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The TradeKing reviews for these optimized apps are strong: 2,525 TradeKing reviews yield an average 4.1 stars out of 5 for the mobile app. TradeKing Forex, however, might work better via the ordinary site. With a larger screen, users will be able to dive deeper into the research and currency spread tools.
All TradeKing reviews should include a list of pros and cons. As we’ve already mentioned, one of the main pros of TradeKing is the fact that the minimum deposit in order to open a Core Portfolio account is of $500. the amount is indeed higher for the Momentum Portfolios. However, you should consider this option if you have more experience.
TradeKing Review Summary. TradeKing has quickly become a significant player by integrating TradeKing's offerings and enhancing the pricing schedule. The brokerage provides an accessible trading platform with competitive pricing, appealing particularly to those interested in options, bonds, and forex trading. Updated on 7/19/2024.
Reviews. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties ...
For the last 10 years, it has done that, acquiring and merging with companies like Zecco in 2012 and MB Trading in 2015. Central to TradeKing’s appeal is its rock-bottom fee structure. At $4.95 per trade (with $0.65 per contract), TradeKing has some of the very lowest rates in the country, bar none.
The commission structure at TradeKing is both attractive and easy to understand. You simply pay $4.95 for each trade you make, plus $0.65 for each options contract in that trade. This makes TradeKing one of the cheapest brokers around for options trading. It is $9.95 to exercise an option and $4.95 to assign an option.
TradeKing Review After its April 2016 acquisition by Ally Financial, discount broker TradeKing has generated a lot of buzz for its user-friendly interface and affordable fee schedule. With an increasingly crowded market for low-cost online trading platforms, TradeKing stands out as a top choice, although not without its drawbacks. Low Fees TradeKing truly brings the...
TradeKing Cons. Low-cost Commissions: $4.95 flat rate stock trades and options trades with the same base rate plus $0.65 per contract are highly competitive commissions costs with which few brokerage firm rivals compete. In addition to low-cost commissions, margin rates are highly competitive, capping out at 8.00% and as low as 4.25%.
It’s all about the low-cost trading commissions. Obviously, I couldn’t leave these out, but I really think the TradeKing Community is even more valuable than the trading commissions in this case. But here’s the deal: stock trades are a flat $4.95. It doesn’t matter if you have a $1,000 account or a $100,000 account, you get the same price.
A low-cost investment platform and the online investment arm of Ally Bank, Ally Invest offers both self-directed trading and managed portfolios options. Formerly known as TradeKing, Ally Invest is a discount online broker that allows its users to invest in stocks and ETFs with minimal or no transaction fees. A relatively new kid on the block ...