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TradeKing is not the cheapest commission, if you really wanted cheap Zecco offers $0 trades. The problem you may run into with brokers like Trade King is that there are hidden fees you don't know about. For example if you buy too many shares at once or if you trade a stock that is too inexpensive in price. Personally I like Scottrade and TD Ameritrade as thy are flat-fee brokers. You may pay more but you get a hella lot more for your money. Some articles here on the site that may interest you,
Yeah, TradeKing is definitely not the cheapest one out there. I believe Zecco, SogoTrade, and Interactive Brokers are all cheaper. However, remember that the cheapest is not necessarily the best. I'm currently using Firstrade and I'm pretty happy with them. They're flat free brokers too.
$6.95. They're pretty much slightly cheaper than Scottrade on everything. I like them over Scottrade because Scottrade doesn't have DRIPs, and I still don't understand why. I read on the Fool boards (TMF: Scottrade and setting up DRIPs. / Drip Investing - The Basics) that some people have found a way to work around it, but it's still a tremendous hassle. Scottrade says they're working on it though.
$6.95. They're pretty much slightly cheaper than Scottrade on everything. I like them over Scottrade because Scottrade doesn't have DRIPs, and I still don't understand why. I read on the Fool boards (TMF: Scottrade and setting up DRIPs. / Drip Investing - The Basics) that some people have found a way to work around it, but it's still a tremendous hassle. Scottrade says they're working on it though.
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