TradeKing Promotion for New Accounts
May 13, 2010
TradeKing Bonus – $50
TradeKing promotions like this latest $50 referral bonus help explain why the number of investors opening a TradeKing account grew by about 50% last year. According to the online brokerage, many of these people were new to self directed investing so they’ve focused heavily on education and training for new investors.
The current promotion gives new customers a $50 bonus if they’re referred by an existing investor, then deposit money into the new account and make a trade. TradeKing doesn’t leave new customers hanging; they offer new client orientation webinars where they go over a range of topics like monthly statements / trade confirms, how to place orders, and how to track trades for tax purposes.
As a TradeKing customer I get their training annoucements every 2–3 weeks where they publish thier schedule of education webinars. As I mentioned, some are specifically for new customers, such as explaining the difference between Market, Limit, Stop and Stop Limit orders and how to read market data (the bid, the ask, size, and volume). The webinars also cover more advanced topics like trailing stops, Candlestick charting, and stock trends (ex: CBOE Equity Put/Call Ratio, CBOE Volatility Index, Acceleration Bands).
While there are lots of online stock brokerages to choose from, not many offer a $50 referral bonus like TradeKing. Of course customers aren’t just opening an account for the cash promotion, the quality of the brokerage is what’s really important. It doesn’t hurt that TradeKing has consistently received high marks over the last few years:
- SmartMoney magazine gave TradeKing a five-star rating for both the quality of its service and trading tools.
- Barron’s Online Broker survey has given TradeKing a 4 out of 5 star rating for four consecutive years.
Wall Street & Technology featured TradeKing as one of the most innovative investment firms
This latest promotion only runs through the start of next month, for more details on the TradeKing bonus click here.
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