TradeKing, a newish online brokerage that offers $4.95 trades and no maintenance or minimum fees, is again offering $100 for opening an account with $1,000 and executing one trade using the promotional code TRADE expired!.
I already received my $100 bonus the last time they offered it with little problem.You must maintain a balance of $100 for the first six months. Buy a small amount of something stable if all you want is the $100 minus the commissions, or see my previous post for what I did. Here’s the fine print:
* To qualify for this offer, new accounts must be opened and funded with a $1,000 minimum and one trade executed. Offer excludes retirement and custodian accounts. Offer is not transferable or valid in conjunction with any other offer. Open to US residents only. One offer per household. TradeKing can modify or discontinue this offer at anytime without notice. A minimum balance of $100 is required in the account for the first six months. Other restrictions may apply.
I couldn’t find any specific expiration date, but since they can ‘discontinue it at any time’ I’d act sooner rather than later.
The offer actually worked for me, as I’m keeping my account open even after the six months is up. I think it’s a pretty decent brokerage, although some have complained about bad fills. If Scottrade doesn’t start offering online funds transfers soon like they promised in ‘Summer 2006’ (umm… is October still Summer?), then I might switch over completely. I already plan to close my now-liquidated Ameritrade I-Zone account with $5 trades.


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