Update: TradeKing has an ongoing $50 sign up bonus limited offer at this time. You may want to consider TradeKing as your broker of choice because of the following reasons: they are considered one of the best online stock brokers around due to their extremely cheap trades (at $4.95 per trade) with no hidden costs, their tools and online community, and their awesome customer service. They’ve also received the highest honors from Smart Money and Barron’s and have a sterling reputation in the financial community.
Details On TradeKing
- They offer $4.95 for each equity or option trade (with 65 cents per option contract). Everyone pays the same low commission regardless of account size and frequency of trades.
- They will reimburse any transfer fees up to $150.
- No inactivity fees.
- They were awarded Smart Money’s honor of #1 Discount Broker in its annual Broker Survey of US Brokers in 2006 and 2007. The award was based on how well the brokerage rated in terms of commissions, interest rates, mutual funds, investment products, banking amenities, trading tools, research and customer service.
- They were awarded 4 stars (the highest ranking) by Barron’s in its 12th Annual Survey of Best Browser-Based Online Brokers in 2007. TradeKing was ranked second out of fifteen online brokers for “Usability” and “Cost”.
- Other great features they have available: a learning center, community section, tools and research area.
- They’re known for their top-notch customer service
What follows are details of the ongoing offer.
I caught wind of a sign up offer by TradeKing, a popular online brokerage among financial bloggers. If you’re considering signing up with an online brokerage, you can avail of a timely bonus by TradeKing at this time. Once you open and fund your brokerage account with a minimum of $2,500 and make your first trade, TradeKing will apply a $50 sign up bonus to your account. Following are some details on the terms and conditions of the bonus itself.
Details On The $50 Sign Up Bonus
- The offer has no specific expiration date at the moment.
- You need to fund your account with at least $2,500.
- Only new non-retirement accounts are eligible to receive the bonus.
- You’ll need to execute a trade within 180 days of opening your account.
- The offer is not transferable and not valid in conjunction with other offers.
- Only US residents qualify for the offer, which is limited to one bonus per household.
- You’ll need to maintain a minimum balance of $2,500 in your account apart from trading losses for the first six months in order to keep the $50 bonus.
- You’ll need to sign up through this promotional link to receive the bonus. The offer won’t register if you sign up directly via the TradeKing site.
- Stock trades: Free stock trades from Zecco, Cheap stock trades from TradeKing, Stock news and Investment info at INO TV Free, No cost Trend Analysis for stocks
- Earn top returns: FNBO Direct [1.90%], HSBC Direct [1.65%], WTDirect [1.76%], E*Trade Bank [0.95%], ING Direct [.25% to 1.65%]
- Cash bonus: Discover More [$50], American Express [$25], Lending Club [$25]
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I prefer Zecco to TradeKing – nothing can beat 10 free trades per month..
I’ll talk about Zecco someday.
Thanks for the opinion! I wonder though, how Zecco ranks among these informal brokerage ratings bodies. I’m sure TradeKing is ranked well for more than just the trades they offer — as per Smart Money and Barron’s.
Since this article was published, I’ve written a few posts about online brokers that I hope you find helpful: