Ally Invest

TradeKing Friend Referral Bonus

TradeKing friend referral bonus program or $50 offer promotion link for recommended friend to open new brokerage account in 2017.

TradeKing Friend Referral Bonus

Enter your email to get $50 for FREE: (you will recieve invitation from the TradeKing to open account to that email address). To qualify, all you need to do is open an account, fund with $3,000 and place 3 trades within 90 days.

Account types that don’t qualify include: Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Simple IRA, Solo 401K, Coverdell IRA and Ally Invest Advisors accounts. Accounts will be reviewed 90 days after account is opened to confirm that all of the requirements are met. At the time of review 3 trades must have been placed within the past 90 days and the account must have at least $3,000 in account equity.


TradeKing New Customer Promotion

Switch to Ally Invest and get up to $150 in transfer fees reimbursed.

Ally Invest

TradeKing Review

TradeKing is one of our favorite online brokerage companies -- we rated it as one of the top online brokers in 2017. We have pretty good reasons: the firm offers extremely low, $4.95 commission on stock or ETFs trades, it provides award-winning customer service, and a helpful online member community. The company keeps constantly improving in every area - new features and updates are rolling out regularly.

Since majority of retirement account holders invest in mutual funds, the selection of funds and the pricing is imperative for any IRA. TradeKing charges just $9.95 for no-load transaction-fee mutual funds (this is the lowest rate, matched also by OptionsXpress). The company offers over 8,000 mutual funds, including load and no-load funds from most leading fund families.

TradeKing doesn't charge IRA account setup and annual (also known as custodial or maintenance) fees. There are no minimum balance requirements or hidden fees - all fees are listed here. Beginner investors can place broker-assisted equities trades for the same low price of $4.95 as online trades, and can learn to trade and get investing ideas in the website's friendly user community.

Clients can open either a traditional or Roth IRA with TradeKing, and like many brokerages the account can be actively traded, but margin trading is not allowed. The account is easy to open, and the forms are all available on the website. Users can either make a deposit or transfer an existing IRA, and the company will reimburse the transfer fees up to $150. There is the ability to trade options in the TradeKing IRA, providing the investor can demonstrate option-trading experience. TradeKing may charge an inactivity fee of $50 if the account balance falls under $2,500, and no trades were placed for one year. It doesn't make sense to open IRA at TradeKing if you can't avoid this fee - take a look at our No-fee IRA companies article instead.

For the active investor, TradeKing is a good choice for an IRA account given the low pricing, the comprehensive trading tools, research and education available. Naturally, they offer all of this to encourage trading in the account, which is how they generate the most revenue.

TradeKing is now the sixth largest brokerage company in the United States. We strongly recommend it for retirement accounts (Traditional, ROTH, SEP, Simple, Rollover IRA) provided you could avoid inactivity fee.

Continue to 2017 TradeKing Review »

Updated on 1/2/2017.

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