This offer has been extended through April 14th!
TradeKing  just sent out an email in which they’re offering $200 if you refer a friend to TradeKing – you get $100 and your friend get $100. This is twice what they used to do whenever they’d have refer a friend promotion like National Friendship Day  and $100 is a good amount of money. The typical stock trade at TradeKing is only $4.95 so this represents twenty free trades, in the form of cash. While twenty doesn’t sound as sexy as a hundred free trades that some other brokers offer, this is 20 free trades in cash and you shouldn’t feel compelled to use them.
You need to have a current TradeKing customer (you can email me  if you don’t know anyone) send a referral from within TradeKing’s referral form. Then, the new customer has to open a new account and deposit $1,000 within 30 days and make a trade within 180 days. Then, they must keep the funds in the account for at least 180 days. A stock trade cost $4.95 so this is really a $90.10 promotion ($100 minus $4.95 times 2) for the friend.
Offer expires April 14th, 2011.
Some terms & conditions:
New qualifying account must be opened within the dates of February 28, 2011 to March 31, 2011. New referred client must fund their account with a minimum of $1,000 within 30 days of opening the new account. New referred client must also execute at least one trade in the new account within 180 days of the account opening. The minimum funds of $1,000 must remain in the account (minus any trading losses) for a minimum of 180 days or the credit may be surrendered. Account types that don’t qualify include: traditional IRA, ROTH IRA, Rollover IRA, SEP IRA, Simple IRA, Solo 401K and Coverdell IRA. View complete Payment Rules and Eligibility Requirements for TradeKing’s Refer a Friend program