TradeMonster Review

Posted by Kate on August 30, 2011

As you know, we’re big fans of a total market approach to investing and tend to use index funds rather than trading actively. However, we also like ETFs as part of our overall portfolio. Since ETFs are traded on the stock market daily, a low-cost brokerage like tradeMONSTER can be a great way to include them in a portfolio.

tradeMONSTER Review

If you’re looking to open a new brokerage account for either ETF or active trading, you may want to check out tradeMONSTER. They offer competitive rates, the latest online trading technology and a full suite of trading tools. Plus, help is available 24 hours a day.

tradeMONSTER Features

  • Account Minimum: None
  • Opening Account Minimum: $2,000
  • Account Fees: None

tradeMONSTER Trading Fees

  • Stocks & ETFs: $7.50/trade
  • Bonds: $15.00/trade
  • Options: $0.50/contract

tradeMONSTER Advantages

Online Investing Education for Traders of All Levels. Trade Monster recently ramped up their education center to offer articles, webinars and live events aimed at all levels of experience. You can register for some of the training even without a tradeMONSTER account!

Browser-Based Trading Tools. tradeMONSTER has a customizable trading platform for active traders and since it is browser based, you don’t have to download anything. Their Portfolio Analysis even lets you perform a “what-if” analysis to see a mathematical response to hypothetical future market moves!

tradeMONSTER Overall

tradeMonster seems to offer some great tools for an active trader and has competitive pricing. If you trade actively and are looking for a new broker, they are definitely one to consider. However, if you’re a casual trader with a small account, you may want to look for a company with no account opening minimums and rock-bottom stock trade prices.

Current tradeMONSTER Offers

tradeMONSTER will credit account transfer fees charged by your old broker for up to $250 when you’re a new customer who does a full account transfer for $3,000 or more.

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