From now until August 31, 2011, the TradeKing discount brokerage is offering a $100 cash bonus for all new accounts that are funded with at least $2,500 and execute three trades. If you happen to lose money in an investment, you won’t be penalized and will still receive the bonus.
The $100 cash bonus is the highest cash back bonus currently offered by an online discount broker. If you follow discount brokerages, you may notice that this promotion looks familiar; TradeKing seems to offer the same promotion several times each year. In the past, they’ve offered only $50, so this offer is even more attractive. Details on this promotion are straightforward, so make sure you follow the rules accordingly. Unfortunately for current customers, the bonus is for new accounts only.
As mentioned above, new customers who wish to receive the bonus must execute three trades within the first 180 days. If any of these rules are not met, the $100 cash bonus will be forfeited.
TradeKing continues to be one of the most impressive low cost discount brokers with low commissions ($4.95 per trade and $0.65 per option) and excellent customer service. It has repeatedly been voted top discount broker by Smart Money and Kiplinger. TradeKing also offers top-notch online security with data encryption as well as a world-class eduction center where account holders can communicate with and learn from each other.
Over the past few days, the market has been volatile, and some TradeKing customers, anxious to trade either to take advantage of the volatility or to protect their holdings encountered some technical difficulties. As a result, all trades this Friday, August 12, 2011, will be free. The brokerage will charge commissions as usual, but they will be refunded on Monday. Here’s what a representative had to say:
When we founded TradeKing in 2005, we set a high bar: to do everything in our power to help ensure our clients’ trading success. The past few days have been rough on all of us. I want you to hear straight from me that, for our part, we acknowledge that we have not lived up to the stellar client service standard we set for ourselves and which you deserve and have come to expect from TradeKing… This Friday we’ll be offering a special free trade day for all clients. Any trades placed throughout the day on August 12 will be absolutely free of commissions..
This limited-time bonus offer will only be granted if you visit TradeKing through a $100 bonus link, which can be found in this article or on a few other personal finance websites, but the free trades are available to any account holder including new customers. No promotional code or coupon code is needed when signing up. To receive your $100 cash back bonus, visit TradeKing.com.
Updated February 19, 2014 and originally published August 11, 2011.