The power of trading markets is now in hands of android users. OptionsHouse has recently launched Android App, and the features look promising. In this post I will discuss about the features of latest OptionsHouse Android App. I will review the brokerage to help you decide whether OptionsHouse is a suitable option to go with in this highly competitive discount broking industry?

$3.95 Flat-Rate Stock Trades

OptionsHouse is one fine name competing in the discount brokerage industry, founded in 2005; it is now ranked among the top industry players. When it comes to trading option contracts, OptionsHouse is hard to beat in pricing along with the wide array of tradable contracts. But, don’t just go by the name, OptionsHouse is a full service broker that along with options lets you trade in stocks, ETFs, retirement accounts and whole host of mutual funds at competitive pricing.

For complete review do read:- 

Why should you trade with OptionsHouse?

Features of the OptionsHouse Android App

The new application allows trading in stocks and options on the go at low commissions. You also get the advantage of trading spreads from options chain. The app allows you to cancel open orders and monitor your positions. Now, no matter where you are, you can always keep a track of your watchlist and set trades in a matter of seconds. The best part is that the app allows you to view charts and fundamentals for symbols; professional traders will love the charts with OHLC and candlestick formats.

To reap the benefits of this android trading platform you need to be a registered member with OptionsHouse.

So what’s new in OptionsHouse Android App?

In this version, you can login to your account using a four-digit passcode, and your application stays logged in even while you switch between multiple apps. You can store your app on the SD card, this will keep your built in memory free and your device can perform better. In this version your watchlist has an additional feature of adding percentage change for your scripts. You are automatically logged in to the last accessed account, and this version comes with many more general bug fixes and enhancements.

OptionsHouse Mobile Trading Apps

OptionsHouse has already developed mobile trading apps for various platforms. Recently, they launched fully functional apps for iPad, iPhone and iPod Touch which can be used for streaming live quotes, trading spreads, placing stocks and options orders along with many more features including the use of their virtual trading platform.

Other mobile device users can use their fully functional mobile website, where they can access every feature that is available on desktop version.

Now the real question is if the OptionsHouse trading platform is right for individual trading needs?

Should you open an account with OptionsHouse?

Well, you might be interested in some other trading platform, or you may already have an account with some leading brokerage, but the research tools from OptionsHouse are simply awesome. So, even if you decide to trade from a different platform, opening an account with OptionsHouse will give you the advantage of using those tools for free.

For those who are still searching for the apt brokerage for their trading needs, OptionsHouse has a pricing and commission structure that you cannot ignore. Along with competitive pricing they have a barrage of trading tools which makes them a better broker in the discount broking industry.

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Is Zecco’s Free Trading Offer a Fraud?

Zecco has time and again come up with interesting features to keep the traders drawn in towards them. For sure, all their attempts have come out unbeaten and so is their screener story. Zecco stock screener with a new application that lets us keep track of all our investments is no exception!

Free Stock Trading from Zecco

The screener that lets us research the market scenario on the basis of market cap, sectoral and annual performance, trading has actually seen a new horizon. We’ve been fools if we overlooked this special feature that comes free for all Zecco account holders like you and me. So, if finding the right choice amongst ETFs, screen stocks and mutual funds has been a hitch so far, worry no more! Read on to find out what makes this stock screener so very helpful, and a lot more you should know about this brokerage.

Stock Screener can be saved as per our choice so that every trading morning isn’t a fuss to find the current trading rates. And, like never before, we (Zecco users) can share the created lists online and the screener interface is trading-enabled that makes buying and selling real-quick.

What does Zecco has for Professional Traders

For even more sophisticated trading activities, watch list, stocks and options research tools, strategy builders and interactive charts come in handy. The lists of top gainers and movers has always acted as the best motivation and the icing on the cake remains the fact that all these features come entirely free for Zecco members. So we just need a sign up to grab all these benefits.

With a little expense, we can claim the tax optimization software and entail a worry-free trading experience. Other premium features that can be grasped at a monthly cost include desktop tools that update us with alerts, streaming quotes and advanced stock analysis. All these tools are really helpful for serious day traders who cannot afford to miss a single trading opportunity and bend their necks on the system throughout the day.

We weren’t all born traders and Zecco understands our needs at beginner’s level so well. With virtual trading platform, we get ample time and opportunity to try our hands trading before actually risking our money.

Zecco Add-ons for a stimulating trading experience

Being a discount online broker, Zecco puts on display practically all financial services you would ever want at minimal costs. Initially known as zero commission cost trade, zecco might not have been able to continue with their zero commission policy, but are one of the most affordable trading platforms with stock trade brokerage as low as $4.95. Affordable ETFs, low cost options, discounted bonds and CDs further make trading through zecco a pleasant, cheap to run and easy on the pocket activity.

User-friendliness and Accessibility

Zecco’s simple, yet comprehensive interface has always been an advantage to us all, not to remind the personalization feature that has always let us make necessary changes to the looks of the interface and help us see first things first (our way!). Fund transfer, account record accessing, view statement, download details are some auxiliary features that add to the user convenience.

For traders in a jiffy, zap trade is a useful tool that allows us to make rapid transactions without actually logging in to the zecco account every time.

Zecco Mobile Lite

Zeccos’ recently launched Mobile Lite gives us a trading opportunity on-the-go. This specialized iPhone Application can be accessed through any smartphone and this sums up to the fact that this discount broker is in no way less than any other fully-functional high priced trading platform.

Read More:-

Broker Reviews 2011 Best Commissions and Fees in Stocks, Mutual Funds, ETFs and Options

Is Zecco’s Free Trading Offer a Fraud?

As we have discussed in the blog some time back, Lightspeed still manages to remain one of the most suitable trading platforms for many. With the coming up of Lightspeed LSPT route, the company has further extended its hands towards active traders who constantly look out for a more suitable trading platform.

Get upto $10,000 in Commission Back

Latest Lightspeed Review for Active Traders

The all new Lightspeed (LSPT) route has been designed keeping in mind the needs of day traders. The LSPT route is on hand to all traders who have Lightspeed membership and provides access to deep liquidity, including displayed and dark market centers, without incurring any ECN, exchange or routing fees.

The LSPT route uses a proprietary algorithm that helps the traders to execute their orders and Buy/Sell commands to the stock exchanges not just with a faster speed but also by paying a nominal execution cost.

Traders can place both profit-making orders (removing liquidity) and limit orders (adding liquidity) without the fear of addition costs and commissions that need to be paid. The LSPT route has been designed to meet the needs of the traders who deal in NYSE, NASDAQ and AMEX equities.

Unlike what people needed to do for maintaining their portfolio for years; active traders have always had an undying need for an apt platform that makes day trading a pleasant experience. And, more than how active traders play their cards, it is important that their trading platform is sound enough on technical as well as managerial aspects to fit the bill.

Lightspeed, has well recognized the needs and has hence come up with LSPT route that not only ensures lightening fast trading speed, low execution costs but also ensure superior customer care for the ease of the clients.  Free access to the new LSPT route, along with the autonomous routing destinations (which are paid), presents Lightspeed clients the advantage beyond compare over other brokers and online trading platforms.

The company who well understand the value of every fraction of a second for a trader has allotted relationship managers to them who are available 24X7 on toll free numbers and email to assist the clients instantly.

Lightspeed has ensured easy access to the route for the existing clients. A simple process of selecting LSPT from the order box drop down menu makes order placing much quick and easy. Or else, you can just map a hot-key to any LSPT Buy or LSPT Sell command. To make it more personalized, you can even configure a new order placing hot key to buy your favorite Buy and Sell commands.

What else would an active trader like you and I would ever ask for under the sky? With more and more features often introduced, Lightspeed will always remain the hot favorite. Still don’t have an account with them? What keeps your hands off them?

Click on the below given link for a quick and easy access to the no. 1 trading platform for active trading: Lightspeed Trading

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Incredible it is! And you will fall in love at the first glimpse of possibilities with this amazing tool. But first a word of caution- This tool is designed to educate investors and is for informational purpose only. You should not conduct trades solely relying upon the New Trade Generator, so use your own brain too.

But, what on earth, you’ve got a helping hand to assist you with all your stock picking R&D and transactions. The OptionsHouse Trade Generator is a silent friend, a virtual colleague or a personal advisor to help you with all that you need when it comes to your trading and investments.

A Patented Technology you won’t find elsewhere

Designed on patent-pending technology, this Trade Generator is a proprietary tool that spawns trading inspirations based on your prospection on the markets in near future. Your trade generator will follow your instincts and instructions before passing on a final judgement to you. With this highly technical tool, you get various trading ideas that let you tow a line of attack based your trade assumptions and market predictions.

Because a new program can be a daunting experience for some, with a live demonstration of the new Trade Generator, you get to know in detail how the program works in real and helps you understand it’s functioning in lesser time. The new trading strategies and trading ideas will open up a wider horizon of online trading in front of you to explore. Traders tend to get emotional with their portfolio at times, but with a trade generator like this one, you will be able to look at a rational aspect of each trade and make wiser decisions. Nothing less than an expert advisor who sits next to you to spoon feed you with ground-breaking trading approach.

Ease of use with Distinctive Tools

The trade generator becomes even simpler with an easily accessible with the trade button towards the right side. To make the task more easy, appreciable and substantial, OptionsHouse Trade Generator is disintegrated into nine types of unique trading tools that ensure distinctive features.

1. Strategy Finder: On furnishing the ticker and sentiment, the user can view possible trades across a range of strategy.
2. Stock Replacement: When you share your opinion on equity, the Trade Generator suggests option trades that offer better Return on Investment than a conventional trade.
3. Covered Calls: Covering your potential risk can open up an opportunity to bag bigger returns at times. By making short positions to cover up the long stock position can become an extra income.
4. Cash Secured Put: Discover new short-put trade strategies that lets you acquire a stock holding at a price better than the one prevailing in the markets.
5. Credit Spread: Take in upfront money to limit the risk by considering selling calls and/or puts.
6. Debit Spread: Consider buying call and/or put spreads to possibly pull down the cost of your strategies.
7. Iron Condor: Study examples of this low risk- low reward strategy for range-bound stocks.
8. Straddle Look: Assumingly affordable straddles have the potential to show a profit based on the degree of stock’s move and not the direction.
9. Time Spreads: buy time value and discover theoretically low-priced time spreads.

All these features of the OptionsHouse Trade Generator make me stick to the trading platform that provides all vital yet unique features that makes trading an interesting as well as a profitable venture.

Get Free Dell Monitor by Funding your OptionsHouse Account

Another reason that is acting as a magnet to draw more and more potential traders towards OptionsHouse these days is the latest promotional scheme. New OptionsHouse customers who fund their trading account with $5,000 to $99,999 for a cash trading or margin account become eligible of getting a Free Dell 27” Monitor. What’s more, on depositing $100,000 to $249,999 for a cash or margin account with OptionsHouse, one can get their hands on a Dell 30” Monitor. However, for one trading account, only 1 monitor can be issued, and also, one cannot combine this scheme with any other prevailing OptionsHouse promotional deal.

This deal is available at individual or joint OptionsHouse accounts, personal trust accounts, and business accounts; however, retirement accounts including, among others, IRA, Roth IRA, SEP, and SIMPLE accounts; 401(k) and 403(b) workplace retirement plans; UTMAs and UGMAs; fiduciary accounts (including custodial accounts, estate accounts); college investment trust accounts; and 529 college savings plan accounts are not qualified for this promotion.

Click on the following image to get 100 free trades

OptionsHouse looks more attractive when compared to TD Ameritrade. Look at following comparison table for pricing difference.

Also Read:-

Is New OptionsHouse Trading Platform Really Worth Your Money?

TradeKing’s Latest Pricing Comparison with Leading Online Brokers

Terrible iPhone App from TD Ameritrade ($AMTD) iStockManager Forced me to Switch to OptionsHouse

Broker Reviews 2011 Best Commissions and Fees in Stocks, Mutual Funds, ETFs and Options

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I have been an active trader for past one year and anyone can tell from my portfolio that I have done pretty well, to know more about it, check out Punit’s Portfolio . Btw I am very active on Twitter, if you would like to trade with me, feel free to follow me on here: Follow Punit

So far I’ve been using TD Ameritrade as my main brokerage for both Stock and Options trading. I admit that the pricing at TD Ameritrade is quite steep but honestly speaking, it was worth it for an active trader like me. Most of my trading is done on my iPhone and I have been using iStockmanager for past 6 months or so. Recently, iStockmanager was acquired by TD Ameritrade and believe me or not, now it is completely a waste of time. There are several problems with the app like

1. Quotes not displaying at all
2. Quotes getting mixed up
3. App crashing on you
4. Not allowing you to trade

For a list of more problems, please visit the Facebook page: iStockManager Problems

I took a further step and opened up a case with Consumer Forum hoping to put some pressure on TD Ameritrade. In the mean time, I have gone ahead and opened an account with OptionsHouse. Quality of service at OptionsHouse used to suck a lot until few months ago; I mean you never got what you paid for honestly. However I was pleasantly surprised at the improvements they have made. Their new trading platform is not just a surprising display of technological innovation but is also a calculative tool for out-and-out traders. OptionsHouse Platform props up a flexible option chain, professional-grade trading tools, and single-click trading. With a Picture-Perfect Trading scenario they create, transacting becomes more of fun than just an unexciting business arrangement. If time management, security and consistency be the questions, well, I found the new OptionsHouse a true friend that cares for each of my needs.  I couldn’t just keep my hands off for long and finally, yesterday I setup a transfer of 10k USD into my account to start using the account.

As I said I use my iPhone for most of my trading, another OptionsHouse feature that appeals me is their neat iPhone app that can be downloaded for free to enable for me trading-on-the-go! OptionsHouse iPhone App lets me monitor my trades and positions, search for tickers, companies and quotes, view quote charts, use trade spreads and try virtual trading.

OptionsHouse is currently offering 100 free trades OR 1 year free subscription to Wall Street Journal and many other offers that you can choose from. Click on the following link to get 100 free trades

OptionsHouse is definitely worth looking into. Their pricing makes them even more attractive as compared to TD Ameritrade. Look at following comparison table for pricing difference.

If you would like to open account with OptionsHouse or need more details, please check out: OptionsHouse Account

Also Read:-

Is New OptionsHouse Trading Platform Really Worth Your Money?

TradeKing’s Latest Pricing Comparison with Leading Online Brokers

Additional costs may include platform fee, annual charges, specialty order charge, and then pricing structure may vary per contract and per trade. What matters most to you is what you pay as trading commissions, but that’s not all, brokers levy many charges and fees which you can only discover after reading the fine print in detail.

We at CompareBroker ( A Leading Broker Comparison Website), have conducted an extensive research and after hours of comparisons and trying out different platforms, we are sharing our finding.

When it comes to commission structure and fee charged, OptionsHouse stands tall on our radar. This online discount broker has recently revamped itself with a new trading platform, which is competent to most top rated brokers who charge hefty brokerage. OptionsHouse is a true discount broker and you will certainly find it cheap to trade in stocks at a flat rate of $3.95/ trade. Options traders will find it much more lucrative than anyone else as they charge $5 for 5 options contrats, and for higher volumes you will have to pay $8.95 plus a small amount $.15/contract. Powered by Peak6 Investments, OptionsHouse lets you trade in millions of contracts under one platform, and what you pay is much less than any other broker would charge.

So, OptionsHouse is what we recommend to active traders who trade in large volumes as they for sure know the benefits of true discounts. You can visit OptionsHouse Official Website for application form, updated pricing and latest trading tools or continue reading more about OptionsHouse New Trading Platform (Launched March 2011).

Also Read ( Why should you trade with OptionsHouse? )

The next broker on our radar is Zecco, which is an ideal discount trading platform for retail traders who occasionally buy and sell stocks. 10 Free Trades each month is their key attraction for small investors, but to avail this promotion you need $25,000 as minimum cash balance in your Zecco account or you should make ablest 25 trades each month. They charge a flat rate of $4.50/trade and compete well in this segment.

Other popular players in discount broking segment that deserve a mention for their unique commission structure and fee charged are:-

• Lightspeed ( Get upto $10,000 in Commission Back )

Also Read: ( Lightspeed- Marching Ahead Organically, Through Acquisitions and Innovation ) & ( Lightspeed Buttresses Wall Street: Money Never Sleeps )

• TradeKing ( Fair Value and fair pricing: 4.95$ / Trade )

Also Read: ( TradeKing’s Latest Pricing Comparison with Leading Online Brokers )

• OptionsExpress ( Get 100$ for Opening an Account )

Also Read: ( What OptionsXpress has been developing in Store for You? )

• Scottrade ( Exceptional Online Stock Broker with Local Branch Offices)

Also Read: ( What made me open an account with Scottrade? )

We rank Zecco as the most suitable trading platform for new investors or those who do not trade much frequently. You can visit Zecco’s Official Website for application form, latest promotions and detailed pricing structure or continue reading Expert Views & Investor Reviews on Zecco.

If you are an ETF guy then the best place to be is TD Ameritrade as they have the widest selection of commission free ETFs that you can trade absolutely free. However, TD Ameritrade, Fidelity and Charles Schwab fall into the category of expensive brokers.

The key to our research was comparing account minimums, additional fees, special trade charges, platform costs, service upgrades and simple trading commissions.

So, after making all possible comparisons and testing trading platforms from a couple of top discount brokerages we have found that OptionsHouse, Zecco, and TradeKing are the most suitable options for retail investors and traders, not just because they are cheap but also that they are most transparent ones.

So, what is your next step?

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