Stock Broker Review: OptionsHouse

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IMPORTANT: IN 2016, OPTIONSHOUSE WAS ACQUIRED AND ABSORBED BY ETRADE, FOR $725 MILLION

 

Introduction to OptionsHouse

OptionsHouse, LLC is an online stock and options broker founded in 2005 by Peak6 Investments. The broker’s customer support includes email, phone support, and live chat. OptionsHouse also offers virtual trading, no maintenance or IRA fees, and an online trading community.

🏢 OptionsHouse, LLC. PO BOX 812 / Chicago / IL 60690

 

Brokerage Services:

• OptionsHouse services include Stocks, Options Contracts, and Mutual Funds trading.

 

OptionsHouse Fees & Commissions:

(1) Stock Trading

OptionsHouse Online Stocks trading starts at $3.95. If a stock is worth under $2.00, there is an additional fee of $.005 per share.

(2) Options Trading

Options Trading fees are following two plans:

i) $5 for up to 5 contracts, plus $1 fee per contract for over 5 contracts

ii) $8.50 base rate with an additional $0.15 per contract fee

(3) Mutual Funds

Mutual fund trading at OptionsHouse starts from $9.95

 

 

OptionsHouse Other Features:

1) Call and Put Spread Investigator, which finds put spreads with high theoretical returns.

2) Risk Viewer Option, which helps investors identify their portfolio risk.

3) Probability and Profit & Loss Calculator, which offers an educational analysis of option strategies.

4) Stock Screener, to identify interesting potential investments

5) Streaming and Volatility Charts, in both implied and historical volatility.

 

Mobile Trading:

OptionsHouse offers iPad & iPhone Apps and Android Apps.

 

OptionsHouse Promotions:

OptionsHouse offers 100 commission-free stock trades when an account is opened for the first time.

 

OptionsHouse Account Information:

Minimum Deposit amount is $1,000

 

⚖️ OPTIONSHOUSE REVIEW CONCLUSIONS
☑️ OPTIONSHOUSE ADVANTAGES	❌ OPTIONSHOUSE DISADVANTAGES
√ Customer Service √ Very-Low Trading Fees √ Offering a wide variety of trading assets √ Strong tools for trading Options √ No Maintenance and IRA Fees √ Online Trading Community	X Day Trading Capabilities are limited X Stock Charting is not very advanced

 

IMPORTANT: IN 2016, OPTIONSHOUSE WAS ACQUIRED AND ABSORBED BY ETRADE

 

■ OptionsHouse Review

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