Is TradeKing a scam?
Scam tests we do are extremely important because they offer detailed and reliable accounts of brokers’ security systems to our readers, which is our ultimate goal. Therefore, if you have ever asked yourself is TradeKing a scam, you are most certainly at the right place. Since there are new brokers popping up on the market almost every day, it is a pleasant surprise to see that TradeKing has been in the industry since 2005 and that it has gained a very good reputation in these 11 years. Bur we never trust rumors, so we decided to check for ourselves if this broker is the real thing or just a big scam. We went through all the most important components needed for good and safe trading, and we found out some pretty interesting stuff. Is TradeKing a scam? Keep reading and find out!
Is TradeKing a scam? | General safety features
Online security is important as much as security in a bank is important: if it’s not good, people will steal your money. Well, with TradeKing your money is in safe hands. To protect all the electronic information, they use the latest firewall and SSL security technology. As you can read in our article on TradeKing Login, even your login data is completely private and protected. The green padlock in the address bar indicates that it is totally secure to do all your transactions and that all the resources are served securely on this website. There are also extra layers of security like a limit on failed login attempts and separate passwords for login and placing trades. Your money is also in a way protected with insurance, as TradeKing is a part of Securities Investor Protection Corporation (SIPC), so you have you full customer rights and funds are secured to meet demands of up to $500,000. Trade King’s high level of security really shows they care about their traders and are constantly improving their safety, so there is nothing to worry about here. Is TradeKing a scam? So far, it doesn’t seem like it, but we have more ground to cover.
Is TradeKing a scam? | Money transfer
Let’s now take a more detailed look at how money transfers work here. You have several options to choose from which are all very easy to do for everybody. If your friend gives you a really good tip and you need to transfer your money fast, we suggest wire transfer. With TradeKing, this is the fastest way as your money will be in the account in a matter of hours. You can also send a personal check, banker’s check or cashier checks to fund your account or even do it directly on their website after setting up an ACH account (ACH is an electronic network for financial transactions in the US). Making a withdrawal is also very easy: you can request a check, ACH transfer or wire transfer. As you can read in our TradeKing Fees article, there are no fees for withdrawal, which is another plus for TradeKing since some other broker will charge you fees. We have tested all of the available methods and experienced absolutely no problems whatsoever. So if you would ask us now is TradeKing a scam, we would still say – absolutely not.
Is TradeKing a scam? | Trading platforms
If you have read our TradeKing Review 2016, you already know that this broker has several different platforms to offer. There’s their ForexTrader which can be downloaded to your computer or simply opened in your web-browser, there’s the mobile trading platform which comes as an app for your smartphone and there’s Metatrader 4. Each of these platforms works absolutely flawlessly. They always display the latest price changes and they execute your every order extremely smoothly. You will never miss out on a good trading opportunity because of a glitch in software, something like that is simply not possible here.
There are no manipulations of any kind, something that scammers often do, and you can see right from the start that this broker has a very professional approach to all this, so you will definitely enjoy your trading experience with them. The design is also very nice and you shouldn’t ever have any trouble finding the option you need. Is TradeKing a scam? Well, we’re starting to get pretty sure that it’s not, but let’s check some more.
Is TradeKing a scam? | Education and Support
Foreign exchange market is a constantly developing world and you learn your whole life how to succeed in it. We have a lot of experience in this field and we still see something new every once in a while. Constant learning is the best way to improve your trading, and the best place to learn about forex is TradeKing’s education center. Here you can examine absolutely everything: from stocks and options to ETFs and forex. Strategies are grouped according to these types and you just have to decide where to start. You can also learn by experience level, so no matter if you’re a beginner or an experienced trader, you will find strategies and tools developed just for you. They also have live events and webinars every Monday and Tuesday; all you have to do is sign up for the events to learn from their expert panelists and there are also videos on demand, all-star analyses and a special section for forex to learn about things like pips, bids, asks and spreads. You can even learn how to navigate through their TradeKing App that we already wrote about. Still not sure is TradeKing a scam? Then just contact their support because people working there are absolutely brilliant and will always do their best to help you. No matter how you contact them, you will always get detailed and helpful answers and tips. In short, somebody will always have your back here.
Is TradeKing a scam? | Conclusion
Is TradeKing a scam? Absolutely not! TradeKing is an honest and fair broker company that will never scam their customers in any way, and here’s why. They have an excellent internet security system, their money transfer options are convenient for everyone, their education center is remarkable and their support crew is always there to back you up. Open an account here and you will have a reliable partner whenever you want to open a trade.