If you are interested in opening a new brokerage account, you will now have more time to qualify for TradeKing’s $50 new account bonus. The promotion was originally slated to end this week, but the brokerage has decided to extend the $50 bonus through November.
In order to qualify, open a new account at TradeKing using a link within this post, fund the account with $2,500 within 30 days (you can leave your money in the default money market fund if you’re not ready to delve into stocks), and trade at least once within 180 days. Trades are relatively inexpensive at $4.95 each. There are only a few discount brokerages that offer trades at lower prices.
When you visit TradeKing’s application, make sure you see this icon in the top right of the screen. This is how you can verify whether you are offered the $50 bonus.
SmartMoney rated TradeKing the best brokerage in customer satisfaction this year.
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{ 1 comment… read it below or add one }
Subject: Not allowing me to sell my stock.
A few days ago on 10/31/08 I bought ( MGM ) when the stock started to tumble I tried to sell it, and TradeKing website would not let me. It returned a message saying:( that I was trying to sell a stock that had not yet settled ). This cost me, I lost over a dollar a share so I called and I was told that I had to have a margin account in order to buy and sell up to 3 stocks in a 5 day period of time. so I opened a margin account and waited. After about 2.5 days I got a letter saying my margin account was now open, So tried to sell ( MGM ) and there website let me. The next day I bought (s) and (GNBT). I held it for 2 days and then tried to sell it. Again there site would not let me. I got a message that said the account was restricted. So I called trade king and asked why. First I was told I bought more shares of (MGM) than I had money so the account was restricted for 90 days. I told TradeKing I did not buy too many shares that after I bought my shares that I had money left over. Then I was told that I sold MGM to soon. Well after I opened a margin account 2.5 days latter, I told TradeKing there site let me sell (MGM) so I assumed that everything was alright because the only thing that will over ride there site, is if a person calls in and tells them to sell it. Which I did not. Tradeking told me that they sent a letter saying that I was restricted, which they did not. ( I told TradeKing check there sent mail and you will see that they did not send me a letter ) and even if I was restricted why did trade king allow me to buy more stock after I was restricted? And if I was restricted, I told TradeKing they need to reimburse me for the difference. The money I lost on the stock after I was restricted since I was not allowed to sell it. It seems to me a person can buy stock at Tradeking but they can not sell it. So I got fed up and called and asked trade king to sell all my stocks, (S) (SIRI) and (GNBT) I had to argue with them for over 30 min. before they sold my stocks for me and it was falling in price.
Sincerely, Judy T Matthews
http://www.tradeking.com/