4.5-star brokerage firm rating

TradeKing Review

Ameritrade brokerage rating

TDAmeritrade review

TD Ameritrade vs TradeKing

TD Ameritrade vs TradeKing: Account Pricing, Commissions, Fees


TD Ameritrade

  • Stocks and ETFs: $4.95
  • Options: $4.95 + $0.65 per contract
  • Short options valued at 5 cents or less, can be bought to close these positions for no charge (commission free)
  • Mutual funds: $9.95
  • Bonds: $1 per bond with $10 minimum, $250 maximum
  • Treasuries: commission-free
  • Certificates of Deposit (CDs): $24.95
  • Investments: stocks, options, mutual funds, bonds, CDs, forex, treasuries, ETFs
  • TradeKing minimum deposit to open account: $0 for cash account, $2,000 for margin account
  • All TradeKing fees
  • TradeKing login, TradeKing promotions and TradeKing referral

  • Stocks and ETFs: $9.99
  • Stocks and ETFs broker assisted: $49.99
  • Stocks and ETFs interactive voice response (IVR) telephone system: $34.99
  • Options: $9.99 + $0.75 per contract
  • No-load mutual funds: $49.99
  • Treasuries at auction: $25
  • All other bonds and CMOs, CDs: on a net yield basis
  • Futures: $2.25 per contract (plus exchange & regulatory fees)
  • Forex: Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.
  • Investment products: stocks, mutual funds, options, ETFs, bonds, CDs, UITs, futures, and forex
  • TD Ameritrade\TDA minimum deposit to open account: $0 for cash account, $2,000 for margin account
  • All TD Ameritrade fees
  • TD Ameritrade login, TD Ameritrade promotions and TD Ameritrade referral

TradeKing vs TD Ameritrade: Pros


TD Ameritrade

  • Very low commissions
  • No minimums, or maintenance or hidden fees
  • Free real-time quotes
  • Top-rated customer service
  • Low margin rates
  • Best online investor community
  • Fee-free IRAs
  • Free DRIPs (dividend reinvestment plans)
  • Extensive educational resources
  • Low cost professional portfolio management

  • No surcharges on penny stocks, large orders, or after-hours trading
  • Large and well-known company with 126 local branches
  • Two excellent trading platforms: Thinkorswim and Trade Architect
  • Users can practice trading without risking real money using PaperMoney virtual trading
  • Easy access to myTRADE online trader community
  • No account maintenance or inactivity fees
  • Free streaming quotes, including Level II
  • Best selection of independent, third-party research from 13 firms (Standard & Poor's, Morningstar, Jaywalk, TheStreet, etc.)
  • 100+ ETFs with no commissions
  • Large number of mutual funds - over 13,000 available; 2,500 NTF (no-transaction fee) funds
  • Free DRIP (dividend reinvestment plan)
  • No-fee IRA accounts

TradeKing vs TD Ameritrade: Cons


TD Ameritrade

  • Additional $0.01 per share on the entire order for stocks priced at less than $2
  • $50 annual inactivity fee if BOTH apply to an account(s):
    • Combined account value of the household account(s) is less than $2,500
    • No commission-charged trades have been executed in the account(s) during the last 12 months
  • Short after-hours trading: 4:00 pm - 5:00 pm EST, instead of 4:00 pm - 8:00 pm EST

  • At $9.99 for stocks and ETFs and $49 for mutual funds, commission rates are high
  • High margin rates

TradeKing vs TD Ameritrade: Comparison Summary

For stock and ETF investors TradeKing (TradeKing Review) offers drastically lower commissions than TD Ameritrade (TD Ameritrade Review): $4.95 per trade versus $9.99 per trade at the larger competitor. Mutual funds are only $9.95 per transaction at TradeKing and $49.99 for the same trades at TD Ameritrade!

Both companies don't have account maintenance, IRA setup, and annual IRA fees as well as fees on large orders and extended hours trading. TradeKing charges 1 cent per share more on the entire order of stocks priced less than $2, and an account inactivity fee for clients with account balance of less than $2,500 who didn't make a single trade in a year.

TradeKing is one of the very Best Brokers For Beginners: it offers lots of learning materials, vibrant and helpful online investor community, and no additional charge on broker-assisted trades. According to Smart Money magazine, the firm has the highest rated customer service in the industry.

TD Ameritrade offers some of the best trading platforms among all online brokers - Thinkorswim and Trade Architect review - that include all the bells and whistles one would expect in the professional trading software. The firm provides free virtual trading and streaming quotes as well as excellent selection of independent third-party investment research from 12 different companies.

For readers that are wondering in which company to open an account, TD Ameritrade will be our recommendation for "buy and hold", long-term investors, IRA accounts, forex and futures traders. TradeKing would work great for all other customers, especially for beginners, mutual funds investors, and active stock and options traders.

These two online investment companies provide a lot of unique and valuable features. Our suggestion is to open accounts at both firms with $0 down (it will take only about 20 minutes), and take advantage of everything these top online brokers have to offer free of charge. Investors can decide later in which brokerage account they want to deposit their money.

TradeKing Promotion - get $100 in free
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TradeKing Review

TD Ameritrade Promotion - 60 days free
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TDAmeritrade review
Updated on 3/10/2016.

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