TradeKing is among the top online discount brokerage with its flat rate commission of $4.95 per trade. TradeKing provides two platforms such as a standard web based trading platform as well as a mobile trading platform. In 2010, TradeKing is also rated number 1 in customer service category by SmartMoney.
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Pros of TradeKing
- Has one of the best customer services via chat, email or phone.
- Has great online community network
- Tons of excellent educational resources
- Provide mobile trading support
- Offers DRIP (Dividend Reinvestment Plan) for free
- There is no annual IRA maintenance fee
- There is no minimum to open an account
- It has low margin rates compare to other online brokerages
- Free Maxit Tax Manager for Tax purposes
Cons of TradeKing
- Need to improve its trading platform
- Little support on mobile trading
- It doesn’t offer Forex and Futures Tradings
- Extra fees for cash management service
- No support for international applicant/ investors
Note: For details about TradeKing, I have updated the
best brokerage 2011 page.
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