TradeKing Review

Updated Sunday, November 6, 2011

Ranking: 8T / 18   Score: 44.50
Understand our Ranking Methodology

Standard PlatformCommissions & Fees
Account Opening:CStock Trades:$4.95
Stock Trading:BOption Trades:$4.95 + $0.65/cnt
Options Trading:BOption Ex. & Ass.:$14.90 + $0.00/cnt
Charts:BMutual Funds:Click for Options
Research Tools:BMargin Rates:4.000% - 8.750%
Advanced PlatformsAcct Maintenance Fees:Click for Info
No Advanced PlatformAcct Transfer Fees:Click for Info
Stock Trading:n/aCommission Free ETFs:No
Options Trading:n/aDiscounts Available:Click for Offers
Charts:n/aOther Features
Research Tools:n/aDRIPs:Yes
Mobile PlatformsExtended Hrs. Trading:Yes
iPhone App:CStock Order Types:Click for Info
iPad App:NoClearing Firm:Click for Info
Android App:NoTax Reporting:Click for Options
BlackBerry App:NoMint.com Compatible:Yes
Mobile Website:Yes (no review)Wikinvest Compatible:No

CLICK HERE to switch to TradeKing and
get up to $150 in transfer fees reimbursed

Company Background:

TradeKing was founded in December 2005 by Don Montanaro and a small management team. Before starting TradeKing, Mr. Montanaro was the president and founder of SureTrade, Inc. which at one time was the eighth largest online brokerage.

As of February 2011, TradeKing has 225,000 client accounts. The company is privately held with headquarters in Fort Lauderdale, Florida and a subsidiary office in Charlotte, North Carolina. Don Montanaro is the Chairman and CEO. Its clearing firm is Penson Financial Services, Inc.

Review Summary:

TradeKing has excellent commissions and fees. Beyond the low costs, TradeKing features good stock and options trading engines, quality charts, competitive research tools and good margin rates. The iPhone App is a great resource for traders on the go. The only major drawback is the registration process needs some improvement. Still, TradeKing is highly recommended.

See our Broker Rankings Page to compare TradeKing with other brokers