Rating: 
TradeMonster
Website: www.trademonster.com
Fees: $7.50 / stock trade. +$15 for broker assisted. Options minimum $12.50 / contract.
Account Minimums: None*
Transfer Fees: N/a.
Virtual Trading: Yes
Trading Platorm: Extensive and advanced trading strategy and predictive platforms.
Tools / Resources: Excellent training guides for options trading.
Customer Service: Very good.
*$2000 for margin accounts. Foreign customers allowed.
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Background: TradeMonster was founded in 2007 and is a subsidiary of optionMONSTER ® Holdings, Inc., and combines not only an excellent trading platform but also advanced educational resources.
TradeMonster is a member of the Securities Investor Protection Corporation (SIPC), which provides protection for accounts up to $500,000 (including $100,000 for claims of cash) per client as defined by SIPC rules.
Pricing: TradeMonster offer a flat rate fee of Just $7.50 per stock trade regardless of the number of shares traded. Option contracts start a $12.50 per trade.
Types of Account: TradeMonster offer the following accounts: Individual, Joint, Trust, Partnership, Investment Club, Corporate Accounts, IRAs.
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Trading Platform: TradeMonster have an extensive array of up to the minute trading tools. Spectral and Snapshot analysis, detachable windows to enhance your chart monitoring and even Twitter integration tools.
There are various trade simulation and portfolio management analysis tools so that you can ‘predict’ the impact on your investments of different stock and option strategies.
TradeMonster offers regular webinars, seminars and live events covering a broad range of topics from navigating around the TradeMonster platform to advanced options strategies.
Tools / Resources: TradeMonster has some excellent guides on trading from basic to advanced. But their training is geared up for options so if you are looking for the basics of stock trading you won’t find it here.
There are extensive training PDFs for you to download.
You don’t need an account to get the training but you do have to sign up for it. It’s free but that will put you on their mailing list.
Virtual Trading: TradeMonster offer a virtual trading account called paperTrade for both stocks and options.
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TradeMonster User Reviews
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Please rate TradeMonster from your own experience via the comment form below:-
3 comments
Derek Peterson says:
February 1, 2012 at 1:04 pm (UTC 4 )
This was the first online trading platform I tried and I really liked it. Commissions are competitive and I’d say this was ideal for newby traders. I’ve moved on a little now and need a bit more but Im glad I started with TM. Helpful support.
Heston says:
December 30, 2011 at 2:21 pm (UTC 4 )
Couldn’t really get the hang of the platform … could be me I’m fairly new to online trading. Didn’t get much help from support. Fees are ok but that’s about it IMO
vtrader says:
November 2, 2011 at 2:18 pm (UTC 4 )
Commisions are cheap for basic trading but the options pricing is a bit confusings. The trading tools are ok if nothing fancy. Recommend you get the hang of everything using the paper trader virtual tool first.