Trademonster review





tradeMONSTER Review 2010

Free IRAs, powerful trading tools and plenty of learning materials for beginners




tradeMONSTER Commissions and Investments Offered (2010)


  • Stocks and ETFs: $7.50
  • Options: $0.50 per contract, minimum $12.50 for single leg orders and $7.50/leg for multi-leg orders
  • Mutual Funds: $15 to buy, $0 to sell
  • Bonds: $15
  • Investments: stocks, options, mutual funds, bonds, ETFs
  • Minimum to open account: $2,000
  • All tradeMONSTER fees


tradeMONSTER Trading Tools Review

TradeMonster review

tradeMONSTER offers a powerful and flexible webbrowser-based trading platform, where just about everything is customizable. There are also great tools for charting, trending, drawing your own patterns on the charts.


tradeMONSTER Account Pros/Advantages

  • Best margin rates
  • Selling mutual funds is free
  • No inactivity or account maintenance fees
  • No-fee IRAs
  • No hidden fees
  • Free trading simulator, paper trading
  • Lots of learning materials for a beginner investor


tradeMONSTER Account Cons/Disadvantages

  • Additional 1.5 cents per share for extended hours trades


tradeMONSTER Review Summary

tradeMONSTER offers excellent trading tools and a great price for investing in mutual funds -- $15 to buy and free to sell. Barron’s rated tradeMONSTER 4.5 stars (out of 5) on their Trading Platform, Usability, Research and Educational Resources, Portfolio Analysis and Reporting Tools.

One of tradeMONSTER's coolest features is the ability to practice trading stocks or options with paper (virtual) money, using all of the tools available. Another interesting feature is Exit Plan, where users create exit strategies for your trades by focusing on profit targets and by monitoring your stop-loss and exit points.

tradeMONSTER is a great choice for people investing in mutual funds or for beginning investors. Since there are no IRA and inactivity fees, tradeMONSTER also is one of the best IRA brokerage firms.


tradeMONSTER Promotional Code:


Get up to $250* when you transfer your account to tradeMONSTER!
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