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

TradeKing Editorial Review & Client Feedback

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:

Broker Reviews 2011 Best Commissions and Fees in Stocks, Mutual Funds, ETFs and Options

TradeKing giving out 50$ just for Opening New Accounts

TradeKing joins Social Networking

Independent Rankings for Brokerage Firms based on Parameters that are important for any Investor

I will dedicate this post to my recent experience with TD Ameritrade. I must admit TD Ameritrade is an excellent brokerage firm, no doubt about that. However it comes with its own set of problems. Last week I was trying to purchase a stocks of a company (BIEL). I had been following them for a while and I knew it was time for BIEL to get buying signals and hence a great opportunity to make money.

Broker Reviews 2011 Best Commissions and Fees in Stocks, Mutual Funds, ETFs and Options

I logged on to my TD Ameritrade account to place a LIMIT order of few thousand shares of BIEL, but to my surprise I was not allowed to do so. I tried several times only to run into problems every time. Being frustrated I called the customer service, which was very prompt to respond (< 1 min hold  time). I was told that BIEL was put on hold by TD Ameritrade. Arghh!! I lost an opportunity to up my investments by about 15% in a matter of two days!

Did some research and opened an account with Zecco & OptionsHouse. They were right when they said maintain accounts with multiple brokerage firms. You might run into problems with any broker so you got to have a choice! Again by no means I am saying TD Ameritrade is bad! They are probably best among the lot, but you got to have options in the event that I ran into. I would recommend the readers to open accounts with one or more from following list:

1. OptionsHouse is currently running special ads for 100 Free Trades if you open your account before April 30th. On top of that, they are the cheapest as far as the commission rates go (2.95$ per trade).

Get 100 Free Trades with OptionsHouse.com

Read reviews at OptionsHouse Reviews

2. TradeKing is the top Rated Broker by SmartMoney – 4 years running (2006-2009). It also got 4-Star Rated Broker by Barron’s – 12th Annual Survey of Best Browser-Based Online Brokers. All that is available for low flat fees – $4.95 per trade plus $.65 per options contract

Open an account with Trading King – Tradeking

Read reviews at TradeKing Reviews

3. Zecco:Best thing about Zecco is their 10 free trades every month if you make 25 trades in a month. Hence your effective rate actually becomes a lot lower than what they advertise which is 4.5$/trade. Their effective rate comes down to 2.70$ / trade, now who can beat that? See details below:

Trade with Zecco for Free

Read reviews at Zecco Reviews

TradeKing is currently running a special for referral bonus. For valid referral who signs up with TradeKing, you will get 50$ deposited directly into your account. Referral process is extremely simple with TradeKing, all you really need to do is enter your friends’ email addresses and TradeKing can do the rest for you:

1. Notifying your friend about the great service provided by TradeKing. So essentially TradeKing is doing the salesman’s job for you.

2. Keeping track of your referrals and linking them to your account when they open the account with TradeKing.

Its all automated and well tested. All you really need to do is spread the word about TradeKing, and watch the cash roll in. It literally takes 10 seconds from your busy schedule.

You must have a regular investment (non-retirement) account with TradeKing in order to receive the reward. But don’t worry, you can open a non-IRA account at TradeKing to receive your reward. So what are you waiting for? Login now and start entering email addresses to refer your friends.