TradeKing Review 2012

TradeKing Trading Commissions


  • $4.95 per stock/etf trade
  • Options: $4.95 plus $0.65 per contract (for up to 8 contracts) and $8.95 plus $0.15 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/bond ($14.95 minimum)
  • Treasuries: $24.95 per transaction
  • Certificates of Deposit (CDs): $24.95 per transaction


TradeKing Important Fees and Surcharges


  • Extended hours surcharge: $0
  • Large order surcharge: $0
  • Penny stocks surcharge: $0.01 per share
  • IRA set-up fee: $0
  • Annual IRA fee: $0


TradeKing Pros


  • Competitive option tools and pricing
  • Great customer service
  • Trader Network: best investor community out there
  • Free IRAs (no setup and annual fees)


TradeKing Cons


  • Not for penny traders: $0.01 per share surcharge on penny stocks
  • if you have a business, corporate or even a family LLC, TradeKing will charge you $250 to open that account and, $250/yr. as a maintenance fee


TradeKing Account Types


  • Individual
  • Tax deferred college fund
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • SIMPLE IRA
  • SEP IRA
  • Coverdell Education Savings Account (ESA)


TradeKing Review


TradeKing offers very good commissions if you don't invest in penny stocks. The firm has few fees (no hidden fees) and free IRA accounts. It provides good research. Minimum to open account is $0.

Tradeking's Trader Network has a forum and a dashboard where all traders could see each others portfolios (if allowed by the user), and write comments on trades. You can also see a scrolling trading activity of what is hot and being traded by Tradeking traders as well as members' gains or losses. This could be invaluable for beginner investors as well as for more experienced ones.

TradeKing is known for great customer service. The company is one of the best brokerage firms for options traders and stock (ETF) investors. For Trader Network alone, we would open account with them - hey, it costs nothing!


TradeKing Promotional Codes
TradeKing Reviewed by Savings-Secrets.com on . Rating: 5
Brokerage Firms Promotional Offers
Share
Subscribe To Savings Secrets Updates
Enter your email to get updates:
Savings-Secrets.com has partner relationships with some companies listed on its website. Savings-Secrets.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a services listed here.
Savings Secrets. Copyright 2009-2012 Savings-Secrets.com. All rights reserved.