Optionshouse vs TradeKing
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Optionshouse versus TradeKing: Commissions, Fees and Investments Offered
- $3.95 per stock/etf trade
- Options: $5 for up to five contracts, $1 for each additional contract OR $8.50 plus 0.15/contract
- Mutual Funds: $9.95
- Call support to buy U.S. treasury bonds and listed corporate bonds
- $4.95 per stock/etf trade
- Options: $4.95 plus $0.65 per contract (for up to 8 contracts) and $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/bond ($14.95 minimum)
- Treasuries: $24.95 per transaction
- Certificates of Deposit (CDs): $24.95 per transaction
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Optionshouse vs TradeKing: Advantages
- Great commissions
- Very good trading tools and charts
- Virtual trading available
- Extensive educational materials
- Competitive option tools and pricing
- Great customer service
- Trader Network: best investor community out there
- Free IRAs (no setup and annual fees)
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Optionshouse vs TradeKing: Disadvantages
- $0.005 per share surcharge on stocks priced $2 or less that are not options eligible
- 2x margin (many brokers offer 4x margin)
- Not for penny stocks traders: $0.01 per share surcharge on stocks less than $2
- 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
- Inactivity fee of $50, if account balances below $2,500 AND no trades in the last 12 months
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Optionshouse and TradeKing Websites and Ratings
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