optionsXpress review 5-star brokerage firm rating

Best Rated Customer Service Online Brokerage Firm 2012

Commissions and Investment Products

  • Stocks and ETFs: $8.95
  • Options (active traders): $12.95 for up to 10 contracts, $1.25/contract for over 10 contracts
  • Options (non-active traders): $14.95 for up to 10 contracts, $1.50/contract for over 10 contracts
  • Mutual Funds: $9.95
  • Bonds: $5 per bond, $9.95 minimum
  • Futures: 1-40 contracts $6.99; 41-100 contracts $5.99; 101-300 contracts $4.99; 301-1,000 contracts $3.99; 1,001 + contracts $2.99
  • Options on Futures: 1-40 contracts $12.99; 41-100 contracts $8.99; 101-300 contracts $7.99; 301-1,000 contracts $6.99; 1,001 + contracts $5.99
  • Covered Calls: $22.90 up to 10 contracts
  • Penny Options: 1-10 contracts $4.95 flat; 10 + $0.50/contract
  • Spreads, Straddles & Combos: 2-10 contracts - $12.95 Flat (active traders) $14.95 Flat (non-active traders); 10 + contracts - $1.25/contract (active traders); $1.50/contract (non-active traders)
  • Investments: stocks, options, mutual funds, bonds, futures, options on futures, covered calls, ETFs
  • Minimum to open OptionXpress account: $0 for cash account, $2,000 for margin account
  • All OptionXpress fees


optionsXpress Trading Platform/Tools Review

optionsXpress optionseXpress review

optionsXpress.com website has very pleasant feel and is easy to navigate. The firm offers 18 powerful trading tools, some of which are as easy for beginners to use as they are for experienced investors.

Pros

  • Best customer service
  • Many well-designed trading tools and cutting-edge trading technology
  • Free streaming quotes
  • $100 bonus for opening new account
  • No fee IRA accounts
  • Great research
  • Free paper trading
  • No money down to open new account
  • Free account transfers
  • Free instructor lead online classes
  • Free broker-assisted trading
  • Free dividend reinvestment (contact customer service)
  • No platform fees


Cons

  • Higher than average commissions on stocks and ETFs


Best Rated Customer Service Broker Review


optionsXpress offers the best customer service, professional trading tools and is also rated best in Trade Experience, Technical Trading Tools, Usability, Research and Customer Service Access in most investor surveys. Read full OptionsXpress Review.


optionsXpress Promotional Code/Offer: $100 sign up bonus


optionsXpress review


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