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TradeKing charges an annual fee of $200 for simple LLC or corporate accounts. They also charge $50 for a simple 1099 for these accounts. TradeKing charges an annual fee of $200 for simple LLC or corporate accounts. They also charge $50 for a simple 1099 for these accounts.


==Competitors<ref>, Financial Industry Regulatory Authority, Inc. May 11, 2013. Accessed May 11, 2013.</ref>==
==Competitors==
Competitors in the discount brokerage industry include: ], ], ], ], ], ], and ]. Competitors in the discount brokerage industry include: ], ], ], ], ], ], ], Place Trade and ].


==See also== ==See also==

Revision as of 18:42, 11 May 2013

TradeKing
File:Tradeking (business) logo.png
Company typePrivate
IndustryFinancial Services
FoundedDecember 2005 (2005-12)
HeadquartersFort Lauderdale, Florida, U.S.
Key peopleDonato A. Montanaro, CEO
Richard J. Hagen, Jr. President & COO
Thomas A. Desmond, Chief Financial Officer
Productsstock brokerage
Websitewww.tradeking.com

TradeKing is a privately held discount brokerage firm with headquarters in Fort Lauderdale, Florida, and subsidiary offices in Charlotte, NC.

History

Launched in December 2005, TradeKing offers online brokerage services for active stock and option traders. The firm was an early user of social networking for investors and traders, offering free blog support and other Web 2.0-based tools to registered members and accountholders since the firm’s inception.

In March 2007, the firm opened a second office in Charlotte, North Carolina. In November 2010, the firm moved from Boca Raton, FL to Ft. Lauderdale, FL.

In July 2007, TradeKing released the Options Playbook, a primer for options trading explaining common options trading strategies (or “plays”) in jargon-free terms. Investors can access a free online version of the book's full content at http://www.optionsplaybook.com.

May 15, 2012 – TradeKing and Zecco, the industry’s first two socially-enabled online brokerages, announced they have agreed to merge their businesses.

Industry awards and rankings

TradeKing was ranked the #1 discount broker in 2006 and 2007 by SmartMoney, the Wall Street Journal’s business magazine.

In SmartMoney’s 2008, 2009 and 2011 surveys, TradeKing finished top-four overall. The firm earned the maximum five stars for customer service in 2008, 2010 and 2011.

SmartMoney’s 2011 broker survey compared a total of sixteen brokerages on their merits across six categories: commissions and fees, mutual funds & investment products, banking services, trading tools, research, and customer service.

TradeKing earned four stars in Barron's five-years running (2007, 2008 2009, 2010 and 2011) in Barron's Annual Survey of Best Browser-Based Online Brokers.

In its 2011 survey Barron’s recognized TradeKing as one of the best brokerages for options traders, long-term investing and #1 for site usability among brokerages reviewed. The Barron’s survey measures overall brokerage performance based on eight key aspects: trade experience, trading technology, usability, range of offerings, research amenities, portfolio analysis and reporting, customer service and access, and cost.

TradeKing earned four stars and finished fourth overall out of 23 brokers in the StockBrokers.com 2011 Online Broker Review. The broker was also recognized as having the "Best Investor Community". StockBrokers.com's 2011 review provides in-depth analysis for seven categories: commissions and fees, ease-of-use, tools and research, customer service, offering of investments, education, and mobile trading.

Consumer Reports also ranked TradeKing third out of 19 brokerages reviewed in an independent survey conducted in May 2007.

Product reviews and criticisms

Independent product reviewers often rank TradeKing positively for its customer service, trading platform, low pricing, and active community. Critics often cite high commissions for penny stock trades and lack of paper trading platforms.

TradeKing charges an annual fee of $200 for simple LLC or corporate accounts. They also charge $50 for a simple 1099 for these accounts.

Competitors

Competitors in the discount brokerage industry include: E*TRADE, IDealing, Scottrade, TD Ameritrade, Fidelity Investments, Charles Schwab, Merrill Edge, Place Trade and Firstrade.

See also

Notes

  1. “MySpace for Traders”, Business Week, September 10, 2007.
  2. "Cyber Traders Turn to Blogging", August 21, 2007, Reuters video.
  3. “Investors share tips, track records online, July 12, 2007, USA Today.
  4. Characteristics and Risks of Standardized Options, NYSE Alternext US LLC et al., 1994 (updated 2008).
  5. Matt Krantz, “Better Know Your Option Options”, USA Today, November 16, 2007.
  6. Jeffrey M. Laderman, “A Playbook for Traders”, Business Week, November 5, 2007.
  7. http://tradeking.mediaroom.com/index.php?s=30774&item=128467
  8. "Online Stock Investing: Manage and Trade Stocks", SmartMoney, July 10, 2007.
  9. "SmartMoney's Annual Broker Survey", SmartMoney, May 20, 2008.
  10. "SmartMoney's 2009 Broker Survey", SmartMoney, May 19, 2009.
  11. TARQUINIO, J. ALEX. SmartMoney http://www.smartmoney.com/invest/stocks/the-2011-broker-survey-and-the-winner-is-1304553695118/. Retrieved 6 May 2011. {{cite news}}: Missing or empty |title= (help)
  12. TARQUINIO, J. ALEX. http://www.smartmoney.com/invest/markets/SmartMoneys-Annual-Broker-Survey-23119/. Retrieved 20 May 2010. {{cite news}}: Missing or empty |title= (help)
  13. Theresa W. Carey, "The Best Online Brokers – Tools of the Trade", Barron's March 5, 2007. (subscription required)
  14. Theresa W. Carey, "Making It Click: Annual Ranking of the Best Online Brokers", Barron’s, March 17, 2008.
  15. Theresa W. Carey, "Blue Chips ", Barron’s, March 16, 2009.
  16. Carey, Theresa. http://online.barrons.com/article/SB126844973242861545.html#articleTabs_panel_article%3D1. Retrieved 15 May 2010. {{cite news}}: Missing or empty |title= (help)
  17. Carey, Theresa. Barron's http://online.barrons.com/article/SB50001424052970203523604576188781715729822.html#articleTabs_panel_article%3D1. Retrieved 12 March 2011. {{cite news}}: Missing or empty |title= (help)
  18. "Online Broker Review 2011", January 18, 2011.
  19. Herb Weisbaum, "Want to be your own broker? Here's some help: Consumer Reports gives high marks to Firstrade, E*Trade, TradeKing", MSNBC, April 30, 2007.
  20. TopTen Reviews 2009 Silver Award
  21. MoneyNing TradeKing blogger review
  22. BrokerReview.org TradeKing review
  23. The Digerati Life by Silicon Valley Blogger, TradeKing review
  24. Investor Junkie - TradeKing review
  25. Howtotradestocks.org blogger review
  26. Online Stock Trading Web blogger review
  27. WiseStockBuyer Review
  28. "FINRA Member Firms: List of Members", Financial Industry Regulatory Authority, Inc. May 11, 2013. Accessed May 11, 2013.

External links

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