trade as often as you wish but take my advice and limit your positions or buys / sells to 100 shares each time for the first month or preferably 3 months you will thank me later
I opened an account with them, most of it is headache, you have to fax all these annoying documents, the digital world is supposed to make things faster. Any how, IB is many times better than sogo, sogo doesn't have a trading software, everytime you submit an order you are taken to a page asking are you sure you want to submit. Sogo is not for daytraders! The only good thing is you can trade at 1$ commission for 90-days when you sign-up, at least that is how it was for me. that means if you buy 800 shares of a stock and it goes up one cent you can make 8$-$1(buy)-1$(sale)= 6$. But it doesn't have a software. if it did you could probebly execute this every 5 minutes making 5*6$=30$ an hour.
When you order, you can watch market condition, bid, ask using another brokers softweare, that is same, So there are not any problem with sogo.
SOGO states that Q1 2007 they will support Pink Sheets/OTC SOGO states that EOY or Jan 2007 they will support Shorting. So far my experience with SOGO has been stellar. They do pay nice percentage on cash held. Quick ACH transfer times (no hitches thus far) and fast enough trades for me. I am not a day trader. I prefer to hold a day or 2. Have not Tried Margin yet.
Is anyone else having problems getting them to issue a check? I have been waiting two weeks now and keep getting told. "We will cut it today." Not much good if they will not return your money.