While I’m very happy trading stocks and options through Thinkorswim, I’m considering a second account with TradeKing. I have my doubts that TradeKing’s customer service is as good as Thinkorswim’s, but the commissions are dirt cheap. For options trades, TradeKing charges just $4.95 + 65 cents per contract. My current plan at Thinkorswim charges the lesser of 1) $2.95 per contract, or $9.95 + $1.50 per contract.
TradeKing was also just rated 5 stars by TopConsumerReviews.com, beating out the likes of Scottrade, OptionsXpress (OXPS), Sogo Trade, and Zecco. Not bad for a little guy.
Disclosure: I am an OptionsXpress shareholder
2 comments:
Tradeking is really solid for trading stocks. I invest both for the short term and long term with Fidelity, but nothing is better for swing trading than TradeKing. Staff is amazing, trades are executed fast, and the tools are very helpful. You should definitely consider the switch.
Maybe I'll give them a shot next year.
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