TradeKing Review - Low Cost Discount Broker

When logging onto TradeKing, the first thing you notice is the clean and simple website layout that's easy to navigate. Of course, the biggest draw for investors is $4.95 stock and etf trades, which is well below the industry average for discount brokers. Options trades cost $4.95 plus $0.65 for each options contract. If you invest in mutual funds, you only pay a 3% fee. Overall, TradeKing's commissions and fees are the #1 reason to open an account with TradeKing. Next, we'll investigate more customer aspects.

The customer aspect of the site is very easily found, and they offer an F&Q section, live chat and phone service between the hours of 8am and 6 pm EST time, and also an email service which they strive to respond to within 24 hours.

A wealth of information can be found under the quotes and research tab, as well as trading tools including calculators, scanners and screeners Other services offered on the site include a learning center, forums, blogs - including the CEO´s and Options guy´s content, along with charts and reports, making this a great place for the beginner through to the expert.

TradeKing offers powerful security features including SSL security, firewalls, user/password combination locks, and even locks out intruders if they fail 3-4 login attempts. Your secure information is 100% safe with TradeKing.

I can tell you the three things that TradeKing has going for it, based on the conversations that I have had with some of their clients:

1. Competitive commission structure.

2. Strong customer service.

3. Abundance of useful tools that are available (for free) to TradeKing customers.

TradeKing is a good option if you wish to open or transfer your assets to a good broker


TradeKing Pros:

* $4.95 stock trades
* Fast, efficient customer service
* Simple to Use Trading Platform
* Easy to Use Stock and Options tools


TradeKing Cons:

* Lack of full service brokerage options
* Offers no forex or commodity trading accounts
* Website speed is often slower than normal during trading hours due to high traffic

Overall, TradeKing is a cost effective online discount broker for smart investors who prefer keeping trading costs at a minimum.

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