OptionsHouse vs TradeMONSTER

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Have you outgrown your existing broker? Or maybe their service just isn’t what it used to be and you’re looking for a change. Whatever the reason you’re looking for a new broker you’re sure to need some help along the way.

Whilst one broker might be perfect for one type of trader they might not be suitable for you. To illustrate my point, a friend of mine recommended a broker to me, he said he’d been happy with their service for the past two years and I should check them out.

So I gave them a try, but I soon realized their platform was lacking some of the tools I’ve become used to. So whilst they’re a good broker and perfect for my friend, they’re not a suitable broker for me.

So to prevent you from making the same mistake i did we’ve compared two brokers, OptionsHouse and tradeMONSTER. Check out the comparison tables below and you should be able to figure out which broker will suit you best.

Products & Services
Broker	OptionsHouse	tradeMONSTER
Rating	[rating:5/5]	[rating:3/5]
website	Visit the OptionsHouse Website	Visit the tradeMONSTER Website
Our Review	Read Our OptionsHouse Review	Read Our tradeMONSTER Review
	Bank Deposits	Bank Deposits
	Bonds	Bonds
	Certificates of Deposits	Certificates of Deposits
	Day Trading	Day Trading
Services	Extended Hours Trading	Extended Hours Trading
	ETFs	ETFs
	IRAs	IRAs
	Mutual Funds	Mutual Funds
	Trading Community	Trading Community

Services Overview

You can see in terms of investment services that both brokers are equally matched; they both offer a full range of investment products with the exception of Certificates of Deposits (CDs) which you can obtain from your local bank anyway.

One other thing to mention is that neither OptionsHouse or tradeMONSTER is really suitable for day traders due to platform limitations, day traders would be better served by joining a direct access broker like Lightspeed or a broker which provides level 2 data like E*TRADE. But for the vast majority of traders both these brokers are more than adequate.

Trading Tools
	OptionsHouse	tradeMONSTER
	Automated Trading	Automated Trading
	Investor Resource Center	Investor Resource Center
	Mobile Trading	Mobile Trading
	Online Advisor	Online Advisor
Trading Tools	Profit & Loss Calculator	Profit & Loss Calculator
	Streaming Charts	Streaming Charts
	Stock & Fund Screeners	Stock & Fund Screeners
	Tables & Graphs	Tables & Graphs
	Training & Education	Training & Education
	Virtual Trading	Virtual Trading

Trading Tools Overview

The table above only tells half the story. Because while both brokers offer some excellent tools for options traders, tradeMONSTER is somewhat lacking in tools for stocks and mutual funds.

So if options make up the vast majority of your trades, tradeMONSTER should do you just fine. If you’re looking to build a more rounded portfolio or manage an IRA, OptionsHouse would be the better choice.

You can’t say either of these two brokers has a bad platform you can definitely say OptionsHouse will suit 75% of traders whilst tradeMONSTER is a much more specialized platform that will suit only 5% of traders.

Summary

To sum-up then, if you’re an options trader with a medium sized account either of these two brokers will suit you fine. OptionsHouse offers the best value for money and the most rounded trading platform, tradeMONSTER has more specialized options tools for the serious options trader.

If you’re new to trading you’d be better off choosing a broker that offers training specifically tailored towards beginners, like Zecco. You’ll also benefit from their excellent trading community.

Intermediate traders with medium sized accounts of up to $50,000 or those looking to manage their IRA would be better off choosing OptionsHouse due to the very competitive pricing and better all round platform.

tradeMONSTER is only really suitable experienced trader who trade predominately options. Their platform is just little too weighted towards options for them to be any good as an all round broker.

You may also like:

1. OptionsHouse vs SpeedTrader
2. OptionsHouse vs E*TRADE
3. Zecco vs tradeMONSTER
4. Zecco vs OptionsHouse
5. TradeKing vs TradeMonster
6. TradeKing vs OptionsHouse
7. OptionsHouse Review