I use an autotrade program on one of my Tradeking accounts, and the last two trades have been very weak in comparison to the other brokers. For instance, + 0.47% for Tradeking vs. 1.70% to 2.27% for the other brokers. Has anyone else used Tradeking, what is your experience? I am unfamiliar with how market orders get filled. Is it faster with other brokers because they have better software or hardware? Any recommendations. I am using retirement funds, so I gotta stick with basic longs, ETFs and options. What is a good broker for this type of trading?
Hi, I did use Tradeking when I first started trading because their commissions were low. However, I realized that it was not really worth it. The amount of time it took me to place an order and/or change it was so big that I lost more in timing than the amount I saved in getting in/out of a trade. Try some other broker: options xpress or think or swim
Thinkorswim and options express were two of the others I was comparing Tradeking to, and they both were better at filling orders. Thanks for the feedback. I just opened an account with Thinkorswim, and they may just get all my Tradeking $. I'll see how it goes.