TradeKing is an online discount brokerage firm that was started in 2005.
The signup process for TradeKing was easy, but, unfortunately, funding can take up to seven days.
TradeKing has an annual charge of $50 if you do not meet these two requirements:
Meaning if you have less than $2,500 with TradeKing you better make at least one trade a year. This shouldn’t be an issue for most investors. Though, if you have less than $2,500 to invest, my suggestion is you shouldn’t start investing anyways.
SmartMoney rated TradeKing #1 in customer service in 2010-2012 and gave them a 5 out of 5 rating. For those who want to talk online, they offer an online chat option from 8 AM – 6 PM Monday through Friday, Eastern time.
TradeKing has a wide range of tools available to long term investors and active traders. It has:
TradeKing recently introduced TradeKing LIVE which is their new streaming (web 2.0) platform. You can stay on top of the latest market changes and your investments. It is completely browser-based, so there is no software to download and install. TradeKing LIVE currently only supports Apple’s Safari, Google Chrome, Firefox 4+ web browsers. They, do not support Internet Explorer.
TradeKing recently announced an API. This is the future of online brokers. Interfacing with third -party research tools, trading systems, and other ways to automate trading is the future growth of this industry.
Unlike others, TradeKing does not offer research reports or access to Morningstar analysis.
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