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PlaceTrade Promotion Code

By on October 15, 2012

If you're going to open a new account with PlaceTrade, make sure you claim the PlaceTrade promotion code listed below!

Latest PlaceTrade Promo Code

[Valid In 2012]:

Click below to claim promotion code


 Basic PlaceTrade Review:

PlaceTrade is a discount brokerage firm offering full service all around the world from your choice of over 100 market centers in 20 countries. They offer a large range of investment services that are all accessible through one account. This setup allows them to offer as much or as little assistance as the customer needs.

Fees and commissions

At PlaceTrade, stocks cost $0.01 per share with a $2.95 minimum. ETFs are also $0.01. Broker assisted and full service orders start at $15/each. The minimum deposit required to open a PlaceTrade account is $5,000 for an individual account and $3,000 for IRA accounts.

Account features

While cost is certainly a point to consider, it's the service and features a company offers that typically win over a loyal fan base. Among the PlaceTrade account features are a deep discounted commission structure, along with some of the market's lowest margin rates. They also boast of having the best execution (via IB SmartRouting) which seeks out the best firm stock, option and combination prices when you place your order, then seeks to immediately place your order electronically.

Trading platforms

With multiple trading platforms, including a clean, simple interfaced WebTrader, a more sophisticated PlaceTrader Workstation that speeds up your trading speed and makes you more effective with a spreadsheet interface or an on-the-go mobile solution for the iPhone, TWS for the Blackberry and MobileTrader, there's a way to get trades done for any type of trader.

Customization

For those who like to tweak and perfect their trading apps, TWS is completely customizable. Its global configuration settings allow you to set the default and change details on all of the TWS windows. With the page layout, you have control over your trading pages and you can hide or display features as you see fit.

Truly considered a one-stop financial store, this discount broker is a great starting spot for the beginner or an excellent spot for the more experienced trader to hang his or her hat.

Have you used PlaceTrade before? Add your own PlaceTrade review and rating here.

 

About Peter Voga

Self-confessed coffee addict. Family man. Rage Against The Machine fan. Lover (and sometimes hater) of the stock market. Founder of BrokerChats. For more, follow me @petervoga or check me out on Facebook or Google+.

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