TopTenREVIEWS

TopTenREVIEWS - Silver Award - Awarded for excellence in design, useability and feature set

TradeKing charges a flat–rate, discounted commission for a first–rate online brokerage experience and is our #2 pick 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.

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
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Fees/Commissions:   Excellent

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.

Investments Offered:   Excellent

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.

Ease of Use:   Excellent

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

Trading/Investment Tools:   Excellent

TradeKing’s trading platform provides many practical tools to help you plan and carry out your investing strategies. Some of these tools include calculators, alerts, charts and graphs. This broker also offers streaming news, so you’ll have access to important information as soon as it hits the wire.

This online service is full of educational materials including mp3s, videos, written articles and more. 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 everything from basic to advanced aspects of stock trading.

You can make or cancel orders on the web or by phone. Unfortunately, this broker doesn’t offer wireless trading.

Support/Customer Service:   Excellent

One of our favorite features is the user forums where 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. Their staff is friendly and helpful.

Summary:  

Look for great things from TradeKing in the future. This is one of the top online brokers with high–quality tools and educational materials and low commissions and fees. We find it impressive that the service has only been around since December of 2005 and is already a power player in the investment industry.

 
TopTenREVIEWS
Online Stock Trading Review

TradeKing

Website: TRADEKING
Excellent
Overall Rating
Excellent
Fees/Commissions
Very Good
Investments Offered
Excellent
Ease of Use
Excellent
Trading/Investment Tools
Excellent
Support/Customer Service
Lowest Price:
$4.95
WEBSITE
#2 of 16 Online Stock Trading Products
Learn more...
Editor Review  |  User Reviews  |  User Comments  |  Specifications
Lowest Price:
$4.95
WEBSITE

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