21
2011
Why should you trade with OptionsHouse?
An article by 
Lately, OptionsHouse has been in the news for the wrong reasons. It raised flat fee from $2.95 to a flat $3.95. This made me take a fresh look at the popularly known options broker and check if it still remains the cheapest in the pack of online discount brokers. Read on find out:
Free Trades from OptionsHouse
Along with a competitive flat rate of $3.95/stock trade, OptionsHouse is still offering 100 free stock trades for new signups. Guy’s this might be a limited time offer, so with the new rates you must hurry to sign up for a new account and the most out of their package. Remember, their flat rates apply to stock trades only, and for trading in options, spreads and other instruments they have a different pricing structure, which is surely hard to beat.
How to choose your stock broker?
I know it’s a hard choice to finalize on a broker, and some find it tedious to manage multiple accounts, so you must compare product and pricing from leading online brokers and opt for the one which suits your trading style.
To begin with, you will have to navigate through a large number of reviews and compare latest promotions, as online broking industry is witnessing a lot of new competition. Although, it can become much easier if you are aware of your trading needs, whether you are an options trader or you simply want to deal in stock trades. Then, knowing how much you trade on a monthly basis will further help you in narrowing down the choices.
Cheapest Online Discount Broker
OptionsHouse is becoming one of the most popular online discount brokers and the reason is quite apparent. Apart from their flat fee charging policy and free 100 trades, their commissions on options trading (for which it is more popularly known, and in fact, named after that) are quite reasonable. They charge 5 for $5 or $8.50 plus 0.15 per contract which is far better than what other online brokers charge. OptionsHouse is a venture of PEAK6 Investments, L.P., which is a renowned proprietary options trading firm.
OptionsHouse Rating & Ranking
Next, broker firms are time to time honored by surveys conducted by finance firms and media, particularly financial magazines. OptionsHouse has bagged a lot of such title and wards so far like the “Best For Options Traders” awarded by the Barron’s 2009 Online Broker and #1 Rating in Trade Experience, above distinguished brokers like OptionsXpress and ETrade.
Virtual Trading Services and Special Features
OptionsHouse has a wide palette of services and special features that add to the reasons for the company to make a difference. Their Virtual Trading Tool accessible to all members on signing up, though quite comparable to the one of OptionsXpress, is one of the most practical and helpful among all other instruments of various brokers. Their Investment Platform is exceptionally convenient and well-suited for all types of traders. They have successfully tried to make it least distracting for the traders, letting them manage their transactions with an ease.
Investor Education Tools and Resources
Before I finish, their Tools and Education section is equipped with resourceful tools, calculators, screeners and simulators to help an active trader deal with their stock holdings in one of the most professional ways. Time to time, they introduce trading guides, books, informative papers, webinars and various other learning tools to edify the traders with advanced trading and investing tips.
Who should opt for OptionHouse?
If you’re a newbie at investing and trading and feel like putting it through its paces, OptionsHouse is certainly not somewhere you should be! Perhaps, some others discount brokers online like Scottrade might be able to help you with their amateur-friendly gears. Nonetheless, OptionsHouse is a one-stop shop for those who have some experience in trading and are all geared up to soar the skies. Their low cost commission structure and technical tools let you achieve a huge round of applause and then, sky isn’t the limit!
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Too good to be true, but that’s how it is.
[...] Why choose OptionsHouse? Is it a scam? Is it really cheap? | Find …Feb 21, 2011 … Free Trades from OptionsHouse. Along with a competitive flat rate of $3.95/stock trade, OptionsHouse is still offering 100 free stock trades for … [...]