6
2010
Best Marketing Stunt EVER – Free Online Stock Trading
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Someone once asked me this trivia question. Read the question and think for a moment before reading further to get the answer.
Question: What is the best marketing keyword
What is your guess?
The answer is FREE, yes as soon as someone hears the word FREE, suddenly the offer becomes attractive. Today I am going to write about the stunt that OptionsHouse has pulled recently by offering 100 absolutely free trades to its customers. Yes you heard it right, FREE with no obligations. If you do not like OptionsHouse after you have maxed out your first 100 trades, simply move on! From what I hear, OptionsHouse is doing an excellent job at retaining customers also. So chances are you will continue to stick with them. Details of the offer are as below:
Open an account with Options house before April 30th 2010 and get 100 commission free trades. This a perfect account to open if you want to learn the basic techniques on how to trade. This offer is valid for not only buying stocks but also on buying options, mutual funds or IRA accounts. OptionsHouse provides excellent customer service and have the lowest long term rates also.
For example a single trade it costs you $ 4.95 to execute with Tradeking. However if you are trading with OptionsHouse, it only requires $ 2.95 to execute on Options House. Both these rates are much lower than $ 7.95 of Fidelity.com, $8.95 for Charles Schwab and $9.95 for Etrade. Similarly doing 5 contracts cost you just $5 on Options House compared to $ 14.95 on Options Xpress.
So what are you waiting for try out this great new brokerage firm which is revolutionizing the rates in the industry. Till date our customers have not reported any problems to us from the website but if you happen to find any. Please let us know. Leave a comment here so it can help other investors like you. For opening an account with OptionsHouse, please click the following link:
Get 100 Commission-Free Trades at OptionsHouse.com!
Happy weekend everyone!
About the Author: Compare Brokers
CompareBroker an affiliate of best online brokerage firms helps consumers compare and search various online brokerage firms, futures trading brokers, low cost discount brokers, top mutual fund companies, investing stocks and bonds in terms of maintenance fees, stocks purchase fees, minimum deposits required etc
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I found this article useful in a paper I am writing at university. Hopefully, I get an A+ now!
Thanks
Bernice Franklin
Thanks. Glad to help!
I started using OptionsHouse last month and their trading platform is little bit annoying in the beginning that it opens up and takes entire space. Since I had 100 free trades when I opened my account with OptionsHouse, I kept using it for couple weeks (and I actually made pretty good money because I almost operated like a day trader, did not care about brokerage fees
) After some continuous usage, I started to like OptionsHouse a lot.
Honestly speaking I really love their contextual menu options when you can right click and issue commands to the system. I recently purchased several stocks using my optionshouse account without any problem.
There is a lot of bad information out there regarding brokers. Reading through all the brokerage account reviews, I got so fed up that I just opened up a bunch of accounts and tried them all out. When I tried out the services myself I had some interesting findings.
Regarding trading platform quality, IMHO OptionsHouse is little bit on the cheap side
in the sense that their platform is not as pretty looking as others such as Zecco or TD Ameritrade or likewise. First of all TD Ameritrade charges you freaking 10$ per trade. If I started with TD Ameritrade, I would have paid 1,000$ to them just for learning how to trade. With OptionsHouse I had the luxury to try out and learn my way through stumbling. Note that for some brokers, you will get the best experience with their desktop application, while with others, you’ll get a better experience via trading through the web.
TD Ameritrade has a problem in how they handle limit orders and also they have screwed their customers in several instances which leads me to not recommend the service.
When you are doing Options Trading cost per contract is very important to you. After OptionsHouse, the cheapest per contract fee I have seen is Zecco at 50 cents. The typical retail trader is not trading 1000 contracts at a time. For those that are, OptionsHouse is obviously the best choice. Don’t forget about option exercise and assignment fees, which can vary greatly. Zecco is at $4.50 while OptionsHouse is at $5. TD will run you $19.95!
Best discount brokers for stock and options trader is TradeKing and OptionsHouse. If you just trade stocks, add Zecco to that list.
OptionHouse is so bad!!! I am so angry!!!
I have an account in OptionsHouse, but from 10/25/2011 till now (10/27/2011), the data of The Daily P/L, Month To Date, and Year To Date are always WRONG! I contact them for more than 5 times, but the severe problem is still not fixed till now. Moreover, the attitude of the representatives of OptionsHouse are not good. They seem to think I should accept such WRONG numbers. Their manager whose name is Paul even said to me in the phone that If I want, I can tell him any numbers, and then they can just use these numbers to update the data in my OptionsHouse account. I contacted them so much times. But they think it is normal that their system has problems/bugs, the manager Paul even said that he cannot guarantee to provide me correct data in my account. Also, they never apologize to me about their system problem so far. I am so angry and still waiting for the results. This severely disturbed my operation in the OptionsHouse platform and lead to big loss of mine.