TradeKing Fees, Commissions, IRA Account Fees, Broker Stock Trading Costs



TradeKing is Now Ally Invest


TradeKing was acquired by Ally Bank and it is now called Ally Invest. For the newest version of this broker fees and rates go to Ally Invest Fees article.


TradeKing Fees, Trading Commission Structure, and Investment Products


InvestmentsCommissions
Stocks and ETFs $4.95 ($3.95 per trade if making 30+ trades per quarter or for $100,000 balances)
Options $4.95 + $0.65 per contract ($0.50 per contract if making 30+ trades per quarter or for $100,000 balances)
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
Promotion links TradeKing promotions



TradeKing Margin Rates


Debit Balance Margin Rate
$0.01 - $4,999 8.75%
$5,000 - $9,999 8.75%
$10,000 - $24,999 8.75%
$25,000 - $49,999 8.50%
$50,000 - $99,999 7.75%
$100,000 - $249,999 6.50%
$250,000 - $499,999 5.50%
$500,000 - $999,999 5.00%
$1,000,000 + 4.25%



TradeKing Cash Sweep Interest Rates


Cash balances do not currently earn an interest. You may request that your account be enrolled in an interest-bearing Federal Deposit Insurance Corporation ("FDIC") insured deposit sweep program. Current yield is 0.01%.




Regulatory Fees


SEC .0218 per $1000 of principal (sells only)
ORF (Options Regulatory Fee) .0404 per contract (buys and sells)
TAF (Trading Activity Fee) .000119 per share (equity sells)
TAF (Trading Activity Fee) .002 per contract (option sells only)
Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny. Bonds are also subject to a TAF fee and can be charged up to $0.75 per bond traded, regardless of the bond's par value.



TradeKing IRA Fees


IRA Annual Fee None
IRA Transfer Out Fee $50.00
IRA Closure Fee
IRA closure fee is charged for full IRA distributions and full outgoing account transfers.
$50.00



TradeKing Account Fees


ACAT Transfer Out $50.00
Partial ACAT Transfer Out $10.00 per security, $50.00 maximum
Outgoing Domestic Wire Transfer $30.00
Overnight Delivery $50.00
Check Withdrawal $5.00
Check Stop Payment $30.00
Returned Checks $30.00 Plus interest for any trades from the earlier of the settlement date or date of deposit
Returned ACH $30.00
Returned Wires
Applies to attempted third-party wires
$30.00
Pre Pay Settlement Fee $20.00
Stock Certificate Deposit DTC Rejection Fees $175.00
Stock Certificate Deposit Processing Fee
Commission on stock certificate deposited into TradeKing will be equal to 5% of the principal amount of the trade. Stock Certificates cannot be used to fund a new account.
$300.00 per Certificate
Non-transferrable security charge per position $20.00 per month
Vault Fee
Restricted certificates held for missing paperwork, certificates for Securities that are not DTC eligible, etc.
$60.00 per Year Charged Monthly
Outgoing DTC
Electronic delivery of individual certificates via Depository Trust Company
$25.00 per Position
DWAC Transfer Fee per Position $50.00 + Any transfer agent fees up to $150
DRS Transfer Fee per Position $115 per position
Paper Statements or any electronic statements requested that are older than 2 years $4.00
Paper Confirmations $2.00
1099 Request for Exempt Accounts $50.00
Tax document requests by fax and regular mail $50.00
Option Exercise $9.95
Option Assignment $4.95
Option Position Management $100.00 + Regular Commission
Margin Sellouts, Restricted Accounts, and Broker-Assisted Trades $40.00 + Regular Commission
Short Stock Daily Charge at Cost
Worthless Securities Processing $30.00 Other fees may apply
Reg T Extension $10.00 + Interest to Settlement Date
Foreign Stock Transaction Fee (not ADRs) $50.00 + Regular Commission
Foreign Stock Incoming Transfer Fee $50.00 per Position
ADR and other foreign stock semi-annual charges At Cost
Voluntary Reorganization $50.00
Entity Account Opening Fee $250.00 (Corporation, LLC, Partnership)
Entity Account Annual Fee $200.00 (Corporation, LLC, Partnership)
Index Products
Tradeking charges this additional per contract cost on certain index products where the exchange charges fees. To see a full list of index options that incur additional fees.
$0.35 per Contract
Penny Stocks
For stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95.
$0.01 per Share
OTCBB & Pink Sheet Stocks Minimum investment of $100 per Trade
Other Transfer Agent and Trade Settlement charges for certain securities may be passed through to you by our clearing firm.



  Check Writing TradeKing Fees


Apex SelectTM Annual Checking* $20.00 annual fee
Apex SelectTM Annual Debit Card $35.00 annual fee
Check Re-Order $15.00 (50 checks)
Returned Checks $35.00
Stop Payments $35.00
Check Copies or Other Research $15.00
ATM Withdrawals $1.00
Sales Draft Copy $15.00
Collection Processing $25.00
Domestic Overnight Shipping $45.00
International Overnight Shipping $100.00



TradeKing Incentive, Review and Website Link


Read full TradeKing Review.

TradeKing incentive: Get a $100 cash bonus or $500 in commission-free trades with Ally Invest.

TradeKing fees are as of 2017 and are subject to change. For the most recent information on TradeKing fees visit their website:


Ally Invest


Updated on 5/19/2017.





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