Optionshouse Review
2012
Stock Trades
Options Base/Contract
Minimum Deposit
$3.95
$8.50 / $0.15
$1,000
- 100 commission free trades with new sign-up
- $3.95 flat rate per stock trade
- 5 for $5 option trades
- Practice Trading and Mobile Trading Platform
- No Additional Cost for Broker Assisted Trades
A review of Optionshouse for the 2011 Barron's review gave them an overall rating
of 4 stars. Rated "Best for options traders". Their platform was updated last
March. Although it is browser based it performs like a downloadable program. The
program offers several layouts and tools one can modify to fit their own needs.
They offer an options-centric platform. The platform consists of several professional level tools that are from market-maker parent, Peak6. Some of the reports that are included with the tools are “conditional orders, informative streaming-options chains and portfolio performance reports” (Barron’s 2011). A customer can pay $150 a month to receive individualized coaching based on your personal experience. OptionsHouse differs from other brokers in that they offer a single platform. The platform is so interchangeable that the desktop of other traders can all have different looks.
Some pros and cons listed by Barron's were: Pros: Rates are very reasonable, highly flexible, streaming data along with a customized platform. Cons: OptionsHouse has no futures or international trading.
OptionsHouse went live in 2005 and they have a 4 star rating from Barron's in 2011. They were founded by Peak6 Investments, a liquidity provider to the options market. They likewise have a Virtual Trading Platform, where one can buy stocks and options without needing to risk their own funds. This broker has been identified for everyone including professionals and novices. OptionsHouse is member of Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).
Stock trading platforms can make or break a brokerage, you could have the most affordable costs on the book however, if it requires an additional 30 seconds to generate a trade then it's not really worthwhile. Buying and selling stocks can be a difficult and perhaps rewarding opportunity for people who are well-informed and familiar with trading. Trading stock and options with an online stock broker can be a lucrative opportunity for the well-educated and informed individual to increase their potential profit.
Opening an account is a simple process and is accomplished in a reasonable amount of time. You'll be able to fund your broker account numerous ways such as personal or cashiers check, online ACH transfer from your bank, ACAT transfer, or a wire transfer. You only need an opening account balance of $1,000 and you're all set to invest with a highly reviewed platform.
OptionsHouse comes with a streamlined platform and virtual stock exchange in which the tools can be used. They provide a complete trading platform and have numerous professional tools and resources available to assist the more knowledgeable investors. The mobile trading platform is particularly of importance to professional traders that need to make trades and view their portfolios using their Blackberry, iPhone, or Droid phone. Trading tools are an essential thing to consider simply because they can provide you with more versatility when generating transactions and provide increased guidance for a trader.
Tools offered include volatility charts, options list, streaming charts and news, a probability calculator and a number of options specific tools aimed at that type of investor. In combination with utilizing the fundamental investment tools and research, many investors discover when they have access to live help and support their chances for success increase dramatically. OptionsHouse delivers a variety of tools which can help one to find buying and selling opportunities.
Optionshouse Review Highlights
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Browser Based Trading Platform
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Smart Order Routing
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Weekly Options
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Pink Sheets Trading
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No additional fee for broker assisted trades
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3-4% Margin rate
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Investment Coaching
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7,200 Mutual Funds
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Corporate, U.S. Treasuries, and Cert. of Deposit Bonds
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No Maintenance Fees
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Virtual Trading Platform
Optionshouse Promo Codes
The following link will take to you the most up-to-date Optionshouse promotional
codes. These offers often include ACAT transfer rebates when you transfer a
different brokerage account to Optionshouse, wire fees rebate, 30 days of free
investment coaching, and 100 commission-free trades. Also, below are the links
for other Optionshouse promotions available.
See OptionsHouse's Current Promotions.
Open an IRA at OptionsHouse Today and Get 100 Commission-Free Trades and up to $125 in Transfer Fees.
Open an Account at OptionsHouse and Get a Free Subscription to Financial Times.
Get a Free Dell Monitor When You Open and Fund an Account at OptionsHouse.
Get Free Morningstar Investing Newsletters When You Open and Fund a New Account at OptionsHouse
Visit Optionshouse
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