TradeKing charges a flat–rate, discounted commission for a first–rate online brokerage experience and is the “TopTenREVIEWS Silver Award” winning online stock trading service. TradeKing has the least expensive, non–tiered commission of any of the brokers in this review—any type of trade for anyone is only $4.95.
They offer extensive free tools for stock screening and monitoring, pricing is amazingly low and straight forward and they have the lowest price for broker assisted orders. Don’t just take our word for it, look at Barron's, SmartMoney and Kiplinger's reviews, TradeKing is making waves and is worth checking out.
TradeKing Standout Features:
- $4.95 fees for everything, market, limit, option and broker assisted trades
- Supports an active trader network
- No account or trade minimums
- National Best Bid or Offer guaranteed
- Accounts protected up to $25 million
TradeKing offers a non–tiered commission schedule so everyone gets the same rates regardless of account balance or trade activity. This broker has the lowest fees of any of the services in this review. All trades are just $4.95 and $0.65 per options contract. There is no minimum account balance so it’s a great service for someone just starting his or her investment portfolio.
TradeKing offers the basic investment vehicles including stocks, options, mutual funds and exchange–traded funds. They also offer some fixed income investments including U.S. Treasury and Agency Issues, bonds and CDs; however, you can’t purchase fixed income investments online. You have to contact a representative by phone to make your orders.
You can set up an IRA account for your retirement and an education savings plan to fund you or your children's higher education.
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