|By Business Wire||
|March 18, 2014 11:05 AM EDT||
tradeMONSTER, a leading web-based brokerage co-founded by Pete and Jon Najarian, announced it has received a 4½-star ranking in the annual Barron’s ‘Best for Online Brokers of 2014’ survey and review. The Barron’s survey, now in its nineteenth year, named tradeMONSTER “Best For Options Traders” for the fifth consecutive year. Indicative of its evolution from niche options player to full service multi-asset class brokerage, tradeMONSTER in the overall rankings came in second place out of twenty in a field including established firms such as Interactive Brokers, TD Ameritrade, Charles Schwab, Fidelity, and E*Trade. tradeMONSTER earned an unprecedented and perfect score in the mobile category, was by far the highest ranked web-based broker, and was named best-in-class on a 5.0 point scale in four out of eight categories:
- Mobile – 5.0
- Research Amenities – 4.9
- Customer Service & Education – 4.9
- Usability – 4.9
Dirk Mueller-Ingrand, co-founder & CEO of tradeMONSTER Group, commented, “We are truly honored by the Barron’s rankings because they reflect what our mission has been since day one: to give customers a powerful, customizable platform replete with the highest grade trading tools and support them with world class service and embedded education.”
tradeMONSTER’s popular proprietary trading and investing process, tradeCYCLE™, was specifically called out as one of the ways the company empowers users and as it has been extended to their mobile platforms. According to the Barron’s review, “…(tradeCYCLE) brings discipline to the trading decision by including extensive analysis of the potential transaction's profitability, and allowing the creation of an exit strategy.”
tradeMONSTER’s award-winning HTML5-based mobile solution, compatible with iPhones, iPads, and Android-based phones and tablets, is being rapidly adopted as more users are consistently using mobile to monitor and execute trades.
Sanjib Sahoo, CTO of tradeMONSTER Group, added, “I’m particularly pleased that we’ve been able to give our customers a mobile trading experience that, regardless of device, closely replicates our award winning desktop version. If you are looking for a trading platform that you can harness for ‘anytime, anywhere trading,’ we encourage you to give tradeMONSTER a drive.”
Last week, tradeMONSTER seamlessly integrated futures trading into the tradeMONSTER platform alongside stock and options trading. Customers can now employ the full range of available tools to obtain risk and performance analysis on an aggregate portfolio. One hundred of the most popular and liquid dollar denominated futures contracts are available, with additions already in the pipeline.
Aric Forsythe, head of product development at tradeMONSTER Group and a former floor trader, asserted, “Being named ‘Best for Options Traders’ for a fifth consecutive year is incredibly gratifying but also motivating. Motivating in that we’ve recently integrated futures and have extended a similarly outstanding tool set to retail traders looking to engage those markets. Having an outstanding user experience in the big three - stocks, futures and options - means our customers can better manage their trades and investments as a whole at tradeMONSTER.”
Futures trading is being offered at a commission rate of just $1.50/contract (per side), which puts it well below average market pricing. tradeMONSTER also recently dropped its equity commission cost to a flat $4.95 per trade in order to remove cost as a barrier for investors to consolidate their portfolios and thus be in a position to better manage their trading and investments.
While Mueller-Ingrand acknowledges the company is still best known for its unique and powerful options trading tools, he is determined that recognition by Barron’s and others of his company’s drive to innovate will win even more converts across the investment spectrum. “Resting on our laurels is not in our DNA, and 2014 will see yet another wave of innovative trading tools delivered in a highly intuitive and extremely user friendly interface.”
tradeMONSTER (www.tradeMONSTER.com), rated by Barron’s as “Best for Options Traders” and #1 for Mobile, Research Amenities, Customer Service & Education, and Usability, is making professional-grade tools accessible to all online traders, regardless of experience level. tradeMONSTER was the first online broker to deploy a streaming desktop-like trading experience in a web browser, with a dynamic and customizable interface integrating advanced analytic tools, investor education, transparent commissions and an extremely knowledgeable and dedicated customer service team. Additionally, tradeMONSTER offers the most robust mobile experience available on all major mobile platforms and devices through tradeMONSTER Mobile. With its innovation focus on combining state-of-the-art analysis with an intuitive user experience, tradeMONSTER’s technology team has been granted several patents with numerous patents pending for its technology and unique investment tools embedded on the tradeMONSTER platform. All securities and investments are offered through tradeMONSTER. Member FINRA/SIPC/NFA.