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TradeKing review 2010: great customer service and community, low trading costs
TradeKing promotional code:
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- 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
We start TradeKing 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, Joint, Custodial
- Transfer on Death Account
- Trust Account
- Corporate Account
- Investment Club Account
- Partnership Account
- LLC Account
- Sole Proprietorship Account
- Traditional, Roth, Rollover IRAs
- SEP Account
- Coverdell Account
- SIMPLE IRA Account
TradKing Trading Tools Review
TradeKing offers professional-caliber trading tools for stocks, options, ETFs, mutual funds and fixed income
securities. The firm received a 5-star rating on its trading platform by Barron's magazine.
Some of the tools include MarketGrader Research Reports, our Maxit Tax Manager, Probability Calculator,
Profit and Loss Calculator, Stock and Option Screeners, Technical Analysis Tools and more.
The first to introduce social networking into the world of online trading, TradeKing.com now boasts
a vibrant and helpful online community. There users can share experiences,
ideas and strategies. See what others are trading and how they are performing. They can even gather insights and
analysis from the pros.
- 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
- Extra $0.01 per share on the entire order of stocks priced less than $1
TradeKing is one of our favorite brokerages -- we ranked it #2 among
Top Brokerage Firms in 2010
and rated it Best Brokerage in 2009.
The firm received lots of awards: 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 and Kiplinger's magazines
Annual Broker Survey for 2010, 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.
TradKing is not the right brokerage for trading penny stocks because of the surcharge. There are better
brokers for stocks below $1 that don't have 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. The firm is one of our
Recommended Brokerages. Investors could open cash account
with no money down and see what everyone is raving about.
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