TradeKing Review, Online Discount Stocks and Options Broker

is an online stock and options broker that offers discounted fees for trading stocks online at $4.95 per trade. TradeKing was rated the best discount broker by SmartMoney for 2006 and 2007. Along with low commissions, TradeKing offers free options education, options strategies, options tools, and financial blogs, and a financial community where traders and investors can share stock and options ideas.

Stock Trading

At TradeKing, you’ll pay just $4.95 per stock trade — even for broker-assisted trades. Regardless of how large or small your account, or how frequent you trade, you will be charged the same price, with no hidden fees. Their platform provides a simple way to trade online, including complex option and stock trading strategies, with just a few clicks of your mouse.

Mutual Fund Trading

TradeKing gives you access to over 8,000 load and no-load mutual funds mutual funds from about 235 fund families, including well-known names such as Fidelity, T.R. Price, and Vanguard. TradeKing also offers free automatic dividend reinvestment, with the ability to purchase fractional shares. For no-load funds, the trade commission is $14.95 per trade. For load funds, there’s no commission except for what the fund charges as load.

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User Rating

1 Star2 Stars3 Stars4 Stars5 Stars (3.75 out of 5, 8 votes)
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2 User Reviews

  1. gravatar
    Sanjeev Bhadresa
    March 14, 2009, 18:15

    Forget Tradeking if this applies to you!

    Foreign citizens with a US Tax ID number and legally living in the USA may open a TradeKing account with the exception of citizens from the following countries: Australia, Austria, Belarus, Canada, Cote d’Ivoire (Ivory Coast), Cuba, France, Germany, Hong Kong, Italy, Iran, Iraq, Japan, Liberia, Libya, Malaysia, Myanmar (Burma), Netherlands, Nigeria, North Korea, Saudi Arabia, Singapore, Taiwan, Sudan, Syria, United Kingdom, Zimbabwe.

  2. gravatar
    Anbuinfosys
    August 9, 2009, 10:50

    I use TradeKing and am very satisfied. TradeKing is the online stock trading site to checkout for low cost trading.Trading option spreads in an IRA account may be possible if it fits in with the investment strategy.This was a broker I was looking at while moving out of sharebuilder.

    What killed them was the fees on no load mutual funds sorry but no load means just that NO CHARGES to buy/sell them. After that they seem ok.

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