TradeKing
- Name: TradeKing
- Website: http://www.tradeking.com/
- Phone: 877-495-5464
- Email: service@tradeking.com
Rating
(122 votes, average: 2.89 out of 5)
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Commissions
- Stocks: $4.95 per trade, market or limit
- Read more: Stocks – Commissions at TradeKing.com
- Options: $4.95 per trade plus $0.65 per contract.
- Read more: Options -Commissions at TradeKing
Rates & Fees
- Read more: TradeKing Margin Rates
Minimum Initial Deposit
- No minimum initial deposit
Special Offers at TradeKing
- None yet!
TradeKing.com is a great broker with low commission and margin rates. ($4.95 per trade for stocks, add $0.65 per contract for options). The website is intended mostly for options traders, but works well for trading stocks too. They have awsome options tools which help you trade one step above the rest. TradeKing has stellar execution. The website has some useability issues, but is pretty good overall. I wish they had faster servers/bandwith. This site is not for the novice, and I recommend it to anyone who trades options and stocks on a regular basis. One thing I like are the different type of options order screens they have. Each strategy has its own order page. If you don’t trade options you might not like this site. Lastly, TradeKing has an active blogging community and you can learn a lot from these guys/gals.
Pros:
Cheap Trades
Great Tools
Great Execution
Intelligent Members-Only Trading Community
Cons:
No Streaming Quotes
Sluggish Web Interface
I was interested in trading on line to open DRIPs. I had read that Trade King was a good stock trading site to get started. In researching, I found that the price of trades was excellent and that there is n minimum. How ever in reading your site I wonder since I do not want options is this a worthy site for me? Any sugestions? Thanks!
I have an acct. with you and would like to start trading but have no user name or password please help Thanks.Roy
Trade King has its flaws but overall is acceptable for the rates charged. The biggest problem with it is that it doesn’t show you your positions until they update every night. They show up at zero until then even though you can trade them. Each time I needed something, they were quick to answer and accommodate. Broker assisted trades don’t cost extra which is nice.
I want to trade today6/6/07 and i can not get on to trade please help—- desperate—roy
I still do not have my user name and password,What gives?
i am with tradeking now. i like them coz their margin rates are lower than most for low balances. they definitely have some technology issues, though. my buying power changes a lot, like in thousnds, even when my etfs are flat. also it took 20 minutes to execute a market order, and that was after i contacted them. they didnt offer any explantion why, but the etf price didnt move, so i didnt mind. but i just hate to have to keep a close eye on everything. the other good thing is that minimum maintenance requirement for margin is only 30%, rather than 35% which most other brokers have.
I am a happy TradeKing customer. The customer service is good and the site is easy to use. I buy LEAPs and the spreads can widen a lot which means that sometimes when I look at my account I’m down thousands of dollars because they valued my holdings based upon some wild price swing on a low liquidity option that I own a lot of. I don’t know if that’s happens with every options account, but it doesn’t bother me now that I know what’s going on.
-Tristan Yates, IndexRoll
I have a TradeKing account, and was generally satisfied until today.
I put out a limit order for 11.77 a few days ago. The stock opened dramatically lower today, trading at 11.34 for some time. However, the limit order did not execute. I then decided to lower my limit to 11.50. Another minute or so goes by (I wish I was making that up), and TradeKing finally updates to BOT at 11.50.
It was like watching cold molasses run down a hill. I was not impressed with the speed of execution, and I was not impressed that I was filled at exactly my limit, when the stock was trading lower.
I have a Scottrade account also, and for a couple more bucks a trade, they have given me superior execution speed and fill prices. They just need a MM Sweep and ACH out, and they would be much better than TradeKing.
I like Trade King because it is a user friendly site and excellent for options traders. Personally I think it was designed for options and nothing else it’s just that they won’t tell u..Overall GREATEST OPTIONS BROKER.
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.
Hi
I just opened an account with Trade King. I have never bought and traded before and my education is in science. Can anyone please advise me on the key things to keep in mind when buying and trading stocks? What online websites are most helpful in giving good insight on the next booming stocks?
For the second time in two days their website has had tech issues. I was unable to login and missed out on trades. This is very unacceptable.
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