SOGOTRADE ADDS ETF TO ITS GET PAID TO TRADE PROGRAM

–  The first ETF to be added to the program is the ETFMG Treatments, Testing and Advancements ETF (ticker GERM)

–  Customers can receive a $3 rebate for every 1000 shares of ETFMG’s GERM that they buy on a qualifying open order (non-marketable limit order)

  1. LOUIS, MO, February 1, 2021/PRNewswire – SogoTrade, a digital brokerage subsidiary of Sogo Financial Group, Inc. (“Sogo”), announced today that it has expanded its innovative “Get Paid to Trade” program, bringing additional benefits to its customers.

In June of 2020, SogoTrade first announced its pilot “Get Paid to Trade” program, where customers not only enjoy $0 commissions, but get paid up to $1 for every 1,000 shares traded on qualifying limit orders.*  Today, SogoTrade announced that investors are now eligible to receive up to 3X that amount—or, $3 for every 1,000 shares traded—on qualifying limit orders for certain exchange-traded funds (ETFs).  The first ETF to be added to the program is the ETFMG Treatments, Testing and Advancements ETF (ticker GERM).  The program is open to existing customers as well as new customers of SogoTrade.  Investors can learn more about the program at SogoTrade.com/GERM.

“Exchange rebates in the past have been largely reserved for high frequency trading firms and institutions,” said Jonathan Yao, CEO of SogoTrade. “SogoTrade is leveling the playing field by bringing this revenue sharing opportunity to everyday investors.”

Kris Wallace, Executive Vice-President and head of trading at SogoTrade, explained how the program works: “When a customer places a limit order for the GERM ETF, this order type will now generate revenue for SogoTrade customers who participate in the program. Typically, brokerage firms pocket this extra revenue but with ‘Get Paid to Trade,’ SogoTrade will credit investors for qualified limit orders—up to $3 for every 1,000 shares traded in the GERM ETF.”
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$0 COMMISSIONS PLUS, GET PAID TO TRADE.

Get Paid To Trade

SogoTrade, Inc.—a US-based online broker dealer—announces that it will now share exchange rebate revenue with its customers through SogoTrade’s new “Get Paid to Trade” program. In addition to $0 commissions, customers in its “Get Paid to Trade” program will actually get paid on qualifying limit orders.*

Exchange rebates in the past have been largely reserved for high frequency trading firms and institutions. SogoTrade is bringing this revenue sharing opportunity to its everyday investors.
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SogoTrade And KGI Asia Announce Strategic Partnership

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– The partnership will provide the opportunity for both companies to expand their online brokerage services throughout Asia and North America

– KGI Asia is the lead investor in Sogo’s Series A investment round

ST. LOUIS, Aug. 20, 2019 /PRNewswire/ — SogoTrade, a digital brokerage subsidiary of Sogo Financial Group, Inc. (“Sogo”), today announced the launch of a strategic international partnership with KGI Asia (“KGI”), one of Hong Kong’s largest brokerage firms. The SogoTrade-KGI partnership is expected to generate new IT and financial advisory positions in the St. Louis area over the next several years and is another example of how the St. Louis region continues its importance as a world financial center.

Sogo CEO Jonathan Yao said, “Once SogoTrade’s digital trading platforms have been integrated with the KGI trading infrastructure, KGI clients will have the ability to quickly open online accounts, easily trade stocks and options on American and Asian exchanges, and they will have the ability to invest in innovative products, such as cryptocurrencies and investment portfolios, using Sogo’s wealth management tools and robo-advisory services.”

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SogoTrade Now Offers Asset Management Services

ST. LOUISNov. 20, 2017 – SogoTrade, Inc.—a US-based online discount broker dealer known for its low commissions, great customer service, and high-tech trading platforms—is now offering long-term, goal-based asset management services to its customers through affiliate MarketRiders, Inc., a SEC registered investment advisor.  MarketRiders will offer its advisory services under the name “Sogo MarketRiders.”

The Sogo Financial Group, Inc. (SFG), led by Jonathan W. Yao, current SogoTrade CEO and former Scottrade Director of Asian Pacific Operations, announced earlier this year that it concluded the acquisition of SogoTrade, Inc.  SFG had also previously acquired MarketRiders, Inc., one of the very first robo-advisory firms.  Together, SogoTrade and MarketRiders can now deliver stock and option trading accounts along with longer-term, goal-based managed portfolios.

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