Recommended for everyone
Company Background:
TradeKing was founded in December 2005 by Don Montanaro and a small management team. Before starting TradeKing, Mr. Montanaro was the president and founder of SureTrade, Inc. which at one time was the eighth largest online brokerage.
As of February 2011, TradeKing has 225,000 client accounts. The company is privately held with headquarters in Fort Lauderdale, Florida and a subsidiary office in Charlotte, North Carolina. Don Montanaro is the Chairman and CEO. Its clearing firm is Penson Financial Services, Inc.
Platforms:
- Website: www.tradeking.com
- Advanced Trading Platform: Streaming Quotes (Java Application)
- Mobile Website: m.tradeking.com
- iPhone App: Yes
- Android / BlackBerry Apps: No
Review Summary:
TradeKing has excellent commissions and fees. Beyond the low costs, TradeKing features good stock and options trading engines, quality charts, competitive research tools and good margin rates. The iPhone App is a great resource for traders on the go. The only major drawback is the registration process needs some improvement. Still, TradeKing is highly recommended.
Detailed Reviews by Category:
- Registration: C
- Stock Trading: B
- Options Trading: B
- Charts: B
- Research Tools: B
- iPhone App: C
- Streaming Quotes Platform
- Commissions and Fees (Pass/Fail): Pass
- Margin Rates
- Dividend Reinvestment Plans (DRIPs): Yes
- Extended Hours Trading: Yes
- Tax Reporting
- Mint.com Compatibility: Yes
- Wikinvest Compatibility: No
- Clearing Firms
TradeKing Video Tours (provided by TradeKing):
See our Summary Reviews Page to compare TradeKing with other brokers