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tradeMONSTER

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Category: Brokers

tradeMONSTER, a subsidiary of optionMONSTER ® Holdings, Inc., was co-founded by Jon Najarian, Pete Najarian, and Dirk Mueller - trading veterans and respected investment industry experts.

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These guys SUCK! Worst broker I haver EVER used!
If you are going to sign up for Auto Trade you need to select another broker! While using BookingAlpha as my trade advisor BookingAlpha issued a trade alert with specific instructions to TradeMonster. TradeMonster completely ignored their trading instructions and opened a trade AGAINST BookingAlpha's specific instructions. By the time I caught their mistake - their screw up cost me well over 1,100.00. When I confronted TradeMonster with facts at first I was just blown off. After I persisted they then supplied me with a bunch of reasons why they were not at fault. It was all B.S. Bottom line, if these guys screw up they will NOT make good on it....PERIOD. I highly recomend using BookingAlpha for options trading but DO NOT use TradeMonster as your autotrade broker!!! Use TradeKing or any others but by all means stay away from TradeMonster or it is just a matter of time before you get nailed like I did.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
3 of 3 people have found this review helpful.
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Good but scope for improvement
We did have some issues with orders getting filled and the price it got filled for. But overall a good broker and with improvements in order execution it can do quite well.

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1 of 1 people have found this review helpful.
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Great platform!!
A great platform and always adapting and adding new products. Just wish it had a right click to do functions.

Thanks guys.

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5 of 5 people have found this review helpful.
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Brysenp Salt Lake City, Ut

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Best tools for options
This is the very best platform for options. IT ROCKS!!! Just like having a crystal ball.

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2 of 3 people have found this review helpful.
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HeikenAshiTrader Springfield, Mo

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Good
Great platform, real time quotes, lots of educational webinars.

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2 of 2 people have found this review helpful.
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DannyCaliOc Sushi, CA

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Great platform
I have no complaints with Trade Monster only praise, their online platform is great, ultra user friendly and their recently launched iphone/blackberry app an excellent addition. As one of the “younger” online brokers they do their best to continually update and improve resulting in a powerful suite of browser based analysis tools. I personally love that their news feeds have the option to include twitter feeds also. My friend and I both opened up accounts at the same time but he decided to go with Lightspeed and this has resulted in a good comparative study. He seems to have a lot of issues with their platform and customer service, my account was opened much quicker and the money deposited well before him. He is now switching to TradeMonster, need I say more. Well one last thing, for beginners the paper trading account is the best out there and you have nothing to loose in trying it out.

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4 of 5 people have found this review helpful.
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Reasonable Commissions & great Trading Software
Love the paper trading with options that they have on their platform. Hard to find a good one of those, entering multi-leg orders is easy and the P&L diagrams are very helpful.

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2 of 2 people have found this review helpful.
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Alright, Decent.
I have followed the founding team for some time on their show "Fast Money" of which I think many traders would be surprised how much educational material is passed on through the show. I am subscribed to a few of their services and they are not fabulous but pretty good!

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1 of 1 people have found this review helpful.
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Theteendollar Winnipeg, Manitoba

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The Lowest Trade Fee
Guys,

I used trademonster for 6 months and the best part about them was that I haggled them down to $5 per trade, and with the service that I had from them, this was an unbeatable fee. However my partner did once manage to get 500 free trades from Ameritrade and $5 on each side for those trades as well. Trademonster has a really cool platform, way better than etrades website etc. Trademonster had a few down sides. One of them was the fills that I was receiving. I would get bad fills on my trades, not so fun. The customer service was fine, Katie was the best one to talk to while I traded with them. Hope this helped, overall a fine experience.

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4 of 4 people have found this review helpful.
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Csquaredtrading Charlotte, NC

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It's alright
I haven't subscribed for the pay service but the free newsletter alert. It is a clean cut newsletter, granted, and it has some good info such as company news and different "heat" stocks that are on alert. You can get morning and noon alerts telling you what the market is doing, nothing you don't know if you are following the market. I do like the morning emails that have the different resistance and support levels that are pointed out for the S&P 500 and DOW, it's an easy way to get those. Nothing of real importance, but hey, it's free!

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3 of 3 people have found this review helpful.
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Relaaax Chicago, IL

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