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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The New Trade Generator and Dell Promotion from OptionsHouse’s Powerful Investment Suit

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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.

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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

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I had become so much accustomed to OptionsHouse trading platform and the features that I often dropped comments and feedbacks at other stock broker sites, looking for similar features.

One day, I logged in to my usual trading platform to execute some transaction, and what I saw was a Surprise! The platform with a whole new face-lift, well not just a face-lift but completely revamped welcomed me aboard.  Although, it was all much unexpected, exploring through the new version of my already favorite trading platform was an adventurous experience.

$3.95 Flat-Rate Stock Trades

Why should you trade with OptionsHouse?

As a matter of fact, it took me some time to understand the new design as things din’t come naturally to me, but once I figured out the difference between the old and the new platform, I actually appreciated their effort, not just because it gave me something different, but I eventually realized there were so many features that would have been upgraded but I never realized until they insinuated there is always a scope for improvement. That’s what I really felt, what I had always believed to be the best has now become even better! (And I feel short of superlatives that we were taught in the high school!)

Trading becomes a seamless, uninterrupted, high-speed, out of harm’s way, and what not! Probably, picture perfect trading is what I would call I experience with this widget. I almost fell in love with how petty concerns were given utmost attention to bring out a stunning success.

So let’s take a sneak-peak at what the new platform encloses for us all to explore and benefit from.

Now Enjoy Lightening Fast Trades on OptionHouse Platform

Timing plays a crucial role when it comes to day trading. So a trading platform ought to have a good speed; in fact, the faster, the better! The new OptionsHouse trading platform is designed to ensure real high speed. Data and quotes stream at a fast pace and a latest built-in trading ticket can be commenced from almost any window on the platform. Just hit off with your mouse any ‘blue link’ on the account screen to promptly straighten out a trading ticket.

Like Never Before Customize your Trading Platform for More Control

So what doesn’t look all the more better when you have the freedom to tweak it your way? Well, the new trading platform is all-set for personalization, so simply lay your hands on the tool to add or remove Widgets as per your choice, view multiple chains, and change appearance of your option chain. What’s more, although the background color which is now black by default, a little visualization enhancement is on and soon you’d be able to change it as per your preference.

Customization of the layout is not provided by online stock brokers in the first place; and even if it is, it’s never been so smooth and helpful before. With a list of layouts to choose from, you can now make your trading platform look the way you want it to.

Between, if you miss that sweet, little feature that allowed you to click on the symbols on the watchlist; brace yourself, as they are soon enabling the feature again, on request! So, who’d be more concerned to walk through all the steps again and bring back something you mentioned you need?

Amazing Trade Tools at your Finger-Tips

You can also take advantage of the Trade GeneratorTM, which looks around for trade opportunities based on user-input.

Get More with Advanced Order Types

The new advanced order types, such as OTO (Order Triggers Order), OCO (Order Cancels Order), OTOCO (Order Triggers OCO), and OTT (Order Triggers Two Orders). The order summary area lets you to immediately review and confirm any standing order commands.

The Transition to the New Platform

Because they understand us, and want to proffer the very best to us, the changeover from the old to the new platform has been kept slow and easy. It is not forced upon you, rather they let you embrace each small part of the new thing and accept it as it comes. They’re open for feedbacks, comments and suggestions, and working tooth and nail to bring about something commendable, something worthy, up to expected standard. Each one of us matter to them, that’s what makes me one of the most committed traders who use OptionsHouse and say it loud and clear- some perfect things get even better with time!

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You may be anywhere in the world, but trading in stocks is always a few clicks away, just ensure that the broker you choose is capable of providing seamless and lightening fast services.

What made me open an account with Scottrade?

Why should you trade with OptionsHouse?

• The background of the broker is a matter of concern. The way you investigate before purchasing stock, similarly you need to find about the reputation of the broker.
• See if you have an access to their site. Try visiting the website of a company at several times all through the day, especially during peak traffic hours. Be vigilant how rapidly their site is being loaded and verify some of the links to guarantee there are no technological complicatedness.
• Substitute business offers flexibility. Though net is easily accessible, we cannot be forever on the computers. Check the additional choices the firm is offering for the introduction of the trade. Other options may comprise of fax ordering, touch-tone telephone trades, or talking to an agent over the mobile phone.
• Concession is not at all times offers you an attractive deal. Think about initializing with a broker that gives you full time service. They are most ideal for the investors who are new to this field and who need to put up confidence and information about the markets.
• The person who is offering low prices is certainly not good. Do not start with an account with an agent purely as he offers the minimum commission price.
• The selection of the Product is very significant. When decide a brokerage, majority of the people are viewing largely the buying stocks. Keep in mind that there are a lot of savings options that are not essentially provided by each company.
• Lowest deposits might not be smallest. Be vigilant as to how much of an opening deposit the company needs for initiating an account. Be cautious of sky-scraping least balances: some organizations necessitate approximately $10,000 to begin with.
• What type of the service is being provided to the customer is of utmost importance. It is very bugging if you have to wait every time for 20 minutes for assistance.
• You are expected to have a little cash in your brokerage account always. Some brokerages will present with 3-5% interest for the money, while others do not give you a single penny. Call up or send a mail to find out what they are offering.
• Extra services can certainly make a lot of variation. Always try to be on a look out for additional benefits by brokerages before initiating an account.

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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.

Open an account with OptionsHouse by following the link below or read more reviews to clear your doubts.

$3.95 Flat-Rate Stock Trades

OptionsHouse Editorial Review

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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