Discount broker options penny stocks

Author: cross On: 03.07.2017

Sharing insights since on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! TradeKing seems like an amazing brokerage firm so I was excited before I even reviewed them.

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Let me walk you through why I recommend this broker as your trading platform of choice in this review. There are a few areas that I am particularly interested in when I look at a stock broker.

This is obviously a never ending test as I continue to work with this broker but so far so good. I started trading stocks with Etrade Financial and I was spoiled with its user interface. Luckily, TradeKing offers a solid platform for my trading needs.

On the same screen, I can get a snapshot of all the essential facts about the company as well as trade the stock, see all the options chains, insider activity and advanced chart with another click of the mouse. TradeKing is hard to beat when it comes to stock trade pricing. I imagine most people can make trades online by themselves but it is great to know that the option is there just in case, like times when your computer is down but need access to the market.

Not as straight forward as pricing on stock trades, so keep that in mind when you are trying to calculate your break even points. Any stock broker has an obligation to execute customer orders at the best price available and TradeKing takes this a step further to offer best execution. In their eyes, best execution includes speed of transaction, execution price, price improvement opportunities and liquidity. In fact, if the broker is unable to obtain the best price available, your trade is free.

The technicals of a stock is so important for short term trading and TradeKing offers free technical analysis with every account. Even though studying the charts thoroughly is highly recommended, I like the quick summary that tells you whether the analysis signal a bullish or bearish tone. An Update on the Webinars: Being an account owner of many stock brokers, I receive different invitations to webinars hosted by Etrade, TD Ameritrade, TradeKing, OptionsXpress among others.

What I noticed was that TradeKing hosts many more webinars than others, and they make it available to everyone no matter how much assets you have alternatively, Etrade and I believe TD Ameritrade seems to offer more services to people with more assets. I used to hate doing taxes because the amount of trades, dividends and re-investments made the schedule D next to impossible to create. When I found out that TradeKing has a similar service built into their platform, I wanted to check it out.

Best of all, it came with the account for free. A nice little feature I really like about the broker is the live chat feature. Instead of picking up the phone, I can launch live chat in a small window and just type my question.

This instant messenger type system is efficient, natural for me and I can often get my questions answered within minutes. With all that the stock broker has to offer, it can be tempting to take the plunge. Open your TradeKing account now. ReviewStock MarketStocks. I was forced to switch to ETrade for work compliance.

I will give them another try… thanks for a great review! Hi there, I do believe your website could possibly be having web browser compatibility problems. I simply wanted to provide you with a quick heads up!

Apart from that, excellent blog! I started the process and then realized the referral deal… can I still use the username I created I am in step 2 of 5 in personal information section. I can start over but would like to keep my username I created at the very first page of sing up process.

Let me know if this is possible or I must restart the whole process? It has cost me plenty missing trades.

Also their customer service reps sucks. So i had the internet service guy out upgraded my internet,also bought a new pc. This first day my trading sites freezeup again. It seens Ameritrade has gotton to big to serve their customers. Hey, very excited for this as a first year college student strapped for cash. Anybody willing to refer me? Trade King has the worst customer service. I have all of the letters from them verifying my address but when I call them, they state a letter needs to be sent out to me.

I have the letters!!! Thank you, Trade King! Employment Address is required. Employer Phone is required. Nature of Business is required. Year employed since must be 4 whole numbers. Month employed since must be 2 whole numbers. I needs to spend a while finding out more or working out more. Thanks for magnificent info I used to be looking for this information for my mission.

I was moved to Tradeking from Zecco. I am trying to file my taxes and they disabled my username for some reason. Yet this morning they did accept my auto deposit.

Simple, just resolve the username issue and get access, right?

Nope, you have to call in on the phone and they only answer from 8a-6p EST. What kind of website any website, much less one dealing with my retirement account cannot resolve access issues ?? I filed a complaint to service tradeking. I used to use Zecco and moved to Tradeking as part of their merger.

I have used Tradeking for quite some time. I am very disappointed with them. Their UI is not friendly as Zecco. Besides this, In last one month they restricted my account 2 times stating that they have returned as undeliverable mails, while I received mail from them couple of weeks back.

I demanded the proof of returned mail but they declined. The customer service is very rude and uncooperative besides other issues. Trade King is the worst.

discount broker options penny stocks

I started with Zecco and was transitioned to TradeKing. Customer service is nice but totally useless. They site protocol but do nothing to fix the problem. I find them totally aggravating and very poor customer service. Their people are slow and deny that they are responsible for the problem? I keep a small account with them but am transitioning out. I get my year end stuff timely and also have been able to fix any small problems by email.

Trade king was the first and only broker I have used. After all, I am only investing small amounts each time, so a big fee would be too much to recover. The sight is easy to understand for me especially being new to the investing world. I am now using their Android app as well.

Don t ever use Ameritrade,they have people trading stocks they own,so slow trades act in their favor. Now with TradeKing upgrade? Still getting corrected s. Tax allocation issues when trying to settle trades at specific lot allocations. Spend many many minutes on the phone with customer service and each time, one agent told me one thing and another to me something different.

That drives me MAD. I am not at all happy with this brokerage. Incidentally, I already have a TDA account 6 years and I reluctantly trade with TK… Sorry TradeKing, your site, your interface, is not easy or fun anymore and I have to move on before I go mad and end up paying lots to the IRS. You have nothing to offer me to stay with you.

Do they work with UK clients? They have issued an incorrect form 3 times this year, out of which one was 2 days prior to the tax deadline and another 1 week after!!! This caused me redoing my taxes 3 times this year and filing a correction due to their last correction being 1 after the deadline to file taxes. Is it true that it will take weeks for ACH deposit into TradeKing to clear before trading the funds? I have used TradeKing for several years.

I buy and sell individual stocks — maybe trades per month and I sell calls on them occasionally. That is all I do. For the relatively infrequent trading I do, TradeKing is perfect. The key is to find a brokerage firm that meets your needs. I picked them from a list to auto-trade. Even when they admitted they made an error — their attitude was extremely snotty.

Such as Scott Sanders a supervisor with attitude. Yes — the delay cost me 3 or 4 of the auto-trade winning trades! Yes, you are absolutely right how slow their process is about setting a new account. I set up an account with a small dollar amount to start and after 5 minutes in their tools I knew it was sub-par. But wait, they have an anti money laundering policy, so they think they can hold your money for at least ten days before they will let you withdraw YOUR cash. Then they gave me a hard time when I tried to take out my cash… they told me I had to call in to make a withdrawal, so I did and I ripped the poor fool that got stuck with the phone call… pure arrogance on their part… stay away!!!!!!

No tolerance for any company with an attitude. TRADE AT YOUR OWN RISK. I tried Tradeking for the first time today. I have used Scottrade, OptionsHouse, Etrade, Ameritrade, Bank Of America, and OptionsXpress… I have NEVER encountered issues like this before. I missed out on nearly all my trades today. YOU GET WHAT YOU PAY FOR… DO NOT GO WITH TRADEKING IF YOU TRADE A LOT. They may be cheap, but the extra bucks you save are NOT worth it… You WILL lose WAY more money than you will save in fees.

Man, trading sure is exciting. I sure am glad I bought in two years ago, when the stock market was way down like it was. Their customer service can be proportioned to rude unfriendly incoherent people.

discount broker options penny stocks

They always have an attitude and I had to do so much to get verified just to create an account. You have to send in a copy of your passport or id and a copy of your social security card.

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I had to travel to my safe in my bank to retrieve those. Next you will also have to send them a Notarized letter [which they will not reimburse] in addition to your social security and id photocopy. So much hassle to just get an account. I do not recommend. I also read other recent reviews mentioning slow transaction fills [not confirmed by me] be cause I never used TK passed the creating an account.

Stock market cap as of gdp I decided to try my luck with OptionsHouse. The setup there was quick and customer service game me free trades and a wire transfer free reimbursement.

Happy with it so far. Interesting that the comments shifted from postive to negative. Although I observe price to be a major driver for the reasons people have chosen to go with TK, the reason for staying seems to be a general satisfaction with the intuitiveness of their site. This ultimately means the tools need to be simplified, quick, easy and intuitive and allow me to get my end result with the least amount of cost money, time, cognitive load, etc.

Thanks for all of your comments. No doubt trade king is the leading broker and new bees should start from trade kind to learn trading. Trade king sent me a correctedonly problem was they never bothered to tell me they sent it. Great customer service, Trade King. Now I have to pay my accountant more money to file an amended return. Thanks, Trade King, for an alleged low cost broker, you are costing me too much.

When I call my broker with a problem, I would like to speak with someone who is actually knowledgable about the brokerage business, not some minimum wage phone receptionist. The people at TK customer support are no better than an answering service. I closed my account. The was a topic sucesso em forex download to my question pbs crashed stock market the details were insufficient for my particular case.

So…I called Trzde King customer service explaining my math behind options trading and the further details I needed beyond what was in the FAQs. The Rep read me the script verbatum from the FAQ. I explained I could already see that in the FAQ section but I needed more info.

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The rep again read me the FAQ verbatum. I again explained in detail the further info I needed, the rep again read the discount broker options penny stocks script. I hung up and transfered my account to Interactive Brokers.

Do NOT sign up with Trade King. If you are ever required to be assisted by a human being working in their office, they will incorrectly answer your questions and incorrectly input information on your account.

I recently setup automatic withdrawals to my account unfortunately, this was required to be done by a human being on their end and they double input the information resulting in two withdrawals on the same day for the same amount when I only gave them written authorization for one. To close your account, you must call in not mentioned anywhere on the website.

To confirm, you must call in a 2nd time closing will take a few days. TradeKing will not provide you with a confirmation number or anything in writing.

I contacted the company on multiple occasions with questions about opening accounts and transferring funds over. Each time, the representatives gave me completely wrong answers that had to be corrected by a 2nd individual with follow up calls. All too disconcerting to trust an institution with my money and extremely frustrating and time-consuming to have to contact so many people for what should have been simple questions. Rather than deal with more nonsense, I asked to speak with a supervisor.

She ignored my request. After repeated requests, the rep tells me she already sent my concerns over to a supervisor and corrects me by saying that I only requested a supervisor once. How the heck can they answer my concerns correctly without actually asking me what my concerns are?

I called to complain and to close my account. Maybe Tradeking used to have great customer service in the past. They say phone orders are available, but no one seems to be able to get a call through.

I signed up for an online brokerage account to trade online, not over stock trading parabolic sar phones.

Too many technical problems with trade king they are unreliable. Well I say Trade king, you are not sorry, you are pathetic. I was a customer of TradeKing for close 2 years and I am now transferring my account due to their poor service and costly delays. Should you want to use a ACH to deposit money expect to wait weeks. However what is worst if you want to transfer cash or assets from one account in Tradeking to another account you hold there it is a 2 day wait.

Any other brokerage or bank I use the transfer is instant but like most things at tradeking their methods are anything but normal. Also they charge pass all regulatory fees on top of the 5. They do not pay interest on cash but are kind enough to charge you interest if you use your proceeds from a sale during that period.

Most importantly their trade execution is very poor; I almost always pay more than the price listed per share and sometimes even sale for less than the price issued. Their execution on your screen is fast, but in real time it is slow or ineffective. TradeKing is a cheap brokerage but their poor service and management far outweighs any money you save. I completed a Trade King application on Saturday and received a confirmation email shortly afterwards. I expected to receive an email soon after business began on Monday morning regarding my application.

Their website says they are here to help and will do whatever it takes. This gave me the impression that they have no interest in trying to help me. I cancelled my application. BEWARE OF THIS COMPANY. Customers service acts indignant if you have the nerve to 777 no deposit bonus trade binary options. One big problem with TradeKing: You cannot choose specific lots to sell.

They have the price to attract customers, but customer service was terrible. I had wired funds and that was processed at my bank end, but then I find out that because of their unusual document limitations, they had rejected the transfer due to the source account being a joint account.

They stated that I cannot use a 3rd party to deposit funds. They had wired back the money and deducted the fee from their side. It was just a waste of time. I am definitely not going to recommend them for that matter. Wow, this is an excellent review on TradeKing. I have heard of the brand name on and off over the years but never really looked into it because I was just content with my current brokerage.

Now that I am warren buffett about stock market determine to build my net worth and monthly flow, I wanted to look into sites like TradeKing. Because of your review, I will go check them out, see how far they have come along since your review. Ok so I am looking to use an online broker to buy and sell some stocks, which one should i go with?

I tourist euro rate today in the post office new to this…and any advice about which broker to pick would be great. Also, note that trades take 3 business days to settle. In a pure cash account, you have to wait till the transaction settles before you can buy something else, so watch out for that.

When I came back, I noticed that the TK system had NOT executed the automated sell order. Because someone discovered that I was not supposed to have a margin account — and I had a margin amount.

They blamed me cointegration trading system their own autotrading error and disabled the autotrade feature for the next transaction of course. Pathetic and real story. As someone mentioned, their system problems got worse lately. My last transaction was painful — top 10 stocks to buy moneycontrol took over 15 minutes to execute.

One of my work colleagues could not understand why I was putting up with this. Analyst binary options trading system recommended his broker, Fidelity.

Next in the positive category is TD Ameritrade, then Etrade. They even let me set up an IRA unfunded, so when I will need to roll over an IRA in a few months, it will already be set up. Can you tell me if your trading platform is available to Canadian citizens.

I am interested in selling put and call options. Last week their servers went down and I no on had online access. I lived through it and held on to my investments. The next week, everything was fine. Well until yesterday when they blocked me from online access to my account. Without online access to my account I dont know what investments I am in, how much I am losing, and no way to sell.

They told me I can call, but the lines are always busy, so there is no way I can get an efficient trade in. I am currently waiting to get my account restored so I can wire transfer the money back to my bank and switch to a new broker, london stock exchange aim quotes this is absolutely ridiculous.

Oh and their explanation for blocking my account? I guess they need someone to put the blame on for their servers crashing. Anyways this is just to serve as a warning for those looking to open an account with tradeking. DO NOT DO IT.

You are at a great risk to lose money. Hope this helps you. Almost all of my trades involve options. I guess the yo kid who approves that knows best: As such, I have not really talked about the current promotion and have edited the above comment because the offer is obviously not what the original poster wanted.

I expect great things. TradeKing was the first discount broker I used, and I traded with them for over 2 years, but I abandoned ship this year and went to a much faster, less expensive broker. They do have a decent collection of trading tools mostly for options traders as well as some helpful research and analysis sections on their site. But majority of these tools and information is accessible elsewhere on the web for free anyway. The status of your orders and daily trading activity is listed on their main page, along with your positions.

Every vital trading screen is laid out create select box options javascript separate web pages. To make a trade, you have how to make money in the stock market yahoo answers wait for a web page to load, fill out the fields, and then submit the trade.

Then once the trade is placed, you have to wait for another page to load to see confirmation. Then you have to either go to an orders screen, or back to the main page to check on the status of your order. You have to go to your order, and then wait for another web page to load and then make your changes. And this has cost me money before…more than once. But after 2 years of trading on TradeKing, it did become a big deal for me.

I wasted a lot of time waiting for cancels and edits to go through while trying to catch the best price on positions I was trying to enter and exit, and missed them several times. That was the last straw for me. I believe the reason why most people switch or use TradeKing is because of their low price commissions. This was initially the reason why I chose them.

Trademonster is also a cheaper broker for options contracts, as they only charge. I just opened an account based on positive reviews, but after funding it I got this email:. That is buying and selling opening and closing a position in the same business day. TRADEKING DOES NOT PROMOTE DAY TRADING. If a customer engages in day trading, the following rules apply. My guess is that a frequent trader might want to check out another service.

Actually, I believe the four or more stock trades rule is universal because other stock brokers enforce this as well. TradeKing is the only one that actually sends you an email ahead of time warning you though so I would actually give them credit in this case. Thank you very much. I truly appreciate the help and your time. I like to take some risk but not quite into the penny stock territory yet… I think that I will open a TK account and only put a little in at first like you said.

You are welcome and good luck with TradeKing. Be careful with the stock recommendations because following stock tips is another easy way to lose big. I like your comprehensive review of Tradeking, but have 2 questions. Another point about withdrawals. I am curious about opening a TradeKing account but I already have a Td Ameritrade one. I was wondering if anyone knew how I would go about transfering my stocks and money from the td to the tradeking??

Is it possible to keep the stocks I have at the price that I bought them or do I have to sell everything and then take the money out to open the new account? Do you know what the fees associated with closing the Td Ameritrade accounts are? Any advice would be greatly appreciated.

You do not have to sell your shares. Hi, Thank you very much for the quick response. Mainly I have had an Ameritrad account for 7 years and only traded once or twice a year. Recently one of the stocks I bought tripled and now I have a little more money to play around with so I was looking to start trading a little more. Does this seem like a reasonalbe thing to be doing? Or should I just stick with the Td Ameritrade account? You can lose a whole lot of money trading regardless of which stock broker you use.

I like TradeKing better than TD Ameritrade period. Obviously, the more frequently you trade, the more the commission differences add up so yes, you are doing something reasonable.

However, you may want to open a TK account, and then play around with the interface and make sure you are comfortable with everything before moving all your assets over. Thanks again for the quick response and good advice. It definitely makes sense to make an account and get to learn everything before I transfer all my assets. Thanks also for the warning with trading. Active trading, Buy and Hold, etc. Would TK allow me to sell that stock the next day without any problems and still only charge the 9.

I hope that makes sense. I get regular tips on companies to look at that more than not go up within a few weeks and wanted to play around with it a little more. You can buy and sell stocks on the same day as long as you have enough cash to settle the trade remember it takes 3 business days for each stock to settle.

This is the same with every broker. Your first time jitters is more reason to use a little bit of money to try tradeking before you transfer everything over. Once you are really comfortable, then move your assets over. To be honest, I advice you to use TK for other stocks than penny stocks, especially if you are starting out. Penny stocks in general are very volatile and you can lose your shirt in a hurry. MoneyNing, looks like they still have the promotion open.

Can you help me earn you some more money? It might serve you better if you just apply an account at TradeKing. Thanks everyone for participating. I hope everyone who got the email was able to get the free money and good luck in your trading.

Please send me the invitation to get the free money. I look forward to receiving the free money from TradeKing. I have been paying for high trading fees for far too long. I am a beginner and heard alot of positive reviews about Trade King. I would like to be educated on buying stocks through a broker like Trade King.

If so, reply or send me an email and I will send you the invitation. Remember though to act fast since it expires in a few weeks. Hi, I am interested in opening an account. Please send me the referral info, and I will take it from there. Hi there is a promotion going on with tradeking called the national friendship day and I am wondering anyone with a tradeking account can refer me by sending me an email.

Because I want to cover my brokerage fee when I transfer my account to tradeking. I love their options playbook and the simple interface that they have. I agree that not having the banking side is not really a concern and the stock broker is top notched.

Year after year, they win awards for customer service. Did you hear that TradeKing was named fourth in the latest Smart Money broker survey?

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They are really the future of stock trading. I would highly recommend them to everyone that cares to hear about my opinion. This is definitely one of the better brokerage firms out there. Much easier than even getting on the phone. All the brokers seem to be the same to me, but I do like its community since I can tap into what winning trades people are making to give me some trading ideas. I used them all. Scottstrade, Charles Schwab, TD Ameritrade, etc etc.

TradeKing rocks because execution is fast and cheap, not to mention that the user interface just makes sense. I love the tax manager. So far, I gotta hand it to them though since they are obviously making money without charging me excessively. In fact, I learned most of what I know with trading there so I cannot help with give them the thumbs up.

I agree with you that the options playbook is very comprehensive for people that want to learn. Notify me of followup comments via e-mail. Free Signup to Get a free ebook on How to Save Money on Everything! Constantly expanding, it will be the biggest money saving ebook available, and it's FREE! Information presented on Personal Finance Blog by MoneyNing is intended for informational purposes only and should not be mistaken for financial advice.

While all attempts are made to present accurate information, it may not be appropriate for your specific circumstances. Any offers and rates shown on this site can change without notice and may contain information that is no longer valid.

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discount broker options penny stocks

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