TradeKing – Everything You Need to Know!

TradeKing is one of those firms that makes the online brokerage business better. It’s simple – they provide a great service at a more-than-fair price. That makes the competition try harder, which is always a good thing for consumers. In fact, if I wasn’t so hooked on thinkorswim, TradeKing would be at the top of my list of firms to do business with.

First things first, TradeKing starts out their relationships right by offering up to $150 in compensation to cover account transfer fees when you leave your current broker. That way, you don’t get banged out for some unreasonable fee when you make the switch.

TradeKing is also near the bottom when it comes to commissions. Stock trades are a mere $4.95, while options commissions are at a dirt-cheap $4.95 + 65 cents per contract commission rate. That’s better than optionsXpress, thinkorswim, E*TRADE, and most other firms.

TradeKing also offers all the features most stock and option traders could need or want – screeners, independent research, scanning tools, a tax manager, and technical analysis applications. Most people don’t need or want a lot of bells and whistles but it’s good to know that they’re around if you need them.

While I don’t have personal experience in using TradeKing, I’ve heard nothing but positive things about the company from both friends and readers of this website.

And you don’t have to take my word for it – TradeKing was rated #1 by SmartMoney magazine in 2006 and 2007, and has received a four-star rating from Barron’s in each of the past three years. In 2008, Kiplinger rated TradeKing #1 for customer service.  And in September of 2009, TopConsumerReviews.com gave TradeKing a five-star marking, beating out everyone from Fidelity to Schwab to TD Ameritrade.

TradeKing is a great bet for most investors, and I have zero qualms about wholeheartedly recommending them.

Visit today for more information!