24Option Review

With the growing number of restrictions being placed on buying, selling and in particular of shorting stock, indexes and commodities, individuals and businesses have been searching for alternative methods to trade idle funds for the short to medium term. In bear markets, when there are few choices of upward trending stocks this desire for others ways to profit has lead to an explosive growth in alternative investment vehicles.

In the case of stocks, CFDs, or ‘Contracts for Difference’ were the first to appear in the early 1990′s although they didn’t become available to independent traders until the late 1990′s. Further, for a number of reasons CFDs proved to be not so popular with traders so a further refinement of the concept was introduced in the form of binary options.

Binary options offered the benefit of a better risk/reward ratios without the need to place relatively high cost trades, and so services such as 24Options were born.

What Are Binary Options?

Binary Options trading as offered by 24Options are forecasts by traders as to whether prices will rise or fall over a specified amount of time. With CFDs you bet on the difference in prices, with binary options you just bet on the simple movement. As you don’t actually purchase the stock, index or commodity itself, you simply try to predict whether the price will rise or fall, therefore the risk is less and the reward can be greater.

They are ‘binary’ options because the result can end in only two ways. The price will either rise or it will fall. As a trader you can back it either way and you profit if you get it right, or you lose it if you get it wrong. Simple enough. Judgment day is the options expiry date at which time your trade is called. With binary options, unlike other options the options expiry date can be anything from an hour or so to a few days in the future, and you are paid your dividends immediately.

24Option offer a platform for traders to trade binary options and it has proven to be extremely popular since its inception in 2008. 24Option offer three types of option vehicles namely ‘In The Money’, ‘Out Of The Money’ and ‘At The Money’ and each of these provide three instruments namely ‘High/Low’, ‘One Touch’ and ‘Boundary’. How they work is this:

24Option In the Money Expiry

This is a term meaning the option is currently profitable. Options that expire “in the money” are those that expire yielding a profit for the client. Trading at www.24option.com will yield expiration “in the money” under the following conditions:

24Option In the Money Expiry – High/Low Instrument

A High option where the expiry level is above the target price.
A Low option where the expiry level is below the target price.

24Option In the Money Expiry – One Touch Instrument

A Touch option where the market price reaches the target price before the expiry time. In such an event the option automatically and immediately expires “in the money”.
A No-Touch option in the event that the market price does NOT reach the target price before the expiry time.

24Option In the Money Expiry – Boundary Instrument

An Inbound option where the expiry level is within the boundary (i.e. above the lower and below the upper target price).
An Outbound option where the expiry level is outside the boundary (i.e. below the lower or above the upper target price).

24option

24Option Out of the Money Expiry

This is a term meaning the option is currently not profitable. Options that expire “out of the money” are those that expire yielding a loss for the client. Trading at 24Option will yield expiration “out the money” under the following conditions:

24Option Out of the Money Expiry – High/Low Instrument

A High option where the expiry level is below the target price.
A Low option where the expiry level is above the target price.

24Option Out of the Money Expiry – One Touch Instrument

A Touch option in the event that the market price does NOT reach the target price before the expiry time.
A No-touch option where the market price reaches the target price before the expiry time.

24Option Out of the Money Expiry – Boundary Instrument

An inbound option where the expiry level is outside the boundary (i.e. below the lower or above the upper target price).
An outbound option where the expiry level is within the boundary (i.e. above the lower and below the upper target price)

24Option At the Money Expiry

This is a term meaning the option is currently trading at the same price as the target price. Options that expire “at the money” are those that expire at the target price. In the event of expiry at the money, 24option will return the invested amount to the client. Trading at 24Option will yield expiration “at the money” under the following conditions:

24Option At the Money Expiry – High/Low Instrument

A high option where the expiry level is at the target price.
A low option where the expiry level is at the target price.

24Option At the Money Expiry – Boundary Instrument

An inbound option where the expiry level is at one of the boundaries (either the lower or upper target price).
An outbound option where the expiry level is at one of the boundaries (either the lower or upper target price).

Click here to open your free 24Option account and receive your joining bonuses

24Option Returns on Investment

Returns are fixed and work as a percentage of the dollar amount invested. If you are ‘In The Money’ these are usually between 70% and 85% of the amount traded. Even if you are ‘Out of the Money’ you will still get back anywhere between 0% and 15% of the amount invested, and if you are ‘At The Money’ you will get back 100% of your money back.

If you find this explanation still overcomplicated you can learn more about how it works at the 24Option website.

24Option provide an ‘Education Centre’ in which you can find all the tools you need to learn how binary option trading works, and how to use their platform and interface, which incidentally I find very cool looking (that’s a technical term by the way) and pleasing to the eye.

The Education Centre at 24Option includes manuals, videos, and an expiration calculator in addition to other useful resources and tools. Furthermore they provide a glossary of terms (so you are never left in the dark wondering what some of the more technical industry related terms and abbreviations mean, plus a ‘frequently asked questions’ (FAQ) area where you can find answers to the most common problems without having to wait for customer support to get back to you.

Not that that seems to be a problem as their 24 hour customer support area is well manned and extremely helpful. Needless to say they are very understanding when it comes to seemingly obvious questions from novices and ‘newbies’.

As with all the better online trading platforms these days, 24Option provide access from multiple mobile devices as well as your home desktop computer. Apps are made available for the iPhone and Android operating systems so you can comfortably trade away from anywhere in the world with an internet connection. I spent a wonderful afternoon trading recently from my sun bed on a beach in Phuket. Sounds like a dream come true doesn’t it? So can it for you.

24Option Review Conclusion

24Option provide a stable reliable platform for you to trade your binary options. The support is second to none and once you get a feel for what you are doing you can do extremely well. Binary options are very simple trading instruments which don’t leave you guessing what you did wrong, or indeed what you did right. You get credited with your profits instantly after the expiry date, so there’s no need to wait weeks (or sometimes months) like you do with other trading types.

Getting your profits transferred to your back account is easy, although I admit the security measures they have in place do take a little getting used to. However, just like the security measures at the airport on my way home from Phuket, they are there to protect you so I’m happy to put up with a little inconvenience when it comes to my safety and the safety of my money.

We hope our 24Option review has given you enough information about the product for you to make an informed decision.

 

TradeStation is a widely known trading platform that provides its users with many options, such as trading in stocks, testing, ETFs, and futures. It is one of the leading platforms when it comes to trading and brokerage. Still, not a lot of information can be found online in regards to its origin and history.

What do we know about TradeStation?

TradeStation boasts itself as being one of the fastest and most trusted platforms whose performance is compared to that of a great race car. As the race car driver can modify some features to enhance the car’s power, the TradeStation users can adjust the platform to ensure a flawless trade execution.

Some of the platform features include the usage of a market scanner, an auto trade strategy, backtesting (based on historical data) and the possibility of setting up charts.

In 2000, you could use TradeStation as a paid software for trade automation, and it had a monthly cost of $99. However, since the trading platforms market is very competitive, the company that owns TradeStation has decided to waive the fee.

Furthermore, Barron’s magazine has ranked it high on its list of Best Online Brokers. Still, is that reason enough for anyone to choose it over other trading platforms? Let us try to answer this question by taking a closer look at its tools and products.

What exactly does TradeStation offer to its users?

 

TradeStation University

If you are an absolute beginner in the world of trade or if you feel like extending your trading knowledge and upgrading your skills, TradeStation has got you covered. Hence, one of the greatest features the platform offers is the TradeStation University. In addition, all information it provides is completely free.

Upon choosing the topic of their interest, users are introduced to twelve professors. Each morning they organize pre-market briefings to update everyone on the latest market news. If for whatever reason you miss your lesson, you can read all the material at any point.

TradeStation Account Types

When someone decides to sign up for this platform, they can choose from five different account types:

  • A personal account with only one owner.
  • This is a shared account owned by two or more individuals. In case one of the account owners should die, there are two ways in which the interest of the deceased can be handled.
  • This is a retirement account that offers four different options to a user in regards to the retirement accounts or a retirement plan.
  • An account that concerns U.S. business entities. There are six different sub-accounts: corporate, general partnership, limited partnership, trust, limited liability company, sole proprietorship.
  • An account managed by an adult on behalf of an underaged individual (who can be either 18 or 21 years old, depending on the state of residence and the laws that apply).

 

Once you decide which account you will use, you then have to choose how you will fund it. The options are: via wire transfer, check deposit or electronic transfer (ACAT).

Stock and options accounts are the most inexpensive choices as they require $ 500 for cash and $ 2,000 for margin. However, initial funding for Futures Trading, on the other hand, is $ 5,000.

TradeStation Costs

When using TradeStation, the following prices will apply. Still, bear in mind that each option includes a software, premium tools and real-time data free of charge:

  • Stocks and ETFs – $ 5 per trade.
  • Options – $ 0.50 per contract plus $ 5 per trade. When you trade in small blocks, you can save $1.00 per contract with no base/ticket charge. The minimum, in this case, is one contract market or limit.
  • Futures – $ 1.50 per contract.
  • Mutual Funds – $ 14.95 per trade. Users can choose from many funds that are provided by 79 fund families.
  • Bonds – $ 14.95 plus $ 5 per bond to trade government, corporate and municipal bonds.

If someone is an active trader, additional pricing options are available. However, If you are a beginner, bundle pricing might be your safest option.

 

TradeStation – pros and cons

Pros:

 

  • Free training (TradeStation University)
  • Excellent customer support
  • The possibility of backtesting trading strategies and accessing your account anywhere, anytime (there’s even a mobile app).

Cons:

 

  • It is difficult to navigate the platform.
  • There is not enough information about the safety of one’s funds
  • There is no free trial.
  • The background of TradeStation, for the most part, remains unfamiliar.

 

If you want to try out the app and its features, you can do so by visiting https://www.tradestation.com.

 

 

If you frequently visit trading websites you probably know how important first impressions are. And, when you first open TradingView you might find yourself with too many details to follow. The website is very detail-rich and launches you straight into a sea of information. You can see charts, figures, and topics immediately with no introduction.

Of course, if this is what you were looking for, that is great. However, it can be confusing for someone who is entirely new to trading. After all, it is not easy to figure out what this website has to offer. So, let’s delve a bit deeper into it and find out.

Design

The website definitely presents itself as a very modern service. From the first look at it, you can see that it was designed by experienced traders in collaboration with well-trained software developers. The creators of the website believe that they can work together with the community share ideas and learn more. This is something you can notice quite quickly.

What is TradingView

Whenever you consider choosing a service the main thing to look for is what makes it different. For TradingView it is probably the moderators. They are essentially active members of the community who do not stand above the users. The moderators are, in fact, users who TradingView’s staff finds trustworthy and capable. They are here to help newer members and answer the questions they might have. And they do it for free. So, the best part of TradingView is the enthusiasm that might sweep you off your feet when you join.

It is really impressive when you consider that TradingView is taking its community a lot more seriously than any other service.

Services

While it might not be easy to find which features you can access via TradingView, the list is quite impressive. First of all, a beginner would be more than happy to use the HTML5 Charts that are readily available. Of course, this is useful for pros as well. There are also server alerts as instant notifications you can set up. There are 12 conditions you can set up for the alert to be triggered. You can also opt to receive those alerts via e-mail, text or a popup.

You will also be able to use their screener to search through the stock with metrics of your choice.

If you need an analysis of the market, you can use their tool for technical analysis. It actually includes over a hundred different studies. They even have a programming language of their own. In fact, modifying anything seems to be rather easy.

Training exercises are also available to anyone who doesn’t feel ready to trade just yet. Their broad market data coverage is a feed which will give you instant access to major assets. This includes stocks, futures, even Bitcoins. There is even a section named “Even more Tools” which you should definitely check out.

Costs

Unlike many other services, TradingView has very simple plans for their users.

You can use the standard plan called “Pro” for $14.95. This provides access to the tools a casual trader might need. And you can even bring the price down to $9.95 if you purchase a two-year subscription.

You can opt for the Pro+ plan for $29.95 per month. This provides the tools necessary for serious traders. The cost, of course,goes down to $19.95 with a two-year plan.

And lastly, you can choose the Premium for $59.95 a month. This will give you a no-limit access to the features available as well as complete support. Purchasing a two-year plan will drive the price down to 39.95 dollars per month.

The best part is that TradingView has a free trial period of 30 days. And that is for all three plans. However, there are no refunds.

Pros

*Incredibly useful charting

*Very competitive prices

*Free trial for a month

*An active community of traders.

Cons

*No refunds

*Navigation is not very easy.

Verdict

If you plan on being a serious trader and want to be a part of a collective this might be the right place for you. The charting functions seem to be very useful and the technology they offer is top-notch. And, of course, the fact that they offer a free trial is a big plus. However, if you choose not to continue using them after the trial, do not forget to cancel the subscription. Bear in mind that the automatic billing function might kick in if you don’t cancel it.

 

Did you ever hear of TopstepTrader? If you have, you might have found the information unbelievable. The word that goes around is that they give traders with lower budgets a chance to trade with no risk. How? They let you use their capital instead of your own. As long as you are good enough. This definitely sounds too good to be true, so we visited their website to see what is going on.

TopstepTrader

As first impressions go, it was a positive one. The website is very tidy, easy to read through and it looks good. Finding the information you need was very simple. This, of course, is a very positive thing. After all, when the website is very cluttered it feels as if they are trying to hide something. But with TopstepTrader, all the information is at the ready.

But, what do they offer?

TopstepTrader gives an opportunity to its users to become funded traders, which essentially means that, once they prove their skills and that they fit well with TopstepTrader’s trading style, they will receive access to a funded account which they can use to trade instead of their own money.

Services

Another incredible thing about TopstepTrader is the fact that you can start for free. Once you join, there are two prominent options. You can either start up with a simulation first to polish your skills or test yourself.

If you choose the simulation, you will have a trial account for 2 weeks. You will be able to trade with $150.000 and see whether or not you have what it takes. If you feel ready, you can go through their evaluation program. In the evaluation program, you will be expected to trade in real time while being closely monitored. You will then go through the other two steps and join the program (hopefully).

TopstepTrader Trading Combine

Once you start out with this option you will receive a target profit you have to reach. Bear in mind that the testing is not free. You will have to pay for every month you require to reach the goal. If you are not doing too well, you will be able to reset everything for 100$ and start over. When you enter the simulation you will be able to choose between the starting funds. You will have 4 options, 30, 50, 100 or 150 thousand dollars. It will last for at least 10 active days. You will have to stay within the limits of your potential losses and reach the goal profit. Depending on the starting balance, you will have to pay between $150 and $375 per month.

TopstepTrader’s Funded Trader Preparation

This is the second step of evaluation. However, it is a lot more precise than the last one. The account you are applying for comes with parameters that you have to trade in. And this simulation will help you practice trading in them. The rules are similar: Trade for 10 days, stay above your loss limits, follow the plan, and follow the rules. Once you achieve the target for the profit, you will finally receive your account.

TopstepTrader’s Funded Account

If you have successfully shown that you have what it takes you will receive your reward. An account with which you can trade in the real market. You will suffer no risks and be allowed to keep 80% of the profits you make. And not only that but the first 5,000 dollars too. You will even be able to trade without a commission if you use their platform. The one flaw we found was that there is a lack of support for mobile devices. You can use it, but there is a chance to experience a connection delay.

Coaching

For $195 a month, you can subscribe to their coaching program. With this plan, you will have private sessions with your coach who will analyze your trades. With these analyses, he will point out your mistakes and help you advance.

Squawk Radio

This is a very unusual feature. TopstepTrader actually has a radio host Eddie Horn. He is a trader with over 25 years of trading behind him. He hosts a very interactive show which can prove itself to be quite useful. There are perspectives on various stocks, insights from famous traders, interviews and regular updates.

Pros

*14 days of a free simulation account

*It offers an incredible opportunity

*No risks if you manage to go through the program

*Free education

Cons

*They offer no refunds

*The costs are not very transparent

*You do not know how much the evaluation will cost you, as it might take you a while to reach the goal.

 

This time around we are taking a look into one of the cheapest platforms out there. Just2Trade. Not only will you have free access to Just2Trade+ platform, but the trading fee is among the lowest. In fact, it is only $2.50. But, is that worth it?

First of all, we will cover the platforms and tools they offer. The main platform is the Just2Trade+ and it’s an online platform. It can be at your service entirely free. It does have everything one needs to trade. There are watch lists, options chains, charting features and the order ticket window. However, it is noticeable that the platform was made to be cheap.

Services

Let’s start with the positive side. It definitely runs smoothly and without issues in the browser. The charting function was handy, as it should be. The bars were clean, the usage was simple and you had over 90 optional indicators. A bit below average, but could be enough. You also have 11 different drawing tools. Again, not perfect, and a bit under the standard number, but still, respectable.

If you are an options trader, you will have a relatively basic option chain. It will include all five Greeks, over twenty optional columns and a quick analysis option. So, you will be able to pull up charts on the go. There are some issues too. You cannot order columns in a custom order. You cannot visually enlarge the charts and there is no advanced analyzing.

There are also some other issues. For an example, you can’t set alerts up at all. Active traders will dislike the fact that you cannot set your hotkeys either. In fact, the platform lacks a lot of functionalities you might consider mandatory.  They also include research for their clients. So, let’s take a look at that.

Research

Just2Trade does offer research with their services. However, it is less than ideal. While they use Morningstar, a pretty strong option, they only use the most basic package. When you finally locate and open the Morningstar module, a lot of data will greet you. At the first glance, there is an abundance of it. Graphs, analysis, date and more options separated into sections. You will be able to conduct basic research. This includes checking news, examining balance sheets, cash flow statements, and other, basic options.

However, once you try digging deeper, you will notice some issues. The big one would be that you can only pull up major exchanges. You will not be able to research ETFs, mutual funds, or pink sheets. And even when researching stocks, you will notice that metric comparisons, SEC filings and more is lacking. The worst bit? There is no actual screening tool.

Mobile Trading

From the get-go, we can praise the fact that they have made native apps for both major platforms. You can download it for both Apple and Android smartphones. However, they are not very versatile. And we can definitely notice a trend of bare necessities with Just2Trade. You can only use the app for basic watch lists, pulling quotes, options change and only placing simple orders.

Costs

Now, the price is the part that tries to make all of the issues disappear for certain users. The commission structure is simple and understandable. The fee is $2.50 and options trades are $2.50 and another 50 cents per contract. This is already incredibly cheap. And then, add to that that the platform is literally free. If you are a casual investor who can get by with mere basics this might be perfect for you. You will have to pay a bit more for mutual funds trades ($12.50) and broker assistance ($22.50). But still, they are incredibly affordable. On the other side, you should know that real-time streaming quotes only come during the first 15 minutes of each day. For better real-time information, you would have to pay $7.99.

Pros

*Incredibly low fees

*Free platform

*Decent charting

Cons

*Basic design

*Cutting corners with research options

*Lacks screener

Verdict

 

This platform will leave you wanting more. However, since it is incredibly affordable, a casual trader might find it to be everything he needs. Even supplementing it with services by other companies might not be too expensive. If bare basics fit your needs, go ahead, otherwise, give it a pass. However, since it is free, there is no harm in testing the platform out for yourself.

 

 

There are tons of different trading platforms and software to help with your charting out there. Some of them even offer free services in the form of information on stock prices at the end of the day. So, it is rather clear that you have some choices to make.

In fact, the number of options makes finding the perfect software for your needs is not an easy task. So, if you want to know if eSignal is the right choice for you, read on, it should help you.

What is eSignal?

To put it simply eSignal is a trading and charting platform. It allows its members to trade, gain information in real-time and create charts with that live data. So, if you are searching for a service that allows real-time charting and trading on a single platform, this could be it.

Since eSignal is a part of Interactive Data you can expect quality data.

Of course, as many other services, eSignal offers online education if you want it. This means that the platform is suitable for the new guy as well. And it only requires a very limited knowledge of data searching and coding.

The features will cover most of the markets and channels you might find important.

Once you start browsing through their website you will see that the platform is rather useful. And it can come in handy for any type of a trader. The data is accurate and the platform performs regular updates while the design is rather clear. Of course, you will also be able to set alerts, something that everyone with experience agrees is important.

You can also save all of the settings you make so you can use multiple devices to navigate at the same time.

Of course, they offer a range of services with different costs, so let’s take a quick glance at those.

eSignal CLASSIC

For the casual trader, this plan has everything you need. While it is not perfect for day traders who try to make quick trades, it is a great choice for those who make a couple of trades each month. This is the basic version of the service that costs only $47 a month, but it has a delay of 15 minutes.

eSignal SIGNATURE

As always, the medium option is the most popular one. The Signature plan provides every information in real time and it costs $152 per month. And, while the Classic plan allows you to check out 200 symbols or less at a time, this one allows up to 500. Additionally, you will also be able to use the learning center. With access to this database, beginners will have what they require to gain knowledge.

eSignal ELITE

The Elite plan is the most expensive one. It will cost you 309 dollars each month, which is definitely not a small figure. However, if you are serious about trading it might be well worth the money. The Elite subscription plan includes multiple features. With it, you will also have extended access to the market’s history, and the Advanced GET platform for technical analysis.

The additional platform will offer you an opportunity to analyze the market a lot more thoroughly than previous plans would. There are multiple categories you can use to track the stock in its lowest or highest settings. You will be able to project your earnings and trade through the eSignal website directly.

Customer Support

One of the things eSignal excels at is customer support. And it doesn’t change depending on the plan you are using. You will have 24/7 support access via the website by using the chat function. You will also be able to access the FAQ portion of the site in the form of their Knowledge Base. In fact, with the Knowledge Base, you will rarely actually require help from the support team as it is very extensive.

Pros

*Charting is advanced and simple to do.

*Various add-ons available to make your trading easier.

*Access to a stream of real-time data

Cons

*The Elite plan costs over 300 dollars a month, and that is without exchange fees.

*You have to pay for every add-on you choose.

*Some features are hard to use.

Verdict

This is a very useful tool that can come in handy for anyone willing to put in the effort. Of course, it will cost a bit more than the others, but overall it should be worth it. You can also use the option to check it out with a free trial period of 30 days. Definitely worth giving a shot.

In this review, we will be taking a look at Timothy Sykes, an online trading platform that offers its users various educational and practical features, led by the eponymous trader Timothy Sykes. This platform specializes in penny stocks, and it employs several highly experienced traders or ‘gurus’ as they are known on the website, who share their penny stock experience with their users.

We will explore all the ins and outs of this platform individually, focusing on the key aspects such as Sykes’ backstory, the trading philosophy employed, as well as the various features and resources hosted on the platform. With that in mind, let us take a look at the leading personality, Timothy Sykes himself.Timothy Sykes

Who is Timothy Sykes?

The trader whose name the platform takes is a well known personality in the online trading community. He became a millionaire at the tender age of 21, by using the money (some $12,000) he got for his bar mitzvah, and using it to generate in excess of $4 million in less than 10 years. This is the reason why he is considered something of a legend in the community, a fact which could be said to have gone to his head.

He became known as something of a caustic personality online, and he has tried to make up for this ever since. That is why he places emphasis on transparency in his dealings above all else. Among other reasons, he decided to set up his own day trading platform after coming into contact with various traders who wouldn’t provide proof of their trades. That is why Timothy makes a point of verifying all of his trades, which is a commendable development, especially considering his past.

What services does Timothy Sykes offer?

The services offered by the Timothy Sykes platform can sometimes be a bit difficult to delineate, due to the counterintuitive way in which the site is organized. Namely, the platform is actually two platforms, the main Timothy Sykes website, as well as the Profit.ly website, which is where most of the activity is located.

Profit.ly is a relatively new day trading platform, and it strives to rectify some of the more common problems Sykes had with other platforms of a similar nature. The most important change is that every major trade has to be verified by providing transcripts form a brokerage institution, which helps bolster trust.

As for the chat rooms, there is a wide variety to choose from, seeing as though every guru, of whom there are four, operates two chat rooms. The first chat room for each guru is dedicated to trading, and this is where they will notify their users which trades they are making, which stocks to watch, and so on.Timothy Sykes Offer

The second chat room is the so-called Off-Topic room, in which more informal conversations take place. This is another important aspect to the community fostered on the Timothy Sykes platform. The sense of community is overwhelming, and frank and open discussions are the norm, as per the overarching theme of transparency and openness, even at the cost of being impolite.

There are even internal stories circulation about certain members considered legendary. For instance, it is common knowledge on the platform tha one long time user became a millionaire under the direct instruction of one of the moderators. This helps bolster the credibility of the platform, in addition to providing a healthy dose of motivation to the users.

There are educational videos available in addition to the guidance received inside the chat rooms. These offer in-depth theoretical knowledge, as well as some of the hands-on experience Sykes has gathered from his years of successful trading. These are a great resource for beginners, since they cover the most effective trading techniques with regard to penny stocks.

Sykes also offers what he calls a Millionaire Challenge, a special tier of membership wherein the user is instructed and mentored as to how to become a millionaire by Sykes himself. However, the details of this program are rather vague, since he lists neither the price nor the contents of the program in advance, so prospective users have no way of knowing what they are in for before they commit to buying it.

Prices and Fees

It is very important to know in advance what you will be expected to pay for membership to a platform such as this. Timothy Sykes is actually on the low end of the online investment platform specter, seeing as though the basic plan will set you back around $75 per month. This covers access to the chat rooms, real-time mobile trade alerts, as well as a daily trading watchlist. With that in mind, it is highly likely that by following the advice given in the chatrooms, you will be able to recoup the investment in terms of the monthly subscription, and then some.

Timothy Sykes in brief

This is an excellent platform for the beginner day trader who wants to learn about the markets in a safe way that won’t bust the bank. Membership is quite affordable, when compared to some of the other platforms. The only criticism that can be levelled at this platform is the often confusing and byzantine design and layout of the website, but that is a small price to pay to get access to such a wealth of knowledge.

In this review, we will be taking a look at PennyPro, an online chat room and educational service that focuses on the various trading techniques and tips related specifically to trading in penny stocks, as the name may suggest. It offers a wide variety of different services, such as chat rooms, webinars, educational materials, a mentor program, and a special feature called the SuperNova University.

We will take a look at all of these features individually, in addition to providing some insight into the overall atmosphere on the platform, as well as taking a look at the team behind it. With that in mind, let us take a look at the team first, before going over the various features.PennyPro

Who runs PennyPro?

As with any online investment platform, the people who are behind it, and who provide their expertise to their users are the most important aspect of any particular platform, in the view of most prospective users. However, in this case, answering the question of who runs the platform is a bit trickier than usual.

That is because PennyPro is run by a man named Jeff Williams, and that is pretty much everything we know about him. He was recently promoted to head PennyPro, replacing Steve LeBlanc, which maybe the reason why there is little biographical information available on the site. 

Still, all of the trading advice offered by Jeff is legitimate, so this lack of biographical details may not be as significant as it may seem. We will go over some of the educational material included on the platform in the following section.

What services does PennyPro offer? 

It is important to give a rough sketch of the trading philosophy of PennyPro before we discuss the various features it offers, which are centered around this philosophy. As previously mentioned, PennyPro deals in penny stocks, more precisely, stocks whose price ranges from $0.001 to $5, which are prices anyone can afford to pay for stocks in order to learn to trade.

This wide availability is the cornerstone of all the services provided by PennyPro. It aims to teach its users how to trade based on rigorous data and following best practices, and it does so using a variety of different tools, the most notable of which is arguably the chat room functionality embedded within the site.  

The Live Day Trading chat room is open to all subscribers, and it is moderated by one of the staff at all times. Ths chat room hosts technical discussions about particular stocks, as well as enter and exit alerts. It also features a live audio feed for those who cannot read the chat as it is happening. This is where people trade along to what the moderator is suggesting, or follow the rise or fall of a particular stock together, deciding what sort of play to make.

The educational content on PennyPro is also notable. The viseo lessons contained therein are subdivided into three sections, based on the relative skill level of the user watching them. The first section is for beginners, and it covers the basic trading strategies for penny stocks. The second section is for more advanced users who want to learn intermediate techniques. Finally, the third section is for users who already have a lot of trading experience, so the content is more technical, and the techniques a bit more risky than the previous two sections.Penny Pro Review

The Webinars hosted on the platform are also organized along the same three tier system. Each of these videos runs about an hour in length, and they provide a more in-depth view of all the different aspects of the topic they are covering, In this sense, they are more theoretically complete than the educational videos discussed previously.

The feature that sets PennyPro apart from all other similar platforms is its innovative concept called the SuperNova University. Not only will PennyPro teach you what you need to know in order to trade well, it will also test you on what you have learned. The SuperNova university consists of six semesters with five videos each, and you will be faced with a 10-question test every few lessons, in order to see how much you’ve progressed.

Prices and Fees

Penny Pro offers three tiers of fees and membership statuses. Firstly, there is the Beginner Pack, which runs at $149 for one month. If you want a three-month membership, you will need to pay $249, which is the most popular option. Finally, a whole years’ worth of membership will cost you $799.

These numbers may seem steep at first, but it is important to point out that these are at the lower end of the spectrum when it comes to these investment chat rooms, since the prices can be quite exorbitant on some platforms.

PennyPro in brief 

To sum up the PennyPro platform in a few words, we would say that it offers great educational content, and that is especially highlighted by the SuperNova University feature, which actually tests your knowledge. The chat rooms are a great place for discussion, and if you follow some of the advice given within, you may be able to make some money, perhaps even enough to cover membership costs.

Introduction to Investors Underground

A key factor when creating an online day trading platform is to have the right team leading it. Luckily, Investors Underground has a group of talented traders and moderators led by its founder, Nathan Michaud.

This platform provides multiple trading resources every day so that every user can make a successful trade. Once you subscribe, you will gain access to watch lists, video lessons, and three fully-moderated chat rooms.

Most of these services are yours to use if you pay $197 per month. In addition, this platform is a fantastic place to gain more knowledge about trading business. A variety of traders and experts participate every day, including the founder himself.

If you are interested in day trading, then Investors Underground is the right place for you. It doesn’t matter if you are a beginner or an already established trader in your own right. The platform is there to help users pick the right stocks and see real-time alerts.

However, before you pick your subscription, you have to research the platform properly. We have written a comprehensive Investors Underground review that will guide you in the right direction.

Investors Underground Dashboard

Once you become a subscriber, you will need to access your user dashboard. There, you can pick what you want to do. You could watch the video lessons, access watch lists, or participate in the chat rooms.

Investors Underground Dashboard

Services

Investors Underground aims to provide you with a variety of services. In addition, you will also get advice from many day traders that are also members of this platform. To make this Investors Underground review worth your time, here are some of the most important services they offer:

Investors Underground Chat Rooms

This is where the action happens. The day trading chat rooms are your best scanning tool because they have more than 1,000 members. Furthermore, by participating, you will be getting advice and instructions from trading experts.

You can choose between three chat rooms: Momentum, Swing, and OTC. The Momentum Chat Room is a favorite for most users, while the OTC is the least active one.

Investors Underground Chat Rooms

Watch Lists

Every morning, you will get access to the daily stock watch list. That list can help you make a better choice when it comes to certain stocks, although you are free to make your own judgments. In addition, the list also offers details about stocks that you should be paying attention to.

Investors Underground Watch Lists

Video Lessons

Even if you think that you know everything about day trading, it never hurts to learn some more. Therefore, you can always use the video lessons in the library to research trade even further. These are original videos made by the founder and other members. They will help you learn more about current trading issues and the future of stock exchange. Every week, they release two or three new videos.

Video Lessons

Courses

You don’t have to procrastinate after the markets close. Investors Underground also offers different courses that can help you enhance your trading skills. For example, there are courses about money management, brokers, and different chart patterns. Usually, they are e-courses, and some of them are blogs or in other A/V media format.

Day Trading Courses

The Momentum Chat Room

Out of the three chat rooms, the Momentum one is the one where most users spend their time. It consistently has many traders online, unlike OTC, which is generally empty. You might think that this is some glitch on the platform, but OTC chat room is usually empty because the OTC market is not currently active.

The Momentum chat room looks similar to other online trading platforms. In the top row ribbon, you will find your inbox, chat log review, settings, and sound options.

On your left side, there is a user list that shows the moderators who are currently online. In addition, the list also shows other online users. On average, about 600 members are using this chat room at any given moment.

The main idea behind the real-time trade timeline is the analysis. Both types of users can work together, spot trends, and discuss different strategies. Moderators and members have different views about certain stocks, so this is a good way of finding out what they think.

However, the chat stream is fast-paced, and if you are not careful, you can easily miss something.

The Investors Underground Team

Before subscribing to a trading platform, it is crucial to research the people that stand behind it. After all, they have to be well-known experts with high levels of experience. Otherwise, what are you paying the fee for?

For our Investors Underground review, we have carefully researched the members. Here are the two most important members that keep the IU running:

Nathan Michaud

Nathan founded IU in 2008. He has over ten years of experience under his belt, and he has traded both on Nasdaq and OTC. While creating Investors Underground, he wanted to establish a platform which he could use as well.

He is Stock Trading Chat Room’s main moderator. In addition, he also created the two DVD courses users can obtain: Textbook Trading and Tandem Trader.

Cam B

Cam IUHowever unlikely it may seem, Cam B was a subscriber first, and member of the staff later. He started using this platform back in 2010, and after some time, Nathan Michaud hired him. Now, he takes care of overall operations. Furthermore, he is also creating educational content, and live-trading in the chat rooms.

This team also has ten additional members who all have an investing background. Their experiences speak for themselves, so you can rest assured knowing you are in good hands.

Day Trading Education

We wanted you to see how many resources this platform includes. Therefore, we decided to add them to our Investors Underground review.

There are many of them you can use to gain more knowledge about day trading and strategies. In addition, all of them hold valuable information which you will be able to use in the future as well.

Daily Scans

Nathan Michaud posts daily scans and his commentary about trading actions. However, even if you miss some of them, you can easily find them in the archives. Every member has access to them, and you will be surprised how much you can learn from older scans.

Daily Stock Scans

These scans are worth researching because of Nathan’s personal thoughts. Usually, he gives additional information about day trading, but sometimes he also discusses broader trends as well.

He doesn’t beat around the bush while discussing different trades, which is something most users can appreciate. The scans are not boring and long – he gets his point across in the simplest way possible. The main purpose of these scans is to wrap up the trading day so that all members can see what they have accomplished.

Video Lessons

There are two DVD courses which members gain access to when they subscribe. The Textbook Trader has eleven chapters, and it’s mainly for beginners. Tandem Trader provides you with ten chapters, and it is for advanced traders who want to learn more about strategies and practical techniques.

Furthermore, members can access the video library and watch traditional lessons.

Webinars

Regularly hosted by Nathan Michaud and other moderators, there is a new webinar every week.

If you need to find a specific webinar, then you can look for the topic in the search bar. Moreover, if you want a webinar by a specific host, you can sort them by their names: Emil, Nate or Cody.

However, if you don’t have the time to watch every webinar, you don’t have to worry about it. Every webinar is archived after its initial live viewing, and you can access it anytime you want. And, if you happen to drop in, there are Q&A sessions where users can ask specific questions about different topics they are interested in.

Chat Room Archives

Sometimes life gets in the way, and you cannot follow the chat timeline properly. If that happens, then you can easily access the archives and catch up on anything that you might have missed. In the top bar, you will find a counterclockwise circle. When you click it, it will show you the whole transcript.

Subscriptions and Prices

There are two subscription packages available: Elite and Standard.

While investigating for our Investors Underground review, we delved further into Elite payment plans. There is a one month, three months and a yearly plan.

If you are new to IU and trading, we wouldn’t suggest picking out the yearly plan. You can choose the one-month subscription plan first, and upgrade when you learn more about the platform.

The Standard subscription doesn’t have the same options as the Elite one, but it is an excellent choice for new members. You will get access to chat rooms, watch lists and some interactive webinars. Even though there are certain limitations, it is still worth the money and the subscription will certainly pay off in the future.

Investors Underground Pricing

Advantages of Using Investors Underground Services

  • There are three fully-monitored chat rooms.
  • Experienced staff, with a background in investing.
  • Excellent customer service
  • Daily watch lists composed by the founder himself.

Observations

Sometimes it’s difficult to differentiate between moderators and members in the chat room. However, you can easily check their names in the user list. After some time, you will know all the names by heart.

Investors Underground Review – Final Words

The Elite Subscription is expensive, and we would recommend it to novices that have the time to commit to day trading. Furthermore, there is also the Standard Subscription that most users can afford, allowing them to participate in the majority of IU activities.

Even when there are certain limitations, you can always upgrade your account and get access to even more resources. Not only will you not waste your money, but you will certainly learn how to gain it back as well.

What Other People Are Saying

 

If you want full control over your finances and future, look no further than Merrill Edge. Their platform gives you a wide range of options. You can trade stocks, bonds, ETFs, create investment plans and strategies, and also enjoy a full range of mutual funds.

 

Merrill Edge puts a focus on dedication to its customers. Strong relationships between customers and employees are the foundation of their business. This is achieved by gathering experience from over two million satisfied customers.Customers use helpful tools and research results to improve their investment knowledge and decision making.

What differentiates Merrill Edge from its competitors is the need to provide each of their users with exactly the type of investment strategy they need. They do this by creating informed portfolios, limiting risks and specifying investment time frames.

Here I will try to show all the necessary information about Merrill Edge and its products.

Merrill Edge platform –  tools and accounts

Merrill Edge provides their users with simple investing and banking tools. They combine their research and insights with those from Bank of America and Merrill Lynch, with whom they cooperate closely. You can follow all of your investments and your Bank of America account on the same page using this platform. This feature is also available on mobile devices. You can transfer money between your different accounts in one simple step.

When it comes to helping less experienced users, The Financial Solutions Advisor is a type of service that you can’t find in other places. He is there to sort out your priorities and to create a sound investment plan that suits your personal needs. You can find your Advisor in over 2,000 Bank of America centers.

Merrill Edge also provides educational courses. With this, users can develop a better understanding of trading stocks, bonds and ETFs.

There is a number of useful tools provided by the Merrill Edge platform. These tools are there to help you define and reach your investment goals. Tools that are included in the package are:

  • security profiles
  • MarketPro – advanced training options tool
  • real-time stock market analysis
  • detailed profiles of companies
  • customisable stock screeners
  • third-party analytics and insight
  • mobile investing

When it comes to accounts, Merrill Edge offers a few different types:

  • Personal banking accounts – organized to your needs
  • Online brokerage accounts – for personal investments or as a custodial account
  • Small business accounts – great for managing finances for your business
  • Retirement accounts – with different tax reduction options and deferred growth
  • College accounts – highly flexible investment planning

All of these groups have more detailed options. You can always choose the one that will best suit your needs.

Pricing and mobile trade opportunities

Opening up an investment account with Merrill Edge may cost you up to 600$, depending on the type and account features. You can see the full pricing details on their website.

Merrill Edge puts a focus on simple pricing conditions. They offer a flat rate of $6.95 for equity, and ETF trades with no trade or balance minimum. Some other examples of fees include:

  • Guided investing with a professional portfolio balances and managed by Merrill Lynch personnel for a 0.45% fee annually, with an investing minimum of $5,000
  • Financial Advisor services, personalized to your goals and investment needs, for a 0.85% fee annually, with an investing minimum of $20,000

These are just a few examples. You can find the entire pricing system, which is transparent and easy to read, on their online platform.

Merrill Edge offers access to a number of features and mobile trading opportunities that allow you to stay on top of your investment goals. A number of mobile tools will help you have a clear picture of your account and investment plan. They want to make sure that the entire process is suited to your personal needs, and that you can always get the best possible solution.

For more active and experienced traders, Merrill Edge offers the MarketPro package that gives you total control over the investment decisions. Great customer service is available to all users, 24 hours a day, 7 days a week. You can contact them by phone or email.

Summary

The biggest advantage of Merrill Edge platform is the personalized service they offer to all their customers. They focus on building trust with their users by giving good advice, creating sound investment plans and helping with every aspect of the process. Customer support and lots of informative tools are also a plus. Although, one thing that is often overlooked is the always available access to mobile trading.

 

It is important to note that the website itself is not very user-friendly and a bit difficult to navigate. There are no virtual practice options for trading, which is not helpful for beginners.

In conclusion, Merrill Edge provides a well-rounded service, adjusted to your individual needs and preferences.