OptionsHouse Stock Brokerage Review – Rated Number 1 Trade Experience
At first glance you might think that OptionsHouse is only a brokerage for option traders, but the truth is they actually also have some of the lowest stock trade commissions around.
OptionsHouse is a subsidiary of PEAK6 Investments, one of the biggest option trading brokerages around. While they deal heavily with options, OptionsHouse also has the services and tools in place to trade stocks, ETFs, and mutual funds alike, with some of the lowest commissions around.
Barron’s 2009 Online Brokerage Survey just ranked OptionsHouse #1 in Trade Experience. Other notables like TradeKing and E*Trade have received such awards as well.
When it comes to OptionsHouse’s commissions they are pretty hard to beat. All fees are flat rates, so they are the same price regardless of the volume of your trade. Here is a breakdown of some important numbers to note…
- $2.95/trade for stocks
- $9.95/trade for options
- No minimums or inactivity fees
- $1000 required to open cash account
- $2000 required to open margin account
The only brokerage that might be able to beat these rates is Zecco; however, there is criteria who need to meet.
Need a New Broker? Get $2.95 Flat-Rate Stocks, $9.95 Flat-Rate Options and $14.95 Flat-Rate Spreads at OptionsHouse. If you need to transfer, OptionsHouse will refund you up to $100.
- For those looking to enter the stock market, take a second to download my free guide to entering the stock market.
- Want More? Visit our Broker Center for more broker reviews and news.