TradeKing 10th Anniversary Brokerage Account Bonus: Receive $200 Cash

This post is part of our series on IRA & Brokerage bonuses. Every Tuesday we share another bonus with you.

The Offer

We previously reported on TradeKing’s bonus of $1,000 in free trades. Now, TradeKing is celebrating its 10^th anniversary by offering a deposit bonus in the form of $200 cash to new customers who open a TradeKing brokerage account by 4/30/2015 and fund it with $3,000 or more and execute at least three trades within the qualifying period.

$200 Cash Bonus

Direct link

To receive the cash bonus, you must do the following:

• Click through the “Get your $200” button at the link above to activate this offer and open a new TradeKing brokerage account.
• Fund the account with $3,000 or more within 30 days of account opening.
• Execute at least three trades within 90 days of account opening.

Rules:

• Offer is for a limited time only and expires 04/30/2015.
• Offer valid for new TradeKing clients only.
• Offer not valid for retirement accounts.
• New accounts should receive the cash credit within 10 business days of meeting the offer requirements.
• Offer not transferable or valid in combination with any other offer.
• Offer for US residents who are not employees of TradeKing or its affiliates.
• You must maintain the minimum funding of $3,000 (minus trading losses) in the account for a minimum of 6 months or you may be charged for the award.
• Offer valid for one account per household.
• Options involve risk so are not suitable for all investors.

The Verdict

For those who were tinkering with the idea of investing with TradeKing, but who weren’t enthralled by the prospect of a free trade-only bonus, this latest cash bonus, coupled with TradeKing’s low fee structure, may incentivize you.

TradeKing remains a solid contender from a fee perspective. What’s the cost of a standard trade at TradeKing? For stocks: $4.95 per trade, and for options: $0.65 per contract plus $4.95 per trade. If you’ve been following our IRA and brokerage bonus series, you will note that this is one of the lowest fee structures in the industry.

The $3,000 minimum investment requirement for this offer also provides a significantly lower barrier to entry than the previous trade bonus offer’s requirement of at least $5,000.

Regarding account transfers from other brokerages, recall that TradeKing still offers to credit your account transfer fees up to $150 charged by another brokerage firm if you are completing an account transfer of $2,500 or more. You would need to fill out the requisite Account Transfer Form to achieve that.

If you pursue this offer, remember to maintain the qualifying funds in the account for at least six months to keep the bonus.

TradeKing received 4 out of 5 stars in Barron’s 19th (2014) annual rankings of the Best Online Brokers.

Do you have experience with TradeKing’s platform? Let us know in the comments below!