Trading stock online is something I was not real certain about doing and after dealing with one brokerage firm, I was almost sure it wasn’t for me. The website was difficult to navigate and that made it hard to add to my portfolio. Then a friend told me they tried TradeKing and it was the best move they had made in years. So, I decided I would try it, since day trading on the Internet is what everyone is doing now and getting the best prices to buy and sell.

How I Learned About the Advantages

I signed up for free and opening the account I looked around the site, page after page with no problems. That was a good sign and then I looked at the benefits of being a TradeKing customer such as

• The fact that their website does not go down, even when most customers are logged on during market crashes it doesn’t slow down to a crawl. That is really important for anyone holding stocks or wanting to sell at the right price.

• The inexpensive trades, stocks, options and ETF’s, plus the fact that if I cannot be at the computer I can have a broker handle the transaction. If I am at the computer, I can have all the excitement by doing my own stock buying and selling.

• The research tools are found on many sites but not as easy to navigate as they are at TradeKing or maybe I just like everything about the brokerage firm.

Tax Benefits and Other Good Things for Day Traders

There are just so many good things about using this brokerage firm, like the fast execution, which the stock broker is obligated to offer at the best price for customers but there is smart routing. Then there is the promise that if the broker is unable to purchase or sell stocks for the customer at the best price that is available the transaction is free.

Then they make it easy at tax time, with the automatic Schedule D generation and the ability to track cost basis for all securities and transactions real time. There are other advantages in the TradeKing Maxit Tax Manager, like the ability to adjust for mergers, splits and spin offs automatically and automatically handle wash sales. Then at the touch of a button there is unrealized and realized gains and losses information available. This is all free when you have an account at TradeKing, unlike the usual importing and exporting that goes on during tax time that costs money.

Saving Money and Making Good Choices

There are so many benefits with this brokerage firm I am always amazed and I learn about more advantages every day like their margin rates that are consistently the lowest in the industry. Add this in with things like their fast execution and smart routing and it is a great brokerage firm to deal with as a day trader. This all makes it so easy and at TradeKing even the new trader can make good stock buys and sales without all the worry, of the website being slow or not being able to navigate the site. There is nothing worse when being your own broker than to be confused using the website, this can cost money and lost opportunities and it does happen at other brokerage firms, where the day trader has any freedom to watch over their own account instead of the broker handling it all for them. TradeKing has my vote for the best brokerage firm and best website and I am not the only one, since they have been featured in Baron’s, SmartMoney and other financial magazines.