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Who is the Best Online Broker in 2012?
Optionshouse Promotional Code: click picture to the left to get 100 Free trades
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What are Best Online Broker's Commissions and Fees?
- Stocks and ETFs: $3.95
- Stocks and ETFs Broker assisted: $3.95
- Two plans for options:
1. Up to five contracts for $5; each additional
contract $1
2. $8.50 + 0.15/contract (great if trading over 10 contracts)
- Two plans for spreads:
1. Up to 10 contracts for $10; each additional
contract $1
2. $12.50 + 0.15/contract
- Mutual Funds: $9.95
- Orders for U.S. treasury bonds and listed corporate bonds are accepted by phone
- Investments: stocks, options, mutual funds, bonds, ETFs
- Minimum to open Optionshouse account: $1,000 for cash account, $2,000 for margin account
- All Optionshouse fees
What are Best Online Broker's Pros?
- Lowest commissions
- Free streaming quotes
- Efficient trading tools
- No account minimums. Minimum initial funding size is $1,000 for a cash account and $2,000 for a margin account
- No fee IRA accounts
- No volume requirements, maintenance and inactivity fees
- Free check-writing privileges
- Free DRIPs (complete shares only)
- No surcharges for large orders and extended hours trading
- Very low margin rates
- Free virtual trading
What are Best Online Broker's Cons?
- For stocks priced $2 or less that are not options eligible, add $0.005 per share for the entire order
- Shortened extended hours trading: 8:00 am - 9:30 am and 4:00 pm - 5:00 pm EST
- International investors are not accepted
Top Stock Broker Review
Don't let the name full you - Optionshouse is not just for options traders. The firm also one of the top stock brokers, providing excellent
services and prices for stocks, ETFs, mutual funds and bonds investors. Optionshouse offers great, $3.95 per trade,
commission on stocks and ETFs, two attractive plans for options traders and low, $9.95 flat-rate commission on mutual fund transactions.
Unlike many other companies, the firm has no account balance minimums, no volume requirement and no minimum number of trades
requirement to get these low commissions.
Because Optionshouse does not have IRA setup, inactivity and annual maintenance fees, it is one of the
Top Stock Brokers for IRA account. The company does not have fees and surcharges on
extended hours trading and large-size orders.
Optionshouse is not a good choice for users wanting to trade penny stocks (we don't recommend investing in penny stocks). The company
also has shorter than normal extended trading hours: 8:00 am - 9:30 am and 4:00 pm - 5:00 pm EST instead of 8:00 am - 9:30 am
and 4:00 pm - 8:00 pm EST.
We don't see any good reasons to overpay a brokerage firm to buy/sell stocks. Optionshouse provides some of the cheapest commissions on all
investment products without compromising on customer service, quality of trading tools and reliability. The company was rated
4 1/2 stars (highest rating) for Trade Experience and awarded an impressive third consecutive "Best for Options Traders"
ranking in Barron's 2011 annual ranking of top stock brokers and we rated it the Best Brokerage Firm in 2012.
Open an IRA at OptionsHouse Today and
Get 100 Commission-Free Trades and up to $125 in Transfer Fees.
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