TradeKing is a US-based forex broker and a company with more than a decade of experience in this business. Thanks to some very attractive features such as great pricing, excellent platforms and reliable customer support, TradeKing is considered to be one of the best partners you can currently find on the market. Opening an account with them is exceptionally easy, so you will be able to start trading shortly after you open their website. But are there any TradeKing fees and how big are they? That’s what we want to show you here. Our experts have thoroughly searched the broker’s website and even traded with them, so they have a lot to tell you. Read on!
TradeKing Fees | Basic fees
Let’s start with the most basic aspect of this broker’s offer – trading. You will not be charged any commissions for your trades here. The company is compensated through bid/ask spreads included in the prices, so you have absolutely nothing to worry about. In addition, you will be happy to know that there are no TradeKing fees when it comes to withdrawal too, except if you decide to use bank wire to withdraw your money. In that case, a $25 fee will be applied. To learn more about this process and everything else the broker has to offer, read our detailed TradeKing Review 2016. We should also say that a monthly data fee will be deducted from your account should it ever become inactive for 90 days or more. However, you can always temporarily deactivate your account and easily avoid this unnecessary expense. With this basic stuff out of the way, let’s see if there are any more TradeKing fees.
TradeKing Fees | Other fees
The best way to inform yourself on all possible fees and expenses you can encounter while trading with this broker is to go to their Commissions and fees page. There you will find extremely detailed information about all types of trades and learn everything about TradeKing fees and costs associated with them. For example, you can see there that you will be charged $4.95 per stock trade and $4.95 per trade, plus 65 cents per contract if you decide to trade options. Numerous service fees are also there, as well as regulatory fees, mutual funds and more, and you can even compare the broker to its competition. Everything is completely transparent and easily accessible. It is therefore no wonder that our TradeKing Scam Test 2016 was a huge success because this broker really does its best to inform its clients thoroughly.
TradeKing Fees | Conclusion
To conclude, all TradeKing fees can be easily found on the broker’s website. There are no commissions and no withdrawal fees, except if you withdraw via bank wire. Be careful that your account doesn’t become inactive, and inform yourself thoroughly by going through the Commissions and fees page on the company’s website. There you will see that TradeKing has nothing to hide and really wants you to be as knowledgeable as possible. So if you want a reliable broker, open an account right here.