Uncovering the Best TradeKing Alternatives for Savvy Investors
TradeKing was once a highly regarded online broker, offering robust tools and research for trading stocks, options, bonds, and more. Even earning recognition as the #1 ranked online broker for site usability by Barron's in 2011, investors may now be seeking a TradeKing alternative due to evolving market needs, new platforms, or simply a desire for different features and pricing models. This guide will help you navigate the landscape of online brokers and find the perfect fit for your investment strategy.
Top TradeKing Alternatives
Whether you're a seasoned trader looking for advanced features or a beginner seeking low-cost entry into the market, there's a TradeKing alternative out there for you. Here's a curated list of top contenders that offer compelling reasons to make the switch.
Robinhood
Robinhood revolutionized investing with its zero-dollar ($0) commissions, making it an attractive TradeKing alternative for cost-conscious investors. Available on Web, Android, and iPhone, Robinhood focuses on Investment, Options trading, Portfolio management, and general Trading.
MetaTrader
MetaTrader is a world-leading multi-asset platform that offers extensive capabilities for trading Forex, Stocks, Futures, and CFDs. As a free platform available on Windows, Web, Android, iPhone, Android Tablet, iPad, and Wine, it's a powerful TradeKing alternative for those seeking Automated Trading, Price alerts, Algorithmic trading, advanced Charts, Exchange access, Fundamental analysis, Futures trading, Investment, Portable functionality, and a comprehensive Trading platform.
Sierra Chart
Sierra Chart is a professional Trading platform for financial markets, offering Manual, Automated, and Simulated Trading. Available as Freemium software for Windows, it's a strong TradeKing alternative for users prioritizing Automated Trading, Futures trading, Options trading, Portable functionality, and a dedicated Trading platform.
Capital One Investing
Capital One Investing (formerly ShareBuilder) allows users to buy stocks, mutual funds, and ETFs with low commissions, making it a viable TradeKing alternative for long-term investors. This commercial platform is accessible via Web, Android, and iPhone, focusing on Investment tools and model portfolios.
OptionsHouse
OptionsHouse provided a competitive edge for stock and options traders with low rates and a top-rated experience. As a Freemium platform available on Web, Android, and iPhone, it served as a solid TradeKing alternative for active traders, though specific features beyond trading are not detailed.
Scottrade
Scottrade offered $7 online trades, no maintenance fees, and no inactivity fees, making online trading and investing straightforward. This commercial TradeKing alternative was available on Web, Android, and iPhone, focusing primarily on Investment.
E*TRADE
E*TRADE is a highly recognized name in online brokerage, known for its powerful mobile trading applications. As a free platform available on Web, Android, iPhone, Android Tablet, iPad, and Apple Watch, E*TRADE serves as a comprehensive TradeKing alternative for those seeking robust trading capabilities on multiple devices.
Freetrade
Freetrade is an online stock trading service that distinguishes itself by offering no fees for basic investing or accounts. This Freemium TradeKing alternative is available on Web, Android, and iPhone, making it a good choice for Investment, Portfolio management, Trading, and general Trading platform needs.
TradeStation
TradeStation is an award-winning platform offering tools and brokerage services for trading stocks, ETFs, options, and futures. As a commercial TradeKing alternative accessible via the Web, it provides a comprehensive suite for achieving diverse trading goals.
Trade Interceptor
Trade Interceptor is a professional trading app known for its advanced trading and analysis tools, including robust charts and indicators. This free TradeKing alternative is available across a wide range of platforms including Mac, Windows, Android, iPhone, Blackberry, Android Tablet, iPad, PlayBook, and Kindle Fire, offering specialized features like Bitcoin trading.
The world of online brokerage is dynamic, with many excellent platforms offering unique advantages. By considering factors like commission fees, available assets, platform features, and user interface, you can confidently choose the best TradeKing alternative to align with your personal investment goals and trading style.