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TradeKing

tradeking.com

Founded Year

2005

Stage

Acquired | Acquired

Total Raised

$11M

Valuation

$0000 

About TradeKing

TradeKing is a nationally licensed online broker dealer offering simple, low flat fees with no hidden fees or account minimums.

Headquarters Location

11605 N Community House Rd Third Floor

Charlotte, North Carolina, 28277,

United States

877-495-5464

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Research containing TradeKing

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned TradeKing in 1 CB Insights research brief, most recently on Jun 25, 2020.

Expert Collections containing TradeKing

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TradeKing is included in 3 Expert Collections, including Wealth Tech.

W

Wealth Tech

2,018 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

C

Capital Markets Tech

844 items

Companies in this collection provide software and/or services to institutions participating in primary and secondary capital markets: institutional investors, hedge funds, asset managers, investment banks, and companies.

F

Fintech

7,985 items

US-based companies

TradeKing Patents

TradeKing has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/25/2009

6/11/2013

Financial markets, Derivatives (finance), Foreign exchange market, Futures exchanges, Stock market

Grant

Application Date

6/25/2009

Grant Date

6/11/2013

Title

Related Topics

Financial markets, Derivatives (finance), Foreign exchange market, Futures exchanges, Stock market

Status

Grant

Latest TradeKing News

PayPal might rival Robinhood in stock trading

Aug 31, 2021

PayPal might rival Robinhood in stock trading After establishing bitcoin trading services last year, PayPal is apparently looking into ways to offer stock trading. According to CNBC, PayPal is trying to buy or collaborate with a broker-dealer to launch its own stock trading service to compete with rivals such as crypto-friendly stock trading software Robinhood. According to the report, PayPal has held pertinent negotiations with possible industry competitors but is unlikely to launch the new investment service this year, citing unnamed sources. According to CNBC, the Financial Industry Regulatory Authority might take more than eight months to approve PayPal as a brokerage firm. Image Source: Cointelegraph PayPal has already hired brokerage industry veteran Rich Hagen as the new CEO of its previously undisclosed division known as “Invest at PayPal,” according to Hagen’s LinkedIn page. The exec will be in charge of PayPal’s “efforts to explore opportunities in the consumer investment business,” according to Hagen’s LinkedIn page. Image Source: Alt fi Hagen was the former president and co-founder of Ally Invest, a licensed brokerage firm that acquired TradeKing in 2016. Formerly the president of TradeKing, a company he co-founded in 2005, the new PayPal leader held that position. According to reports, PayPal’s prospective intention to launch a stock trading service is in keeping with CEO Dan Schulman’s long-term ambition of expanding the company’s financial services to include “investment capabilities.” PayPal’s product visions were previously revealed by the CEO during the company’s investor day in February. Robinhood, a stock and cryptocurrency trading app popular among millennials, has been accused of using aggressive marketing practices to attract inexperienced traders, including the use of “gamification strategies to manipulate clients.” PayPal shares rose 3.6 percent following the news, while Robinhood’s HOOD stock fell more than 6%. Earlier this month, Robinhood announced that cryptocurrency trading has grown significantly in popularity on its platform this year, accounting for 41% of its income in Q2 2021. Over the last year, we’ve seen a frenetic attack on the stock market by individual investors, resulting in record highs (and lows) and the creation of “meme stocks,” and it appears that PayPal is hoping to get in on the action. PayPal has yet to respond to a request for comment. Furthermore, PayPal is competing on multiple fronts with competitors such as Revolut and Square’s Cash app. Square Inc., the payments business established and led by Twitter CEO Jack Dorsey, introduced a free stock trading service in 2019 and was granted a coveted license to trade cryptocurrencies in New York last year. If you find this article informative then do share it with your friends and family!

TradeKing Frequently Asked Questions (FAQ)

  • When was TradeKing founded?

    TradeKing was founded in 2005.

  • Where is TradeKing's headquarters?

    TradeKing's headquarters is located at 11605 N Community House Rd, Charlotte.

  • What is TradeKing's latest funding round?

    TradeKing's latest funding round is Acquired.

  • How much did TradeKing raise?

    TradeKing raised a total of $11M.

  • Who are the investors of TradeKing?

    Investors of TradeKing include Ally Financial, OCA Ventures, MMP International and Battery Ventures.

  • Who are TradeKing's competitors?

    Competitors of TradeKing include Robinhood and 2 more.

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