Surely, the information that I am about to share to you will be able to excite you – especially if you are looking for reliable penny stock brokers. TradeKing is currently offering those who will be opening an account with them within the month of August 2011 a $100 sign up bonus. This is great news to those who want to get additional funds that can be used for investments. This is open to those who are new to the industry as well as those who already have accounts with other brokers. This opportunity does not come quite often therefore I urge you to grab it while you still have the chance.

In order to jump start the process of claiming the bonus, simply click on the TradeKing promotional code that you see on the page. However it is not as simple as that. There are requirements that you would need to meet so that you will be qualified to claim the bonus. Once you have already opened an account, you have 30 days to fund it with $2,500. That amount of money should also be maintained in the account for six months and nothing less. You also should be able to place your trade at least three times within 180 days since account opening. Only those who are bona-fide residents of the US can participate in this promo. Aside from that, only one person per household will be allowed to join. There is a lot of time to prepare so there is no need for you to panic.

On the other hand, if you want to simply transfer from your old broker to TradeKing. The latter will welcome you with a $150 reimbursement in exchange for all the fees that you were made to pay by the former. In order to process the reimbursement for the exit fees, mail or fax Account Transfer and Transfer Reimbursement Forms to TradeKing to the fax number to (866)699-0563. You would need to support these forms with the help of the most recent statement from your old broker as well as documents that prove that you have paid the exit fees.

Almost all stock brokers would claim to give investment advice to their clients.  This is probably true.  But the thing is, anyone can give advice, especially in the matters of stock market investing.  What you need to be careful of is where their motivation comes from in this.  This is what I will talk about in this post.

You see, stock brokers make their money when you buy or sell something.  In the long run, you can’t sell more than you buy so they will lean toward selling you stocks.  That is why analysts for stock brokerages generally have more buy signals than to sell.  There’s actually a lot more going on there than you might think.

Many stock brokerages are also investment banks.  That means they work with companies to underwrite their stock issues.  That means these corporations are clients of these firms.  This is going to sway the analysts at this firm on how to value this stock.  They are not going to recommend a sell for a stock they are issuing.  That won’t make them any money and it won’t win the approval of their clients either.

Basically, if you want unbiased investing advice, you might want to look at getting a fee only adviser.  They will usually start you out on basics of how to invest in the stock market if you are a beginner.  They will focus on long term investing and optimizing your returns for retirement.

Financial advisers who only work for fees will generally also give you a comprehensive picture of your finances.  Then they will help you make good decisions looking at that picture, not just give you individual stock tips.  Companies that have advisers like this include Ameriprise and Edward Jones financial advisers.  If I were new to the stock market investing world and I needed a lot of rookie advice, I would go to one of these.