plaid is certified in internationally-recognized security standards, like ISO 27001, ISO 27701, and is SSAE18 SOC 2 compliant.

Who is Bank of America's biggest competitor? ›

A chart showing the top 10 largest US banks by asset, March 2024.
  • JPMorgan Chase – $3.5 trillion. ...
  • Bank of America – $2.6 trillion. ...
  • Wells Fargo – $1.7 trillion. ...
  • Citibank – $1.7 trillion. ...
  • U.S. Bank – $669.4 billion. ...
  • PNC – $562.0 billion. ...
  • Goldman Sachs – $549.2 billion. ...
  • Truist Bank – $526.7 billion.

Who owns Bank of America now? ›

The ownership structure of Bank of America (BAC) stock is a mix of institutional, retail and individual investors. Approximately 63.30% of the company's stock is owned by Institutional Investors, 25.60% is owned by Insiders and 11.10% is owned by Public Companies and Individual Investors.

Why does Bank of America charge a monthly service fee? ›

Monthly maintenance fees: Charged by financial institutions for account upkeep. If a bank has multiple types of checking or savings accounts, different ones will probably come with different fees. Often, a more robust account charges a higher maintenance fee.

Who is the parent company of Microsoft? ›

Microsoft was founded by Bill Gates and Paul Allen in 1975. Currently, the CEO of Microsoft is Satya Nadella. Microsoft is a publicly traded company, which means that it is owned by its shareholders.

What is Microsoft's biggest product? ›

Microsoft's Most Lucrative Business Segments
Product LIneFY2023 RevenueShare of Revenue
Cloud Computing Services$80B38%
Cloud Office Suite Software$49B23%
Operating Systems$22B10%
Gaming Consoles$15B7%
4 more rows
Feb 26, 2024

Who owns Microsoft now? ›

Microsoft has been a publicly-traded corporation since March 13th, 1986. That means that rather than being owned by a single individual or by its CEO, Microsoft is owned by its shareholders.

What is an example is Microsoft Office suites? ›

Microsoft Office Suite, also known as Microsoft 365, is one of the most widely used computer software packages. More than one million companies from around the world use Microsoft 365, which includes applications like Word, Excel, PowerPoint, and Outlook.

What is Microsoft suite called now? ›

Office is now Microsoft 365.

What is the 7 Microsoft Office suite? ›

In addition to the initial trio, Word, Excel and PowerPoint, today, Microsoft Office also includes Access, Publisher, OneNote and Outlook – all of which seamlessly integrate with each other.

What is Microsoft suite vs Office 365? ›

Office 365 is a set of cloud based business applications like Exchange, Office Apps, SharePoint, OneDrive. It is a part of Microsoft 365. Microsoft 365 is Office 365 with Windows 10 (OS) and the Enterprise Mobility Suite (Suite of Security and Management apps). Hope that helps and answers your question!

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