Overview

TradeKing is the top online discount brokerage firm which was started in 2005 and has offices in Fort Lauderdale, Florida and subsidiary offices in Charlotte, North Caroline. The company provides online trading tools for all the self directed investors to come ahead and buy and sell stocks, bonds, options and mutual funds via systematic electronic trading platforms or by phone.

The best thing which all the investors like about TradeKing is that the whole signup process and different trading tools which the company provide is easy to use and makes trading safer. However the funding process can take up to minimum of seven days which is not a big issue.


TradeKing Commissions and Fees

TradeKing charge a small amount of $50 in case any investors do not meet the two major requirements which are as follows:

  • In case the combined account value of household accounts is less than $2,500.
  • Another is when no commission charged trades have been executed in the account during last 12 months.

Therefore if you are not an active trader than it is suggested that to keep yourself safe from unwanted charges you must invest minimum of $2,500. As with greater risks returns are going to be doubled. Commission charged by TradeKing is as follows:

Stock Trades Option Base Options Contract Minimum Deposit Mutual Funds
$4.95 $4.95 $0.65 $0 $9.95

TradeKing Security

TradeKing does not offer much of secure login sessions which other online brokerage firms such as E*Trade and Charles Schwab offers. Though their online login process (via Web Browser) is somewhat security conscious but if it not much flexible to use. Every time you login into your account by visiting the site, you need to make use of mouse and click on screen keyboard simultaneously to enter your password.

However this process is more effective as it prevents hackers from gathering your important information but at the same time it is time consuming and sometimes gives rise to errors. Though TradeKing has managed to tighten their security flaws but the best type of security is RSA based key fob which E*Trade offer these days.

TradeKing Mobile Trading

TradeKing basically offers two smartphone apps which include Iphone and Blackberry. The company lacks in terms of technology is concerned. When we talk about other trading companies which are focusing more on upgrading their trading apps, TradeKing is providing limited features to mobile users and this is the major reason why they are lacking active traders. The company does offer a simpler mobile version of their website which allows users to do basic trading easily.



TradeKing Important Trading Tools

For all the active traders and long term investors TradeKing offers a wide range of tools so as to make trading easy. Some of the major tools are listed below:

  • Probability Calculator
  • Option Pricing Calculator
  • Profit + Loss Calculator
  • Stock, ETF + Mutual Fund Screeners
  • Option and Strategy Scanners
  • Technical Analysis
  • Maxit Tax Manager
  • TradeKing LIVE

TradeKing LIVE is a new streaming (web 2.0) platform which is recently introduced by TradeKing. TradeKing LIVE allows you to stay on top with the latest market changes and your investments. To make use of it there is no need to download any software and install it on your pc, it is completely browser based. TradeKing LIVE supports Google Chrome, Apple Safari and Firefox 4+ Browsers but unfortunately lacks support for Internet Explorer users.

Apart from this unlike other Trading companies TradeKing do not offer features like research reports and access to Morningstar analysis. However you enjoy such features through premium membership.

TradeKing Option Trading

If you are an option trader than TradeKing is the best platform for you to start option trading. From almost 5 years TradeKing is known as the best company for option Traders. The company has some of the lowest options pricing available for option traders and also allow them to save more on their investments as compared to other brokers. Some of the advanced option strategy which TradeKing supports is as follows:

  • Covered Call
  • Basis (Put/Call)
  • Protective Put
  • Straddle
  • Spread
  • Combo
  • Condor
  • Butterfly
  • Double Diagonal
  • 4 Legs Free From

To make use of any of the service all you need is to signup now at TradeKing.com

TradeKing Social Network Investing – Trader Network

The major aspect which makes TradeKing different from other online stock brokerage company is their social network which is “Trader Network”. TradeKing has more than 200,000 members in their wide network and this helps the company to gain new invertors for their business. Through trader network different investors get opportunities to connect with another investor, share experiences, strategies and ideas. With this one can know how others are trading and how they are performing. Trader Network also allows you to see where other is investing, what the insights are and what other investors can offer. For this all you need is to click on my trades’ option in TradeKing’s Network.


Additional Information

  • Company Type = Private
  • Industry Type = Financial Services
  • Founded In = December 2005
  • Headquarters = Fort Lauderdale Florida, U.S
  • Owners Info = Donato A. Montanaro (CEO), Richard J. Hagen (Jr. President & COO), Thomas A. Desmond (Chief Financial Officer).
  • Products Dealing In = Stocks, ETFs, options, bonds, forex, mutual funds, financial advising services, IRA accounts, online brokerage, investment services.