ST. LOUIS, Feb. 28, 2017 /PRNewswire/ -- SogoTrade received a ranking of "Best in Class" among the top online stock brokers for low cost commissions and fees, and a remarkable 4 stars for both customer service and options trading in the 2017 Online Broker Review by StockBrokers.com.
"SogoTrade is honored to rank among the best brokers for low-cost commissions and fees," said Jonathan Yao, CEO at SogoTrade. "We strive to offer the lowest stock trade commissions in the industry."
StockBrokers.com reviewed 16 top brokers for various categories ranging from commissions and fees to trading platforms and customer service. This is SogoTrade's second year of inclusion in the survey. They ranked "Best in Class for Commissions and Fees" and received 4 out of 5 stars for customer service both years.
"For phone support, SogoTrade delivers with extremely quick pick-up times. Not once did we have a hold period longer than one minute, with every test seeing a pickup in less than 60 seconds," writes Blain Reinkensmeyer, Head of Broker Research at StockBrokers.com.
"SogoTrade's goal is to provide the best customer service among online brokerages," said Yao. "We are pleased that both the 2016 and 2017 Online Broker Review by StockBrokers.com acknowledged our quick and responsive phone support, and our quality customer service."
StockBrokers.com also awarded SogoTrade 4 stars for Options Trading, noting that the SogoOptions platform will satisfy both casual and advanced options traders.
"SogoOptions is a customizable and powerful options trading platform, built especially for the options trader," said Yao. "Not only do we have low stock trading fees, but we also have one of the lowest options trading fees, too."
SogoTrade is offering 100 free trades for new customers, good for 30 days from their account open date. And, they are offering $3 online trades for 12 months to qualifying accounts.
"SogoTrade wants to give our clients great flexibility in trade activity and portfolio management," said Yao. "We instituted a $3 commission for new accounts that deposit or transfer more than $10,000 in account assets. All existing accounts that average over 50 trades per month also receive this $3 per trade commission."
Clients may also qualify for $3 online trades by purchasing a pre-paid package of 50 trades which are good for one year from purchase date.
SogoTrade, Inc. has served investors since 1986. SogoTrade has one of the lowest commission rates in the industry, where investors can trade stocks and exchange-traded funds online for as low as $3. Although known for innovation and deep-discounted commissions, SogoTrade's real value is providing the help and support customers need to achieve their investing and trading goals. Open an account today to discover how paying lower fees can help you gain more when you trade with SogoTrade: http://SogoTrade.com.
Read StockBrokers.com's seventh annual Broker Review: http://www.stockbrokers.com/annual-broker-review/
For more information, contact Linda Gaal: 636-477-6751 or [email protected].