Mondeum Capital Review

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Contributor, Benzinga
June 5, 2023
Mondeum Capital
Overall Rating:
securely through Mondeum Capital's website

Mondeum Capital is a dynamic broker-dealer offering innovative solutions to active traders. With its cutting-edge technology, competitive pricing, and dedicated customer support, Mondeum empowers active and experienced self-directed traders to navigate the financial markets confidently. Mondeum combines advanced technology and routing logic with a user-friendly onboarding process, offering active traders secure connectivity and infrastructure and the seamless customer experience and accessibility they deserve. 

Mondeum’s modern platform provides seasoned professionals with the tools and resources they need to trade competitively. The company understands the core needs of modern traders and has built an offering that combines low-latency trading platforms with timely support, enabling traders to maximize their potential. Although currently limited to U.S. equities and exchange-traded fund (ETF) trading, Mondeum has plans to broaden its range of asset classes and jurisdictions.

Benzinga explores Mondeum’s core offering, highlighting its ability to enhance the trading experience for active day and self-directed traders.

Best For
  • Active day traders looking for advanced technology and personalized support
  • Self-directed traders seeking a seamless and tailored trading experience
  • Experienced traders in need of sophisticated technology and solutions
  • Traders who value competitive pricing and powerful day trading tools
  • Individuals with experience using margin looking for a broker-dealer that offers next-generation active trading solutions
Pros
  • Advanced technology and powerful trading platforms
  • Personalized support
  • Competitive pricing
  • Streamlined and fully digital onboarding process
  • Simple fund transfer and straightforward account management
  • Next-generation solutions for active trading
Cons
  • Limited asset classes and jurisdictions (currently only U.S. equities and ETFs)
  • Limited to experienced traders
  • Relatively new in the market, lacking an established track record
  • Limited availability of trading platform tutorials

Mondeum Capital Ratings at a Glance

Products
Customer Service
Security
Minimum Investment and Pricing
User Experience
Overall

Mondeum Capital Products

Mondeum Capital provides cutting-edge trading platforms for advanced traders seeking to implement their trading strategies. The company's available trading platforms offers a range of powerful features, including advanced charting, real-time market data and custom alerts. 

These tools empower traders to take control of their trading, customize their preferences and optimize their order flow for enhanced trading performance. Traders can choose between two advanced platforms — Sterling Trader® Pro and DAS Trader Pro — for their equity and ETF trading. Here's a breakdown of the specific features for each of these platforms. 

Sterling Trader® Pro

Sterling Trader® Pro is a feature-rich trading platform designed for speed, stability and efficiency. It provides high-performance functionality, allowing traders to access real-time level 1 and 2 market data for accurate market analysis. The platform offers fully configurable hotkeys and hot buttons, enabling traders to execute trades quickly and efficiently. With advanced charting capabilities and over 90 configurable studies, users can analyze market trends and make informed trading decisions. 

Additionally, Sterling Trader® Pro offers color-based window linking, multiple stop types and sophisticated real-time scanning tools for identifying trading opportunities. Traders can also take advantage of basket trading, position management and customizable market data watchlists and trading alerts to effectively manage their positions and stay informed about market conditions.

DAS Trader Pro

DAS Trader Pro delivers powerful trading executions leveraging real-time market data, robust order routing capabilities and other advanced features, providing users with a comprehensive trading experience. The platform is built on robust and stable technology, making it ideal for active trading. Its collocated order execution features enable fast trade executions. At the same time, the instant streaming of market data provides traders with real-time access to crucial market information. 

Real-time account management allows for seamless monitoring and control. DAS Trader Pro features order routing and multiple stop types, allowing for various trading strategies. Its support for multiple monitors enhances productivity, while its advanced charting software enables in-depth analysis for informed trading decisions. 

Mondeum Capital empowers traders with control over their order flow through a comprehensive suite of smart order routes. Traders can choose from various routes based on venue type, allowing them to optimize their trading strategy and potentially benefit from rebates. Mondeum Capital also offers the option for custom routes tailored to individual specifications, providing traders with further customization and control. 

These comprehensive offerings make it an ideal choice for experienced self-directed traders seeking to elevate their trading capabilities and take their strategies to the next level. At the moment, traders' asset classes are limited to U.S. equities and ETFs. Benzinga rates Mondeum Capital 4 out of 5 on product offerings.

Mondeum Capital Customer Service

Mondeum Capital offers customer support primarily via email and phone. Whether you, have a support request or wish to get information about the company and its solutions, you can easily reach out via these channels. The FAQ page provides valuable information on onboarding, funding, fees and general trading. It is advisable to consult this resource before contacting the support team, as it will likely address most of your questions and concerns. 

Additionally, social media platforms offer an alternative means of connecting with the company. Mondeum Capital maintains an active presence on Facebook, LinkedIn and Twitter. You can stay informed about news, important notices and media coverage by visiting the News and Views page. The company lacks reviews across independent platforms like Trustpilot. So it's hard to tell how customers feel about its overall service offerings and customer support. Benzinga rates Mondeum Capital 4 out of 5 on customer services.

Mondeum Capital Security

Mondeum Capital prioritizes the security and privacy of user data and employs industry-best practices, like multi-factor authentication, to prevent unauthorized access. Account signup follows strict security protocols to protect client information. The company collects personal information (like income, investments objectives,trading experience) and identifying details (like name, address and contact information) to assess the suitability of its services for potential traders. 

Mondeum Capital does not share customer information with third parties unless necessary for optimum service delivery or regulatory compliance. The company conducts a compliance review for each application, using tools like Comply Advantage and Trulioo for identity verification to ensure adherence to regulatory requirements. Benzinga rates Mondeum Capital 5 out of 5 for security. 

Mondeum Capital Minimum Investment and Pricing

To open a Mondeum Pro account, you need a minimum initial deposit of $25,000 via ACH or wire. Trading fees apply, including a $0.0005 per share flat rate commission and $50 inactivity fees if you fail to conduct trading activities for 90 days. Additionally, access to DAS Trader Pro and Sterling Trader Pro is subject to a monthly fee of $150 and $175, respectively. Clients who open and fund their accounts are eligible for three months of free access to the platform.  

On the company's website, you can request a free demo platform account — Sterling Trader(R)  Pro or DAS Trader Pro. If your monthly trading activity goes beyond 500,000 shares, you will qualify for a rebate on the trading platform fee. However, you'll still be subject to applicable market data fees. Other fees include money transfer fees and voluntary action fees. It's essential to review the fees before funding your account. Benzinga rates Mondeum Capital 3.5 out of 5 on minimum investment and pricing.

Mondeum Capital User Experience

Mondeum Capital offers a user experience tailored to advanced self-directed traders, providing powerful trading platforms, customizable features and comprehensive support. With a focus on speed, stability and advanced technology, the company strives to enhance the trading experience for its users. The company provides traders with a compelling package, including a streamlined onboarding process, timely customer support and full control over their order flow through a range of smart order routes (SORs).

Traders can choose specific smart order routes based on venue type (i.e., lit, dark, etc.) a payment for order flow (PFOF) route or request custom routes to further enable them to optimize their trading strategies. Account setup is also simple and straightforward. Once a trader provides the required and accurate information on the onboarding portal, their application can be approved by client services within one business day. Typically it takes 1 to 3 business days. Subsequently, the trader can proceed to create a funding profile and deposit the $25,000 minimum. Regular platform fees start the fourth month since the company offers three months of free access to your choice of two trading platform. Benzinga rates Mondeum Capital 5 out of 5 on user experience.

Mondeum Capital vs. Competitors

Mondeum Capital has a few competitors, like Interactive Brokers and Charles Schwab. While they share similarities, such as providing trading services and catering to investors, each platform has unique features and strengths. Interactive Brokers is geared towards active and experienced traders, offering advanced trading tools, global market access and competitive pricing. Charles Schwab targets a broader range of investors, providing user-friendly platforms, a wide range of financial services and access to investment products.

Mondeum Capital focuses on active and experienced self-directed traders, offering advanced trading platforms, personalized support and next-generation solutions. Interactive Brokers excels in its advanced trading features; Charles Schwab offers a comprehensive suite of financial services; Mondeum Capital caters to the specific needs of active traders.

Mondeum Capital Overall

Mondeum Capital offers a compelling trading experience by merging advanced technology with low costs and a smooth customer experience . Thanks to its streamlined onboarding process, traders can quickly get started, easily transfer funds and conveniently manage their accounts. They can also pause their trading accounts as needed. 

Mondeum Capital provides timely support to its traders. With a focus on empowering traders, Mondeum Capital stands out as a trusted choice for active, self-directed traders seeking a comprehensive, user-friendly trading solution. However, the platform is relatively new and lacks educational and research materials available on more established platforms. Additionally, it offers limited assets comprising only U.S.-based equities and ETFs. Benzinga rates Mondeum Capital 4.5 out of 5 overall.

Frequently Asked Questions

Q

Where is the best place to trade online?

A

The best place to trade online depends on individual preferences and needs, with popular options including platforms like Interactive Brokers, Charles Schwab and Mondeum Capital.

Q

Can you make a living with online trading?

A

Yes, it is possible to make a living with online trading, but it requires expertise, knowledge, disciplined strategies and consistent performance. Online trading, and day trading specifically, is extremely risky and is not appropriate for everyone.

Disclosure: Mondeum Capital maintains an agreement with Benzinga to compensate them for reviewing and promoting Mondeum Capital’s services. Benzinga has a financial incentive to encourage you to visit Mondeum Capital’s website. Benzinga is not associated with Mondeum Capital and does not render any advice or services on behalf of Mondeum Capital.

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About Chika Uchendu

Chika Uchendu is an investing writer and investment platform analyst passionate about helping people learn more about managing their finances, making informed investment decisions, and navigating the complex landscape of investment platforms to find the best options for their financial goals and needs. He has over 8 years of experience writing compelling articles for various reputable publishers across diverse topics. When he’s not writing content, he’s wrangling and analyzing data to help businesses make informed decisions.