TradeKing Advisors Review
TradeKing Advisors could be worth checking out when you are in need of an investment manager that is professional. It also has a very low fee and a minimum deposit. Its service isn't much different or unique as compared to other robo-advisors, but could be more of a fit if you like to occasionally try your hand at picking stocks since it's part of a discount brokerage.
They offer two different portfolio types: Core and Momentum.
Core Portfolios only trade classic ETF/ETNs (exchange traded funds / notes) representing various asset classes and requires just a $500 minimum investment.
Momentum Portfolios are more actively traded and is rebalanced every month based on market conditions and requires a $5000 minimum investment.
You can also choose between five different portfolio allocations based on your risk:reward tolerance - Conservative, Moderate, Moderate Growth, Growth, and Aggressive Growth.
Only ETFs are traded to maintain diversification and minimize fees, and include funds that invest in both real estate and commodities.
Assets Under Management$8.3 Million
Number of Users400
|Account Value||Annual Fee|
|Single Stock Diversification|
|Tax Loss Harvesting|
Supported Account Types
|Roth IRA Accounts|
|SEP IRA Accounts|
|529 Plan Accounts|
TradeKing Advisors Reviews
TradeKing Advisors is a platform well worth investigating if you're looking for professional investment management at a very low fee and $500 deposit minimum. Though the service is not unique compared to other robo-advisors, it's suitable for investors who like to also pick their own stocks. For years, TradeKing has been recognized as one of the best discount brokerages out there. TradeKing is inexpensive, and offers a number of tools aimed at helping investors make the most of their money.
For active investors seeking low-cost trades (plus no hidden fees) and above-average trading tools, TradeKing provides the kind of service you’d expect from a much pricier, high-minimum platform. Options traders in particular will appreciate its strong selection of options and its inexpensive (and easy-to-calculate) flat-fee commission schedule. Cost-conscious active traders may be surprised at how much they can get for so little at TradeKing.