TradeKing vs Scottrade – 2017 Rankings & Review

Government constitutes acknowledgment of TradeKing's proprietary rights in them, as applicable.

After having used online brokerage TradeKing for more than a year now as one of my major discount brokerages for cheap stock trading, I personally have to agree with the majority sentiment - TradeKing's a recommended keeper. 

Discover is a paid advertiser of this site.

Exclusive Offers 

Bonus Promotion Code: $ Offer For New TradeKing Account Transfers The first thing you'll notice right away with online discount broker TradeKing is that the.

See our Commissions and Fees page for commissions on broker-assisted trades, low-priced stocks, option spreads, and other securities. Credit will be deposited to your account within 30 days of receipt of evidence of charge. TradeKing reserves the right at our sole discretion to modify or terminate this offer without prior notice. Pulling off the switch is easy. Open a New Account or if you already have an account, log in. Complete and print an Account Transfer Form.

Mail or fax the signed Account Transfer Form to TradeKing along with a copy of your most recent statement from your previous broker. Request your account transfer reimbursement by faxing your transfer reimbursement form, along with proof of transfer charge, to This offer cannot be combined with any other reimbursement offers including our offer to credit fees for initial funding by wire or overnight mail.

Exercise and assignment fees still apply. You will not receive cash compensation for any unused free trade commissions. The Options Playbook will be sent to you at our expense via postal mail within 30 days of funding.

Offer is not transferable or valid in conjunction with any other offer. TradeKing can modify or discontinue this offer at anytime without notice. Offer is valid for only one account per customer. Other restrictions may apply. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Credit will be deposited to your account within 30 days of receipt of evidence of charge.

TradeKing reserves the right at our sole discretion to modify or terminate this offer without prior notice. Pulling off the switch is easy. You'll need to provide the standard registration information required by all brokerages such as your name, address, social security number, employer information, and indication of your level of investing expertise.

Like most brokerages, Tradeking allows customers to link a bank account to TradeKing to deposit and withdraw money via free electronic ACH transfers. Unfortunately, at the present time, TradeKing only allows you to link up a single bank account to your broker for ACH transfer purposes. For most people however myself included , this isn't that big of a deal since most individuals utilize only a single primary bank account, but it can be a mild nuisance for some multiple bank account holders.

The other slight knock on TradeKing concerns the mandatory trading hold of 5 business days before recently deposited funds can be used for trading purposes, and the 10 day freeze before deposited funds can be withdrawn.

As these account limitations are quite prevalent among most online brokerages I've come across, they're more minor nuisances to be aware of than anything else. Those looking to sign up for a new TradeKing account really ought to take advantage of the various TradeKing promotions available. Simply visit the main TradeKing. Thoughts and complaints about your TradeKing experience are always welcomed!

Please share your comments below. You can follow any responses to this entry through the RSS 2. You can leave a response. Discover is a paid advertiser of this site. Reasonable efforts are made to maintain accurate information.

See the Discover online credit card application for full terms and conditions on offers and rewards. I'm a recent college grad and have little experience with financial terminology a newbie , but have been wanting to get started with the stock markets. I have been told that prices are at historical lows and that this may be the best time to get into some long term stocks. Zecco may be worth taking a look too, but right now I'm semi-set on TradeKing.

Nice overall review btw Raymond May 5, at There really is no such thing as a 1 perfect top online broker for everyone's needs, but TradeKing's got the low commissions and full trading features you would desire as a new investor.

Plus it has plenty of educational instruction videos and articles to get you up to speed to the world of investments and financial planning. Zecco is a similar type of low cost discount broker as well, but it's not as fully developed as TradeKing in my opinion.

Yes, prices are currently at historical lows Beware of bear market rallies, aka as sucker's rallies when prices seemingly soar up, only to come tumbling down in full force a few months later. For new investors, I'd recommend sticking with low fee, low cost exchange traded funds ETF's that offer the cost benefits of individual stocks, but also include the diversity and lower volatility of mutual funds. May 6, at Do they ever advertise?

Just wondering why if they are such a highly recommended online discount broker, why are they so almost unheard of? I use ETrade as my online broker and bank and love it.

It would recommended to me a long time ago and I've been using them ever since Raymond May 6, at 5: In fact, I'm not even sure they advertise via television media at all, seemingly preferring to stick to online advertising sources exclusively. If you read financial blogs or websites such as Wall Street Journal or Kiplinger's, you'll probably notice their banner ads on occasion. TradeKing's well known among personal finance bloggers and those who write about financial news and subjects, but probably not as well known by mainstream consumers.

But don't let TradeKing's lack of advertising aggression fool you - it's a pretty well established and well run online brokerage company. Speaking of alternative choices mentioned online broker Etrade is also a very good discount brokerage choice. The fees are higher than that offered by TradeKing, but in exchange, it offers a complete all-in-one full service online bank checking, savings, CD deposits and brokerage service.

May 10, at 1: My name is gemroy, I am very much interested with your blog. I have added your site on my blogroll, hoping to get an exchange link with you.

 

5 Reasons to Open an Account with Tradeking 

Home > Promotions > Ally Invest Promotional Codes Ally Invest Promotions – Get a $ Cash Bonus Ally Invest (formerly TradeKing) is offering several promotions.

There are 2 TradeKing coupon codes for you to consider including 2 sales. Most popular now: Stock Trades $ Flat Rate. Latest offer: Option Trades $ Per Contract. For great service and a simplified fee structure, use Ally Invest (formerly TradeKing) coupons to support your online brokerage needs. The company has almost a decade of experience in business and serves both large organizations and small, private investors. 

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TradeKing Expired Coupons

TradeKing Review Recommendations TradeKing is the perfect broker for investors seeking a bargain in financial services, charging just $ for stock, ETF, and option trades (options are just 65¢ extra per contract)/5. TradeKing has accepted multiple four-star ratings from top industry sources and was recently rated number one in customer service by SmartMoney Magazine. Grab hot online deals from this store at discounted prices by using TradeKing promotion code, coupon code and coupon.

With a successful redemption of TradeKing promo code, traders could get $ of bonus trade balance when deposit account balance is $ To sign up more and more traders, TradeKing offers something really exciting. You could earn free trade balance while refereeing friends to open account with TradeKing. Promotion Codes / Financial & Professional Services Deals / TradeKing Promotion Codes. About TradeKing. TradeKing was founded in as a low cost alternative to expensive brokerage services. They eliminate the obstacles and costs that have long afflicted self-directed investors. Pricing is clear and their service is fantastic.

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