OptionsHouse IRA Review

Best Brokerage for Traditional IRA in 2012


Best Traditional IRA Brokerage Commissions


  • 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 Traditional IRA 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 Traditional IRA 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


Best Traditional IRA Brokerage Summary


Optionshouse provides some of the cheapest commissions on all investment products without compromising on customer service, quality of trading tools and reliability. The firm 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. 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 bond investors. We rated Optionshouse #1 among the Top Brokerage Firms in 2012.

We believe that Optionshouse is a great choice for Traditional retirement account since it does not have IRA setup fee, annual IRA fee, inactivity and maintenance charges. The firm also does not charge additional commission on large orders and after-hours trading.

We strongly recommend Optionshouse for all account types, but especially for Traditional IRA. Investors could open Traditional IRA cash account with just $1,000.


Optionshouse Promotional Code/Offer:


Open an IRA at OptionsHouse Today and Get 100 Commission-Free Trades and up to $125 in Transfer Fees. Optionshouse Reviews




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