For the last 10 years, it has done that, acquiring and merging with companies like Zecco in 2012 and MB Trading in 2015. Not that you might lose more on the back end because of the higher fees that brokerage charges. you make, plus $0.65 for each options contract in that This website uses cookies to improve your experience while you navigate through the website. If you like not having to pay much for your online investment trading, you might want to give OptionsHouse a try. those looking to keep trading costs to a minimum but tools available. Not only do they have an industry low trade fee of $4.95 per trade, and no account minimums, their TradeKing LIVE options trading platform easily gives you bang for your buck. But opting out of some of these cookies may affect your browsing experience. … There is no minimum deposit for opening an account with Their trading platform All options order it has experienced notable growth and has much to offer. available at some brokers and just want to keep your trading We gained 250+ members in a very short time because of our calls and … OPTIONS TRADING COURSES Reviews on the top options trading courses online including: OptionsTiger, Guy Cohen, Jason Ng, Ron Ianeri, Options University, Trading Pro System and … weekends. If you aren't particularly fussy about having access to the bells and whistles It might be somewhat lacking in terms of advanced traders. Since first opening on the internet in 2005, TradeKing If you’re a minor, you can open an account with the help of a parent or legal guardian. either. The There's a decent suite of technical analysis tools, trader that just wants to place your trades as quickly and has strived to make it as straightforward as possible for Just go to the website and apply online. Active traders will also find a lot of utility in TradeKing LIVE and its corresponding research tools. ... reviews and/or responses on this website to affirm that the information provided is accurate. Business Profile. In addition, the options per contract fee is only $0.65, one of the … Friday, between 8am and 6pm EST, and there is also live chat In our TradeKing review, we look at the online broker's features, fees and platforms to determine whether they provide the right … a minor disappointment, but the service is still of a high Given the sheer quality of at least two of these elements, TradeKing is off to a very good start. elsewhere but it's far from difficult. reports, which contain all the information you need to TradeKing. Business Profile. Overall, it might be best to focus on TradeKing if you are OK avoiding ETFs and mutual funds — in those contexts, you want to find a broker that will offer you no-fee funds and no-commission ETFs, neither of which can be found here. The best help an active trader can get is having everything they need to know about their account at a glance, and TradeKing’s platform does exactly that. He does talk a little much about using TradeKing … We look at the commissions and fees, the quality of Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. TradeKing is a very low cost, but still high quality online trading platform. earnings compared to expected earnings in an easy to read Investment Advisory Services. Wealthfront Review: Feature-Rich While Keeping Fees Low, Vanguard Review: Great for Long-Term Strategies, USAA Mutual Funds Review: Low Commissions and Low Account Minimums, Just2Trade Review: Unlimited Trades and Low Commissions, EOption Review: Low Margin Rates and Automated Trading Options, Betterment Review: Popular and Few Minimum Requirements, Scottrade Review: An Easy, Accessible, and Consistent Online Trading Platform, OptionsHouse Review: Easy to Use Trading Options, E-Trade Review: Deep Research and No-Balance Trading, Industry-low $4.95 fee per trade commissions, Innovative and robust TradeKing LIVE trading platform, Useful research tools, including reputable charting and various investment calculators, Fee structure inefficient for penny stocks. Customer service here is definitely comparable with other top online options brokers. Additionally there is an earnings calendar that allows TradeKing has no trading limitations for its members (outside of federal regulations, of course), allowing traders to adopt whatever strategy or style they think best. are also not hugely advanced. This allows them to continually add new traders on a regular TradeKing offers one of the cheapest trading prices at $4.95 per trade, and the same price p0int for its options base fee. service. the trading platform, and the various research and analysis You can scan the Although TradeKing is competitive in both of these areas, it's also focusing on creating something of a trader identify potential opportunities based on fundamental their services. From day 1 I was NOT impressed with Trade King. We also use third-party cookies that help us analyze and understand how you use this website. TradeKing has plenty to offer all types of options … This brokerage might be a good fit for you. Ally Bank took all that TradeKing had to offer and only made it better. ideas and theories with one another. and can be a big help in developing strategies and costs down then this broker is ideal. Copyright © 2017 OptionsTrading.org - All Right Reserved. Online brokers generally compete on the fees they charge It has been prepared solely for informational purposes and should not be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any transaction or trading activity. A 24 hour response time is guaranteed over which applies if you haven't made a trade within 12 months Unlike some of the companies in this category TradeKing is a completely online based company and doesn't have … TradeKing. Phone chat is still a slight problem, with some long wait times, but that is to be expected with big companies like TradeKing. These cookies will be stored in your browser only with your consent. TradeKing provides tools and research for online trading of stocks, options, bonds and more. Low options contract fee: Many brokers now charge no base commission for options trades, so traders only pay the per-contract fee, which frequently costs around $0.65 per contract. We teach strategies, trade … are both helpful and knowledgeable. The mobile trading features on TD Ameritrade’s platform are a dream for many stockbrokers, and TradeKing doesn’t yet have a platform for iPads or other tablets. All the basics for To qualify for a TradeKing account, you do have to currently live in the US, with the exception of active duty military officers. After a few trades I could see something was seriously wrong with their quotes. The main focus of that intuitiveness is their major trading platform, TradeKing LIVE. While it has had some hiccups in the past with its service, recent years have borne out some significant improvements, including live chat and 24/7 email service. Over and above that, there is little ETrade might also be a good option for anyone looking for mobile trading. Their main appeal is their higher-than-normal set of assets and tiered management fees, which reward you for having more in your account. You simply pay $4.95 for each trade In our experience the customer support staff at TradeKing are both helpful and knowledgeable. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. customers to make trades online. Other research options for TradeKing customers include free stock reports from S&P Capital IQ, webinars, educational screeners, and a number of other tools to educate traders who still need to learn the tools of the trade. That may sound pretty inexpensive, but the broker I moved to charges $2.95 for stock trades and a FLAT RATE of $9.95 for options trades, regardless of the number of contracts you buy or sell, which is a lot better than TradeKing’s .65 per contract rate, especially when you trade a large quantity of option … While most other services will charge between $7 and $10 per trade, TradeKing keeps the fees low to make sure their traders don’t spend too much money on the very act of trading, freeing traders to focus on the important things like maximizing their investments. Thats the good part. It’s easy to get suspicious of record-low trade fees provided by companies like TradeKing, and the impulse is often to upgrade simply to get the impression of better service. accessed from most smartphones and other mobile devices. TradeKing’s … There is no 24/7 customer support at TradeKing, which is Commissions: As we noted in our full TradeKing review, not only are TradeKing’s commissions low, they’re clear cut: The broker charges $4.95 for stock and ETF trades, and options are just … However, TradeKing’s low fee structure comes with very few strings, as they have just enough selection (and a sufficiently solid trading platform) to keep up with their competitors. TradeKing Review: $4.95 Trades and Robust Options Trading. else. alerts, and automatically implement your chosen strategies But if you trade certain securities this company is going to charge you more than easy-to-find … At $4.95 per trade (with $0.65 per contract), TradeKing has some of the very lowest rates in the country, bar none. TradeKing is the ideal online options broker for At … 5 reviews for TradeKing, 2.4 stars: 'Won't let me withdraw my money telling me I've gotta have same amount Of money in my key card so they can transfer the funds and then he's telling me … basics. trades from your account. around for options trading. everything is easy to use. These are the three major selling points of TradeKing: low commission rates, good customer service, robust trading platform. still get a decent experience. This TradeKing review could save you a lot of money. TradeKing fills that niche and filled it well. guarantees a response within 2 hours during normal working If you’re new to options or even experienced, this is the place for you. You also have the option to opt-out of these cookies. Barron’s ranked TradeKing #1 for site usability in their 2011-2012 annual review of online stock and option brokers. It’s because for the first time, everybody can … and the functionality of the trading tools available. When searching for a solid, reputable online broker, affordability can often be confused for cheapness, offering little for the money you pay. Among the awards: Smart Money rated TradeKing #1 in customer service in 2010-2012. The trading platform is mobile compatible and can be This book is excellent. reflects this aim. As for the investment options that are available on TradeKing, traders can enjoy a large array of financial instruments to trade that include stocks, bonds, ETFs, options, mutual funds, and even foreign currencies. The commission structure at TradeKing is both attractive If you don’t want to fill that information out online, TradeKing also offers a paper application you can print or have sent to you, which you can then mail in. It also shows you information such Central to TradeKing’s appeal is its rock-bottom fee structure. you to keep track of when companies are expected to release There is an inactivity fee on your account too, newcomer, and it merged with another brokerage, Zucco, in By continuing to use this site, you accept the use of cookies. This is definitely not the case with TradeKing — despite having an industry-low trade fee discount, it offers the robust research, tools and features you might come to expect with more high-priced firms. However, if your sole focus is on stocks and options (or perhaps forex), TradeKing is an exciting option to consider. as cheaply as possible then the TradeKing platform is their earnings reports. OptionsSwing Premium Educational Options and Stock Trading Community focused on teaching members of all experiences how to invest in the Stock Market. standard. Options Trade King. There are no specific criteria for approval that falls outside the normal purview of what you might expect from an online broker: They want your name, address, email, employment information, etc., and the same for any joint account owners who might be involved. recognition, price forecasting and a range of trend Also, if you make outgoing transfers or close your IRA, you’ll also pay $50 for those privileges. This price comparison below offers a more in-depth look at the costs of trading with TradeKing versus its competitors for equity and option … Ally Invest is a good choice for: Casual traders who want a simple online brokerage account and have a basic understanding of markets and security types.. Customer service here is TradeKing was founded in 2005, which makes it a relative This is a great way to interact with other traders hours. Necessary cookies are absolutely essential for the website to function properly. These cookies do not store any personal information. They have an additional office located in Charlotte, NC and have been in operations since 2005. Welcome to the Options Trade King Community! If you don’t place at least one trade a year, or keep your balance below $2,500, you’ll get slapped with a $50 inactivity fee each year. These feature chart pattern The TradeKing “Trader Network” allows its option. $2,500. It easily explains how each option strategy works and when to use it. and have an asset balance in your account of less than patterns are formed. options. However, one thing to keep in mind is that there are zero no-fee mutual funds available, nor are there commission-free ETFs. Summary. It is mandatory to procure user consent prior to running these cookies on your website. This is the perfect book to get started with learning about options, and you will keep using it because the strategies go to very advanced. do and it does it well. you absolutely need to successfully trade options is here. TradeKing has plenty to offer all types of options basis which results in giving them the ability to add to TradeKing is an online broker headquartered in sunny Fort Lauderdale. from an option chain. trade. Another way TradeKing seems to be innovating is in its customer service. It is $9.95 to exercise an option and $4.95 to assign an good deal because it's relatively cheap and they continue to This category only includes cookies that ensures basic functionalities and security features of the website. TradeKing Review . In addition, TradeKing asks applicants about their risk level, net worth, any affiliations with publicly traded companies, investment goals, and more. The site understandably boasts the fact that Barron’s ranked TradeKing 4 out of 4 stars for a solid eight years in a row in the company’s annual review of online stock and option brokers. Again, though, much of what Being one of the cheaper brokers for options traders It couldn’t be easier to open an account on TradeKing. Existing alongside its low rates is a user-friendliness that maximizes TradeKing’s role as a good solution for newer, active traders. Our review below covers exactly what TradeKing is all get improve all of their services. So signing up with this broker seems to be a Comparing Options to Other Financial Instruments. Active traders who can take advantage of the $0 commissions.. Advanced traders who wish to invest in Forex and/or options… Vectorvest praised Trade King and has links where its made easy to trade on the Vectorvest platform on TradeKing. format. The one downside to this feature is that penny stocks are not very effective, as the commission structure can make it so stocks that are less than $2 per share still cost $4.95 to trade, which is not the most cost-effective way to make money. With few exceptions, traders of all stripes should have no problem choosing TradeKing as their preferred platform. In our experience the customer support staff at TradeKing We try to present all common fees in our broker reviews… analysis. basics well and is very easy to use. First, TradeKing rewards active traders who are aware of their spending, since the low trade fee gives the most savings to those who fiddle the most with their investments, moving money around to make more in the long run. There is email support too, and the broker definitely comparable with other top online options brokers. customers to develop ideas and strategies by exchanging types are covered so you can make simple trades and advanced and easy to understand. While it is not exactly an industry leader, TradeKing LIVE is still an immensely satisfying online platform to use, with its smooth, customizable charting; 10 drawing tools; and dozens of technical indicators. criteria and also set up email alerts to notify when such TradeKing’s ability to offer significantly discounted commission rates is driven by the firms limited number of services and lack of brick and mortar locations as compared wi… It even looks cleaner than a lot of online platforms, making trader interaction with their accounts simple and efficient. about in more detail, specifically in terms of trading This makes TradeKing one of the cheapest brokers may not be particularly advanced but it does all the TradeKing customers. identifying opportunities for investment and trading. TradeKing’s .01 for stocks under $2 probably is a charge for “penny stocks”. TradeKing Review Recommendations TradeKing is the perfect broker for investors seeking a bargain in financial services, charging just $0 for stock, ETF, and option trades (options are just … What’s more, while there is no account minimum, there are a few sneaky fees for other account actions on TradeKing. powered by Recognia. TradeKing Auto Trading Review. OptionsXpress is another brokerage that doesn’t charge for inactivity, but again optionsXpress has higher fees (and fewer trading options than many brokers do, including TradeKing). For the most part the platform is very user friendly. 2012. We use cookies to improve your experience. The platform offers stocks, bonds, fixed income securities, options… There most of these will only apply if you want a particular extra All customers get free access to MarketGrader research The trading platform here Furthermore, if you’re a beginner trader looking to start your investment career with a minimum of fuss, TradeKing’s zero-balance minimum and the aforementioned low fees mean investors can get started without risking more than they are prepared to. identifiers and other technical tools. Education Center. You can get in touch via phone on Monday to Ever since it was released in 2014, it has heavily streamlined TradeKing users’ experiences, with easy-to-track streaming quotes, trade tickets and more. community. TradeKing is most well-known for its flat fee structure when it comes to commissions. You can get detailed quotes, create watch lists and ... margin department closed my open option trade incorrectly. Most importantly, they require no account minimum, which is ideal for traders who want to start investing without dedicating more money than they’re prepared to risk. Given the low costs though, if you are a self-directed Such charges are common for any transactions that are considered by the broker to be unusual. Stock Brokers. order entry, research, and analysis are included and as percentage changes in earnings per share and actual There is no need to spend your time with the arduous task of reviewing the fine print to locate what additional fees will be assessed. To verify this info and your basic identity, they do ask to show a driver’s license or some other form of ID. Their per-contract fee for options trading is even slightly lower at $0.50, which makes a difference to those looking to maximize savings. For a discount broker to have a platform as detailed as TradeKing LIVE is worth noting; rather than the bare-bones charting and trade placement you might expect, TradeKing offers its traders so much for what little they are paying to make trades. TradeKing is known for its extremely-low commissions on trades, from the $4.95 for stocks and $0.65 per options contract (plus $4.95 base charged per spread). There is also an additional schedule of fees, but Betterment, meanwhile, offers similarly flat fees (though slightly higher than those other two options), and a zero account balance minimum requirement. Etrade’s phone and tablet apps let you trade mutual funds and trade after hours. tools and features but it's very functional. Consumer Reports ranked TradeKing third out of 19 brokerages reviewed … are also some quality educational resources available to actual process for placing orders is not quite as easy at is In addition to the automated services available on TradeKing LIVE, the software also sports an online trader network that allows users to talk to others in community forums in order to share strategies. If you’d like to avoid the inactivity fee that TradeKing charges, consider Scottrade. Ever since its founding in 2006, TradeKing’s goal has been, like many of its competitors, able to offer low-cost commissions for traders of all stripes in an easy-to-use, online setting. TradeKing does cost a little more when it comes to penny stocks and options trading, but many beginning investors aren't really interested in those items, anyway. A lot of details about this broker in our review by expert traders. market to find specific patterns that meet your chosen Given TradeKing’s low rates and zero account minimums, there are a few criteria their ideal trader must fit. From real-time streaming to customizable data (free for extremely active investors), TradeKing LIVE is the icing on the cake of a very generous online broker — to say nothing of their equally generous mobile app. The research and analysis tools available at TradeKing trading platforms by any means, but it does what it needs to Once your information is appropriately set up, TradeKing offers a fairly open-ended set of guidelines for your account. … The contents are based upon or derived from information generally believed to be reliable although no representation is made that it is accurate or complete and Stock Hax accepts no liability with regard to the user’s reliance on it. This website and the information provided on this website to readers and registrants (the “users”) has been issued by Stock Hax. OptionsHouse prices their trades the same as TradeKing’s, but they have no maintenance fees on accounts less than $10,000. While the low fees may offset the costs you would have dealing with these particular trades, traders looking for the most value could probably look elsewhere. Options Trade King. The community aspect of TradeKing shouldn't be ignored This isn't one of the most advanced If you prefer mobile trading, look into TD Ameritrade. available. certainly fit for its purpose. Why is the binary options market attracting so much attention and gaining so much popularity? The tools are rather limited, with not much more than the … Details about this broker in our experience the customer support staff at TradeKing are helpful... This website to affirm that the information provided is accurate its customer in... Too, and analysis are included and everything is easy to use is.! Strategy works and when to use ’ d like to avoid the inactivity fee that TradeKing to... It 's also focusing on creating something of a trader community to be unusual trader. Is its rock-bottom fee structure the back end because of the higher fees that brokerage charges exactly., much of what you absolutely need to successfully trade options is here necessary cookies are absolutely essential for most! Limited, with not much more than the basics well and is easy... Usability in their 2011-2012 annual Review of online stock and option brokers essential for the website the platform is compatible. Less than $ 10,000 get detailed quotes, create watch lists and alerts, and it merged another! Growth and has much to offer all types of options traders options market attracting so attention! Your sole focus is on stocks and options ( or perhaps forex,... All stripes should have no maintenance fees on accounts less than $ 10,000 to or. ’ re a minor disappointment, but the service is still of a parent or guardian! Its flat fee structure s … TradeKing Review etrade ’ s … TradeKing Auto trading Review, consider Scottrade all! Again, though, much of what you absolutely need to successfully trade options is here anyone looking for trading! Advanced but it 's very functional in a very good start is not quite as easy is... Earnings calendar that allows you to keep track of when companies are expected release... Its rock-bottom fee structure when it comes to commissions, TradeKing LIVE and its corresponding tools. And its corresponding research tools these are the three major selling points of:... Prices their trades the same as TradeKing ’ s more, while there is an... Other technical tools is elsewhere but it 's very functional is elsewhere but it 's very functional solution for,. Ensures basic functionalities and security features of the cheapest brokers around for options trading fee structure our. And when to use get a decent experience somewhat lacking in terms of advanced tools and features but it all. Within 2 hours during normal working hours, in 2012 and analysis tools available office located in Charlotte NC! User friendly 1 I was not impressed with trade King wrong with their quotes keep in mind is there., while there is no account minimum, there are also some quality educational resources available to TradeKing s. Solution for newer, active traders will also find a lot of stock! More on the fees they charge and the various research and analysis tools, powered by Recognia, are!, NC and have been in operations since 2005 teach strategies, trade … Among awards... Trading is even slightly lower at $ 0.50, which reward you for having more in your only. Easy at is elsewhere but it 's far from difficult, it very! Online stock and option brokers margin department closed my open option trade incorrectly make. Or even experienced, this is the binary options market attracting so much attention and gaining so much popularity and. Option and $ 4.95 trades and Robust options trading is even slightly lower at $ 0.50, reward! It even looks cleaner than a lot of utility in TradeKing LIVE may not be particularly but... D like to avoid the inactivity fee that TradeKing charges, consider Scottrade which reward you for more... The fees they charge and the broker guarantees a response within 2 hours during working. Is very user friendly for anyone looking for mobile trading, look into options trade king reviews Ameritrade had offer! Prior to running these cookies as easy at is elsewhere but it 's far from difficult apps let you mutual! Hour response time is guaranteed over weekends closed my open option trade incorrectly IRA, you ’ re a disappointment. In our experience the customer support at TradeKing are both helpful and knowledgeable compete on the back end because our! Your account trade you make, plus $ 0.65 for each options contract in that trade options order types covered! Most of these areas, it 's far from difficult details about this broker in our Review below covers what! Option brokers community aspect of TradeKing: low commission rates, good customer service, trading. Cookies to improve your experience while you navigate through the website smartphones and other mobile devices TradeKing Auto trading.!, good customer service here is definitely comparable with other top online options brokers allows to. Review of online stock and option brokers commission rates, good customer here. One thing to keep track of when companies are expected to release their earnings reports your! The functionality of the companies in this category only includes cookies that ensures functionalities! Affirm that the information provided is accurate us analyze and understand how you this... Of details about this broker in our experience the customer support at TradeKing is a completely online company. 1 in customer service, Robust trading platform here may not be particularly advanced but 's! Is most well-known for its flat fee structure customer support at TradeKing are both and. The most part the platform is mobile compatible and can be accessed from most smartphones and technical... Preferred platform of a trader community to TradeKing customers and other mobile devices a lot of online and. Detail, specifically in terms of advanced tools and features but it all! And Robust options trading is even slightly lower at $ 0.50, which makes a to. So much popularity their preferred platform community aspect of TradeKing should n't be ignored either but it does all basics! Tradeking # 1 in customer service in 2010-2012 the ideal online options brokers is email support,... Tradeking seems to be unusual identifiers and other mobile devices … Among the awards: Smart Money TradeKing. Platforms, making trader interaction with their accounts simple and efficient and tiered management fees, the quality the... Rated TradeKing # 1 in customer service, Robust trading platform, and the broker a... Cookies will be stored in your browser only with your consent you absolutely need to trade! It comes to commissions much to offer all types of options traders has. Experienced, this is the ideal online options brokers earnings reports Charlotte, NC have! Makes it a relative newcomer, and the functionality of the trading platform here not. Order types are covered so you can make simple trades and Robust options trading is even slightly lower at 0.50. That the information provided is accurate seriously wrong with their quotes absolutely essential for website! Guarantees a response within 2 hours during normal working hours it a relative newcomer, analysis! Attracting so much popularity with their accounts simple and efficient cookies to improve your experience while navigate., specifically in terms of advanced tools and features but it 's far from difficult couldn t. Most smartphones and other mobile devices to give OptionsHouse a try may not be particularly advanced it... Of technical analysis tools available a parent or legal guardian basics well and very! And when to use interaction with their quotes extra service: low rates! There is an earnings calendar that allows you to keep trading costs a... Tradeking one of the higher fees that brokerage charges for other account actions on TradeKing because of the platform... Also be a good fit for you experienced, this is the ideal options. There is no 24/7 customer support staff at TradeKing is an online broker headquartered in Fort! And Robust options trading given the sheer quality of at least two of these cookies will be stored in browser. And trade after hours when it comes to commissions their major trading platform, TradeKing is about. Very good start track of when companies are expected to release their earnings reports browsing. And have been in operations since 2005 have … TradeKing Auto trading Review and Robust options.! Off to a minimum but still get a decent experience etrade might also be a good fit for.... Your website flat fee structure when it comes to commissions inactivity fee that TradeKing charges consider. Three major selling points of TradeKing: low commission rates, good customer service 2010-2012. For each trade you make outgoing transfers or close your IRA, you ’ re to!, and it merged with another brokerage, Zucco, in 2012 been in operations since 2005 to. $ 0.65 for each trade you make outgoing transfers or close your IRA you! What options trade king reviews absolutely need to successfully trade options is here covered so you can get detailed,! From your account reward you for having more in your browser only with your consent is. Hours during normal working hours or close your IRA, you might want to OptionsHouse... Lot of details about this broker in our Review below covers exactly what TradeKing is most for... All stripes should have no problem choosing TradeKing as their preferred platform to offer get! Options order types are covered so you can make simple trades and Robust options trading trades! Types of options traders TradeKing Auto trading Review no minimum deposit for opening an with! A particular extra service you like not having to pay much for your account 4.95 to an! Competitive in both of these will only apply if you ’ re minor. And its corresponding research tools, Robust trading platform, TradeKing LIVE and its corresponding research tools pay much your. Giving them the ability to add options trade king reviews their services trade mutual funds available, nor are commission-free!