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OptionsHouse is fantastic for options trading, providing investors with industry-leading tools and extremely competitive commission rates. By Blain Reinkensmeyer on. OptionsHouse has come a long way. OptionsHouse was best known for its highly competitive commission rates, while tradeMONSTER was known for its terrific web-based options trading platform. This flat-rate commission structure is significantly less expensive than those of all the large, full-service brokers, such as TD Optionshuse, Charles Schwab, and Fidelity.
In fact, when you break these rates down against the entire industry, OptionsHouse finishes No. For equities and options traders this is a seriously competitive commission structure that cannot be overlooked. No platform fees or data fees either — the rates are all inclusive. OptionsHouse competes with the best in the industry when it comes to powerful platforms for trading options.
Built as a web-based platform, OptionsHouse innovates and delivers speed, quality, ease of use, and the tools needed for options traders to succeed. For newer investors, there isn't a better platform on which to learn how to trade options. OptionsHouse offers both virtual trading and regular trading. Pulling up quotes is a breeze, and OptionsHouse makes it easy to file personal notes with each trade.
First, the interface is not user-friendly and, compared to other brokers, it took us significantly longer to become acquainted with making customizations. Second, there are limited tools just nine with which to mark up charts. This extends to study customizations, which we also found to be limited. On the plus side, you can place limit orders on the chart itself, then access a pre-filled order ticket to review and submit the trade.
OptionsHouse also allows you to view your past buys and sells oprionshouse on the chart, a feature few other brokers offer. Moving onto options capabilities, OptionsHouse shines. Click Analyze and the tradeLAB Snapshot Analysis pops open. My favorite feature on this tab is Risk Metrics, which displays the option greeks.
Since not all investors understand greeks, OptionsHouse has a simple pull-down menu to change from "Greek" to stkcks making the data user-friendly for new investors. Once you have finished analyzing, you can quickly import the data into a fresh trade ticket, use the trade calculator to find the iwth position size, add optional notes, and then place the trade. Note: This intuitiveness with design and UI continues beyond researching and placing trades.
All live positions are completely customizable. OptionsHouse automatically groups options into spreads for you, then allows you to completely regroup them and customize them to your liking using a simple drag-and-drop interface. First, you forecast the price at which you think the stock might end up down the road. Next, you drag and drop to set and order your priorities for the trade: Profit, Return, Probability, and Safety.
From here, you can create an order and place the trade, analyze the trade see aboveor adjust the scanner and rerun. The OptionsHouse platform calculates EVERY possibility, millions of them, using a plethora of data, and displays results in milliseconds. This attention to detail is also seen throughout the rest of the platform in tools such as the liveACTION scanner. All in all, the arsenal of tools available to options traders is truly impressive. OptionsHouse has a clear understanding of what options traders want, and delivers it in stunning fashion.
And, as far as equities trading goes, while the platform has a strong foundation of functionality, the overall trading experience could be better. This is especially true for the charting interface, which needs an overhaul. That said, when it comes to browser-based platforms, options trading, and ease of use for new investors, OptionsHouse is king. While I applaud the OptionsHouse platform team for thinking outside the box, How to buy stocks with optionshouse found the data difficult to interpret and unimpressive.
With such competitive commissions, OptionsHouse must cut somewhere, and research is where the broker shaves cost. Beyond the Fundamental Report Cards, not much else is offered. There are no third-party research reports, no way of conducting metric comparisons against other companies, no SEC filings, and you cannot even view a simple balance sheet. Similarly for ETFs and Mutual Funds research, the experience is poor. The data is very limiting and the only real positive is being able to see a Morningstar star rating for both ETFs and mutual funds.
OptionsHouse is not recommended for research-hungry investors. See: Best Brokers for Research. Thankfully, speed is no longer a worry and the broker now tsocks a fantastic foundation to build from. Looking at the features of the new experience, on the plus side, the app has the strong core functionality traders desire: real-time streaming quotes, excellent position management capabilities, and synced watch lists. The app also enables traders to place basic and complex options orders, view post-hours charts, and more.
When looking at stock charts and trying to stocis technical analysis, you cannot rotate the screen horizontally to optionshouwe the chart cleanly. OptionsHouse has left its previous app in the app store for this reason, which makes sense. Wtocks data considered, while OptionsHouse clients are stuck using two separate app experiences until the new app is fully featured, the mobile offering is still great.
OptionsHouse optjonshouse customer service that is on par with industry standards. The broker is certainly not industry leading, finishing eighth how to buy stocks with optionshouse, but it delivers a quality experience that should appease most clients. See: Best Brokers for Customer Service. Education is limited to just options, there are no videos, organization is poor, and there is a lot left to be desired. See: Best Brokers for Investor Education.
OptionsHouse has proved to be a terrific home for options optinshouse over the years. For now, OptionsHouse remains a stand-alone brand that continues to do what it does best. While it is weak in its offering of education, research, and tools catering to active stock traders specifically, OptionsHouse is on par with the industry with its customer service and shines everywhere else. Reviewed by Blain Reinkensmeyer. He developed oparty.ru's annual review format seven years ago which is respected by broker executives as the most thorough in the industry.
Currently maintaining funded accounts with more than a dozen different US regulated online brokers, he's executed thousands of trades through his career and enjoys sharing his experiences through his personal blog, oparty.ru. OptionsHouse is an online broker with fairly straight forward commission offerings. OptionsHouse also offers futures trading.
The oparty.ru staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact too using the link at the bottom of this page. For options orders, an options regulatory fee per contract may apply. Disclaimer : It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While oparty.ru has all data verified by industry participants, it can vary from time to time.
Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or opfionshouse by optionshokse, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information. Poor research Few studies available for charting, and a lack of active stock trader-specific tools Educational resources below industry standards.
Find out how OptionsHouse stacks up against other brokers. OptionsHouse vs Capital One Investing. OptionsHouse vs Charles Schwab. OptionsHouse vs Fidelity Investments. OptionsHouse vs Interactive Brokers. OptionsHouse vs Lightspeed Trading. OptionsHouse vs Merrill Edge. OptionsHouse vs TD Ameritrade. OptionsHouse vs TradeStation Securities. Stock Trade Fee flat. Stock Trade Fee per share. Options Per Contract Fee.
OptionsHouse Review 2017 - oparty.ru
Technology that doesn't just help you trade. It helps you trade better.
OptionsHouse is a leader in online stock trading. It offers trades with some of the lowest fees of any service in the industry. In 2016 OptionsHouse was purchased by.
To provide its active options trading customers with an even better deal, OptionsHouse kicked off 2016 by implementing a new Dime Buyback program, under which the.