Bond Trading from $1
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This is a broker company with one of the best rates ever found. You can view them as your sophisticated investors who specialize in options trading. With commissions as low as $4.95 for stocks and options, the company was strongly competitive in the market.
In August of this year, E-Trade acquired OptionsHouse but maintained its customer accounts, assets, and positions. It therefore, expects to boost is performance and make it the top online platform for online brokerage. The acquisition cost E-Trade $725 million and proved a worthy cause after improving every dimension of the platform. It remains a top online broker in various surveys.
Since its launching in 2005, OptionHouse seemed to disrupt the online brokerage space with the best offers and fast-paced ideas. For example, at the time, most of the competitive prices were $10 in commissions per trade. Some online brokers went as high as USD 25 for each trade. OptionHouse came with the lowest costs at $5 rapidly forcing the other online brokers to lower their fees as a response to retain relevance in the market. It was known for its reputation in options traders, no account minimums or inactivity fees, free-conscious traders, and premium platform and tools.
After merging with tradeMonster in 2014, the company was able to expand her services to reach a wider audience. This made it possible to handle a larger audience efficiently.
Products / Services Available
The Platform features robust platform for stocks, futures, and options. Most importantly, it is easy to navigate on mobile phones making it a quick trading process. You can also cancel or modify orders instantly just with a push of a button or tap at the screen.
Free Dividend reinvestment is perhaps the most attractive service offered at OptionsHouse. Other open services include the virtual trading account, which allows you to open a separate account to trade virtual money. The company offers many account choices such as individual, joint, corporate, traditional IRAs, SEP, UTMA, UGMA, partnerships, Trusts, investment clubs, and educational IRAs.
Pricing of the Services
Since its inception, OptionsHouse beat the rest of the rivals due to their lowest costs. This remains to be their leading selling point as it attracts and retains users. Most people who are stuck to the company are in it for the low rates available.
Registering and maintaining an OptionsHouse account costs zero dollars. Moreover, there are no restrictive requirements to maintain your participation. Most other online broker companies need you to attain a minimum number of trades or maintain a minimum account balance. OptionsHouse is waivers extra charges and restrictive policies on its customers. There are no hidden fees involved to trap the users except the cheap trade fees that are necessary.
Benefits
The Merger with E-Trade has enabled OptionsHouse to acquire a reliable web-based trading platform. It is expected to work on any device. Today, the platform works on all Internet-enabled communicative devices such as the tablet and mobile phone apart from the traditional PC. This means users can access their account from anywhere at their convenience. Any modern web-browser is enough to allow you download the mobile app on your smartphone. This option is lightweight and supports speed as well as ease of use.
Reviews of the Company
Most experienced online brokers agree that this company if a top choice for starters. After merging with E-Traders, it has become bigger and with greater efficiency. Most importantly, it has maintained its competitive pricing and price offers. This means it has not only retained its top rank but also improved its services.
Since it is easy to use, OptionsHouse has helped many amateur users to grow immensely in the business hence the high ratings from its customers.
Support available
There is a reliable customer service with the solid phone, chat, and email support every working day. However, this limits the trading hours to only 12 hours a day for five days.
Futures from $1.50 per contract
Stocks, options & ETFs from $6.95
Options Contracts from $0.75