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 |
|
