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SogoTrade adds first ETF to Get Paid to Trade programme

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SogoTrade, the digital brokerage subsidiary of Sogo Financial Group, Inc. (Sogo), has expanded its “Get Paid to Trade” programme, with the addition of its first ETF.

In June of 2020, SogoTrade first announced its pilot “Get Paid to Trade” programme, where customers not only enjoy USD0 commissions, but get paid up to USD1 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, USD3 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,” says 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 USD3 for every 1,000 shares traded in the GERM ETF.”

Since 1986, SogoTrade has offered an array of products, maintained a high level of quick response to customers, and has a renewed commitment to both foreign and domestic customers with revenue sharing opportunities.

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