There’s big news at tradeMONSTER, where the online broker has decided to cut equity trade commissions to $4.95 per trade. The $4.95 flat rate for equity trades at tradeMONSTER takes effect on March 3, 2014. tradeMONSTER’s standard equity pricing level was $7.50 previously, so this is a significant drop in commission costs of 34 percent per trade.
StockBrokers.com recently released the 2014 online broker review. Our review of tradeMONSTER spoke highly of the platform and the tools that tradeMONSTER offers. In fact, tradeMONSTER won the StockBrokers.com Industry Award for #1 in Broker Innovation. tradeMONSTER was also named the #1 Web Based platform and the #1 Platform for New Investors as well as Options Trading.
tradeMONSTER has had slightly higher commissions than many competitors in the past, but this move makes tradeMONSTER much more competitive on the commissions and fees side as well.