Pros: Supportive trading platform
Trade King will cover transfer fees up to $150! This is awesome. As an experienced trader I’m sometimes leery of switching Forex providers because I hate paying those transfer fees. Trade King will do you a solid and cover it themselves.
"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. 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."
"While some brokers like ATC Brokers have initial investment requirements as high as $5,000, you can start trading forex on
TradeKing's platform as little as $500. The low minimum and ability to trade micro lots play well with the novice investors.
Add in pricing spreads as low as 1 pip and it's easy to see why TradeKing Forex is great for the budget-minded investors with a
smaller bankroll. Advanced traders ca take advantage of the Expert Advisors (EA) strategy
within the MT4 platform. Traders program EAs to analyze the market for opportunities to automate
trading decisions and set risk management criteria."
"The main trading platform offered by this broker is the TradeKing ForexTrader. Our reviewers downloaded available demo
accounts so we could compare this platform with those of other forex brokers. TradeKing’s platform did not compare favorably
with some of the others. It lacks some of the usability features we look for in a forex trading platforms. The charting tools
have few options for adjusting the charts, and you cannot compare different symbols with each other. The main dashboard
isn’t customizable and you can’t adjust the settings of the default windows. The demo account doesn’t allow the creation
of alerts, so our reviewers were unable to test that feature."