Today I was asking a couple of my friends what companies they have who manage their investments. Many of them said Sharebuilder, E*Trade, and a few said TradeKing. I thought this was interesting to see what people really had to say about these companies. There a couple more investment companies mentioned but they were really disliked.
I then went home and looked around the internet to find different facts about the company’s prices and also how their trading worked. I decided out of the companies mentioned, to go with TradeKing. There were a couple reasons why I decided to with TradeKing to handle my investments.
One reason was due to the fact that their trades are only $4.95 flat fee with no limit and then to sell it is also $4.95. Many of the other companies were charging $9.95 to sell, which is another way these companies can steal your money. Another reason was due to their refer a friend program they offer. My father had sent me a referral so I decided to really look into the details further.
The referral included a $100 to both of us if I was to invest $1000 and make a trade within 6 months. I thought this was awesome because I was deciding to invest more than that, so this was just another extra for my father and me.
When I signed up for an account, I had to go through a five minute registration. This was a little long but I understood why it was asking me for all the personal information. Once I had my application complete, I clicked the submit button. It then appeared with a screen that stated I would receive an email stating if I was confirmed for an account. I was confirmed, so it was time to set up my account fully.
Once I logged into TradeKing.com, I had to set up a way to fund my trading account. It stated that the fastest way to deposit funds was through a direct bank wire transfer. I decided to do that and was able to go to Wachovia and perform the wire transfer. I was a little upset because Wachovia charged me $25 to perform the wire but I guess I will make that up in the long run! When I got home a little later, the funds were in my account ready for me to start trading.
I invested in a couple different companies today and the process was very easy. I first went to the Stock and EFT link and I was able to find step by step directions that told me what each term meant. This was very helpful because I am new to the game and didn’t know a term, but had it all listed there for me. It was basically dummy proof so that you can’t mess anything up.
When I decided on how many shares I wanted to buy I entered the data into the form and clicked preview order. I then had looked it over and it was all done within 2 minutes of starting! TradeKing was the perfect choice of investment companies and I am very glad I chose them! I would recommend them to anyone looking for an investment company.
Tradeking sucks the big ol Hog Nightly. Website is always down or I get “request can not be processed” message. If I do manage to get logged on, balances are either 0 or double what they are supposed to be, can never trade the amount in your account because they dont keep accurate balances. I think I need to pull my wang out the this chicks butt soon and get a different broker.
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before I sign up, Please suggest me how I have to do if I want registered, and explain to me how these investments work and how much of this investment is the cheapest price
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