Most individuals are attracted to TradeKing by the advertisement of $4.
95 trades - I certainly was! But this does beg the question - do you lose out on quality of service for price? This article should help you decide if TradeKing is right for you.
So you've seen the glossy banners advertising $4.
95 trades and want to know what the real deal is, right? TradeKing does offer trades for $4.
95, plus a contract fee of $0.
65 for any option trades.
But what do you get alongside a great price? Let's have a look.
As a part of the package their customer service consists of a phone and chat and an email service, with a 24h reply guarantee.
Most sites that provide stock trading facilities e.
g.
Zecco offer a similar level of service, so this is pretty much a standard.
Tradeking does do quite well when it comes to Huge array of accounts that can be opened including joint, custodial and trust accounts.
On top of this there is the unique options search tool (very neat!) and the profit/Loss calculator with multiple facilities to easily find your break even point.
I was quite impressed with all of these features considering that there is nothing extra to pay, nor any minimum trade.
The site overall is generally well designed and easy to use.
They have the standard Firewalls and SSL security, with an automated log out after a time you set.
Naturally they seem to be very aware of the nature of scams on the Internet and offer various features such as an on screen keyboard when entering passwords to defeat key loggers.
Perhaps one of my favorite aspects of the Trade King service is the excellent forum and community features.
They have really worked hard to provide a community experience for everyone, with features that allow you to see who is trading the most successfully and plenty of opportunity to interact with others through forums and blogs.
The Main Features of TradeKing Perhaps the main features of TradeKing are firstly the commission rate of $4.
95.
On top of that they provide a second to none trading platform with a huge array of features and tools.
You also get access to a great trading community.
One of the only real drawbacks I could find was that TradeKing don't offer a Forex trading facility.
To conclude, they are an excellent (if not the best) choice when it comes to choosing an on-line broker.
Unless you want to trade Forex as well then TradeKing is definitely an option worth considering.
To sign up for free now follow the links below.