TradeKing Reviews And Information
TradeKing Commissions
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Market:
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$4.95
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Limit:
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$4.95
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Options:
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$4.95 + $0.65 per contract.
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Rate this Broker
Founded in 2005,
TradeKing is one of the newest brokers on the Internet. Their stated goal is to be one of the lowest-cost providers in the market, with a particular focus on options trading.
TradeKing Services
Trade King's commissions are among the very lowest available anywhere. Their commission structure and margin rates are straightforward, and are the same for everyone, no matter the account size or activity level. Broker-assisted trades may be placed over the phone at no additional charge. Further, there are no hidden fees for low activity or low balances, like some other discount brokers (such as
Etrade) charge.
TradeKing offers customizable screens, one-click ordering, and combined orders for complex options strategies like straddles, strangles, spreads, buy-writes, etc. They provide a suite of advanced options research tools including real-time Greeks, volatility charts, probability calculators, and screeners.
TradeKing also offers a community system where traders can read guru blogs and track their performance in real time, and rate financial articles. They also sell investment books and audio programs at low prices to help traders learn more about the markets.
TradeKing Reviews in the Media
TradeKing has gotten off to quite a start, earning a #1 ranking from SmartMoney for 2 years in a row, and counting. Not bad for your first two years in business. The firm has also been given a 4-star rating from Barrons. The critics have praised TradeKing for its extremely low costs, excellent research tools, and sophisticated accounting reports.
Downsides to consider
TradeKing's product offering is somewhat limited, and like other deep-discount brokerages, you shouldn't expect a great deal of personalized attention, although they do offer live broker-assisted trades at no additional cost.
Bottom Line
TradeKing is one of the best values out there. They provide a comprehensive suite of tools for options traders, and dirt-cheap commissions. Thus,
TradeKing.com is one of our two top choices for self-directed investors. (The other is
Zecco.com).
Either is an excellent choice for investors who don't have a strong need for personalized attention from their brokers.
If you prefer more personal attention, but are still cost-conscious, you might consider
Scottrade instead. Investors wanting even more personalized service, and who are willing to pay a bit more for it, might want to consider
Schwab, or
Fidelity.
User Rating
Latest User Review for TradeKing
Notable Features
Very low costs, advanced tools for options trading
Investments Available
Stock trading, options trading, bond investing, mutual fund investing.
Alternate Spellings
TradeKing,
Trade King,
King Trade
Based on 4 votes.
This is the ideal broker for small investors because of it's very low brokerage and insightful guidance.It provides timely tips to enter and exit from the market.It is particularly very beneficial for day traders.Investors for long time horizon would not find anything extraordinary here.Those wbeepare primarily into derivatives will find it very useful.I am very much into options trading and find it's option spread sheet very logical.They certainly value their customer very much and are always very quick in their response. My recommendation for investors are positive with this broking firm. thanks.
manan419@yahoo.com