Trademonster Review

Is TradeMonster a Scam? Is TradeMonster Safe and Legitimate Brokerage Firm?


I'm often being asked the following questions: is TradeMonster a scam? Is it safe to use TradeMonster? Is it SIPC (FDIC equivalent) insured? The short answer - it's a legitimate, safe online broker and I have had account with TradeMonster since 2011. I did not have any issues with company - learn more about the firm in TradeMonster Review.

TradeMonster is a member of FINRA/SIPC/NFA. FINRA (Financial Industry Regulatory Authority - http://www.finra.org/) is the largest independent regulator for all securities firms doing business in the United States. Its chief role is to protect investors by maintaining the fairness of the U.S. capital markets. SIPC (The Securities Investor Protection Corporation - http://www.sipc.org/) either acts as trustee or works with an independent court-appointed trustee in a missing asset case to recover funds. The statute that created SIPC provides that customers of a failed brokerage firm receive all non-negotiable securities that are already registered in their names or in the process of being registered. SIPC is an important part of the overall system of investor protection in the United States. While a number of federal, self-regulatory and state securities agencies deal with cases of investment fraud, SIPC's focus is both different and narrow: Restoring funds to investors with assets in the hands of bankrupt and otherwise financially troubled brokerage firms.

Read full TradeMonster Review.

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