Don't miss

OptionsHouse Promotion Code

By on November 6, 2012

If you’re going to open a new account with OptionsHouse, make sure you claim the OptionsHouse promotion listed below!

Latest OptionsHouse Promo Code:

Click below to claim promotion code


 Basic OptionsHouse Review:

Investors who are looking for a bargain when it comes to trades need look no further than OptionsHouse. This brokerage offers trades at only $3.95 each and has been named by Barron’s the “Best for Options Traders” for four years running. This year, they even took home the top prize for mobile trading apps.

Easy to use

The platform is easy to use and margin rates are low. Users say the site offers a great experience. There are no futures or FOREX, investors won’t have access to international markets and level II quotes aren’t offered. Retail investors who wish to save on commissions tend to love this brokerage as do options traders who wish to have in-depth trading tools at their hands. Those who prefer to trade while on the go feel this is the best site to choose also.

OptionsHouse fees and commissions

Equities and broker assisted fees are only $3.95 each. Choose five contracts for $5 plus $1 per additional contract or you may pay $8.50 plus 15 cents per contract. There are no platform fees and mutual funds are $9.95 plus load. Margin rates range from base plus 3.75% to base plus 1.25%. Options traders find the contract pricing to be among the mostf attractive in the business.

Types of Investments

Equities, options and mutual funds are offered. For those interested in foreign investments, futures, FOREX or international exchanges, another brokerage will need to be selected. Many options traders who wish to invest in these areas choose to have two accounts, one with a brokerage for those areas and another for options trading at this brokerage.

Education, research and tools

Among the many OptionsHouse account features are free live streaming quotes, tax lot selection and mobile trading. Take advantage of a promotion and you may receive research reports, market analysis and/or market commentary. Maxit Tax Manager assists investors at tax time by estimating capital gains tax among other things. Stock Screener aids investors in identifying investment that fit well into their current portfolio. Many other feature rich tools are offered. Free tutorials, webinars and workshops are available and new customers may take advantage of personal coaching free for 60 days.

One drawback to this brokerage is customer support is not available around the clock. E-mail, live chat and phone support are offered during their customer support hours. Each investor will need to determine if he or she is comfortable with this.

Have you used OptionsHouse before? Add your own OptionsHouse review and rating here.

 

About Peter Voga

Self-confessed coffee addict. Family man. Rage Against The Machine fan. Lover (and sometimes hater) of the stock market. Founder of BrokerChats. For more, follow me @petervoga or check me out on Facebook or Google+.

Leave a Reply

Your email address will not be published. Required fields are marked *

Click stars below to rate.
Tools & Research
Ease of Use
Range of Investments
Commissions/Fees
Overall