Is TradeKing the Right Stock Broker For You?
TradeKing is a discount stock broker with world-class customer service & plenty of free tools to support nearly every trading strategy. Exhibiting an attractive combination of low-priced commissions, rapid trade execution, and professional-caliber tools on an intuitive platform, TradeKing is certainly a brokerage that provides great value for both beginning and advanced traders.
Top 4 Reasons to Use/Switch to TradeKing:
1. Customer Service: TradeKing cares about you as an individual investor, and it shows. They have fast phone help without the dreaded lengthy hold times, educated brokers that know what they’re talking about to assist you, rapid email responses to all inquiries, and my favorite: live chat for instant broker access, available from 8 a.m.to 5 p.m. Monday – Friday.
Overall, every single client, small account or large, is treated with prompt, courteous, and knowledgeable service.
2. Tools: Every tool available on the TradeKing platform is absolutely 100% free, and there’s no shortage of them. Whether you’re looking for strategy scanners, probability calculators, tax management, real-time quotes, breaking news, or automated email alerts, TradeKing has a solution for you. You can also create personalized watch lists of potential investment opportunities and run customized scans for specific chart pattern formations, among many other capabilities.
Remarkably, the TradeKing Live platform is also provided for free to anybody with an open account upon request, regardless of your trading volume. Whether you make 1 trade per year or 100, it is still free. Many competing brokerages only offer their comparable browser-based dashboards for a hefty fee or require you to make numerous trades for it to be complimentary. Having this tool at your fingertips at no cost is ideal for new investors as well as seasoned traders looking to cut costs.
3. Trader Network: This active and passionate community of traders is another aspect of TradeKing that makes it stand out from the rest. Through forums and personal blogs, investors can connect with one another to share experiences, ideas, and strategies. In my opinion, it is never a good idea to trade alone, and with the aid of this platform, you can find like-minded investors with the same market approach, skill level, and goals as you.
The blog platform is outstanding because it allows you to share your own opinions and strategies. You can also keep a trading journal that includes notes to remind you of your rationale for entering specific trades or other investments. These are always an outstanding source of education to look back on in order to learn from past mistakes, as well as capitalize on similar opportunities in the future. As a bonus, you will undoubtedly receive insights from fellow traders, including professionals.
4. Pricing: TradeKing keeps their pricing fair and simple with a flat-fee of $4.95 per stock trade. Options require a $4.95 base, plus 65 cents per contract. Keep in mind that TradeKing does, however, have a penny stock surcharge – for stocks priced at less than $2.00 per share, there is an additional charge of 1 cent per share. Fortunately, the maximum commission cannot exceed 5% of the trade value.
If you are currently with another brokerage and want to switch to TradeKing, they will cover transfer costs up to $150. There are no account minimums, meaning you can open an account with any dollar amount, and all accompanying tools and platforms are free.
TradeKing’s Most Attractive Promotions:
Refer-a-Friend Program: Anybody with an open non-retirement account is eligible to refer friends, family, or fellow traders to open a new TradeKing account. Both the “referrer” and “referred” parties will receive a $50 credit to their accounts after the referred party opens an account with a minimum of $3,000 & executes 3 trades within a 90 day period. After 90 days, TradeKing will review the referred party’s account for validity and then deposit $50 into both accounts.
If you’d like to take advantage of this offer, you can email me at MThomas@The-Path-to-Prosperity.com and I will send you the referral link. There’s no point in leaving free money on the table if you’re planning on opening a TradeKing account.
$1,000 in Free Trade Commissions: This is a limited time offer for individuals opening new accounts. You must use promo code “FREE1000” while creating your account to redeem. This offer requires you to fund your new account with $5,000 or more within 30 days. Commission credits are only valid for 60 days after the award date, so this offer is best suited for day-traders & swing traders who trade often.
$150 Transfer Fund Reimbursement: If you want to migrate an existing account you have with another brokerage to TradeKing, they will cover any transfer costs this may incur up to $150. It takes just a few simple steps and a couple of forms to complete.
TradeKing is an enticing online stock broker dedicated to empowering the independent, self-directed investor with an attractive spread of low commissions & fees, powerful tools, and a generous arrangement of news, research, and analysis capabilities. Easy account management allows you to check up on your account balances, order status, holdings, realized gains & losses, and even fund your account from your computer, or even your phone. Mobile-friendly apps are available for both iPhone & Android. Overall, TradeKing provides great value for not only stock transactions, but bonds, options, mutual funds, ETF’s, and Forex as well. Get started with TradeKing today and start building your investment portfolio.
Please leave any questions and/or comments below.
Written by Matthew Thomas