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optionsXpress - Best Customer Service brokerage firm
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- Stocks and ETFs: $9.95 if under 1001 shares; $0.01 per share if over 1000 shares
- Options (0-34 trades/quarter): $14.95 (for one contract), $14.95 (for five contracts), $15 (for 10 contracts), $30 (for 20 contracts)
- Options (35+ trades/quarter): $12.95 (for one contract), $12.95 (for five contracts), $12.95 (for 10 contracts), $20 (for 20 contracts)
- Mutual Funds: $14.95
- Investments: stocks, options, mutual funds, bonds, futures, ETFs
- Minimum to open account: $0 for cash account, $2000 for margin account
- All OptionXpress fees and margin rates
optionsXpress.com website has very pleasant feel and is easy to navigate.
optionsXpress offers 18 powerful trading tools, some of which are as easy for
beginners to use as they are for experienced investors.
- Best customer service
- Many well-designed trading tools
- No hidden fees
- No fee IRA accounts
- Great research
- Free real-time and streaming quotes
- Free virtual trading
- $0 to open cash account
- Free account transfers
- Free instructor lead online classes
- Free broker-assisted trading
- High trading costs for stocks and options
Summary
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.
optionsXpress makes up for high commissions by not charging fees which a lot of other brokers charge. There is no
IRA setup and annual IRA fees, no account inactivity or maintenance fees. optionsXpress does not have a surcharge
for stocks below $1, extended hours trading or large-sized orders -- most brokers have one or more of
these charges which makes trade really expensive.
Beginner investors could take advantage of free instructor-lead online classes. They can also call brokers
and place trades through customer support since there is no extra charge for broker-assisted trades.
optionsXpress was rated #1 Easiest To Use by Barron's.
If you are looking for the best service then optionsXpress is the way to go. Because mutual fund commission is a very
reasonable $14.95 and there are no IRA fees, optionsXpress is a good option for mutual fund investors and
for IRA accounts. You could open new (non-IRA) account with no money down and no commitment and see if you
like it as much as we do.
New customers get $100 free for opening new account (you have to use promo link below). You also get your transfer fees
reimbursed if you transfer an account from another institution -- just email them after it's done.
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