Stock Broker Reviews




Charles Schwab review

Charles Schwab vs TradeKing comparison: which brokerage firm is better?




Charles Schwab vs TradeKing Trading Fees and Investments Offered




TradeKing
Charles Schwab
  • Stocks and ETFs: $4.95 (for stocks over $1)
  • Options: $4.95 plus $0.65 per contract
  • Mutual Funds: $14.95
  • Bonds: $4.95/bond ($14.95 minimum)
  • Treasuries: $24.95 per transaction
  • Certificates of Deposit (CDs): $24.95 per transaction
  • Investments: stocks, options, mutual funds, bonds, ETFs
  • Minimum to open account: $0
  • All TradeKing fees and margin rates
  • Stocks and ETFs: $8.95
  • Options: $8.95 plus $0.75 per contract
  • Mutual funds: $49.95. Mutual Fund OneSource® Funds - free
  • Investment products: stocks, bonds, mutual funds, futures, treasury issues, options, CDs, insurance, ETFs, annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
  • Minimum to open account: $1,000
  • All Charles Schwab fees and margin rates



Compare TradeKing and Charles Schwab Pros



TradeKing
Charles Schwab
  • One of the best in trading commissions
  • No minimums or hidden fees
  • Award-winning trading tools
  • Best rated customer service
  • Low margin rates
  • Best online investor community
  • Fee-free IRAs
  • Extensive educational resources
  • Traditional banking features: credit cards and checking accounts
  • Around 300 offices for personal visits and deposits and 24/7 support
  • No account service fees
  • Rich selection of investing products
  • Minimum balance requirement: $1,000
  • Excellent customer service



Compare TradeKing and Charles Schwab Cons



TradeKing
Charles Schwab
  • Extra $0.01 per share on the entire order of stocks priced less than $1
  • High commissions on stocks, options, mutual funds and ETFs
  • Average trading tools
  • Outdated and difficult to navigate website



h2>TradeKing vs Charles Schwab Comparison Summary


Tradeking offers much lower commissions than Charles Schwab: $5 per trade against $8.95 per trade on stocks and ETFs, and $14.95 against $49.95 on mutual funds. TradeKing has $0.01 per share surcharge on penny stocks.

Both Charles Schwab and TradeKing have no inactivity or maintenance fees, no IRA account setup and annual fees. The firms also do not charge higher commissions for large size orders.

TradeKing is one of the best brokers for new investors: it has lots of learning materials and great trader community. For people new to investing we strongly recommend TradeKing.

TradeKing easily outclasses Charles Schwab in trading tools and we rated it Best Brokerage Company in 2009. We definitely recommend TradeKing over Charles Schwab.


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Charles Schwab Promotion Link

Charles Schwab review





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