TradeKing is one of the leading online discount brokers, and they are well known for a mix of great prices, a robust trading platform, and excellent trading tools. Here is a top level overview, and a rundown of their current promotions, including their biggest promotion ever, $1,000 in commission-free trades!
TradeKing: Top Rated Discount Broker. TradeKing has been rated 4 stars by Barron’s in each annual ranking since 2007 – 7 years running! TradeKing was also rated the #1 online broker for usability in 2011. TradeKing was ranked as the #1 Discount Broker in SmartMoney Magazine’s 2007 Broker survey. More recently, SmartMoney Magazine ranked TradeKing as the #4 overall discount broker in 2011, and #1 in Customer Service in 2008, 2010, and 2011.
TradeKing is also well known for their $4.95 trades and $0.65 option contracts, both among the lowest in the industry. TradeKing offers live customer support, free trading tools, and an online community where traders and investors can share tips and ideas. You can learn more about TradeKing in our full review.
TradeKing Promotional Codes $1,000 in Commission Free Trades
From time to time, TradeKing runs promotions. The current offer of $1,000 in free trade commissions is their biggest promotion offer yet! The $1,000 commission credit covers equity trades, ETF orders, and option orders, making this an exceptional offer for active traders and options traders.
Here is how to take advantage of this offer:
- Open a new TradeKing account with a minimum of $5,000 within 30 days of opening your account
- Covers the cost of equity and option trades
- Available to new TradeKing clients only
- Limited time only offer expires June 30, 2016
- Enter Promo Code: FREE1000 when you open your account.
The $1,000 commission credit will be added to your account within one business day and will apply to equity, ETF and option trades executed within 60 days of funding the new account.
Here is the fine print:
The fine print: New customers are eligible for this special offer after opening a TradeKing account with a minimum of $5,000. You must apply for the free trade commission offer by inputting promotion code FREE1000 when opening the account. New accounts receive $1,000 in commission credit for equity, ETF and option trades executed within 60 days of funding the new account. The commission credit takes one business day from the funding date to be applied. To qualify for this offer, new accounts must be opened by 06/30/2016 and funded with $5,000 or more within 30 days of account opening. Commission credit covers equity, ETF and option orders including the per contract commission. Exercise and assignment fees still apply. You will not receive cash compensation for any unused free trade commissions. Offer is not transferable or valid in conjunction with any other offer. Open to US residents only and excludes employees of TradeKing Group, Inc. or its affiliates, current TradeKing, LLC account holders and new account holders who have maintained an account with TradeKing, LLC during the last 30 days. TradeKing can modify or discontinue this offer at anytime without notice. The minimum funds of $5,000 must remain in the account (minus any trading losses) for a minimum of 6 months or TradeKing may charge the account for the cost of the cash awarded to the account. Offer is valid for only one account per customer. Other restrictions may apply. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.
I’ve been a TradeKing customer for six years now, and this is the best promotion I have ever seen from them. This is a great offer, especially for active traders and options traders (since commission credit covers equity, ETF and option orders including the per contract commission).
TradeKing also runs different promotions. One of the most popular TradeKing promotions (outside of the free cash!) is the ACAT Fee Reimbursement.
Bonus Offer – TradeKing Reimburses ACAT Transfer Fees
Transfer your assets to TradeKing and save up to $150! Most brokerage firms charge Automated Customer Account Transfer fees (ACAT transfer fees) when you move your investments to another brokerage. Because these fees can be a deterrence, TradeKing offers to reimburse investors for these fees, up to a total of $150 when you move your account to TradeKing. This offer is available in conjunction with the $50 cash bonus, making it easy to open a new account, get the $50 sign up bonus, and transfer your assets from your old brokerage to TradeKing. Take advantage of their $150 transfer fee reimbursement offer if you transfer your assets to a TradeKing account. Switch to TradeKing and get up to $150 in transfer fees reimbursed.