Comments on: TradeKing vs Scottrade – Online Stock Trading Comparison

By: Frank

Frank — Tue, 29 Dec 2009 02:47:15 +0000

The major difference between scottrade and tradeking is that scottrade DOES NOT offer dividend reinvestment on stocks, but do for mutual funds. Tradeking does offer dividend reinvestment

By: Jay

Jay — Tue, 01 Dec 2009 11:57:25 +0000

I am a thinking of taking a slow moving mutual fund investment of 8K and trying to make something happen on my own. I am in the process of trying to learn a bit about online brokerring. Anyone have any advice for me?

By: Investing School

Investing School — Sat, 10 Oct 2009 21:52:42 +0000

Thanks for the good info and it highlights that everyone definitely have their own opinion and experiences with each stock broker. It’s interesting that you are having such a terrible experience with TradeKing when most people love their customer service. Could you give us any specific examples so we can all benefit from your experience?

By: Brian

Brian — Sat, 10 Oct 2009 21:37:38 +0000

I’ve used Tradeking and Scottrade for years. Tradeking is slightly cheaper for trades but their customer service is TERRIBLE. My experience is that they are the ghetto of investing. Want to talk to unhappy company reps who try to get you off the phone as quickly as possible, with a crappy attitude. Want to get 5 different answers to the same question with no resolution? Want to waste hours/days of your life with morons when you could be making money (thanks Randy Grossman | Tradeking Supervisor – Customer Identification Program)?

Tradeking does NOT care about its customers. Scottrade bends over backwards for their customers and treat even smaller accounts like “Kings”. Do you want to create a long term relationship and be valued or do you want to save a couple dollars?

Once again, this is just my experience from more than 10 years with Scottrade and more than 5 years with Tradeking (I recently moved everything to Scottrade).

By: Free Polazzo

Free Polazzo — Sun, 12 Jul 2009 20:00:48 +0000

Amber,

Thanks for your opionion on Scottrader v. Trade King.

Did you have any problems with Trade King when you switched over?

Thanks,

Free

By: Deryl

Deryl — Wed, 01 Jul 2009 19:37:40 +0000

So…
Who was the winner, Tradeking or Scottrade? I am looking at both. Tradeking uses Recognia for their pattern recognition software, did you compare that with Scottrade’s Elite system?

By: Amber

Amber — Sat, 06 Jun 2009 20:46:29 +0000

I am a Scottrade customer and currently testing TradeKing for my needs. I never used those platforms so other than getting used to the new interfaces, the two are very similar.

Of course, the reason why I’m thinking of changing is the slightly lower trading commissions which add up over time.

Give it another week and if there are still no problems, I will switch and take advantage of the reimbursement.