TradeKing is an online broker with a straightforward commissions schedule. This is regardless of order type and size. For multi-leg spreads, only one base commission is charged. Lastly, there is no commission charged for buying back short options valued at 5 cents or less.
Note other charges apply for loaded funds. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For options orders, an options regulatory fee per contract may apply.
Bonds Corporate Yes Offers corporate bonds. Bonds Municipal Yes Offers municipal bonds. Clearing Firm Apex Clearing The broker's clearing firm. Direct Market Routing - Stocks No Ability to route stock orders directly to a specific exchange designated by the client. Direct Market Routing - Options No Ability to route option orders directly to a specific exchange designated by the client.
Forex Trading Yes Offers forex trading. Futures Trading Yes Offers futures trading. Mutual Funds Yes Offers mutual funds trading. Mutual Funds Load Total number of Load mutual funds offered. Mutual Funds Total Total number of mutual funds offered. No Inactivity Fees Yes Charges no yearly inactivity fee for not placing a trade or not actively engaging in the account. Options Exercising Web No Exercise an option via the website or platform.
Options Exercising Phone Yes Exercise an option via phone. Options Trading Yes Offers options trading. Complex Options Max Legs 4 The max number of individual legs supported when trading options. Options Trading Weekly Yes Offers weekly options. Stock Trading Yes Offers stock trading. International Trading No Provides customers the ability to purchase shares of stock that trade on exchanges located outside of the United States. If you live overseas, please use this tool - https: Email Support Yes Email support for clients.
Web Platform Yes Offers a web browser based trading platform. Broker website does NOT count. Charting - Historical Trades No The ability to see past buy and sells, typically marked with a buy or sell symbol, on the stock chart. Charting - Drawing Tools 10 The number of drawing tools available for analyzing a stock chart. Most commonly this is done by right clicking on the chart and selecting an order.
Linking the user from the chart to an empty non pre-populated order form does NOT count. Charting - Notes Yes Add notes to any stock chart.
Heat Mapping No Colored heat map view of a watch list, portfolio, or market index. Heat maps are a visual tool used to view gainers and losers. Ladder Trading No A ladder tool provides active trading clients the ability to one click buy and sell equities off a real-time streaming window of fanned bids and asks.
Option Chains - Total Columns 15 Option chains total available columns for display. Duplicates do not count. Option Positions - Rolling No Ability to pre-populate a trade ticket and seamlessly roll an option position to the next relative expiration.
Trade Hot Keys No Ability to designate keyboard hotkeys for on the fly trading. Virtual Trading No Offers virtual simulated trading. Watch Lists - Streaming Real-time Quotes Yes Site or platform only one needed watch lists stream real-time quote data. Watch Lists - Total Fields 21 Total available fields when viewing a watch list. Full quote and research results must be available for 4 of the 5 following tickers: Research - Mutual Funds Yes Offers mutual funds research.
Full quote and research results must be available for 2 of the 3 following tickers: Research - Fixed Income Yes Offers fixed income research. Full quote and research results must be available for fixed income securities such as individual US Treasuries.
Must be via website or platform, mobile excluded as separate category. Misc - Portfolio Builder Yes A tool that asks hypothetical risk tolerance questions then assists clients with building a diversified portfolio of ETFs based on their answers. Equity Research - Earnings Yes View analysis of past earnings. Consensus vs actual data, EPS growth, sales growth. Equity Research - Insiders Yes View a list of recent insider transactions.
Equity Research - Social No View social sentiment analysis, eg twitter analysis NOT just a stream of recent tweets , for individual equities. Screener - Stocks Yes Offers a equities screener.
Screener - Mutual Funds Yes Offers a mutual fund screener. Screener - Options Yes Offers a options screener. Commonly referred to as a spread creation tool or similar. Screener - Bonds Yes Offers a bond screener. Education Feature Value Definition Has Education - Stocks Yes A minimum of 10 educational pieces articles, videos, archived webinars, or similar with the primary subject being stocks.
All content must be easily found within the website's Learning Center. Has Education - Options Yes A minimum of 10 educational pieces articles, videos, archived webinars, or similar with the primary subject being options.
Has Education - Mutual Funds Yes A minimum of 10 educational pieces articles, videos, archived webinars, or similar with the primary subject being mutual funds.
Has Education - Fixed Income Yes A minimum of 10 educational pieces articles, videos, archived webinars, or similar with the primary subject being fixed income. Has Education - Retirement No A minimum of 10 educational pieces articles, videos, archived webinars, or similar with the primary subject being retirement.
Investor Dictionary No An online dictionary of at least 50 investing terms. Client Webinars Monthly Avg 8 Total educational client webinars hosted, on average, each month. Client Webinars Archived No Provides an archived area to search and watch previously recorded client webinars. Live Seminars No Provides at least 10 live, face-to-face educational seminars for clients each year. Must be delivered by a broker staff member.
Videos No Are educational videos available? A video is a short clip, typically several minutes in duration, that explains a trading concept, term, or strategy. Archived webinars and platform demos do NOT count.
Retirement Calculator No Offers a retirement calculator. Interactive Learning - Quizzes No Quizzes offered within the education center. Must include multiple questions and score results. Example service provider - Morningstar, InvestingTeacher. Mobile Site Yes Has a mobile website, typically m. If on mobile phone and navigate to homepage, homepage should redirect to mobile site automatically.
Having a responsive website is also acceptable. Account login most common integration. Quotes Real-time Yes Mobile app offers real-time quote data. Quotes Streaming Real-time Yes Mobile app offers streaming or auto refreshing real-time stock quote results. Watch List Real-time Yes Watch list in mobile app uses real-time quotes.
More specifically, the watch-list must auto-refresh at least once every three seconds. Watch List Syncing Yes Watch list in mobile app syncs with client's online account. Updates made in the mobile app migrate to the online account and vice versa. Must be customizable filters, not just predefined searches. Charting - Stock Comparisons Yes Display multiple stock charts at once for performance comparison in the mobile app. Charting - After Hours No Stock charts in mobile app display after hours trade activity.
Stock Alerts Delivery - Push Notifications No Optional smartphone push notifications for stock alerts in the mobile app. Customizable Homescreen No Client dashboard customizable in the mobile app. Portfolio, watch lists, quotes, quick links. Trading - Stocks Yes Stocks trades supported in the mobile app. Trading - After-Hours No After-hours trading supported in the mobile app.
Trading - Mutual Funds No Mutual fund trades supported in the mobile app. Trading - Simple Options Yes Single-leg option trades supported in the mobile app. Trading - Complex Options Yes Multi-legged option trades supported in the mobile app.More...