TradeKing have propelled themselves to the top of the pack when it comes to online stock brokers, mainly because of their low fees of just $4.95 per trade. However there is more to than just cheap fees. They also offer a very professional all-round service, which is why they are the broker of choice for so many traders and investors, and why SmartMoney voted them the Top Rated Broker for four years running.
Let's start off by discussing their fees first of all. Many people automatically assume that because they offer such low fees, there must be some hidden costs somewhere. However this is not the case at all. They offer the same flat fees to all of their customers, and they are as follows:
Stocks - $4.95 per trade.
Options - $4.95 per trade + $0.65 per contract.
Apart from buying stocks and options contracts, you can also use to buy more advanced instruments such as ETFs and mutual funds. Plus you can even trade and manage your own IRA Roth account if you so wish.
All of this is quite easy to do with TradeKing because the platform itself is very straight-forward, and once you have learned how to place trades, you may want to use some of the many other features that are available to you. These include charting facilities, streaming news, alerts, broker reports, and plenty of other research tools and educational material.
If this wasn't enough, you will also discover that there is a whole TradeKing community. So you can interact with other traders and exchange investment tips and ideas if you so wish. Indeed this really is an invaluable resource because it includes plenty of videos, webinars and other training materials from many top traders and investors.
When you factor in the excellent customer service that TradeKing has built it's reputation on (which is backed up by industry awards), you have to say that it is easy to see why this particular online stock broker has attracted so many new customers in recent years.
Yes they offer lower fees than many of their competitors, but it is the quality of their service, the range of powerful investing tools and educational material that they offer, and exclusive access to their trading community that has established them as one of the very best online stock brokers.
If you would like to open an account with TradeKing, you can do so by clicking on the following link: