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USAA
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USAA Brokerage vs Tradeking
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Tradeking vs USAA Brokerage: Commissions, Fees and Investments 2012
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- Stocks and ETFs: $4.95 (for stocks/etfs priced over $2)
- Options: $4.95 plus $0.65 per contract (for up to 8 contracts) OR $4.95 plus $0.65 per contract (for over 8 contracts)
- Short options valued at 5 cents or less, can be bought to close these positions for no charge (commission free)
- Multiple legs will only be charged one base price of either $4.95 or $8.95, depending on how many total contracts are involved
- Mutual Funds: $9.95
- Bonds: $4.95 per bond ($14.95 minimum)
- Treasuries: $24.95 per transaction
- Certificates of Deposit (CDs): $24.95 per transaction
- Investments: stocks, options, mutual funds, bonds, CDs, treasuries, ETFs
- Minimum to open TradeKing account: $0
- All TradeKing fees
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- Stocks and ETFs: $8.95 for Gold members and $5.95 for Platinum members (an additional $0.01 per share and $0.005 is charged for each share over 1,000 for Gold and Platinum, respectively)
- Stocks and ETFs broker assisted: $50 (an additional $0.005 per share is charged for each share over 1,000)
- Options: $8.95 + $0.75 per contract for Gold members and $5.95 + $0.75 per contract for Platinum members
- Transaction-Fee No-Load Funds: $45 minimum
- All Listed Corporate Bonds: $25 plus $3 per bond
- U.S. Treasury Securities at Auction: $45
- Investment products: stocks, options, mutual funds, bonds, U.S. Treasury Securities, ETFs
- Minimum to open USAA Brokerage account: $0
- All USAA Brokerage fees
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Tradeking vs USAA Brokerage: Pros
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- Great commissions
- No minimums, maintenance or hidden fees
- Free real time quotes
- Award-winning trading tools
- Best rated customer service
- Low margin rates
- Best online investor community
- Fee-free IRAs
- Extensive educational resources
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- No account maintenance, inactivity or hidden fees
- Good banking services
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Tradeking vs USAA Brokerage: Cons
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- Additional $0.01 per share on the entire order of stocks priced 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
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- Higher than average commissions for Gold Members
- Surcharge of $0.01 per share and $0.005 is charged for each share over 1,000 for Gold and Platinum, respectively
- Poor trading platform
- Few educational resources
- Few research services
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USAA Brokerage vs Tradeking: Comparison Summary
USAA Brokerage (USAA Brokerage Review)
has much higher commissions to buy and sell stocks and ETFs than
Tradeking (Tradeking Review):
$8.95 per trade versus $4.95 per trade. Active traders (making 25 or more trades in a rolling 90 day period, or executing 16 or
more trades in a rolling 90 day period and having $50,000 or more in eligible assets), will get $5.95 per trade rate.
TradeKing is one of our favorite online brokerage companies -- we rated it as one of the
Top Investment Firms in 2012.
The firm received lots of awards from financial magazines: 5-star rating for Customer Service and Trading Tools in the June 2009
Barron's Broker Survey; 5-star for Customer Service in the 2008 Barron's Brokerage Survey; overall #1
Discount Broker in 2007 and 2006, according to Barron's. In Smart Money, The Wall Street Journal and Kiplinger's magazines
Annual Broker Survey for 2010 and 2011, TradeKing ranked first in Customer Service.
USAA Brokerage does not have much to offer to prospective customers. We recommend Tradeking to everyone: from beginner investors
to active traders and day-traders.
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USAA
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