Difficulty logging in, valid trades being denied and recently I couldn't even sell bonds on-line at all because of some bug and I would have to waste time calling them on the phone which goes against the whole purpose of online broker services. Ally seems to be way over their heads in the investing realm. I'm in the process of transferring out my account since i've had enough dealing with them. Log in to your Ally Invest account and manage your online stock and options trades. Gain access to research, tools, calculators, educational content, and more.
Claim your listing for free to respond to reviews, update your profile and manage your listing. Share on Twitter. Add a note optional - e. TradeKing Is this your business? Write a Review Ask a Question. Ratings On Other Platforms Trustpilot.
Corporate Values. Overview TradeKing has a consumer rating of 2. View ratings trends. Top Positive Review. Top Critical Review. Rating 5 stars 1. Other Verified purchase. Verified site experience. Contains image or video. English only. Kris P. Comment Thank you Respond as company Share Helpful 0.
James M. Dave T. Andrew S. Both platforms are available on PC and mobile devices. When you apply for registering an account, you can open ForexTrader or MetaTrader. It will also allow you to increase flexibility and diversification. Forex Premium Charting is professional tools for identification and analysis of forex models and trends. Ally Invest offers a full set of tools for trading that will help traders to make investment decisions:.
Streaming Charts is six charts with more than 90 graphic studies and drawing tools for analyzing the effectiveness of securities. Market and company overview provides market statistics, news, detailed indicators and assessments of specific companies. Watchlists is a customizable list for tracking and viewing the market data by groups of securities.
You can also see how the result varies depending on volatility and time fluctuations. Educational resources contain information starting from main forex principles and futures trading to technical and fundamental analysis. There is also a glossary. Moreover, Ally Invest offers professional training course for a fee. The easiest way to deposit funds is via a bank card. That way the money is credited instantly. Depositing via bank transfer takes from one to two working days.
Replenishment via ACN takes up to five working days; via check, from 5 to 10 working days. Rating Forex Broker. Oil Brokers. Brokers Reviews. Closed Brokers. TradeKing review. How does Ally Invest operate? There is no commission for forex trading. Ally Invest managed accounts This service enables creation of professionally designed and personalized portfolios that are tailored to traders' needs. Analytical tools and educational materials Ally Invest offers a full set of tools for trading that will help traders to make investment decisions: Streaming Charts is six charts with more than 90 graphic studies and drawing tools for analyzing the effectiveness of securities.
Payment methods The easiest way to deposit funds is via a bank card. In addition, Ally Invest clients can use the services provided by Ally Bank. Disadvantages: There is no representative office that a client can visit; Account replenishment can take a long time. Add comment Interested in other brokers? Author of TradeKing: Sumatupang Date TradeKing broker is profitable for me.
As I can deal with stable MT4 platforms and my orders are executed instantly. Also, this broker has a nice payment service so far. Author of TradeKing: Timothy Date Almost everything at TradeKing is great. They have no minimum initial deposit, they are regulated, and the spreads are low.
But my main complaint is their customer service. Their representatives are very slow in responding even through the live chat. Sometimes, I end up just closing the chat because I have been waiting for too long already yet nobody still attends to me.
Author of TradeKing: Arlando Date Everything was going properly until last week I was suffering from my trading. The platform is confusing and crashing too often.
We will outline this in more detail a little later. It also might not be very good for mutual funds traders since the options are limited and the fees are higher than at some places. This is a great selection and whether you like to stay within the commonly defined lines or stray outside them in search of greater profits by trading more exotic instruments, you will be catered to at TradeKing.
This is truly a global platform which will suit every type of traders from newbie to advanced. It is not an exhaustive list, and fees can change over time. While we make every effort to keep this information up -to-date, always double check the fees before trading. Note: There are no setup, maintenance, or annual fees for either IRA or taxable brokerage accounts. For mutual funds and bond traders, the fees are some of the least competitive.
Remember when using this platform that connectivity can affect the way it functions, so be sure your connection is excellent before using it. That said, the platform itself is extremely easy to use and after poking around for a couple of minutes you will feel totally at home, even as a beginner trader. One of the things we like best about it is that everything important can be found in one place, which is the dashboard, which, along with other elements of the platforms, is totally customizable.
You can set your dashboard up just the way you want it , meaning the most relevant information will appear each time. This will allow you to change various things including the modules windows you see when you first log in. For example, you can edit your watchlist and change its position on your main screen. Navigating around the platform to various section is also easy, and you will see a menu at the top with the main category tabs such as the D ashboard, Accounts, Research, Education, and Tools.
Click once on any of these and you will see a drop-down menu with various options. It is extremely easy to use and runs very well with no jumps, breaks, or freezes. The design itself is quite visually attractive. There are actually two themes , being a light and dark respectively, and the contrast between the buttons, important information, and background is great.
You can also drag and drop the boxes, as well as add and remove them, making the platform your own. As touched on in the previous section, the main hub is customizable and you can drag and drop, cut, edit, and add windows to suit your trading style and the information you want to see. Being able to customize saves time. Since most people today are connected to the web via phone or tablet, it makes sense that TradeKing would have a mobile trading app.
On the mobile platform, you will have a full range of functionality including the ability to trade stocks, options, mutual funds, and other securities. Charting is available - you can zoom in and out to change the view using touchscreen devices just as you would zoom in or out of a picture, for example. That makes charting quite easily manageable even on a smaller resolution. In terms of information, you can see the biggest equity movers, how each major indices is performing, and you can set up your own watchlist to keep track of the securities you are interested in.
You can also access stock analysis pages and reports , and use most of the tools you need to make sound decisions see the unique features section below for a description of these tools. You can also get streaming quotes in real time and can set up alerts so that when price limits are reached, you can find out fast. We still prefer trading through the live desktop platform, since mobile phones with their smaller screens can take away from the experience and when using tools and charts, can be a little harder to use.
One thing we will say is that no tool is perfectly accurate and these tools can not and should not substitute doing your own research and placing trades manually where possible. Once you are ready to make some trades, simply log in and navigate to the TradeKing Live section of the module.
You will then see a menu with home with all of your customized windows , and dashboard, accounts, education, etc along the top menu. You need to go to dashboard , where you will see your charts, watchlist, options chains, open trades, etc. This is where the trading is done. You can search for securities by symbol and bring up current prices, charts, etc. At this point, you are ready to place an order. It is all very simple and easy and again, customizable.
Placing an actual order can be done almost anywhere in the dashboard. You will then have to click preview order, then confirm by clicking confirm order. All of this can take less than five seconds. All orders will be filled at the National Best Bid and Offer. That is a TradeKing guarantee. Order filling is easy and takes just a few steps. We like how simple the forms are, and that you can get an order placed very quickly after logging into the account.
The charts on TradeKing are very good as compared to some competitor platform, with lots of different options in terms of chart types and the information which can be plotted on them. Charts are available in candlestick, bar, and line forms, and the size of the candles can be changed to suit your research.
You can also plot a number of technical indicators and studies such as the 50 day moving average on the chart. You can even change the color of the studies when plotted on the chart and plot multiple data pieces at once. You can jump from minutes then weekly to monthly. TradeKing is unable to confirm if there is any delay in the charts but claim that it is real-time and the charts are down to the second, provided your connection is good. The research options available before making trades are good, but not the very best we have ever encountered.
You can access market and company snapshots to build a quick overview of market conditions and individual companies, can build customized watchlists to keep an eye on real-time price movements, can get quotes both historical and current, can access pro-level technical analysis, and can make use of the excellent charts. The tools available here are good, but not the most advanced we have seen and there is little in the way of professional research reports such as MorningStar. They are, however, bug-free, high quality, and will be more than enough to serve most traders purposes.
TradeKing is renowned for having world-class customer support. Quick responses combined with a professional team which knows its product is what most people want, and at TradeKing, that is what you get. In fact, from through , TradeKing was ranked 1 by Smart Money broker survey in this department. You can get in touch via phone, e-mail, and live chat, but the only downside is the team is only available between - ET from Monday to Friday.
We found the TradeKing customer service to live up to its expectations, and it was actually enjoyable to deal with the customer service team. The education section is one of the main reasons we recommend TradeKing for beginner traders or anyone who still feels they have more to learn. The educational section of the site is fantastic and has very few rivals even in the same league. You can learn just about anything related to trading across a vast spectrum of markets and securities, and it is all categorized according to level of experience, security , and overall market outlook.
The platform allows Forex to be traded just as you would trade options, equities and futures. It also supports more than 70 currency pairs, allowing experienced currency traders the option to try something new, and beginners to trade on the most common pairs. Some technical indicators are available to help you establish when the best possible time to make a trade is, while for the more experienced trader, the Prophet tool can help estimate the future performance of a currency pair.
When it comes to pricing, TD Ameritrade is relatively straightforward. The thinkorswim mobile app allows for trading on the go, while trade desk associates are on hand to assist day and night. The platform offers 23 trading currencies and includes a wide variety of tools to help monitor and analyze the 86 currency pairs. There are over 90 technical indicators too, all available to help you track currency performance either against another currency or an index.
In terms of price, Interactive Brokers charges a commission as a percentage of each trade you make. It uses a tiered structure, and if you trade less than 1,,, units a month, you pay 0. When you trade higher volumes, that commission decreases. At the lowest level, you pay 0. Interactive Brokers also has some of the lowest spreads around, and sometimes with no markups at all. Ally Invest brings with it forex trading platforms that are customizable and easy to use, making it a good option for beginners and experienced traders alike.
Advanced investors are likely to benefit the most from the more sophisticated options available through the MetaTrader 4 platform, including systematic strategy programming and trading direct from the charts. Meanwhile, novice traders can make use of the practice trading account to get themselves up to speed before taking the plunge for real. Everyone is likely to find value in the research, economic calendar and real-time news that is on offer, while Ally also offers excellent pricing, with no commissions on any trades - it makes its money from markups on the spread instead.
Trades can be placed and funds added through the app, with any changes made automatically synced with the desktop platform. There's all the news from the other platforms too, and real-time trade alerts. That said, there's much for more experienced forex traders to like too, particularly if the need to trade strikes when you're away from your desktop. It also means you're not risking several thousand dollars in the early stages of your forex trading career with a broker which requires you to trade in increments of 1, units.
There are over 65 technical indicators on which to base your trading decisions - this may be fewer than on many other platforms, but all the standard options that are useful for beginners are present. The one drawback for beginners is there aren't many tutorials or other educational resources, but if you have a basic forex trading knowledge and just want to get started, OANDA offers a great option. Nadex is an exchange that allows forex trading to be conducted via binary options, call spreads and knock-outs, making it an excellent option for currency traders looking for something a little different.
There's only one trading platform through which to place your trades, but it's simple to master, and accompanied by a demo account should you wish to try before you sign up. Knowing that what it offers is slightly out of the norm, Nadex goes to great lengths to explain all the various trading options in great depth. And if you're still concerned about picking up the machinations of the platform, there's step-by-step guidance on site, and video tutorials, to help you through.
Where it lacks somewhat is in the number of currency pairs on offer and the range of technical indicators on show. However, if you know your way around forex, and want a different avenue through which to trade, Nadex is certainly worth a look.
Forex trading involves the buying and selling of currencies, and is the largest and the most liquid market in the world. Forex operates 24 hours a day, five days a week, and it has no single, centralized market. When you make a forex trade, you are buying and selling currency and, in essence, betting on the fluctuations in their exchange rates. For example, if you were to buy Euros when the conversion rate is 1.
Currency is usually traded in lots of varying sizes. A standard lot is , units of a currency, a mini lot is 10, units, and a micro lot is 1, units. A few forex brokers may offer nano lots, which are only units, but typically traders buy in larger amounts. Usually currency pairs are quoted out to the fourth decimal, and a pip is the change in the last number.
When pips are magnified by the size of lot, that is where the opportunity to profit emerges. As the changes in currencies are usually very small, it might seem that forex trading will only be profitable for institutions or investors that can afford to buy large lots. However, this is where leverage comes in. Typically, a forex broker will offer you a margin account which can magnify the amount you have available. The ratio of the amount you borrow on margin and the amount you deposit is the leverage.
Regulations mean that U. As with all types of investments, there are many different forex trading strategies. The breakout strategy, for instance, involves trying to identify when a trend might be forming, and looking for "price breakouts" that go beyond the boundaries where it normally moves. If the breakout is the start of a new trend and you're onboard, then you stand to make some money.
A margin call may be satisfied by the prompt deposit of cash or additional acceptable securities. While most call notices are delivered with a three-day response time, TradeKing retains the right to require additional margin in any amount and in any time frame considered prudent. TradeKing's determinations are based on market conditions, concentration in one or more securities and other relevant factors. If you do not meet a margin call, TradeKing may liquidate securities in the account to the extent necessary to satisfy the call.
TradeKing can sell your securities or other assets without contacting you. TradeKing may attempt to notify you of margin calls but is not required to do so. However, even if TradeKing has contacted you and provided a specific date by which you must meet a margin call, TradeKing can still take necessary steps to protect its financial interests, including immediately selling the securities without notice to you.
Currency is usually traded in lots of varying sizes. A standard lot is , units of a currency, a mini lot is 10, units, and a micro lot is 1, units. A few forex brokers may offer nano lots, which are only units, but typically traders buy in larger amounts.
Usually currency pairs are quoted out to the fourth decimal, and a pip is the change in the last number. When pips are magnified by the size of lot, that is where the opportunity to profit emerges. As the changes in currencies are usually very small, it might seem that forex trading will only be profitable for institutions or investors that can afford to buy large lots.
However, this is where leverage comes in. Typically, a forex broker will offer you a margin account which can magnify the amount you have available. The ratio of the amount you borrow on margin and the amount you deposit is the leverage. Regulations mean that U. As with all types of investments, there are many different forex trading strategies.
The breakout strategy, for instance, involves trying to identify when a trend might be forming, and looking for "price breakouts" that go beyond the boundaries where it normally moves. If the breakout is the start of a new trend and you're onboard, then you stand to make some money. More advanced strategies include carry trades, where investors look to profit from the difference in yield between two currencies, and not just the conversion rates.
Most brokers offer demo accounts on which traders can practice, which will include tools that allow you to backtest your strategies. The trading platform and the tools on offer are vital considerations when choosing a forex broker.
When making our choice of the best forex brokers, reviewers tested the platform demos on offer and the mobile apps that can be downloaded, looking for platforms that are easy to use and provide analytic tools to help maximize trading performance. The best forex trading platforms will let you create multiple watchlists to track different groups of currencies, while some only allow for one or provide a single pre-made watchlist. Some platforms provide the option to create alerts that will notify you when a currency pair reaches a certain price or meets some other criteria.
Ideally, these will be email or text alerts, although some brokers only offer notifications inside the platform. There also others that have no alert options at all. The best forex brokers will also provide charting tools to help you track the performance of a currency pair.
These tools include technical indicators, a crucial part of planning and executing any trading strategy. This is the markup a broker applies and is derived from the difference between the bid or selling price and the ask or buying price. The spread is usually the difference in the last two decimal places of the exchange rates.
Forex brokers refer to this difference as pips. Some brokerages charge commissions on each trade. These brokerages often have tighter spreads but may be better for higher volume traders. Commission-based brokers also tend to require the highest initial deposits. Investment education and platform training is essential to be a successful forex trader. Keeping on top of events in the markets and the countries where you're trading is essential too.
The best forex brokers will have weekly webinars on their sites and regularly updated blogs that provide insight and context on the forex markets, and the factors that influence them. There might also be explanations of trading strategies and latest thinking as to how to exploit the currency markets for profit. A forex signal is a notification or suggestion to enter a trade, usually when a currency pair reaches a certain price at a certain time.
Forex signals are either generated by an analyst or an algorithm and, besides price and time, there are a variety of technical indicators to pay attention to as well. Forex signal services can be free or subscription-based, but most are geared toward short-term trades and not long-term trading strategies. Many forex signal services promise results, but the market is constantly shifting, and forex is especially susceptible to global events - it is vital to consider that promised results won't always come to fruition.
Be very wary of any service that makes guarantees about profits. Traders can choose between manual and automated signals. A manual signal requires the trader to place the trade himself or herself, whereas automated signals can integrate with your broker's platform and fill the trade automatically. While most forex signal services with automated trading require a subscription, many will also offer a free or reduced price trial period, so you can try the service and see if it works for you.
As a result, he has an excellent knowledge of almost areas of personal finance and, in particular, the retirement, investment, protection, mortgage and savings sectors. TD Ameritrade. Reasons to avoid - Some expertise needed to use all features.