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{{Infobox company | | |||
logo = ] | | |||
company_name = TradeKing | | |||
company_type = ] | | |||
foundation = {{Start date|2005|12}} | | |||
location_city = ] | | |||
location_country = ] | | |||
key_people = Donato A. Montanaro, CEO<br />Richard J. Hagen, Jr. President & COO<br />Thomas A. Desmond, Chief Financial Officer| | |||
industry = ] | | |||
products = ] | | |||
homepage = | |||
}} | |||
'''TradeKing''' is a ] held ] firm with headquarters in ], ], and subsidiary offices in Charlotte, NC. | |||
==History== | |||
Launched in December 2005, TradeKing offers ] services for active ] and ] traders. The firm was an early user of ] for investors and traders, offering free blog support and other Web 2.0-based tools to registered members and accountholders since the firm’s inception.<ref>, '']'', September 10, 2007.</ref><ref>, August 21, 2007, ] video.</ref><ref>, July 12, 2007, '']''.</ref> | |||
In March 2007, the firm opened a second office in ]. In November 2010, the firm moved from ] to Ft. Lauderdale, FL. | |||
In July 2007, TradeKing released the Options Playbook,<ref>, ] ''et al.'', 1994 (updated 2008).</ref><ref>Matt Krantz, , USA Today, November 16, 2007.</ref><ref>Jeffrey M. Laderman, , ''Business Week'', November 5, 2007.</ref> a primer for options trading explaining common options trading strategies (or “plays”) in jargon-free terms. Investors can access a free online version of the book's full content at . | |||
May 15, 2012 – TradeKing and Zecco, the industry’s first two socially-enabled online brokerages, announced they have agreed to merge their businesses.<ref>http://tradeking.mediaroom.com/index.php?s=30774&item=128467</ref> | |||
==Industry awards and rankings== | |||
TradeKing was ranked the #1 discount broker in 2006 and 2007<ref>, '']'', July 10, 2007.</ref> by '']'', the '']''<nowiki>’</nowiki>s business magazine. | |||
In ''SmartMoney''<nowiki>’</nowiki>s 2008,<ref>, ''SmartMoney'', May 20, 2008.</ref> 2009<ref>, ''SmartMoney'', May 19, 2009.</ref> and 2011<ref name="SmartMoney 2011 Broker Survey">{{cite news|last=TARQUINIO|first=J. ALEX|url=http://www.smartmoney.com/invest/stocks/the-2011-broker-survey-and-the-winner-is-1304553695118/|accessdate=6 May 2011|newspaper=SmartMoney}}</ref> surveys, TradeKing finished top-four overall. The firm earned the maximum five stars for customer service in 2008, 2010<ref name="SmartMoney 2010 Broker Survey">{{cite news|last=TARQUINIO|first=J. ALEX|url=http://www.smartmoney.com/invest/markets/SmartMoneys-Annual-Broker-Survey-23119/|accessdate=20 May 2010}}</ref> and 2011. | |||
SmartMoney’s 2011 broker survey compared a total of sixteen ] on their merits across six categories: commissions and fees, mutual funds & investment products, banking services, trading tools, research, and customer service. | |||
TradeKing earned four stars in '']'' five-years running (2007,<ref>Theresa W. Carey, , '']'' March 5, 2007. (subscription required)</ref> 2008<ref>Theresa W. Carey, , ''Barron’s'', March 17, 2008.</ref> 2009,<ref>Theresa W. Carey, , ''Barron’s'', March 16, 2009.</ref> 2010<ref name="Newest Trading Play: Screen Savings">{{cite news|last=Carey|first=Theresa|url=http://online.barrons.com/article/SB126844973242861545.html#articleTabs_panel_article%3D1|accessdate=15 May 2010}}</ref> and 2011<ref name="Making the Right Connection">{{cite news|last=Carey|first=Theresa|url=http://online.barrons.com/article/SB50001424052970203523604576188781715729822.html#articleTabs_panel_article%3D1|accessdate=12 March 2011|newspaper=Barron's}}</ref>) in ''Barron's'' Annual Survey of Best Browser-Based Online Brokers. | |||
In its 2011 survey ''Barron’s'' recognized TradeKing as one of the best brokerages for options traders, long-term investing and #1 for site usability among brokerages reviewed. The ''Barron’s'' survey measures overall brokerage performance based on eight key aspects: trade experience, trading technology, usability, range of offerings, research amenities, portfolio analysis and reporting, customer service and access, and cost. | |||
TradeKing earned four stars and finished fourth overall out of 23 brokers in the StockBrokers.com 2011 Online Broker Review.<ref>, January 18, 2011.</ref> The broker was also recognized as having the "Best Investor Community". StockBrokers.com's 2011 review provides in-depth analysis for seven categories: commissions and fees, ease-of-use, tools and research, customer service, offering of investments, education, and mobile trading. | |||
'']'' also ranked TradeKing third out of 19 brokerages reviewed in an independent survey conducted in May 2007.<ref>Herb Weisbaum, , ], April 30, 2007.</ref> | |||
==Product reviews and criticisms== | |||
Independent product reviewers often rank TradeKing positively for its customer service, trading platform, low pricing, and active community.<ref></ref><ref></ref><ref></ref><ref></ref><ref></ref> Critics often cite high ] for ] trades<ref></ref> and lack of ] platforms.<ref></ref><ref></ref> | |||
TradeKing charges an annual fee of $200 for simple LLC or corporate accounts. They also charge $50 for a simple 1099 for these accounts. | |||
==Competitors<ref>, Financial Industry Regulatory Authority, Inc. May 11, 2013. Accessed May 11, 2013.</ref>== | |||
Competitors in the discount brokerage industry include: ], ], ], ], ], ], ], Place Trade and ]. | |||
==See also== | |||
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== Notes == | |||
{{reflist|2}} | |||
==External links== | |||
*{{official website|http://www.tradeking.com}} | |||
{{DEFAULTSORT:Tradeking}} | |||
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Latest revision as of 00:15, 4 November 2017
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