TradeKing Review - Is it the King of Discount Brokers?
This is a complete TradeKing Review including features, accounts, and company history.
TradeKing Broke Onto the Discount Broker scene in Late 2005 with something rave reviews and something that had never been seen before by a reliable company - Sub $5 Trades! Since then, there have been other discount brokers that have entered the stock trading business at lower price points, but are they a better value than TradeKing? That's what we aim to find out with a comprehensive analysis of Tradeking's online discount brokerage services.
TradeKing Broke Onto the Discount Broker scene in Late 2005 with something rave reviews and something that had never been seen before by a reliable company - Sub $5 Trades! Since then, there have been other discount brokers that have entered the stock trading business at lower price points, but are they a better value than TradeKing? That's what we aim to find out with a comprehensive analysis of Tradeking's online discount brokerage services.
TradeKing Review: The Basics of TradeKing
The Top Selling Points of TradeKing
- $4.95 Trades
- 65 cents for option contracts
- Profit/Loss Calculator
- Option Probability Calculator
- Strong Trader Community with Blogging
- Accounts protected up to $25 Million through Lloyd's of London
TradeKing Review: Types of Brokerage Accounts Offered
A list of the Types of Accounts TradeKing Offers
* Individual, Joint, Custodial | Can Be Opened Online
* Transfer on Death Account
* Trust Account
* Corporate Account
* Investment Club Account
* Partnership Account
* LLC Account
* Sole Proprietorship Account
* Traditional, Roth, Rollover IRAs | Can Be Opened Online
* SEP Account
* Coverdell Account
* SIMPLE IRA Account
* Transfer on Death Account
* Trust Account
* Corporate Account
* Investment Club Account
* Partnership Account
* LLC Account
* Sole Proprietorship Account
* Traditional, Roth, Rollover IRAs | Can Be Opened Online
* SEP Account
* Coverdell Account
* SIMPLE IRA Account
New Tradeking Feature! Fixed Return Options
Read the whole Tradeking Fixed Return Options Review here
Tradeking recently announced the launch of a new type of option that can be traded: Fixed Return Options. Here is a full review of the newest type of option trading to hit the market..
TradeKing Refer a Friend Bonus Review
Refer a Friend to Tradeking and make $50
Starting in 2009 Tradeking has really stepped up their Refer-a-Friend program, offering $50 for every friend you have that opens a brokerage account with Tradeking as well.
Make sure and check out the Tradeking Refer a Friend Rules and Terms for a full review of the details.
Tradeking Tool Review: Options Strategy Scanner
Use Tradeking to find unique options strategies
Tradeking has a unique Options search tool that allows you to review advanced as well as basic options strategies for a huge array of options trading techniques.
From straddles to strangles to covered calls as well as basic puts and calls, the Options Strategy Scanner will review the best options for your next options trade using the criteria you choose. Pretty Cool!
From straddles to strangles to covered calls as well as basic puts and calls, the Options Strategy Scanner will review the best options for your next options trade using the criteria you choose. Pretty Cool!
Recent TradeKing Blog Posts
Stock and options trading strategies
Tradeking has been very busy building up an active community of stock traders that often offer their take on the latest market action. These are the lastest blog posts from the TradeKing investor community.
Fetching RSS feed... please stand byReview your Knowledge base before Trading
Books about Day Trading Online
In order to make full uses of many of TradeKing's features, it's often a good idea to review your investment plan. Starting with the basics is always a good idea when investing and TradeKing's platform provides a lot of opportunities for the average investor to review their portfolio and act on it with as much information as possible.
TradeKing Review: Breaking Down the Profit/Loss Calculator
Find your Break-even points instantly!
TradeKing members also enjoy use of an advanced and custom built profit and loss calculator that includes:
Screenshot courtesy of : www.TradeKing.com
- Line graph Format
- Adjustable Volitility
- Adjustable Timeline
- Uses the Binomial Pricing Model
- Strategic view showing Break-even Points and Greeks
Screenshot courtesy of : www.TradeKing.com
Recent TradeKing Reviews
- TradeKing to Declare Final Winners of $100000 API Campus Challenge in Special ...
- For more information, please review the Characteristics and Risks of Standard Options brochure before you begin trading options. Options investors may lose the entire amount of their investment in a relatively short period of time. TradeKing provides ...
- Online Broker TradeKing Shares Schedule for Free February Webinars
- For more information, please review the Characteristics and Risks of Standard Options brochure before you begin trading options. Options investors may lose the entire amount of their investment in a relatively short period of time. TradeKing provides ...
Industry Awards for TradeKing
Professional Reviews of TradeKing
- Trade King Review by Smart Money Ranked Tradeking #1 Discount Broker in Customer Service for 2008
- Recent Trade King Review by Smart Money Ranks Tradeking #1 Discount Broker of 2007
- Ranked #1 by Smart Money in August 2006 Discount Broker Review
- Ranked 4 stars (Highest Rating) By Barrons in March of 2007
TradeKing Review: Option Chains
Tradeking Option Chain Feature Review
TradeKing offers a unique Option Chain Trading Interface that includes:
Screenshot courtesy of : www.TradeKing.com
- 19 different Chain Views (14 are strategy based)
- Bid, Ask, and Deltas for each view
- Black Scholes or Binomial Modeling
- Price forecasting for the entire Chain
Screenshot courtesy of : www.TradeKing.com
TradeKing: The Future of All Stock Trading?
Video Reviews and Analysis of TradeKing
automatically generated by YouTube
TradeKing Review: Broker Summary
The Conclusion of my TradeKing Review
In Conclusion, TradeKing appears to be the premiere source for low cost options trading, and has the tools to back it up. It's $5 trades are nothing to scoff at either. However, on a pure cost basis, other online discounters have brought the price wars lower with several in the $3 and a few offering free commissions (BofA and Zecco most notably) On an all around basis though, Trade King consistently scores high both with users and reviewers.
Reader Reviews of TradeKing
How has your experience with TradeKing been?
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jackiebolen
Dec 9, 2010 @ 6:30 pm | delete
- Thanks for all your good information. I'm trying to find a new discount broker.
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Kachingos
Nov 24, 2010 @ 6:07 pm | delete
- I like how you showed an example of the profit/loss calculator. Bells and whistles like this are the difference between bare-bones discount brokerages and the kind of trading platforms built for serious traders. I have heard some concerns over customer service, but the commission structure at TradeKing is the lowest cost option I've seen, Happy Trading!
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David
Jul 26, 2010 @ 3:34 pm | delete
- I just signed up for Tradeking after finding out about there $4.95 flat fee. Biggest mistake of my life. They have the price to attract the customer, but customer service was terrible. I had wired funds and was successful at my bank end, but to find out about their unusual document limitations they had rejected the transfer because I had a joint account. They stated that I cannot use 3rd party to deposit funds. Clearly, I was the account holder showing my name and my partner's name on the bank statement they had requested from me, but they insisted that I was the 3rd party. They had redefined the definition of 3rd party according to "their 3rd party policy". They had wired back the money and deducted the fee from their side. Although it was a small amount of $25 that they had robbed from me, I had spent almost 6 hours going back and forth sending documents and conversation to find out I was robbed at the end. It was just a waste of time. I am definitely not going to recommend them for that matter!
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PreferredTransfers
Jun 11, 2010 @ 7:45 pm | delete
- I have been researching discount trading and this is the first place with good, resourceful information! Thanks for the great lens!
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Confidenttrader
May 24, 2009 @ 4:34 am | delete
- I have looked at Tradeking, but honestly prefer ThinkorSwim, which has slightly higher commissions but a fantastic suite of services. Thanks for the great review.
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