2010 TradeKing New Account Referral: $50 Bonus
Online broker TradeKing.com has brought back their $50 sign-up bonus for new accounts as part of celebrating the birthday of the NYSE. If you get a referral from an existing account holder, fund it with at least $1,000, and make a trade, both people will get $50.
I have an account, so if you’d like a referral just contact me, and I’ll be happy to send you one. I only need your e-mail address. There is no promotion code, but you’ll need to click on the specific link on the e-mail for tracking purposes. Offer expires June 3rd, 2010.
TradeKing offers $4.95 trades with no minimum balance requirement. For more information, please check out my TradeKing Review. Here are some more recent accolades.
SmartMoney gave TradeKing the maximum 5-star rating for customer service and trading tools in 2008 and 2009. Barron’s has awarded TradeKing 4 out of 5 stars for four years straight. Kiplinger’s says “TradeKing reigns” in customer service, awarding them their highest rating of five stars.
The details:
- New customer must fund new non-IRA account with a minimum of $1,000 within 30 days of new account opening.
- Must execute one trade in the new account within 180 days of new account opening.
- The minimum funds of $1,000 must remain in the account (minus any trading losses) for a minimum of 180 days of new account opening or the credit may be surrendered.
Find more in Deals & Offers | 5/10/10, 6:57pm | Trackback
May 10th, 2010 at 8:19 pm
Not a bad return for 180 days.
May 11th, 2010 at 9:09 am
Speaking for myself, I stay as far away from TradeKing as possible.
1. Poor customer service, especially via online chat.
2. Draconian, graphical keyboard login that cannot aggregate with services like Yodlee, Mint, etc.
3. Endless waiting time on ACH transfers, so that opportunities to invest pass you by while you’re waiting for funds to “clear” (which is their artificial way to sit on your money for over a week).
4. Worst interface and array of features among all the online brokerages.
Ultimately the difference between $4.95 and, say, $7 at Scottrade just isn’t worth it for any investment of any seriousness. Avoid this like the plague!