How do you like $50 free money?
Online discount stock broker TradeKing is offering $50 bonus during the month of October for anyone who opens and funds a new brokerage account and make at least one trade when the promotion is running.
Here’s how it works:
1. Open a TradeKing account before November 30, 2009;
2. Fund the account with at least $2,500 with 30 days after the account is opened and trade at least once within 180 days of the account opening;
3. Receive $50 bonus from TradeKing;
4. Keep the initial fund in the account for 6 months.
Pretty easy, right?
TradeKing Quick Review
Now, why do you want to trade with TradeKing?
TradeKing’s commissions for stock and options trading aren’t the lowest among discount online brokers. For stock, TradeKing charges $4.95 per trade, whether it’s a market order or limit order, and there’s an additional $0.65/contract for each options trade. To have an idea where TradeKing is compared to other discount brokers, Zecco charges $4.50 commission for stock trading and each stock trade will cost you only $2.95 at OptionsHouse. However, TradeKing does offer an excellent service that was recognized in the industry. For example, TradeKing was name the No. 1 discount online broker by SmartMoney Magazine two years in a row in 2006 and 2007. In Barron’s 14th annual survey of Best Online Brokers early this year, TradeKing was awarded a four-star rating and received high marks for its options trading tools, as well as for its “Trader Network” (the TradeKing Online Community, one of the first in its kind) that enables investors to interact to share ideas, fixed income offerings, and its broad range of educational and research tools.
So, do you think TradeKing is the right broker for you? If it is, then you definitely want to take advantage of this bonus offer and get $50 to jump start your trading.
Update: The promotion has expired.
