Optionshouse Fees, Commissions, IRA Account Rates Schedule, Brokerage Mutual Funds Fees Review, Stock Trading Costs, ACAT Fee in 2017

Acquisition By ETRADE

ETRADE, which acquired OptionsHouse last year, now fully integrated OptionsHouse and discontinued the brand in August of this year. Please visit ETRADE (review) instead.

Optionshouse Fees and Trading Commission Structure

Stocks and ETFs $6.95 ($4.95 if making 30+ trades per quarter)
Stocks and ETFs broker assisted $34.99
Options $6.95 + $0.75 per contract ($4.95 + $0.50 if making 30+ trades per quarter)
Mutual funds $19.99
Futures contracts $1.50 per contract, per side + fees
Fixed Incomemarkup or markdown and any transaction fee will be included in the price quoted
Bonds$1 per bond (minimum $10, maximum $250) for online secondary market trades. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities.

Investments stocks, bonds, mutual funds, futures, fixed income, options, ETFs
Etrade minimum deposit to open account $500 for a non-retirement account, $0 for a retirement account, $2,000 for a margin account
Promotion links Etrade promotions

Optionshouse IRA Fees

Fee Amount
Optionshouse IRA setup fee $0
Optionshouse annual IRA fee $0
Optionshouse IRA termination fee $0
Optionshouse account maintenance fee $0
Optionshouse account inactivity fee $0
Optionshouse outbound full account transfer (ACAT) fee $60
Optionshouse outbound partial account transfer fee $25

Optionshouse Margin Rates

Debit Balance Margin Rate
above $1,000,000 6.25%
$500,000 - $999,999.99 7.25%
$250,000 - $499,999.99 7.75%
$100,000 - $249,999.99 8.25%
$50,000 - $99,999.99 8.75%
$25,000 - $49,999.99 9.25%
$10,000 - $24,999.99 9.50%
$0 - $9,999.99 9.75%

Optionshouse Cash Rates

Dollar Range Annual Percentage Yield
All 0.01%

Optionshouse Fees

If an ACH originated at OptionsHouse is returned, the broker charges $30. The broker assesses the same fee if a wire is returned.

While OptionsHouse does not charge any special fees for an IRA that is open, closing a retirement account costs $60. Scottrade, by comparison, does not charge anything to close an IRA.

Stocks that are priced under one dollar incur a surcharge of $0.0005 per share. Schwab and Fidelity don't charge extra for penny stocks.

Many brokers nowadays offer cash management tools free of charge. Merrill Edge and TD Ameritrade, for example, provide checks and a debit card at no cost to all clients. Check reorders are also free. OptionsHouse traders, however, must pay a $35 annual fee for the broker's debit card and a $20 yearly fee for checks. Check reorders also cost $15.

Paper statements at OptionsHouse cost $2 each. The broker even charges to mail out tax documents. Most firms send hard-copy tax documents to their clients free of charge, and Fidelity offers paper statements at no cost.

Every mutual fund trade at OptionsHouse costs $20. This policy is rather unusual in the brokerage industry. Most brokers offer a selection of funds that are free to trade, including WellsTrade, Merrill Edge, and E*Trade.

Transferring an OptionsHouse account to another brokerage firm costs a fairly steep $75.

Voluntary corporate actions cost $50 at OptionsHouse. One example of a voluntary corporate event is a tender offer.

The broker charges $15 per quarter to hold worthless securities. These are securities that have a $0 value. They might need to be held for tax purposes.

Fees That OptionsHouse Does Not Charge

OptionsHouse offers its desktop trading platform free for all clients. There is no account minimum needed, nor are there any trading requirements. Other firms do charge or set various account minimums. Firstrade, Scottrade, and TradeStation all impose fees or account minimums to use their trading software.

Several brokers charge an inactivity, low-balance, or annual fee for a securities account. WellsTrade, for example, imposes a $25 low-balance fee. Vanguard has a $20 annual fee. OptionsHouse has none of these, which makes having an account with the broker simple and easy.

OptionsHouse does not charge anything extra beyond its standard $4.95 base commission for option exercises and assignments. Most brokers do have a surcharge, including TD Ameritrade and Sogotrade.

Optionshouse Incentive, Review and Website Link

Read full Optionshouse Review.

Optionshouse incentive: At OptionsHouse by E*TRADE, active traders get $4.95 trades + 50₵ per options contract.

Optionshouse fees are accurate as of 2017 and are subject to change. For the most recent information on Optionshouse fees visit their website:


OptionsHouse Virtual Trading

A sophisticated web-based trading platform is available to OptionsHouse clients without any frequent trader requirement. A nice feature of this platform is the ability to switch from the regular brokerage account to simulated trading. In this mode, investors can practice trading in the same platform without putting real money on the line.

The platform has many important features, such as charting, option research, market news, order entry, and strategy testing. The Java-based platform is user friendly and easy to learn. At the top of the platform screen is the account number. Clicking on the account number produces a drop-down menu where the user can switch to a practice account with $100,000 of fake money.

Optionshouse paper trading

All of the same platform features in the real account are also available in the paper-trading account. This means that investors can practice day trading or the use of margin. The simulated platform can also be reset to $100,000 at any time. Paper-trading capability is a permanent feature of the platform, so OptionsHouse customers can always practice trading.

Optionshouse paper trading

Conveniently, the broker also offers paper trading on its mobile app. After logging in, users can select paper trading. Clicking on the account number produces a menu where the simulated platform can be selected. All the regular app features are still available in the simulated version. Users can practice trading stocks, options, mutual funds, and ETF's with $100,000 of virtual money. Also available in the mobile platform is the use of margin and day-trading capability, two areas where traders often need some practice.

Optionshouse virtual trading

With OptionsHouse virtual trading you'll learn to trade or test your strategies — before you invest. Their virtual trading platform is built and tested by professional traders, and delivers the same professional-level tools, data and functionality as their live platform. With it you can:

  • practice your investing skills in a risk-free environment
  • test your ideas before committing your money
  • instantly see results of your virtual actions based on real-world results
  • take advantage of innovative idea generation and risk-management tools, including streaming charts and volatility assessment

Opening account with OptionsHouse is free and takes about 10 minutes. If you decide you are ready to trade with real money, OptionsHouse offers very low $4.95 stock/etf commission and $4.95 + $0.50 per contract rate for options traders.

Best Paper Trading Brokers Comparison

The primary advantage that paper trading on the thinkorswim platform has over OptionsHouse is that thinkorswim has forex trading, whereas OH does not. Many investors have little to no experience with forex and futures, so a practice account for those products is a major advantage. Due to the volatility and leverage of such products, investors should definitely practice trading futures and forex before committing real money. The vast majority of brokers don't have practice accounts for forex and futures, so TD Ameritrade has a unique advantage in this category.

The OptionsHouse platform is more simple and streamlined than thinkorswim. New investors who have little or no experience trading any products would probably do better on the OH platform. Thinkorswim has more features and is therefore more complicated and difficult to navigate.

One disadvantage of the thinkorswim desktop application is that users cannot switch between the standard trading system and paper-trading. With the mobile app, users can switch between the two trading accounts without having to log out and log back in. OptionsHouse's web-based trading platform and mobile app both have the ability to switch between accounts without logging out.

The thinkorswim mobile app has CNBC live steaming, chat rooms for education on the platform and discussions with other customers, and several ways to contact customers service. The OH mobile app unfortunately has none of these features. Novice traders would benefit from these features on the thinkorswim mobile platform.

Updated on 8/31/2017.

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