They are a good alternative for a trader working exclusively in stocks and options or an investor looking for a good broker to trade a portion of their portfolio dedicated to options strategies. Investors should monitor these holdings, consistent with their strategies, as frequently as daily. The content was created and is being presented by employees or representatives of Learning Markets, LLC.
CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. TradeMonster Review With its smiling monster logo greeting you on the homepage, TradeMonster is both appealing and non-threatening at the same time. It serves as a warning that investing on your own away from the safety of FDIC-insured savings accounts can bite you if you're not careful, but it also lets you know that investing can be fun too.
TradeMonster's tools continue that sense of fun with an easy-to-use website and a full-service, self-directed investing experience. OptionsHouse OptionsHouse is one of the lesser known online brokerages, but we think it deserves attention. Read our in-depth review to see if it's right for you. The days of manually balancing a checkbook are slowly fading away. Today, it's all about automation, which can be good news for those who look at a check register as if it's in a foreign language.
Brokerage Promotions Bank Promotions. TradeMonster vs OptionsHouse In short: OptionsHouse's options trading is impressive. This is almost always an overlooked feature with online brokers who typically put a web version of a current account statement online. Costs do go up in absolute dollar terms with larger options trades but the costs per contract drop a little after meeting minimum commission levels. The commissions for stock trades are flat, which we liked a lot. Like most brokers we suggest that you ignore the published rates and call them to walk through your actual trading behavior.
Doing this with each of the brokers you are evaluating will give you an much better idea of what your trading costs will actually be. Everything is easy to find, totally integrated and is actually fairly useful. The commission structure was good and easy to understand. We always got a good answer when we called and were able to reach someone within a few seconds.
The webinars and pdf. Like just about every broker specializing in the active options trader market, service was good and competent but they were not very friendly on the phone. I think this is one of the trade-offs you make when you hire people with solid market experience. They know what they are talking about which is good but they sometimes intimidate more junior traders looking for help.
They are a good alternative for a trader working exclusively in stocks and options or an investor looking for a good broker to trade a portion of their portfolio dedicated to options strategies. Order execution was reliable, the platform was solid and fast and the tools and service were useful and comprehensive. The materials presented are being provided to you for educational purposes only.
The content was created and is being presented by employees or representatives of Learning Markets, LLC. The information presented or discussed is not a recommendation or an offer of, or solicitation of an offer by Learning Markets or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy.
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