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Interactive Brokers VS TradeKing

Compare Interactive Brokers VS TradeKing and see what are their differences

TradingJournal
TradingJournal is a modern trade tracking app that helps traders understand their performance, reduce emotional mistakes, and optimize strategies. With risk analysis, pattern detection, and visual insights. Free and ad-free. featured
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Interactive Brokers logo Interactive Brokers

Deep discount electronic access broker offering online trading of Stocks, Options, Futures, Forex.

TradeKing logo TradeKing

TradeKing is an online broker providing tools and research for online trading of stocks, options...
  • Interactive Brokers Landing page
    Landing page //
    2022-06-30
  • TradeKing Landing page
    Landing page //
    2023-05-13

Interactive Brokers features and specs

  • Low Trading Costs
    Interactive Brokers offers some of the lowest trading fees in the industry, with competitive commission structures that can benefit frequent traders.
  • Wide Range of Tradable Securities
    The platform provides access to a diversified array of financial instruments, including stocks, options, futures, forex, bonds, and mutual funds, across more than 135 markets worldwide.
  • Advanced Trading Tools
    Interactive Brokers offers sophisticated trading platforms such as Trader Workstation (TWS) that come equipped with advanced trading tools, research, and analytics.
  • Margin Rates
    The broker offers competitive margin rates that are often lower than those of many competitors, which is beneficial for traders using leverage.
  • Strong Regulatory Framework
    Interactive Brokers operates under strict regulatory oversight from top global regulatory bodies, ensuring a secure trading environment.

Possible disadvantages of Interactive Brokers

  • Complex Platform
    The advanced features and tools can make the platform seem overwhelming for beginners, requiring a steep learning curve to fully utilize the service.
  • Inactivity Fees
    Inactive accounts are subject to monthly inactivity fees, which can be a drawback for traders who do not trade frequently.
  • Customer Service
    There have been reports of subpar customer service, including long wait times and varied quality of support experiences.
  • Minimum Deposit Requirement
    There is a $10,000 minimum deposit requirement for new accounts, which can be prohibitive for small investors.
  • Limited Banking Services
    Unlike some other brokers, Interactive Brokers does not offer extensive banking services like checking or savings accounts, which may limit its use for comprehensive financial management.

TradeKing features and specs

  • Low Commissions
    TradeKing offers competitive pricing with low commission rates on trades, benefiting investors looking to minimize their costs.
  • Educational Resources
    The platform provides a wealth of educational resources, making it ideal for novice investors wanting to learn about trading.
  • Customer Service
    TradeKing is known for its strong customer service, offering support through various channels, including phone, email, and online chat.

Possible disadvantages of TradeKing

  • Limited Research Tools
    Compared to some other online brokers, TradeKing has fewer research tools and advanced analytical options, potentially limiting more experienced traders.
  • Platform Complexity
    New users may find the interface of TradeKing's trading platform slightly complex and not as intuitive as other platforms.
  • No Physical Locations
    TradeKing operates fully online without physical branch locations, which may be a drawback for traders who prefer in-person service.

Interactive Brokers videos

+ Add

Interactive brokers review 2020 - Reviews and ratings Pros & Cons

More videos:

  • Review - The REAL reason I’ll NEVER use Interactive Brokers again!! 😡
  • Review - Interactive Brokers Canada PROS & CONS Review - 2020

TradeKing videos

+ Add

Review of TradeKing

More videos:

  • Tutorial - TradeKing Options Platform Tutorial and Review (Part 3)
  • Tutorial - TradeKing Trading Platform Review, Tutorial, and Tour (Part 2)

Category Popularity

0-100% (relative to Interactive Brokers and TradeKing)

Interactive Brokers

TradeKing

Finance
67 67%
Finance
33% 33
Investing
67 67%
Investing
33% 33
Trading
80 80%
Trading
20% 20
News
44 44%
News
56% 56

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Interactive Brokers and TradeKing

Interactive Brokers Reviews

Where is Revolut Available? International Alternatives for 2022
It is an excellent option if you are looking for a more professional platform. Interactive Brokers has recently reduced its fees massively to remain competitive with all the new competition price-wise. Interactive Brokers review is available here. 💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks and ETFs, ideal for novice...
Source: investingintheweb.com
8 Best Business Brokerage Accounts – Corporate Trading and Investing
Interactive Brokers’ fee structure is also quite complex, the registration process is lengthy but fully online, and the broker doesn’t offer commission-free trading outside the US. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.
Source: investingintheweb.com
Does M1 Finance work internationally? Worldwide Alternatives for 2022
Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees). Check our Interactive Brokers review. 💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks and ETFs, ideal for novice investors.
Source: investingintheweb.com
Does Cash App Work Internationally? Worldwide Alternatives for 2022
Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options, Cryptos,…), and low currency conversion fees (FX fees). Interactive Brokers review available here. 💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks and ETFs, ideal for novice investors.
Source: investingintheweb.com
When is Robinhood Coming to Australia? Alternatives for 2022
On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy but fully online, and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.
Source: investingintheweb.com

TradeKing Reviews

We have no reviews of TradeKing yet.
Be the first one to post

Social recommendations and mentions

Based on our record, TradeKing seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Interactive Brokers mentions (0)

We have not tracked any mentions of Interactive Brokers yet. Tracking of Interactive Brokers recommendations started around Mar 2021.

TradeKing mentions (1)

  • Do y’all trust Ally Bank? I’m looking to build my Emergency Fund in their money market account. Is there a better suggestion?
    Ally Bank was known as GMAC (General Motors Acceptance Corporation). The brokerage side was tradeking.com and MBTrader. The Ally Invest side seems to lack a lot of tools. Source: about 2 years ago

What are some alternatives?

When comparing Interactive Brokers and TradeKing, you can also consider the following products

TradeStation - Whether you trade stocks, ETFs, options or futures, TradeStation’s award-winning tools and...

MetaTrader5 - World-leading multi-asset platform that allows trading Forex, Stocks, Futures and CFDs.

OptionsHouse - OptionsHouse is an online stock trading platform with an easy-to-use interface.

Questrade - Questrade IQ Mobile is everything you need to trade stocks - right in the palm of your hand.

Merrill Edge - Merrill Edge is a brokerage platform that helps in investing, provides advisory consultations, and other services.

Robinhood - Free stock trading service.

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