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Options Xpress Editor Review

Big names like Forbes, Kiplinger’s, Barron’s and Smart Money have agreed that OptionsXpress is among the leaders in online stock trading companies. Its site is extremely user friendly which comes with all the advanced tools for profitable investments.

One of the biggest advantages of OptionsXpress is its educational content. You get unlimited access to the training material to prepare yourself for a successful online trading experience. There are numerous tools that help you learn the intricacies of the market, be it stock trading, mutual funds or options among others. There is no minimum account balance requirement and the charges per trade are very affordable as compared to other expensive brokerage firms like Bank of America, Well Fargo etc. Rarely do you find a good combination of support and low prices, as most of the companies provide research at extremely high prices.

Main Features of trading with OptionsXpress:; Why should you choose OptionsXpress

• No minimum account balance needed and flat rate per trade
• Virtual trading also available (so you learn without any risks)
• 10-day Trial account facility
• Extensive online trading education available, for trading novices and pros

No Minimum Investment Needed With OptionsXpress

You need not keep any minimum investment amount in order to trade with OptionsXpress and the commission is $9.95 or $14.95 on all trades, including broker assisted ones. The broking house charges $1.50 per options contract. This is not the cheapest online broker in the market, but you can make the tiered rate system work for you by trading at least 9 times in each quarter.

OptionsXpress Wide Variety of Investment Options

OptionsXpress primarily started for options and limited number of stocks, though today it offers a wide variety of investments including mutual funds, exchange–traded funds, stocks and bonds. IRAs are also offered through which you can secure your retirement savings. The less popular investments, however, such as CDs or mortgaged backed securities are not offered.

Easy Navigation with OptionXpress

It’s a clean and easily navigable website wherein the sections are divided into tabs, use friendly even for the newbie. Some of the tools available at the OptionsXpress site are charts, streaming news, calculators and analyst research reports. The tools can be organized on the customizable desktop wherein you can easily be alerted of the major changes in the stock prices being watched by you. You can also set criteria as per which the broker will automatically execute your trades and you don’t have to near your laptop all the time to execute your own decisions.

OptionsXpress History

Founded in 2000, OptionsXpress is an online broking house with its headquarters in Chicago, Illinois. The company has been ranked at the top by numerous personal finance publications.