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tradeMONSTER

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.

 
 
 
15 Total Reviews
Overall:
 
5-Star       (4)
4-Star       (7)
3-Star       (2)
2-Star       (0)
1-Star       (2)
   
Top Review
 
Great Platform!!
A great platform and always adapting and adding new products. Just wish it had a right click to do functions. Thanks guys.
Brysenp
 
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Built for options
Great platform for options probably the best. It seems like it was built for option trading. Easy to use platform as well.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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easiest
There platform is easy to use. Should not really take u any time getting use to. I believe this is for the people that don't like to put to much stuff in front of them at one time.

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auto-closeout 45mins before expiration
Trademonster will auto-closeout any ITM(in the money) or close to ATM(at the money) short options at about 45mins before expiration even if the spreads are properly covered. As a result, it not possible to legitimately trade calendars, ITM credit spreads, butterflies(where the short strike is in the money or close to) and etc. TradeMonster's auto-closeout policy does not allow the time value to decay in the last 45mins or so at expiration even if all the spreads mentioned before are properly covered. Because of their auto-closeout policy, many potentially profitable option strategies are not doable at TradeMonster.

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A solid 4 stars
They do everything pretty good not not really anything great. A much, much better choice than a lot of the brokers out there. Good order entry, good commissions and good customer service. Not the cheapest commissions (Interactive Brokers) or the best order entry (Think or Swim)

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Great trading platform for Option trader
This is must have broker for Option trader.

Some of useful tools that not available else where for free: ( LiveVol Pro is better but it's cost $250/month)

ImpVol Daily Change

Daily Unusual Volatility, Option Interest, Option Volume.

Trademonster let you trade multi-leg option strategies with no minimum balance require.

Compare some brokers that i'm using:

Trademonster: View positions by option strategies. This is great when you have a lot of multi-leg positions. GTC multi-leg option orders. OK commission. Recognia.com Tool is available for free

Optionhouse : Doesn't list positions by option strategies. Cheaper cost. Not allow GTC multi-leg positions order.

Choicetrade: Basic Platform. Cheapest commission in my opinion. Quite good multi-legs order execute. Allow GTC multi-legs order. Fast ACH deposit

TDAmeritrade: Great ThinkorSwim/StrategyDesk software. Great research/ideas tool. No fee. High commission.

Those are four brokers that I'm using for Option trading. (+LiveVol Pro)



Had try: Tradeking, Sogotrade, Zecco, Eoption, IB, Fidelity, ShareBuilder.

Tradeking and IB is great too but four brokers above are what I'm using.

Happy Trading.

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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.

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

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

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Displaying 1-10 of 15 Total Reviews
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