TradeKing vs TradeMonster

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TradeKing are one of our favorite brokers, a small company with a great attitude they set the example for all other brokers to follow. They have an excellent trading platform along with one of the best trading communities around.

TradeMonster are also a small broker, but they offer a slightly different product. They don’t have a trading community like TradeKing but they do offer some good options training. They’re definitely a broker that caters for more experienced traders.

To help you choose the right broker, we’ve rated each of them for platform usability, tools and education and of course price. Use the table below to help you choose the perfect broker for your trading style and experience.

Products & Services
Broker	TradeKing	TradeMonster
Rating	[rating:5/5]	[rating:3/5]
website	Visit the TradeKing Website	Visit the TradeMonster Website
Our Review	Read Our TradeKing 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

TradeKing is one of the best all round brokers out there, they offer all the major products and services at very competitive prices whilst remaining a small and personable company.

TradeMonster are a smaller broker than TradeKing, they don’t offer quite the same number of services but have most of the bases covered. Only Certificates of Deposits are missing and I think most investors tend to get those through their bank rather than using a broker.

Most brokers offer the main investment products these days so it’s difficult to separate them purely on products. Trading platforms and customer service are a different story however.

Trading Tools
	TradeKing	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

Platform Overview

TradeKing offer an exceptional platform for a broker of their size. I used it for many years when I started out and found it incredibly intuitive and easy to use. It maybe lacks a few of the more specialist tools a more advanced trader will need like take profit and volatility charts. But it should suffice for most beginners and intermediate traders.

TradeMonster on the other hand is a company that started out purely as an options broker. They have added other services as they’ve grown over the years. As a result many of their tools are weighted towards options traders. It’s not really suitable as an all round platform.

Neither of these brokers is suitable for day traders as they don’t offer level 2 data. Also whilst not expensive neither broker offers discounts for frequent traders so they may prove too expensive for day trading.

Summary

If you’re an all round trader and looking for a broker to manage your IRA account or build up a small portfolio, then TradeKing is the broker to choose. They have excellent pricing across the board, a better all round platform and an excellent trading community.

TradeMonster are only really suitable if you trade predominately options. Their platform is just too limited in terms of stock and mutual fund tools to be any good for an all round trader.

If you’re a beginner then TradeKing win again, they have an excellent community and training for you to learn from which along with their platform make them one of the best brokers for rookies to hone their skills.

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