TradeKing Promotion $100 Signup Bonus
August 30, 2011
This month’s TradeKing promotion earns you $100 for opening a new account with the online broker. The number of people using the online brokerage has been growing quickly over the last few years, not due just to the TradeKing promotions but also because they make it cheaper and easier for their customers to invest their money in a number of ways.
Low Trading Commissions
With $4.95 trades and $0.65 per option contract and no account minimums TradeKing is one of the best options when it comes to low cost trading commissions. Of course the TradeKing bonus where you earn a $100 signup bonus don’t hurt either, basically they’re equivalent to 20 free stock trades.
Options Trading Education
Low cost trades have an impact on your returns but TradeKing also offers a ton of trader education videos and webinars on stocks, bonds, and options that can help you with your investment decisions. I’ve gone through the first few options trading webinars and have been working my way through their Options PlayBook, written by their options expert, Brian Overby.
Another kind of trading education are the forums and groups, called the Trader Network, where you can interact with the experts who do the webinars, as well as other TradeKing members.
If you’re looking for ideas and strategies for your portfolio or even to understand some of the concepts the pros use to analyze and evaluate their investments you can get answers in the forums. I haven’t taken advantage of this feature myself but this promotion reminds me I need to spend some time there.
If you don’t have a TradeKing account and want to try out their training and trader’s network you can earn the $100 bonus by signing up here.
Online Stock Trading Tools
Another feature I haven’t made good use of yet are their calculators, reports, and screens. For example, here are some of the tools I’ve been meaning to spend more time with:
- MarketGrader Research Reports
- Probability & Profit and Loss Calculators
- Stock and Option Screeners
- Technical Analysis Tools
TradeKing also provides the Maxit Tax Manager to help sort things out with your accountant or tax software come tax time.
Those kind of tools are something you’d expect of any online brokerage but one cool thing about TradeKing is that they’re willing to help you out with questions you have about them. Their online broker chat option lets you ask questions when you’re stuck or trying to figure something out; I’ve also gotten fast email responses to my inquiries.
I’ve never called in so I can’t speak to their telephone hold times but SmartMoney and Kiplinger’s rated TradeKing tops for customer service in recent online broker surveys.
The TradeKing promotion runs through the end of the month, after you open an account with $2,500 and make your first 3 trades, you’ll earn the $100 bonus. There’s no promotion code needed but you do have to sign up through the following promotion link to earn the bonus – Click Here for Bonus
All posts by Ben Edwards