Comments on: Zecco vs TradeKing – Online Stock Trading Comparison

By: Nari Soundar

Nari Soundar — Tue, 15 May 2012 16:32:29 +0000

Zecco and Tradeking are MERGING.. so much for the benefits of Tradeking!

By: john werner

john werner — Wed, 18 Apr 2012 16:27:05 +0000

Trade King’s execution sucks. They won’t let you enter an AON order for less than 101 shares. I tried to sell a 100 lot, and got executed on just one share which I still had to pay a $4.95 commission for. that worked out to a commission rate of 18%.

By: i hate trade king

i hate trade king — Fri, 23 Mar 2012 14:19:19 +0000

Tradeking’s record keeping blows donkeys. My 1099 was over a month late, and when it finally came it was wrong. Now I have to wait for an amended form which they won’t tell me when it will come. My accountant says I will have to file an extension so it’s going to cost me more in tax prep fees. These $4.95 trades are costing way too much.

By: bertie55

bertie55 — Mon, 27 Feb 2012 15:06:42 +0000

Trade king is staffed with incompetents and liars. If you call them they say anything just to get you off the phone as quickly as possible. Half the time their information is wrong, and anytime they promise you something it is a lie. Their systems are down way too often and their only response when you complain is to say, “tough luck”. They clear through Penson, which is by far the lousiest clearing firm on the street, and that just makes the overall service even worse.

By: gilbert_x

gilbert_x — Tue, 17 Jan 2012 14:56:49 +0000

TK services sucks and they are liars. I had a problem and the customer service rep promised I would be credited with 5 free trades. I never got the credit, and when I called up to ask about it, they denied they ever made the promise. ACCOUNT CLOSED.

By: wallter

wallter — Fri, 10 Jun 2011 14:36:23 +0000

Trade king execution SUCKS. I have lost more in slippage than I will ever save in commissions. I guess it’s true you get what you pay for, and with TK cheap commission ends up costing way too much.

By: winton

winton — Thu, 06 Jan 2011 16:07:23 +0000

Online trading has been unavailable all morning at trade king today. They sat to phone in orders. Well the phone lines are busy and its hard to get through. Besides, I signed up for an online brokerage account to trade online, not over the phones. Too many technical problems with trade king they are unreliable.

By: Adam

Adam — Tue, 14 Dec 2010 02:01:23 +0000

Something you should know:

The one big kicker that caused me to go with Zecco as opposed to TradeKing is their handling of speculation stock trading (PK’s and OB’s).

TradeKing will charge an additional $0.01 per share for every share you buy on a stock that is valued less than $1.00. Zecco does not have such a charge – and while that may not be a factor for the big time traders, that can kind of charge can really add up for those looking to trade small. Also for new accounts, TradeKing will hold your money longer than Zecco and the signup process is more complex.

By: martin

martin — Sat, 27 Nov 2010 15:20:53 +0000

Trade king has become more interested in bells and whistles such as mobile apps and Api’s. Stuff most retail customers don’t need. This seems to be coming at the expense of getting the basics of the brokerage business right. Stuff like booking trades properly and correctly maintaining cash balances. I don’t know if Zecco is the answer, but it’s definitely time toleave TK and move on.

By: paul

paul — Thu, 18 Nov 2010 20:13:34 +0000

Whenever something isn’t wornking at trade king and I call Customer service, all they do is say: “yes it’s broken”. Well, I know its broken, That’s why I called. I don’t want you to tell me what I know, I want you to fix it. I almost expect to hear them say next time : “yes it’s broken, what are you gonna do about it, chump”