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TradeKing

DESCRIPTION
At TradeKing, you will pay just $4.95 a trade plus 65 cents per option contract. Period. We don't have any account minimums or hidden fees. We even charge the same price for broker-assisted trades.


DETAILS

Stocks:
4.95
Options:
4.95 + $.65/contract
Futures:
N/A
Forex:
N/A
Minimum:
1
Interest:
6.50%-4.50%
TAGS


RATINGS BREAKDOWN
5-Star       (3)
4-Star       (7)
3-Star       (0)
2-Star       (0)
1-Star       (1)
 
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Great Starting Point

I started Investing with Tradeking and have been very satisfied with their trading executions. Good customer service and decent commissions of 4.95 for trades (stocks). I still have an account with them although I use them less now as they do not have too many stocks to short and do not offer too many stocks below $3. Overall would recommend them to anyone who is starting to invest.

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1 of 1 people have found this review helpful.

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Solid Broker

Tradeking is solid. Live chat is readily available. There are lots of goodies and tools that make you feel like you could hang out on the tradeking site forever.

The only reason why I went to another broker is because their margin req % was high and many restrictions on short selling certain stocks. For the casual and beginner trader this is a great pick.

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2 of 2 people have found this review helpful.

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The following review is from www.consumersearch.com

offers both low-cost trades and excellent customer service

TradeKing offers both low-cost trades and excellent customer service, according to reviews. There is a flat fee of $4.95 per trade for trades of any type, 65 cents per option contract. There are no hidden fees, and there is no minimum to open an account, which makes this online broker ideal for those who are just starting to build a portfolio. TradeKing representatives communicate with customers in real time via the online TradeKing Community as well as by live chat and phone.

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29 October 2009
External Website



Low cost on-line broker with advanced trading tool set

PROS: TradeKing offers a lot of value, $4.95 per trade plus 65 cents per option. They also provide a large selection of advanced trading tools such as "one (event) triggers/cancels another", trailing stops, etc. Finally, they offer a great deal of investment education that is particularly geared to options trading. Their website is easy to use. It has a feature that allows one to dump their data to Quicken which can then be dumped to TurboTax making tax forms easier.

CONS: They don't yet have website for mobile (smart phone) use but they are working on developing one.

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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
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15 February 2010
Ditso



Member Page
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Good online broker for a light trader

I have to say I do miss trading with tradeking. My only complaint is they dont have any shares to short and the ones they do have are over 5 dollars. Because I trade using Tim Sykes strategy I needed a broker that had a better selection of shares to short. They have excellent tools that you need to ask for and they will give you for no charge. They allow pre-market and afterhours trading which some other brokers do not offer like sogotrade. After hours though is only offered till 5pm which can be a bit of a pain. All in all I would defintly sign up with them again if they had more shares to short and extended after hours trading a bit.

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Cust. Service Shines

Tradeking is definately a good starting point for anyone new to investing, primarily because of their low commissions and great customer service. The tools they offer aren't terrible but nothing compared to etrade pro. I have had an account there for over a year now and really can't find anything substantial to complain about. Great inexpensive place to start investing.

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22 December 2009
PWills



Member Page
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Good for the Poor

TradeKing has a low minimum and cheap commissions. To short hard-to-borrow stocks you need to call to check for availability. I feel as though SogoTrade is now the new TradeKing except it has $3 commissions instead of $5

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1 of 1 people have found this review helpful.

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01 December 2009
Dreagan



Member Page
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This is one of the top online brokers with high–quality tools

Look for great things from TradeKing in the future. This is one of the top online brokers with high–quality tools and educational materials and low commissions and fees. We find it impressive that the service has only been around since December of 2005 and is already a power player in the investment industry.

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29 October 2009
External Website



Good for Some

Great for small or beginning traders. Great with options and longing shares but terrible if your looking to do a lot of shorting

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1 of 1 people have found this review helpful.

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27 December 2009
GRun



Member Page
Other Reviews

Good starter broker!

For beginners into finance who just want to get by with decent executions and trading tools this is fantastic. Great value, I enjoyed the DRIP option for my long term holdings. Never can get as cheap as Zecco but for what you get it is a good deal, I have since moved on into full service brokers but I believe this will serve novices like I was very well.

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2 of 2 people have found this review helpful.

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Trade Pauper

This trading platform is for the poor. If you want the lowest commission rates and the least amount of power out of a platform, then go for trade-king. This platform should be called Trade-Pauper. However if you are taking a toe-dip and want to start out trading, I guess you could go for this, but why not have an all out great experience when you first start. You could use Ameritrade or Trademonster etc, JUST NOT TradeKing.

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