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TradeKing IRA review 2012: ROTH, Traditional, SEP, Simple, Rollover Retirement Accounts
TradeKing retirement account promotional code/offer:
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TradeKing IRA Commissions, Fees and Investments Products (2012)
- 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
We start TradeKing retirement account review with trading commissions: $4.95 for stock trades and $4.95 plus $0.65 per contract
for options are among the best rates in the industry.
Individual Retirement Account Fees/IRA Fees
IRA setup fee: $0.
IRA annual fee: $0.
IRA conversion fee (regular to roth or vice versa): $50
IRA transfer out fee: $50
IRA termination fee: $50
IRA termination fee is charged for full IRA distributions and full outgoing transfers.
Only one $50 charge will apply to a full IRA transfer.
TradeKing IRA Pros
- 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
TradeKing IRA Cons
- 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
TradeKing IRA Review
TradeKing is one of our favorite online brokerage companies -- we
rated it as one of the
Top Brokerage Firms in 2012.
The firm received lots of awards from financial magazines: 5-star rating in Customer Service and Trading Tools in the June 2009
Barron's Broker Survey; 5-star in 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.
TradeKing has no minimum requirements or hidden fees. Beginners could place broker-assisted trades for the
same low price of $4.95 and could learn to trade and get investing ideas in the website's friendly community.
TradeKing is not the right brokerage for trading penny stocks because of the surcharge. There are better
penny stock brokers that don't charge this
additional commission.
TradeKing has no IRA setup or annual fees, as well as no account inactivity and maintenance charges. Therefore it's
great for people looking to open a no-fee investment retirement account with "buy-and-hold" investment strategy.
We strongly recommend TradeKing for all account types. Investors could open cash account
with no money down (non-IRA accounts have no account closing fee) and see what everyone is raving about.
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