Comments on: trade MONSTER Offers Investors Great Trading Experience http://www.thesunsfinancialdiary.com/broker-reviews/trade-monster-offers-investors-great-trading-experience/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: nhttp://www.thesunsfinancialdiary.com/broker-reviews/trade-monster-offers-investors-great-trading-experience/#comment-64108 n Fri, 24 Dec 2010 07:33:48 +0000 http://www.thesunsfinancialdiary.com/?p=4131#comment-64108 I buy 10 contracts at the most, so I am paying quite a bit at TradeMonster - I opened an account there on a recommendation. The experience of calling customer service is a big plus for me, a relative beginner with options. I buy 10 contracts at the most, so I am paying quite a bit at TradeMonster – I opened an account there on a recommendation. The experience of calling customer service is a big plus for me, a relative beginner with options.

]]> By: ilikemoneyhttp://www.thesunsfinancialdiary.com/broker-reviews/trade-monster-offers-investors-great-trading-experience/#comment-60748 ilikemoney Thu, 13 Aug 2009 05:43:26 +0000 http://www.thesunsfinancialdiary.com/?p=4131#comment-60748 When you want to make an options trade with trademonster, you are not charged $7.50 on top of the number of contracts you purchase. You are only charged $0.50 per contract when you trade options...there is no additional $7.50 charge for the trade. However, for options trades, trademonster has a minimum required flat rate charge of $12.50, which might sound a little confusing. Basically if you make a trade for 25 contracts or less, the commissions you are charged is the flat rate of $12.50. But if you make a trade for 26 or more contracts, the commission is simply $0.50 per contract. So again, if you buy/sell 1 - 25 contracts, you are charged a flat rate of $12.50. If you buy/sell more than 25 contracts, you are charged $0.50 per contract.I agree that their commission for buying/selling stocks is on the pricey side, but the options pricing is extremely competitive for an options trader such as myself. Personally, it is rare for me to make an options trade involving more than 25 contracts, so all of my option trades mainly come out to a flat rate charge of $12.50 per trade. That's only $2.55 more than the flat rate that optionshouse charges for options trades, and trademonster offers a lot more features and a much nicer trading platform than optionshouse. When you want to make an options trade with trademonster, you are not charged $7.50 on top of the number of contracts you purchase. You are only charged $0.50 per contract when you trade options…there is no additional $7.50 charge for the trade. However, for options trades, trademonster has a minimum required flat rate charge of $12.50, which might sound a little confusing. Basically if you make a trade for 25 contracts or less, the commissions you are charged is the flat rate of $12.50. But if you make a trade for 26 or more contracts, the commission is simply $0.50 per contract. So again, if you buy/sell 1 – 25 contracts, you are charged a flat rate of $12.50. If you buy/sell more than 25 contracts, you are charged $0.50 per contract.

I agree that their commission for buying/selling stocks is on the pricey side, but the options pricing is extremely competitive for an options trader such as myself. Personally, it is rare for me to make an options trade involving more than 25 contracts, so all of my option trades mainly come out to a flat rate charge of $12.50 per trade. That’s only $2.55 more than the flat rate that optionshouse charges for options trades, and trademonster offers a lot more features and a much nicer trading platform than optionshouse.

]]> By: ilikemoneyhttp://www.thesunsfinancialdiary.com/broker-reviews/trade-monster-offers-investors-great-trading-experience/#comment-60747 ilikemoney Thu, 13 Aug 2009 05:38:18 +0000 http://www.thesunsfinancialdiary.com/?p=4131#comment-60747 I think the way you worded this review regarding trademonster's commissions pricing a little misleading. You wrote that trademonster charges you $7.50 per trade, plus $0.50 per contract. That's actually false.When you want to make an options trade with trademonster, you are not charged $7.50 on top of the number of contracts you purchase. You are only charged $0.50 per contract when you trade options...there is no additional $7.50 charge for the trade. However, for options trades, trademonster has a minimum required flat rate charge of $12.50, which might sound a little confusing. Basically if you make a trade for 25 contracts or less, the commissions you are charged is the flat rate of $12.50. But if you make a trade for 26 or more contracts, the commission is simply $0.50 per contract. So again, if you buy/sell 1 - 25 contracts, you are charged a flat rate of $12.50. If you buy/sell more than 25 contracts, you are charged $0.50 per contract.I agree that their commission for buying/selling stocks is on the pricey side, but the options pricing is extremely competitive for an options trader such as myself. Personally, it is rare for me to make an options trade involving more than 25 contracts, so all of my option trades mainly come out to a flat rate charge of $12.50 per trade.Now I'm not trying to take a swing here at optionshouse (also a great discount broker), but that's only $2.55 more than the flat rate that optionshouse charges for options trades. You should compare the trading platforms and features available on trademonster and optionshouse, and then decide if you think the extra $2.55 you are charged on trademonster is worth it. In my opinion, with trademonster you're definitely getting what you pay for. On the other hand, if you frequently make trades involving 26+ contracts, then optionshouse has its obvious advantages from a low cost perspecptive. I think the way you worded this review regarding trademonster’s commissions pricing a little misleading. You wrote that trademonster charges you $7.50 per trade, plus $0.50 per contract. That’s actually false.

When you want to make an options trade with trademonster, you are not charged $7.50 on top of the number of contracts you purchase. You are only charged $0.50 per contract when you trade options…there is no additional $7.50 charge for the trade. However, for options trades, trademonster has a minimum required flat rate charge of $12.50, which might sound a little confusing. Basically if you make a trade for 25 contracts or less, the commissions you are charged is the flat rate of $12.50. But if you make a trade for 26 or more contracts, the commission is simply $0.50 per contract. So again, if you buy/sell 1 – 25 contracts, you are charged a flat rate of $12.50. If you buy/sell more than 25 contracts, you are charged $0.50 per contract.

I agree that their commission for buying/selling stocks is on the pricey side, but the options pricing is extremely competitive for an options trader such as myself. Personally, it is rare for me to make an options trade involving more than 25 contracts, so all of my option trades mainly come out to a flat rate charge of $12.50 per trade.

Now I’m not trying to take a swing here at optionshouse (also a great discount broker), but that’s only $2.55 more than the flat rate that optionshouse charges for options trades. You should compare the trading platforms and features available on trademonster and optionshouse, and then decide if you think the extra $2.55 you are charged on trademonster is worth it. In my opinion, with trademonster you’re definitely getting what you pay for. On the other hand, if you frequently make trades involving 26+ contracts, then optionshouse has its obvious advantages from a low cost perspecptive.

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