The Trademonster website describes their award winning platform and competitive pricing in great detail (you can find that information here) so instead of redesribing the service, I thought I would give you the top five features of trademonster that really got me excited when I was using the platform.

I could list many more than five (and maybe I will in later articles) but let’s start with my top picks.

Virtual Trading

You don’t need any money. Becoming a virtual trader on the trademonster platform is easy. Just sign up and pick some stocks. Once you do that, you have complete access to their feature rich platform. You can try out new strategies or learn the basics all without losing any real money. What’s in it for trademonster? They know that once you get used to a platform, you’re less likely to go somewhere else.

Exit Plan

Every trader makes the wrong move more often than they would like to admit. Exit plan gives you the best exit strategies to minimize your loss. Have you noticed that one of the toughest parts of trading is knowing when to throw in the towel? Trademonster’s exit plan technology helps you make those decisions.

Trade Cycle

If you have ever watched golf, you know that the pros go through the same routine every time they swing the club. The best investors do the same thing but for part time investors, there are a lot of tools that will help with that process. Trademonster developed a series of tools that walk you through the entire process from research to your exit.

Saturday Support

Why is it that all of these brokers have tech support during normal business hours when most people are at work? Most of those people aren’t trading for a living so they can’t sit at work and work with their account. Trademonster understands that part time traders need help at times more convenient to their work schedule which is why trademonster has live technical support on Saturdays in addition to the regular Monday-Friday hours.

Fees

Their fees aren’t the cheapest but far from the highest. The best thing about their fees is the simplicity. It’s easy to understand what a trade will cost. There aren’t all of these complicated tiers or fees for this etf but not for that one. If you want a complicated fee structure, go to a bank. Trademonster is watching out for you on this.

Bottom Line

All of us stock and options traders know that the vital information that we need to make our trades is scattered all over the internet and what we really want is to find it in one place. I’ve looked at a lot of different online discount brokers and trademonster definitely comes the closest to reaching that goal.