Comments on: TradeMONSTER Review

By: Anonymous

Anonymous — Tue, 06 Dec 2011 03:59:38 +0000

wow 9 replies. i just opened an account and after being on tos for the past two years this site looks like it was build in a coffe shop.
i can not even find how to adjust the font. com’on man. tos is not perfect, but at least i can see what i am doing. i trade 10-20 iron condors at a time and the comission really add up, so i am looking for a better price.

By: richard

richard — Wed, 08 Jun 2011 16:31:00 +0000

I opened 3 accounts totalling over $20,000. It took 2 days for a cancelled order to go back into my account. I moved my money to another broker. Trademonster RIPPED ME OFF for $400 on the transfer.

By: Bart

Bart — Fri, 30 Apr 2010 21:10:57 +0000

Nobody is cheaper than Interactive Brokers. Excellent tool for active traders. Enough power behind the platform to blow your leg off if you aren’t careful, though. And yes, they too offer paper trading.

By: OPTIONVILLAIN

OPTIONVILLAIN — Wed, 07 Apr 2010 02:26:21 +0000

Trade Monster… Has the most Professional and Knowledgable Staff on the Street. Highly Recommended For the Beginner in the Trade to the most Experienced of Investors.

By: Richard

Richard — Wed, 28 Oct 2009 16:29:16 +0000

What happens as soon as an account with is opened with TradeMonster? Are there hidden costs?

By: JC

JC — Wed, 23 Sep 2009 21:48:23 +0000

I signed up to be a TradeMonster paper trader and can attest to the quality of the tools. They really open the doors and let you in, even before you pay a penny in fees. Options has always been a scary thing for me so being able to try it out has been lots of fun. I’m losing money but it’s only play money.

By: Rick Morley

Rick Morley — Tue, 22 Sep 2009 18:21:06 +0000

When comparing options pricing with Brokers, you have to also pay attention to assignment fees.

After reading the sites:
TradeKing is $4.95 + 0.65/contract, and $9.95 to exercise.
TradeMonster seems to have confusing pricing. It says the price is 0.50/contract, with a minumum of $7.50 per leg. But the chart they provide doesn’t match up. It says $12.50 for up to 20 contracts. It also costs $7.50 to exercise.

I have yet to find an options broker than Zecco. Zecco is only $4.50 + 0.50/contract, and only $4.50 to exercise or assign. The tools are not the best, but the pricing is. So maybe it would be worth it to use the free tools with TradeMonster, but do your trading with Zecco.

By: zapeta

zapeta — Tue, 22 Sep 2009 15:17:59 +0000

The pricing for mutual funds trades is great! Plus, the practice trading is a great feature. Thanks for the review.

By: Aman@BullsBattleBears

Aman@BullsBattleBears — Tue, 22 Sep 2009 14:19:36 +0000

Great post Jim, personally I have been happy with TradeKing but always open to change. The commissions are higher but if TradeMonster is better for options, it could be a could platform to help me get into this money maker once again.

This looks to be worthy of a try as I have probably opened accounts with a handful of the discount brokers over the years to find the best fit for me needs. Thanks for shedding light on this one!

By: mewithoutdebt

mewithoutdebt — Tue, 22 Sep 2009 14:13:26 +0000

thanks. I didn’t know about TradeMONSTER. in your review, you don’t mention what is minimum amount required to open the account? Sometime high minimum is the biggest deterrent for a new investors like us.