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Requires three year contract with hefty termination penalty. Some Pulse peripherals require third party mobile apps. Bottom Line: ADT Pulse offers just about everything you could want in a full service home security system, including many component options, support for popular third party smart home devices, and a solid app experience. Read ReviewSimpliSafe Home Security System ReviewMSRP: $229. 96 at Pros: Affordable hardware, reasonable monthly monitoring fees. No contract required.