A Helpful TradeKing Review
Online trading is a good way to enter the market and boost your income, but choosing the right trading site is a crucial decision. Make the right choice, and you can earn money with ease. Choose the wrong site, and you can watch your hard-earned savings disappear in a flash.
Reading reviews of different trading sites is a must before you put any of your money at risk in the market. This TradeKing review will help you decide whether or not this site is what you are looking for.
For most traders, TradeKing is a good choice. The site provides many high-quality tools that can help you trade with confidence, yet they charge considerably less than many other, better-known sites. This is in large part because they do not spend as much on advertising the site.
You can conduct trades for just $4.95 per trade, which is a lot less than you will pay elsewhere. Despite the lower price, TradeKing still gives you a lot of bang for your buck. It is highly ranked in many surveys of the online trading industry, and does well when compared to more prominent firms such as TD Ameritrade.
The site was founded in 2005 and places an emphasis on facilitating interaction between traders. This way, you can share idea and tips with other investors so that everyone can benefit. The site promotes this interaction by providing access to its Trader Network. Here, clients are able to talk about trades with other clients. Staff members also take an active part in the community.
In 2012, the company merged with Zecco, and since then it has offered a great many more research tools. As is common with discount brokers, there is not much available in terms of third-part research. Only a single source is made readily available, so you may have to do a fair amount of your own research.
Any thorough TradeKing review needs to mention the excellent resources that the site does make available to its members. Charting is quite powerful, especially for a low-cost broker. You can customize the charts and include a wide range of data in them, making it easy to spot trends in the market place.
All of the tools that the site offers are quite easy to use, with user-friendly interfaces and an appealing look and feel. You do not have to pay extra to access any of the tools, but they are all made available to you as soon as you create an account.
The site lets you trade a wide range of products, including Forex, DRIPs, and free IRAs. You do not have to pay any more for a multi-leg option than you do for a single-leg one. However, if you do not make at least one trade per year, you will be charged a $50 fee for inactivity.
TradeKing is one of the better and easier-to-use discount brokers out there. Use the information you have read in this TradeKing review to decide whether this site is right for you.