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February 19, 2017

TradeKing Promo Codes for 2017

View top TradeKing promotional codes, including free trades with no minimum deposit.

TradeKing is currently offering four promotions. Read our in-depth review of TradeKing to see why TradeKing scored 4.4 stars out of 5. We like their low commission for stock trades, no account minimums, and online trader network.


Top TradeKing Promotions

TradeKing offers one of the lowest per trade fees and an award-winning platform that rivals even the largest names in online brokerage. Here are the latest promo offers to save when you open a new account.

Top PromotionMinimum DepositPromo Code
$500 in Free Trades$500TRADE500
$1000 in Free Trades$5,000FREE1000
$25 Wire Transfer Fee Refund$5,000No Promo Code Necessary
$150 Transfer Fee Refund $2,500No Promo Code Necessary

    $1,000

    Get $1,000 in Free Trade Commissions When You Open a TradeKing Account

    To qualify, you must fund your account with $5,000 or more within 30 days of account opening. $5,000 minimum funds must remain in the account (minus any trading losses) for a minimum of 6 months.

    Commission credits are good for 60 days from award date. Commission credits cover equity, ETF and option orders (including the per contract commission). Exercise and assignment fees still apply. You will not receive cash compensation for any unused commission credits.

    For new customers only.

    $500

    Get $500 in Free Trade Commissions When You Open a TradeKing Account

    New customers are eligible for this special offer when opening a TradeKing account and funding with a minimum of $500. You must apply for the free trade commission offer by inputting promotion code TRADE500 when opening the account. New accounts receive $500 in commission credit for equity, ETF and option trades executed within 60 days of funding the new account.

    To qualify for this offer, new accounts must be funded within 30 days of account opening. You will not receive cash compensation for any unused free trade commissions.

    $150

    Switch to TradeKing and get up to $150 in transfer fees reimbursed.

    To qualify, complete a minimum account transfer for $2,500 or more.

    Here's how it works: Open a new account, complete an account transfer form, fax the signed transfer form to TradeKing (along with a copy of your most recent statement from your previous broker) and then request your account transfer reimbursement by faxing your transfer reimbursement form (along with the proof of transfer charge) to 866-699-0563.

    $25

    Get up to $25 wire transfer fee reimbursed when you fund your account

    Use a wire transfer to make an initial deposit of $5,000 or more and you'll be eligible to have the wiring fee reimbursed (up to $25). Promotion does not apply to retirement accounts.


Tips and Tricks to Save Money at TradeKing

TradeKing offers low-cost trading on an easy-to-use platform, plus comprehensive research tools and calculators. They also consistently rank high for their exceptional customer service. If you are interested in online trading through a discount broker, then TradeKing is certainly worth a look. We’ve got the ins and outs of how it works, plus how to take advantage of special deals and promotions.

How to Get the Best Deals at TradeKing

  • Stay active. There is no account minimum with TradeKing, but you will be charged an annual $50 fee if you maintain less than a $2,500 balance and make less than one commission-charged trade each year.

  • Check for promo codes. TradeKing regularly offers free sign-up bonuses, so look for the latest codes at CreditDonkey before you get started. You can find deals like $100 in free trades with a $0 deposit, or even larger savings when you start off with more money.

When to Use TradeKing

  • As soon as you’re ready to trade. A huge perk is that TradeKing doesn’t require a minimum balance to open an account. That’s a huge difference from other discount brokers, who require anywhere between $500 and $25,000 to start trading. Once you’re ready to jump in, you can start off with any amount you like, large or small.

  • On the go. TradeKing has a standard app for iOS and Android that allows you to monitor your accounts from your smartphone and even make trades. It’s an easy and convenient way to always stay on top of the market.

After Your Purchase

  • Take advantage of analytical tools. Browse through TradeKing’s comprehensive research gallery, where you’ll find interactive charts, company data, watch lists, and more. You’ll also find free technical analysis tools that you can use for price forecasting and more.

  • Enjoy top-notch customer service. TradeKing offers customer service through both phone and email. You can also use their live chat feature throughout the work week from 8:00 a.m. to 6:00 p.m. ET.

  • Join the community. TradeKing throws in a little bit of social media on its website with the addition of its Trader Network. There you can connect with other investors to discuss ideas and strategies. You can also watch a live stream of trades.

Best Things to Trade at TradeKing

  • Stocks. Purchasing stocks is one of the cheapest trading choices at TradeKing, costing just $4.95 per trade.

  • Options. Like stocks, options are also cost effective, with the same $4.95 base charge plus an additional 65 cents per contract. Plus, the price is the same whether you have a multi-leg or single-leg strategy.

  • Automated investing. Through TradeKing Advisors, you can sign up for automated investing with a low account minimum of just $500. This platform analyzes your age and savings goals to determine a personalized investment strategy. The annual fee is just 0.25%.

But Watch Out

  • ETFs. Though many online discount brokers charge for ETF trades, there are some offer a limited set of commission-free ETFs. And if you actively trade ETFs each month, that $4.95 per trade fee could cost you a significant sum over time.

  • Mutual funds. TradeKing charges $9.95 per mutual fund trade, which isn’t too costly if you plan on making a single bulk investment. But for many investors who add mutual funds to their portfolios little by little, they could end up spending nearly $120 a year on just 1 mutual fund trade a month.

  • Penny stocks. While other sites charge a flat fee for penny stocks, TradeKing charges a full $0.01 per share for stocks priced less than $2.00 (with maximum commission per order not to exceed 5% of the trade value and minimum commission of $4.95). If you’re buying thousands of penny shares, it might be better to look elsewhere.

    Highlights

    Options Trading
    $4.95 base + $0.65 per contract (only one base charge per spread)
    Mutual Fund Trading
    $0 to buy/sell load mutual funds
    $9.95 to buy/sell no load mutual funds
    Penny Stocks
    $0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. Minimum investment of $100 per order in OTCBB and Pink Sheet stocks.
    Broker Assisted Trades
    $20 + Regular Commission
    Inactivity Fee
    $50 annual charge if you have not made any trades in the last 12 months and the combined household value of your accounts is less than $2,500
    Minimum Deposit
    $0
    Customer Service
    (877) 495-5464 (Monday to Friday 8am to 6pm Eastern)
    Online Community
    Trader Network to connect with other investors

    More Information

  • Pricing information from published website as of 01/19/2015
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 TradeKingScottrade
 Visit SiteVisit Site
 

TradeKing

Scottrade

 

Benefits and Features

Stock Trading
$4.95 per trade
$7 per trade
Options Trading$4.95 base + $0.65 per contract (only one base charge per spread)
$7 + $0.70 per contract
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
No Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds
$17 to Buy/Sell/Exchange No-Load Funds
$0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. Minimum investment of $100 per order in OTCBB and Pink Sheet stocks.$7 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$20 + Regular Commission
$32
Inactivity Fee$50 annual charge if you have not made any trades in the last 12 months and the combined household value of your accounts is less than $2,500
$0
Maintenance Fee 
$0
Minimum Deposit
$0
$2,500 for brokerage accounts
No account minimum for retirement accounts
Banking Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop App ScottradeELITE (requires you execute 9 or more stock or option trades during the past 3 months, have $25,000 in your primary account, or have $15,000 in your primary account and combined linked assets of $25,000 or more)
Forex Trading
 
Customer Service(877) 495-5464 (Monday to Friday 8am to 6pm Eastern)(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Locations 
More than 500 branch locations
Online CommunityTrader Network to connect with other investors 
Seminars In-person branch seminars, online events and live webinars
Virtual Trading ScottradeELITE offers virtual trading
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

TradeKing: Pricing information from published website as of 01/19/2015

Scottrade: Pricing information from published website as of 12/11/2016


Articles on TradeKing

    TradeKing

    September 5, 2014 - By Cynthia Cohen - Reviews for TradeKing
    TradeKing offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.

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CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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