OptionsHouse was founded in 2005, making it one of the first online trading companies in the industry. The company has earned the plaudit of many of the top industry review sites and has become an even more powerful resource since its merger with TradeMONSTER in mid-2014. In fact, for years, it’s been consistently rated at the top among its rivals for options trading as well as its commission and fees structure.
What’s gathered the most attention is the platform’s wealth of educational tools along with interactive coaching resources that will bring you up to speed whether you’re a novice who is exploring the market or a seasoned trader. A subsidiary of PEAK6 – a respected proprietary trading firm – OptionsHouse’s trading platform brings the benefits of a professional trading resource that’s extremely easy to use.
When you sign on with OptionsHouse, you’ll have the opportunity to set up a demo account, enabling you to learn the ins and outs of online trading before tackling the complexities on your own. With a low fee structure, featuring a $4.95 commission per trade (plus $.50 per contract), free virtual trading and a gold-standard reputation, OptionsHouse has become one of the most popular online trading houses in the industry.
It’s also extremely simple to use with a no frills graphics-rich interface that’s engaging yet tastefully designed. In addition, Options House delivers real-time marketing data and will quickly execute all your transactions. It’s fast and easy to open a new account with OptionsHouse – the entire process takes 10 minutes or less.
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OptionsHouse offers commission-free accounts for 90 days. The options trades are $4.95 plus $.50 per contract. The flat-rate commission structure makes OptionsHouse one of the most inexpensive online brokerage houses, this is especially important for options and equities traders.
The company launched its 2016 campaign with a novel program called Dime Buyback, removing commission charges for closing short options contracts of $.10 or less, a distinct advantage in two-leg options trades (options trades with two components). Options House also offers access to futures and mutual funds and you can purchase U.S. Treasury Bonds. It provides mobile apps for iPhone, iPad, Android devices and Kindle Fire.
Low fees, years of success in the online trading industry and wonderful educational tools make OptionsHouse particularly enticing to new traders. However, seasoned traders feel equally at home with OptionsHouse’s professionalism and exceptional reputation. The platform offers superior tools for advanced traders including supported by the considerable experience PEAK6 has had with proprietary trading platforms.
As a result, we think OptionsHouse is an excellent choice for many investors, especially those that are interested in trading more frequently.