TradeKing Reviews
Average Rating (5 ratings total)

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TradeKing is a nationally licensed online broker dealer offering simple, low flat fees. In 2008 TradeKing was rated number one in customer service by SmartMoney Magazine. The TradeKing Web-based platform features equity, options and fixed-income trading and information and includes a community networking capability to help connect like-minded traders.

Tradable Assets

Asset class Details
U.S. Stocks
Options
Mutual Funds
Bonds

Stock Commissions

Trade type Cost per trade
Any trade
$4.95

Options Commissions

Trade type Cost per trade
Any trade
$4.95 + $0.65 / contract

Mutual Funds Commissions

Type of fund Cost per trade
No Load
$14.95
Load
$0.00 (Subject to charges from the Mutual Fund)

Bonds Commissions

Type of asset Cost per trade
Bonds
$4.95 per bond, $14.95 minimum per transaction
Treasuries
$24.95 per transaction
Certificates of Deposit
$24.95 per transaction

Account Minimums & Cash Interest

Minimum Balance (Cash)
$0
Minimum Balance (Margin)
$0
Minimum Balance (IRA)
$500
Cash Interest
0.25%
(not applicable to Wisconsin residents or retirement accounts).

Margin Rates

Margin debit balance Margin interest rate
Any balance
3.75%


Tools Service Features Trade Features
  • Alerts
  • Real time data
  • Broker Assistance
  • Phone Support
  • After Hours Trading
  • Smart Order Routing

Fees

IRA annual fee
$0.00
Inactivity fee
$0.00
ACAT Transfer Out
$50.00
Option Exercise
$9.95
Option Assignment
$4.95
IRA termination fee
$50.00
IRA transfer fee
$50.00
Outgoing wire transfer (domestic)
$20.00
Outgoing wire transfer (foreign)
$50.00
Check stop payment
$25.00
Returned checks
$25.00
Returned ACH
$20.00
Copies of checks
$5.00
Check reorder (first 185 free)
$11.50 for 150
Stock certificate delivery fee
$200.00
Overnight delivery
$20.00
Stock certificate processing fee
$100.00 per certificate
Vault fee
$7.50 per quarter, for a total of $30.00 per year
Reg T extension
$10.00
Margin Sellouts and Restricted Account trades
Equities 24.95 per trade, Options $24.95 base + $0.65 per contract

Contact Informartion

Contact Information
Mailing Address
Checks, forms and letters: TradeKing PO Box 811690 Boca Raton, FL 33481-1690 Overnight deliveries (No Saturday deliveries): TradeKing 5455 N. Federal Hwy, Suite E Boca Raton, FL 33487-4994
Phone


Phone Hours
877.495.5464


8am - 6pm ET, Monday - Friday
Website
www.tradeking.com
Fax
561.988.0131



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