Tradeking Editor Review

TradeKing is the Google of online brokerage firm domain. When everyone thought paying 10-15$ was okay for a stock trade, TradeKing came up with 4.95$ flat rate per trade which is still unbeatable by any other brokerage firm with providing comparable service. TradeKing WILL NOT DISAPPOINT YOU even when you study it in detail and use it for few weeks. The complete focus of TradeKing on customers' needs makes them the preferred choice brokerage firm among all other trading platforms. There are other things that online traders want to know before placing their trust on any of the online brokerage firms. Just do a Google search to find out if TradeKing had any prolonged outage issues in the recent past, and you’d be glad to know the company doesn’t face any issues on this count. When you are switching between pages, it doesn't take forever to load (very important when placing the trade as prices change in the fraction of a second). This is even true when there’s been a big announcement and people are rushing to the site).

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Intuitive User Interface for TradeKing Customers

The user interface of TradeKing spoils you to no end. Just type the symbol and the share price of the same appears conveniently on the screen (there are many platforms that don’t provide this facility). The same screen provides all the information about the company and stock, and even insider activity as well as other important details. That's all you need to make your trading decision, stop wasting your time in trying to find such critical info! The stock screener provided by the site comes with loads of filters and you can save your settings so you don’t have to pick the same settings all over again.

Its cheap to trade with TradeKing

The stock trade pricing is another area where TradeKing is hard to beat. The company charges $4.95 per trade and $0.65 per options contract. The price remains the same whether you are a frequent trader or not. You can also trade through the phone for the same price at $4.95 per trade, which is also known as broker assisted trade. Most of the time you can trade online, but it’s good to have the option in scenarios such as when your PC is down.

Free Stock Market Analysis

TradeKing also provides free analysis with every account so you can be aware about the current happenings in the market. People especially like the short summary provided by the brokerage which tells the customers whether they are bullish on the stock or not. Forget long articles from Wall Street Journal if you are busy and need information fast. TradeKing also conducts webinars for educating its customers regarding the complexity involved with online stock trading. These seminars are one of the best among the industry and highly regarded

TradeKing Standout Features:

• $4.95 fees for everything, market, limit, option and broker assisted trades
• TradeKing supports an active trader network
• No account or trade minimums
• National Best Bid or Offer guaranteed
• Accounts protected up to $25 million

The commission schedule of the company is a non tiered one so everyone pays the same rates whatever their account balance. Just sign up for an investment portfolio and you can start trading, a great service for anyone just starting out.

Advantages of opening TradeKing Account

• TradeKing charges are very low at $4.95 per stock trade, and there are no hidden fees either. Zecco offers free trade which TradeKing doesn’t, but Zecco is likely to make access to those free trades more difficult (you have to have 25,000$ in your account in order to qualify for those free trades). Apart from Zecco, TradeKing is definitely cheaper compared to E-Trade, Fidelity Investments, D Ameritrade and Charles Schwab.
• You are not required to cough up any minimum deposit
• No other hidden fees you need to pay with other discount brokers.

TradeKing History

Tradeking was started in December 2005, and is an online brokerage services that targets stock and option traders. The investors' social networking was pioneered by TradeKing and it also offers Web 2.0 support for the investors and traders.

The second TradeKing office of the firm at Charlotte, NC was started in 2007.

The brokerage firm has also released an Options Playbook, which explains common options trading strategies in simple language.