TradeKing Review

Low Commission Stock Brokers

TradeKing Review

Tradeking is one of the leading low commission stock brokers, offering online trading at very competitive prices whether you are trading Stocks or Options, ETFs or Mutual Funds.

This competitive pricing makes this low commission broker extremely attractive to both, beginners and to professional traders as the lower commission fees will add up to substantial savings for frequent traders.

There are no minimums to open an account and there are no inactivity fees so if you don't place a trade for a period of time, you will not be penalized for it with additional broker fees. These are key benefits for beginners who do not want to feel pressurized into placing a trade at the wrong time.

TradeKing at a Glance:

  • Features powerful online equity, options and fixed-income trading tools
  • Low flat fees - $4.95 per trade plus $0.65 per options contract
  • Top Rated Broker by SmartMoney - 4 years running (2006-2009)
  • 4-Star Rated Broker by Barron's - 12th Annual Survey of Best Browser-Based Online Brokers
  • Extensive educational resources
  • No Minumims to open an account
  • No inactivity fees - so there is no pressure put on you to enter trades within a certain period of time

  • For stock and ETF trades, charges are $4.95 per trade - For option trades, charges are $4.95 per trade, plus 65 cents per contract.
    The charges are the same rate for market and limit with no minimums or hidden fees. In addition to offering low cost online trading -  they offer the same rate for broker-assisted trades.

    Equity Trades Comparison

    Market or Limit Orders TradeKing Scottrade TD Amertrade E*TRADE
    Online $4.95 $7.00 $9.99 $9.99
    Broker Assisted $4.95 $27.00 $44.99 $54.99

    TRADEKING adds $0.01 per share on the entire order for stocks priced less than $1.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. Minimum investment of $100 per order in OTCBB and Pink Sheet stocks. Opening trades for stocks below $0.01 per share are not accepted.

    Options Trades Comparison

    Market or Limit Orders TradeKing Scottrade TD Amertrade E*TRADE
    Per Trade $4.95 $7.00 $9.99 $9.99
    Per Contract $0.65 $1.25 $0.75 $0.75

    Trading Tools

    When you open your account, you'll get instant access to the award-winning suite of research and trading tools....

    • MarketGrader Research Reports
    • Interactive Charts
    • Maxit Tax Manager
    • Probability Calculator
    • Profit and Loss Calculator
    • Stock and Option Screeners
    • Technical Analysis Tools
    • Comprehensive stock and options glossary
    • and much, much more
    It's all free to every client, with no minimum balances or minimum number of trades.

    TradeKing Customer Service

    TradeKing once again received the maximum five-star rating for its customer service and quality of trading tools in SmartMoney's 2010 broker survey. Additionally, They were rated 1st in the customer service category (for the 2nd time!) and 5th overall.

    Fast telephone help, fast email responses and instant online broker chat.

    Trader Network

    The TradeKing Trader Network is a community of traders where we can connect with one another, share experiences, ideas and strategies, see what others are trading and how they are performing. Thousands of traders are joining each month.

    In the Traders Network you can follow the top traders and see what they are trading on a daily basis. The leader board of top traders allows you to track how the top winning traders do it.

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