TopTenREVIEWS - Bronze Award - Awarded for excellence in design, usability and feature set

TradeKing has one of the least expensive, non-tiered commission structures of any broker in our review. Trades are $4.95 plus $0.65 per options contract, and there is a $20 fee for broker-assisted trades. TradeKing may not offer the lowest prices, but it makes up for it in exceptional customer service and trading education. TradeKing has extensive free tools for stock screening and monitoring. It also supports an active trader network with no account or trade minimums. Account protection up to $25 million is a great benefit. TradeKing, the TopTenREVIEWS Bronze Award winner is strong in the online stock trading world.

Fees and Commissions
Compare
10/10
optionsXpress
OptionsHouse
TradeKing
Scottrade
Fidelity
E*TRADE Financial
Charles Schwab
TD Ameritrade
ShareBuilder
Firstrade
9.6
9.6
10
9.4
7.5
8
7.5
8.8
8
7.8

TradeKing offers a non-tiered commission schedule so everyone gets the same rates regardless of account balance or trade activity. Trades are just $4.95 and $0.65 per options contract and $20 for broker assisted trades. There is an inactivity Charge at TradeKing: an annual $50 charge. If an account does not have a commissioned trade executed during a 12 month period and the total value for all accounts with the primary registration under your account is less than $2,500 in equity, the inactivity charge kicks in.

Investments Offered
Compare
8.1/10
optionsXpress
OptionsHouse
TradeKing
Scottrade
Fidelity
E*TRADE Financial
Charles Schwab
TD Ameritrade
ShareBuilder
Firstrade
9.4
10
8.1
8.4
7.5
9.4
9.8
9.4
8.8
7.5

TradeKing offers the basic investment vehicles including stocks, options, mutual funds and exchange-traded funds. It also offers 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.

Ease of Use
Compare
8.8/10
optionsXpress
OptionsHouse
TradeKing
Scottrade
Fidelity
E*TRADE Financial
Charles Schwab
TD Ameritrade
ShareBuilder
Firstrade
10
9.4
8.8
8.8
10
9.4
9.8
8.1
8.8
8.8

TradeKing offers virtual tours and video demos that guide you through the website and teach you to use the basic features and tools. We find the website easy to navigate with labeled tabs across the top of the page.

Trading and Investment Tools
Compare
8.8/10
optionsXpress
OptionsHouse
TradeKing
Scottrade
Fidelity
E*TRADE Financial
Charles Schwab
TD Ameritrade
ShareBuilder
Firstrade
10
10
8.8
7.5
10
8.8
8.8
7.5
8.8
10

TradeKing’s trading platform provides many practical tools to help you plan and execute investing strategies. There are two types of interactive charts. One lets you zoom in and out of long-term and short-term views, draw the trend lines and compare indices. You can save any work that you do in the chart. Another interactive chart helps you to understand volatility by graphing implied vs historical volatility for a stock or index. There are a few calculators for options pricing, probability, and profit and loss. An options and strategy scanner helps you to uncover option opportunities that fit your criteria. Another screener finds stocks that conform to your strategy. There is also a tool that helps you to track your tax obligations and the ramifications of how various trades are going to influence your tax bills. There is a full suite of technical analysis tools that include chart pattern recognition and price forecasting.

This broker also offers streaming news, so you’ll have access to important information as soon as it hits the wire. This is one of the few sites that offers podcasts. You can download an audio seminar and listen to it on your portable player. The learning materials cover basic to advanced aspects of stock trading. You can place or cancel orders on the web, by phone and via TradeKing Mobile.

Customer Service
Compare
10/10
optionsXpress
OptionsHouse
TradeKing
Scottrade
Fidelity
E*TRADE Financial
Charles Schwab
TD Ameritrade
ShareBuilder
Firstrade
10
10
10
10
10
8.8
8.8
10
8.8
8.8

In the user forums you can discuss trading information, ask questions and give advice to other investors. If you have further questions, you can contact TradeKing by phone, email or live chat. Telephone and live chat hours are Monday to Friday from 8am to 6pm Eastern Standard Time. The staff is friendly and helpful.

TradeKing Summary:
9.2/10

TradeKing represents a good value among online stock brokers. The pricing structure is not too complicated. The research information and analytical tools are useful. And the customer service is good. The commission schedule is non-tiered so rates are the same without regard to account balance and trade activity. If you let your account lie fallow for a year without a trade and the value of your accounts is less than $2,500, you will need to pay $50 to maintain the account.

TradeKing offers basic investment vehicles as well as some fixed income investments. TradeKing provides useful educational tools so you can learn your way around the TradeKing site. It also equips you with strong trading and investment tools so you can analyze carefully and then execute with precision.

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TradeKing

Pros
$4.95 for all types of trades. $20 broker assisted trades. No account or trade minimums.

Cons
Support is not 24/7.

The Verdict
: 9.23/10

TradeKing is a strong online stock trading broker because of prices, tools and service.