2
2010
TradeKing’s Latest Pricing Comparison with Leading Online Brokers
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Broking solutions from TradeKing are relatively easier to understand while their trading platform and related tools are easy to operate. Just like any other online discount broking firm, TradeKing’s commissions for stocks, options and other trading instruments are one of the lowest in the industry.
Fair Value and fair pricing: 4.95$ / Trade
Commissions Charged for Equity and Options Trading
TradeKing’s Equity Trading Commissions
Whether it is a limit order or a market order their fee is fixed at $4.95, which is lowest among leading brokers in the industry. Its nearest competitor Scottrade charges $7/trade, whereas, optionsXpress, TD Ameritrade and E*TRADE charge higher to $9/trade. That’s not all, TradeKing has gone ahead and kept the broker assisted trade charges same as normal trade charges at $4.95/trade. All other brokers mentioned above are no where close to TradeKing on this one as their charges range between $9.95 to a hefty $54.99 for every broker assisted trade. However, TradeKing charges $0.01/share on stocks with trading price less than $1. Also, they do not accept trades that include stocks with value less than $0.01.
TradeKing’s Options Trading Commissions
It is one of the most favored brokers for option traders as the commissions are $4.95/trade with an additional $0.65/contract. Scottrade is the nearest competitor as per commissions charged as it allows options trades at $7.00/trade with an extra charge of $1.25/contract. TD Ameritrade charges $9.99 plus $0.75/contract and the same pricing applies for E*Trade Financial. Another popular broker optionsXpress is a bit expensive for option traders as it charges $14.95 plus an additional $1.50.
Pick TradeKing for these Reasons
For complete Consumer Satisfaction
Usually, customer service is a serious lag among discount brokers, but at TradeKing You will get instant help from a customer relationship manager through chat and email. Their customer service has been admired by industry experts and many happy clients, and the recent ratings from Kiplinger and SmartMoney simply shows their excellence in the field.
Account Opening Benefits at TradeKing
Two popular offers
1. Earn $50 When You Refer Your Friends to TradeKing.
2. They Cover Transfer Fees up to $150
On account opening, customers are granted access to their award winning platform of trading and research tools, reports, calculators, screeners and a broad glossary of stocks and options. They even have a technical analysis tool option suitable for advanced investors and active traders. All these features come free of charge for all clients and there are no trade minimums attached.
Socialize and strategize with their Traders Network
Trading alone can be a nightmare, and at TradeKing you’ll never feel alone as they have this integrated network of clients, where everyone can benefit form each others experiences and guiding tips.
Feel safe with Protected Accounts
They use encrypted technology for secure transactions; moreover, there accounts are enables with SIPC protection and additional third party insurances. So, these features ensure that one will never be scammed with TradeKing.
Read More:
Is TradeKing a Suitable Brokerage Firm for You? And a Fine-Print View of their Current Promotions
Opening No Fee IRA Account with TradeKing: A Quick Review of the Real Deal
Independent Rankings for Brokerage Firms based on Parameters that are important for any Investor
Related Posts
Which IRA is more Flexible and Profitable? Discussing Roth IRA and Traditional IRA
Is TradeKing a Suitable Brokerage Firm for You? And a Fine-Print View of their Current Promotions
TD Ameritrade Pricing Structure Review: Do they really keep it Plain and Simple?
A Winning Combination for Traders: Are you tired of Loss Making Trades?
About the Author: Varun Walia
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