TradeKing started their refer a friend program again. Since I’m a TradeKing customer you can apply for this offer. You must click on the special link below. You must be transferring at least $1,000 to qualify for the referral fee. See our TradeKing promo codes web page for other offers.
You can check out my TradeKing review for more insight about them. I’ve been with TradeKing for approximately one year now, and like their customer service and cost of their trades.
The requirements for the referral are:
- Get referred by an existing account holder (if you don’t know someone, I have an account with TradeKing)
- Open a non retirement account
- Must be a US resident
- Deposit at least $1,000 into the new account
- Make at least one trade
Both individuals will get $50 for the referral. For more info please see their requirements.
You can also get a referral by leaving a comment on this post with a valid E-mail address.
Please do not put your E-mail addresses into the comment field, as others will see this information. You will then get an E-mail from me with the offer link. Click on the link, sign up, deposit the money, and make one trade and you’ll get the $50.
FYI, I do not spam! Like everyone else I hate spam, and your E-mail address will not be used for other purposes.
Interesting pricing structure – what with the NYSE/arca liquidity removal fee being $0.0021 per share, they start losing money on a market order for a NYSE stock at only 24 lots and for several even smaller odd-lot sizes. Guess they’re betting on either a) mostly small customers or b) that big customers will be liquidity-adding.
Small customers who are very active would be better with Interactive Brokers. Medium to big customers might be well served. No idea how safe they’d be after you went past SIPC protection limits though.
Small, inactive customers could do well with them too I guess.
When you say small what size? $100k? From everything I’ve read (I haven’t tested Interactive Brokers out myself yet) they are best suited to the semi to professional trader.
Anyone who does not trade often, shouldn’t be with Interactive Brokers. I am looking for someone to do a review on them, so I am open to guest posts. For your type of trading/investing it sounds like they should be ideal.
IB is really cheap on stocks – .005/share with the regular pricing. So they’d be cheaper than TK to almost 10 lots, radically cheaper on 1-2 lots. But they do have some data fees and stuff, so they’re not very good if you’re not active.
I get the feeling that if you were trading big enough size TK was losing money on their fixed pricing, they’d tell you to take your business elsewhere.
IB does have kind of a pro feel – most of their customers are mini hedge funds etc. They’re also a little safer than most if you’re over the SIPC limit and actually care about the broker’s viability.
I’d be willing to do a review as a guest post if you like.