TradeKing $150 Transfer Promotion
Published in General
TradeKing is running a promotion where they will compensate you up to $150 for moving your IRA from another broker. All brokers will charge you a fee to transfer and terminate your IRA, they need to be compensated for the paperwork involved. Until recently, most brokers would dangle a free trade promotion (see E*Trade’s promotional offer) where you could get an absurd number of free trades, like 100 free trades for thirty days.
TradeKing is one of the first brokers to offer a cash promotion for a transfer and it’s sizable, $150!
TradeKing was named the #1 Discount Broker by SmartMoney in 2006 and 2007, before they changed their ranking system and removed the “discount” category. They were also recently awarded the highest ranking of four stars by Barrons in their annual survey of the Best Browser-Based Online Brokers. Stock trades cost only $4.95, including broker assisted trades, and they’ve consistently been named one of the best for customer service every year.
