John Jagerson

Broker Review: tradeMONSTER

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Formed in mid-2007, tradeMONSTER is owned by optionMONSTER, a for-pay trade advisory and stock picking service. The parent firm is affiliated with popular market commentators Jon and Pete Najarian, who many active traders may be familiar with from CNBC and the CBOE's Web site.

tradeMONSTER's Web-based trading platform was the best we reviewed, and includes lots of tools and a clear pricing structure.

Who is the Broker Targeting?

tradeMONSTER is targeting the active options and stock trader. The product line offered is generic but complete for this kind of trader, and pricing is relatively straightforward.

Commissions are on the low end for this kind of broker, but they are not the lowest and are graduated as you go up in volume.

tradeMONSTER is going to be most attractive to traders looking for lots of useful tools and a very tight trading platform. If you are trading a lot of option spreads and want to have very easy access to simple but robust analytics and an integrated tool set, this is a broker worth checking out.

Ease of Use

The trading interface is Web-based, but still very fast and easy to use. Once the platform is loaded, moving from one page/feature/tool to the next is very easy. It is almost like working on a software-based platform. Like a lot of Web-based applications, you will have a better experience with a fast Internet connection and an updated browser.