TradeKing Forex Review


TradeKing Forex is part of the TradeKing Group which was established in 2005 and is domiciled in Fort Lauderdale, Florida. TradeKing Forex was added to the TradeKing lineup after establishing the need to add Forex to its list of trading products and subsequently acquiring MB, a U.S. based futures and Forex broker.

Under TradeKing Forex, Trade MB Trading Desktop Pro clients will be migrated to the TradeKing ForexTrader platform and MetaTrader 4 account balances will be moved to a new TradeKing Forex MetaTrader 4 server.

All migrated MB Trading Desktop Pro account holders can familiarize themselves to the new platforms by opening a practice account with TradeKing Forex with $50,000 in virtual funds . No fees of any kind are charged for this access, nor is there a minimum balance to maintain for cash and retirement accounts.

A full explanation of the ramifications of the migration can be found in the FAQ section of the TradeKing Forex website.

TradeKing Forex
TradeKing Forex Home Page


There are two basic trading accounts at TradeKing and they can be designated in several ways including individual, and IRA.  Mini accounts at TradeKing Forex require $500 to start and Standard accounts must start with at least  $2500.


TradeKing Forex offers tight spreads as low as 1-2 pips and even tighter with Forex Pro.Traders can choose from over 50 currency pairs including gold and silver in real time.

TradeKing ForexTrader charts powered by a third-party composite rate feed and deliver a comprehensive, platform-integrated technical analysis package. These charts include multiple indicators for advanced technical analysis and can be customized for individual preferences , including chart type, colors, intervals and more.

The daily, weekly and monthly charts offer unique modal candlesticks and modal bars, and traders can use more than 18 technical indicators such as simple and exponential Moving Averages, Bollinger Bands, Relative Strength Index (RSI), Parabolic SAR, Stochastics, MACD, GANN Lines, Keltner Channels and Fibonacci studies. They can also choose from 11 intervals, including 8 intra-day charts such as candlestick, line and bar.

Traders with accounts at TradeKing Forex can tap into a vast trader network through the TradeKing Trader Network and interact with over 75,000 fellow traders by sharing experiences, ideas and strategies for trading.  They can see what currencies are being traded, get insights from fellow traders and the pros, learn the reasoning behind specific trades and join the discussion on the trading forums.


At the time of this review there were no bonuses or promotions offered.


The education center is full of useful information about investments, investing styles and investing terms.  Traders can access educational material in the form of tutorial lessons on the basics of Forex trading, fundamental and technical analysis, calculating P&L and more.

Forex Insider provides traders with actionable analysis of news, events and technical levels that impact currency prices - as they happen. Updates are published up to 20 times an hour by senior traders and members of the experienced research team at Gain Capital. Forex Insider is available directly within the platform, allowing traders to act quickly.

Traders can also keep up on market developments with real-time, concise news headlines from Dow Jones Newswires, available on the TradeKing ForexTrader and MetaTrader 4 platforms.

There is also an economic calendar with key economic releases for the upcoming week. Traders can review the reactions of the currency markets to past events and see forecasts for the future.


Deposits can be made via bank wire, ACH transfer or credit cards. Checks are also acceptable and can be sent to their Florida and North Carolina addresses. Withdrawals are sent to the account holder by the same means.

Customer Support

TradeKing Forex offers superior customer support, 24 hours a day during market hours. For those who like the chat customer service option, live chat support is available 8 AM – 6 PM ET, Monday through Friday. They can also be contacted via social networks such as Twitter and Facebook.


TradeKing Forex and TradeKing are good choices in discount trading for both beginning and advanced traders. Their low prices and range of investment opportunities are attractive and its websites are user-friendly. The bonuses are attractive and customer support is easily available.

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The new TradeKing Forex site offers additional trading opportunities for TradeKing traders who up until now could not trade in the Forex markets.  TradeKingForex offers useful research information and analytical tools, and traders have access to educational resources and customer service when needed. There are many educational tools and charts and the choice of different trading platforms including a mobile platform adds to the attractiveness of this broker.  

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The main platform used at TraderKingForex is  MetaTrader4. This popular platform offers traders all the standard features and benefits of the MT4 platform as well as the use of Expert Advisors  that allow them to systematically program their own strategies as well as formulate and seamlessly execute these  strategies using Metaquotes Language 4.

In addition, with the TraderKingForex MT4 platform, traders can open, monitor and update an unlimited number of charts, set audio rate and indicator alerts and receive multi-lingual support –in 17 languages.

TradeKing Forex MetaTrader
TradeKing Forex MetaTrader

MetaTrader4 Mobile

TraderKingForex offers traders the ability to trade using their iPhones, Androids, pocket PCs and other smartphone devices. With the mobile platform, traders can place trades quickly and see open positions plotted on live charts, monitor their account information, use 30 technical indicators with live interactive charting, create a Watch list and set audio rate alerts.

TradeKing ForexTrader Desktop

TraderKing ForexTrader Desktop is a robust, feature-rich platform that offers a highly intuitive user interface, advanced customization features and a variety of professional trading tools.

Traders can customize their trading environment with pre-set layouts or create their own. They can spot trends in the market using advanced charting functionality, including more than 70 technical indicators, robust drawing tools and integrated order management features. Flip between multiple charts and trade setups, layer on technical studies, even visually track and trade directly on the charts.

They have access to 15 pre-defined automated trading strategies for real-time buy and sell signals and stay on top of the markets with Dow Jones Newswires, streaming commentary and the latest research.

ForexTrader Web

TradeKing ForexTrader Web is designed to run in a web browser environment. It supports multiple operating systems (including Macintosh) and web browsers, utilizes push technology to provide real-time quotes and instantaneous updates about your open positions, P&L, margin and account balances and is equipped with real-time quotes, charts, news, research and more.

TradeKing Forex trader
TradeKing Forex trader

TraderKing Forex Mobile

The TraderKing Forex Mobile platform offers robust trading capabilities, real-time news and commentary, charting tools and the capability to recieve price alerts and manage your account.


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TradeKing is an online stock broker that offers a variety of trading options offering traders managed portfolios, binary options as well as a full line of stocks, ETFs and mutual funds. Traders can also choose among a variety of fixed income and debt instruments including 10 different bond types and CDs (Certificates of Deposit) with a whole range of maturity dates. is an IB of Gain Capital. Investor’s money is protected by SIPC and additional third-party insurance.

TradeKing has one standard trading account. There is no minimum requirement for funding the account but at least $2000 is needed to open a margin-enabled account.

There is also an exclusive membership program that is open to clients with a combined account value of $25,000 and execute a total of 30 trades or more over 3 consecutive months. Some of the features of this account include priority call and email routing to the broker’s most experienced reps, no additional cost when placing a trade over the phone,  use of the premium streaming quote platform powered by Quotestream™, waived fees for 1099's, paper statements and trade confirmations, no wire transfer fees or overnight express fees for account deposits of $5,000 or more.

The main features at TradeKing account are the low costs--only $4.95 for stock and ETF trades with no account minimums. And option trades are just $4.95 plus 65 cents per contract, regardless of how many legs the strategy has.

Anyone opening an account gets instant access to their suite of research and trading tools, such as S&P Stock Reports, Maxit Tax Manager, Probability Calculator, Profit and Loss Calculator, Stock and Option Screeners, Technical Analysis Tools, and their new active trading platform, TradeKing LIVE at no additional cost.

Trading options at Tradeking is simple. They offer 19 different option chains, 14 of which are strategy-based. Traders can easily find bid, ask and midpoint quotes, implied volatility and delta for individual options, or for an entire strategy. Traders need only select the option or strategy they want to trade directly from the chain, and the order entry screen will be pre-populated for them.

TradeKing Services Home page
TradeKing Services Home page



The platform at TradeKing is actually the sole trading account and so whatever tools are listed are part and parcel of the actually trading platform. When you open your free TradeKing account, you'll get access to a treasure trove of stock trading tools. The Strategy Builder or Stock Screeners find stocks that meet your precise criteria. MarketGrader Research Reports reveal companies the analysts say have winning potential. Their Technical Analysis Tool lets you zero in on trade-able patterns in price charts, and the Maxit Tax Center helps you keep tabs on it all.


You can access TradeKing's online platform on your smart phone's web browser, or you can download apps for the iPhone or Android phone. You have access to your accounts and portfolio and you can create charts, watch lists, option chains and alerts. In terms of trading, you can complete standard stock trade and single or multi-leg options.

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General Information

Company Information

  • Broker's Name : TraderKing Forex
  • Headquarters : United States
  • Regulation :

Account Information

  • Type of Broker : No Dealing Desk
  • U.S. Clients Allowed :
  • Minimum Deposit : $500
  • Maximum Leverage : N/A
  • Commissions / Spreads : none
  • Account 1 : Mini
  • Account 2 : Standard
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : Proprietary platform, Web-based, Other
    • Platform Languages :
      • English
    • OS Compatibility :
      • Mobile
      • Web
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :
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