TradeKing is an online discount broker that has one of the lowest commissions around. All market or limit orders are just $4.95 per trade. They also have one of the lowest options commissions that I have seen at $0.65 per contract. I currently use Fidelity for all of my trading and pay $7.95 per stock trade and $0.75 per option contract, so the TradeKing commissions seem like a good value.
TradeKing is currently offering a $50 signing bonus for opening up an account between August 1st, 2010 and August 31st, 2010. Get $50 when you open a TradeKing account today. There are a few restrictions (see below) when you open up the account.
Here are a few reviews of TradeKing if you are interested in learning more -
- TradeKing Review at Money Ning
- TradeKing Review Discount Brokerage at Amateur Asset Allocator
Disclosure
In the next few months, I am going to be creating a new dividend paying stock portfolio where I will be using a discount broker like TradeKing. Low commissions make it easier to dollar cost average stocks in a small portfolio like the one I will be starting. Once I have initial amount to open a new account, I will be sure to give them another look.
Restrictions and Rules – To qualify for this offer, new accounts must be opened and funded with $2,500 or more. Account funding must occur within 30 days of account opening, and one trade must be executed within 180 days of account opening, for account to qualify. Offer is not transferable or valid in conjunction with any other offer. Open to US residents only. One offer per household. TradeKing can modify or discontinue this offer at anytime without notice. The minimum funds of $2,500 must remain in the account (minus any trading losses) for a minimum of 6 months or the credit may be surrendered. Other restriction may apply.
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