Pros and Cons of TradeKing Online Brokerage

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.

TradeKing Online Brokerage
TradeKing Logo
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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