Option Monster Review

By Analyst: Robert Stammers, CFA
December 31, 2008

(broker review) - Online broker Option Monster is an efficient, cost-competitive online brokerage offering quality research materials for novice and advanced traders.

Option Monster's specialty, as its name implies, is options trading. A single leg trade of 10 or 20 contracts costs $12.50, one of the best offers to be found in the options market. 50 contracts costs $25 per trade, 100 contracts costs $50, and $500 contracts costs $250. 2 leg option spread trades are also highly competitive. 10 contracts costs $15, 20 contracts costs $20, 50 contracts cost $50, 100 contracts costs $100, and $500 contracts costs $500.Option Monster's equity commissions are competitive at $7.50 per trade regardless of account value or number of trades executed.

Level II and streaming quotes are offered along with valuable research and tools. Interactive courses, live webinars, and other educational content are useful tools for experienced and novice traders alike. The website is user friendly and, most importantly, fresh. Real-time articles and updates are posted regularly including commentary and screens for investors looking for a guiding hand.

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