Note: The $50 sign up bonus for new accounts ended on Feb. 12, 2014. The $150 Asset Transfer Bonus remains in effect, making it easy to transfer your current assets from your old brokerage to a new TradeKing account.
If you are thinking about opening a new investment account, now is a great time to do it. There is never a better time than right now to start planning your future. TradeKing is one of my favorite places to open an account for online stock trading – I’ve been a customer for several years now and recommend their service to anyone looking for an online brokerage account that offers a combination of price, service, tools, and educational products. Are you looking for more incentive to open an account? Then check out this TradeKing overview and these current TradeKing promotional codes.
About TradeKing. TradeKing is one of the one of the leading online discount brokerage firms and is the broker I use for my online stock trades. TradeKing was rated #1 overall discount broker by Smart Money Magazine in 2006 and 2007, and was rated #4 overall online broker in 2011. SmartMoney also rated TradeKing best in customer service in 2008, 2010, and 2011. TradeKing has also received numerous awards from Barron’s (4 Star rating 5 years running, and #1 in usability in 2011), Kiplinger’s, and other periodicals.
TradeKing Features: TradeKing is one of the leaders in the discount brokerage community and features:
- $4.95 stock trades
- No fee IRAs
- Variety of investments, including stocks, bonds, mutual funds, options, and exchange–traded funds (EFTs). They also offer U.S. Treasury and Agency Issues and CDs.
- Free automatic dividend reinvestments (DRIPs)
- Money Market Sweep to earn interest on your idle cash
- Top rated investment research and learning center (free to everyone)
- Free access to Maxit Tax Manager tax management software
- Receive up to $150 to transfer your funds to TradeKing from another brokerage with the TradeKing Asset Transfer program to get up to a $150 asset transfer reimbursement.
We wrote a full TradeKing Review on our sister site which overs TradeKing’s features in more detail.
TradeKing Promotional Code – $50 Sign up Bonus
TradeKing offers promo codes throughout the year. The $50 sign up bonus is a limited time offer, and is usually only available for one month. The current $50 bonus is available from January 1, 2014 – February 12, 2014. To qualify for the $50 new account bonus, you will need to open a new TradeKing account with at least $3,000 and make three trades within the first 30 days. Here is the fine print:
To qualify for this offer, new accounts must be opened and funded with $3,000 or more. Account funding must occur within 30 days of account opening, and three trades must be executed within 90 days of account opening, for account to qualify. Offer is not transferable or valid in conjunction with any other offer. Open to US residents only. Not valid for IRAs or other retirement accounts. One offer per household. TradeKing can modify or discontinue this offer at any time without notice. The minimum funds of $3,000 must remain in the account (minus any trading losses) for a minimum of 90 days or the credit may be surrendered. Other restrictions may apply.
You must use the special promotional link to qualify for this offer: TradeKing $50 new account bonus.
TradeKing $150 Asset Transfer Reimbursement
TradeKing is currently offering to reimburse new customers up to $150 in ACAT fees when they transfer their investment assets to TradeKing. Why is this a big deal? Brokerages often charge customers an Automated Customer Account Transfer fee when they transfer their assets to another brokerage. This fee is called an ACAT fee. It varies from broker to broker, and can cost you a fairly decent amount, depending on how much you are transferring, and your broker’s rules. TradeKing is offering to make it easier on you to transfer your investments without having the pay a large transfer fee to your current broker. It’s their way of saying thanks! Switch to TradeKing and get up to $150 in transfer fees reimbursed.