Tradeking Reviews & Ratings + User Comments

What Type of Accounts you can open with TradeKing?

TradeKing offers a whole host accounts to choose from. You can easily find the one that suits your needs. Popular accounts that you can open with Tradeking are Individual, Joint and Custodial.

The list of all accounts that you can open with Tradeking is:

1. Individual Account
2. Joint Account
3. Custodial Account
4. Retirement Accounts: Traditional IRA | Roth IRA | Rollover IRA |
5. LLC Account
6. Trust Account
7. Sole Proprietorship Account
8. Investment Club Account
9. Partnership Account
10. Corporate Account

1. Stocks
2. Options
3. Mutual funds
4. Bonds
5. CDs
6. Forex
7. Treasuries
8. ETFs

TradeKing: Fees & Commissions

1. Options:TradeKing's pricing for trading options is less than what some of the other key players charge. One impressive thing to note is that the multi-leg trades are charged as a single-leg trade. Another good thing is that short trades on options valued at 5 cents or less, you pay absolutely nothing to close such positions.
2. Stocks, Mutual Funds and ETFs:TradeKing guarantees that orders will be filled at Best Bid and Offer prices available at the National level. This is a unique feature that allows placing fast-pace market orders.You can trade stocks and ETFs at a flat pricing, irrespective of how much you trade or how big your account is.
3. Certificate of Deposits: They offer CDs with different maturity dates.
4. Bonds:You can transact in bonds at $4.95/bond and a minimum $4.95/transaction.
5. Treasuries:Trades in Treasuries can be done at $24.95/transaction

TradeKing’s Tools and Platform Performance

Tradeking's research and trading tools are highly acclaimed among the investor community. Barron’s has rated them twice in the best web-based broker category.

Tradeking offers a Browser-Based trading platform, TradeKing LIVE. It is designed to meet active trading requirements and can work virtually on any mobile device, be an iPad or a tablet. You can keep a track of your investments in real-time through live streaming quotes and current news. The key advantages of TradeKing LIVE are as follows:-

1. It’s ideal for Real-Time Trading as you can manage watch lists and order entry on the same screen.
2. You can filter Option Chains to keep strikes from a desired range and access real time quotes along with implied volatility and even compare strikes from different expirations.
3. It allows you to place Multi-Leg Orders and pre-populate orders from your options chains.
4. The layout for TradeKing LIVE is customizable with easy Drag and drop feature.

Tools offered by Tradeking are:

1. Maxit Tax Manager: It simplifies your tax reporting while providing you real-time analysis and even helps in identifying tax-smart investments. It tracks all your portfolio transaction and calculates accurate tax liability.
2. Market Stats:Track market activity such as major advancers and decliners. You can view quick charts with 200 day moving averages.
3. Latest News: You even get comparision to peer stocks, historical quotes along with a snap-shot of current trading activity along with options activity.
4. Research Company Profile:You can get access to important data such as business description, market cap, stock price and volume, dividends, management profile, reported profits and valuations.
5. Company’s Earnings Forecast: Using this you get to compare how that company has performed in comparison to forecasts in the past. You can even compare these forecasts to related sectors industry and indices.
6. Track Insider Activity: You can see specific transactions and their impact on the stock price in a chart representation.
7. Customizable Watchlist:TradeKing platform lets you customize every bit your watchlist and on top of that you get quick access to options chains, charts and news, all in one place.
8. Quotes:TradeKing offers standard as well as streaming quotes. With these quotes you can track price info such as ask and bid, high and low, historical quotes and then other data such as options chains, peer performance comparison and much more.
9. MarketGrader Research Reports: MarketGrader is a popular report that identifies undervalued stocks using fundamental analysis. This report evaluates over 5,500 companies and lists the ones that are expected to beat analysts’ expectations.
10. Probability Calculator from TradeKing
11. Profit & Loss Calculator
12. Options and Strategy Scanners
13. Stock, ETF + Mutual Fund Screeners
14. Back Testing Screener

TradeKing's Mobile Platform

They have a mobile site which is compatible with most web enabled mobile devices. Traders can use mobile platform to trade basic options and stock orders, and track the latest account status. You may find it easy to get stock and option quotes, create watchlists and track positions. This platform allows you to check account activity anywhere anytime and you can access live Quotes and Charts. They also provide separate platforms for iPhone and Android based devices.

How good is TradeKing’s Customer Service and Support?

They surely are one of the top-notch players who maintain high quality customer service standards. They were ranked No. 1 by SmartMoney for their customer support.

Education & Training for Traders

Tradking offers a social platform for traders called "Trader Network" that lets you see the real trades that others are sharing. There, they have a leader-board, where you can track top traders as and when they make their trades. They also offer education for the traders in the "Education" section of the website. There you can find data segmented among security types, trader experience, market outlook, live events & webinars. They have one of the best knowledge center among the discount brokers.

Miscellaneous information about TradeKing:

Founded back in 2005, TradeKing has gained popularity among active traders for their fair pricing.

Ways to Fund your TradeKing Account

1. Wire transfers - This way you should be able to trade in a few hours or less.
2. Transfer your account from one another broker to TradeKing - For this you need to fill-up an account transfer form and submit it along with your latest brokerage statement.
3. Check Payment
4. Electronic transfer by setting up an ACH transfer - This you can directly do from the TradeKing website.

Extra Hours Trading with TradeKing: TradeKing allows Extra-Hours Trading. You can place pre-market orders from 8:00am ET till 9:00am ET. Post-market trading starts at 4:00pm ET for one hour.

TradeKing’s Auto Trade Feature:This is an optional feature and requires your authentication to be enabled. You don’t have to pay anything extra for the activation. Auto Trade allows you to automatically trigger trades based on recommendations based on your pre-set parameters or simply trade strategies from your favorite newsletter.