Stock Broker Review: TradeKing

IMPORTANT: TRADEKING HAS MOVED TO ALLY.COM

 

Short Briefing:

TradeKing was found in 2005 and it is an online stock broker offering an easy-to-use platform. Customer service is strong with email & phone support plus live chat. There is no minimum account balance plus there are no IRAs and Maintenance Fees.

TradeKing
P.O. Box 49050 / Charlotte / NC 28277-3432

 

Brokerage Services include:

TradeKing offers trading Stocks, Options Contracts and ETFs.

 

TradeKing Commissions:

1) Stock Trading

Online Stock trading / ETF Trading starts from $4.95

2) Options Trading

Options trading at TradeKing starts from $4.95 with an additional $0.65 brokerage fee per contract

No fee is charged when using brokers to execute trades.

 

TradeKing Features:

1) Trade King is offering a wide variety of educational resources

2) Customer support even at late hours

3) High API compatibility. API partners include Mint, CoolTrade, SmartStops, and LionDesk.

 

Platforms & Mobile Trading:

TradeKing is offering applications for mobile devices (iPhone App and Blackberry App)

 

TradeKing Promotions:

When transferring an account worth more than $2.500, TradeKing is offering up to $150 in the form of a rebate.

 

TradeKing Account Information:

TradeKing doesn’t require any minimum account balance.

 

TRADEKING REVIEW CONCLUSIONS
TRADEKING ADVANTAGES	TRADEKING DISADVANTAGES
√ Low commissions √ High-quality customer support √ Low priced broker assistance √ No minimum account balance √ High Educational Resources √ API compatibility with 3rd partners	X Supports limited mobile devices X Trading platform offers limited tools

 

IMPORTANT: TRADEKING HAS MOVED TO ALLY.COM 

■ TradeKing Review

TradingCenter.org