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I opened up a TradeKing IRA recently (admittedly just because I wanted to check it out to see if I’d feel good recommending it for the aff program).
Answer: It’s awesome. Granted, all I do with it is buy Vanguard ETFs. But I really like it so far. (And all told, because of the small commissions, and the ETFs’ lower expense ratios, it costs less than using the regular open-ended Vanguard index funds.) 🙂
I’ve been trading with TradeKing for about a year and a half now, and have been extremely happy with it. About this only thing I don’t like about it is because of an obnoxious login process, you can’t link it up with financial sites like Mint or Cake, which is something you can do with just about any other online brokerage in the country.
I currently use Etrade and I wanted to open up a Tradeking account for the lower commission. Which, there is a little fine print regarding that lower commission, beware if you want to buy anything under $1. Also I second the login being obnoxious. Lastly if you want to move money in or out of the account I wouldn’t recommend using anything other than a Wiretransfer, unless you don’t mind going long periods of time without access to your cash (but that is the same with most banks I guess).