|
Optionshouse - 2012 best discount online stock trading brokerage website
Optionshouse Promotional Code/Offer: click picture to the left to get 100 Free trades
|
Optionshouse: 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
Optionshouse 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
Optionshouse 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
Optionshouse Review
Don't let the name full you - Optionshouse is not just for options traders. The firm also provides excellent trading
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.
The firm has no account balance minimums, no volume requirement and no minimum number of trades requirement to get these low commissions.
Because of no IRA fees, Optionshouse is one of the
Best Brokerages for IRA account. Unlike most other companies, the firm has no fees and surcharges on
penny stocks, extended hours trading and large-size orders.
Optionshouse might not be the best choice for users new to investing. The company also has shorter than normal extended hours trading
hours: 8:30 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 reasons to overpay a brokerage firm to buy/sell stocks. Optionshouse provides some of the cheapest commissions an all
investment products without compromising on customer service, quality of trading tools and reliability. OptionsHouse 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 online 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.
|
|