Optionsxpress review

Optionsxpress review

Online stock trading companies make trading stock a very simple process. The first step is setting an online brokerage account on the platform or website you are going to use to trade stocks. After your account has been set up, you trade stock by placing the stock’s ticker code into the platform. A ticker code is a one to five digits in length and is used to identify stocks. 

OptionsXpress Review: How One Online Broker Makes Advanced

A lot of novice stock traders worry they have neither the time or money to start investing. They are also daunted by the stock market and feel they don’t have the time or knowledge to immerse themselves into the market. Don’t worry, there are many ways to invest that require only very basic knowledge and a relatively small amount of money. If you have $555, here are some ways to invest your money:

OptionsXpress Review | Investormint

Competitive Pricing. OptionsXpress customers pay only $ for each trade. Options trades are priced at $ per contract, if below 85 options trades per quarter, with a $ minimum. For qualified active traders (with over 85 option traders per quarter) it is only $ per contract with a $ minimum.

OptionsXpress Review: Pros and Cons for Beginners

The lowest cost way is to use a virtual stock simulator where you can trade stock with fake money. Once you figure out the ins and outs of the market, then start investing with real money.


The options chains tool allows you to view quotes, updated in real time, for each leg of a wide range of different options strategies. You can see the relevant intrinsic value and time value of options, and putting together complex spreads and executing them is very straightforward. The “All In One Trade Ticket” is widely regarded as the best order placement tool in the industry. “StrategyScan” will help you to identify a trading strategy that suits your personal goals and attitude to risk.

OptionsXpress vs ETrade
As an industry leader, E-Trade has a plethora of resources and tools at your disposal and can easily rival OptionsXpress. You'll need a minimum of $555 to open an account, while OptionsXpress requires no minimum at all. If you're torn between using E-Trade or OptionsXpress, it might turn out to be a "taster's choice," depending on what your investment needs are. To help you decide, it might be worth checking out this E-Trade review so you can compare apples to apples.

Zacks Trade expects you to pay a minimum account fee and has quite a few little fees added on here and there but the fact that you get free broker assisted trades almost makes this worthwhile. The platform has excellent customer service &ndash you can call during office hours &ndash and you can use their support center to manage your account seamlessly. The research is great, the tools advanced, and the platforms feature-rich, but the broker access is a big plus for this company. 

OptionsXpress provides a number of innovative tools that you won’t find anywhere else. “Walk Limit”, for example, helps to prevent the hassle of having to adjust spread orders by automatically updating your order to try and achieve favorable prices. There is also the “Idea Hub” which assists in quickly and easily finding ideas for potential trades.

Another feature that deserves its own category is its live, in-person workshops run by the dedicated OptionsXpress education team. Currently, it offers seminars in Los Angeles, Seattle, and San Diego, where you can meet financial professionals, ask questions, and interact with people like yourself. But don't despair if you don't live in a major city — the free interactive webinar will allow the professionals to coach you right in your home office no matter where you're located.

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OptionsXpress, a subsidiary of the Charles Schwab Corporation, offers an array of investment products at moderate cost to investors. With good charting tools and the well-known Schwab backing it, OptionsXpress is worth taking a look at.

We strive to maintain the highest levels of editorial integrity by rigorous research and independent analysis. Our goal is to make it easy for you to compare financial products by having access to relevant and accurate information.

A stock broker is a person or company that has the license to buy and sell stocks through the market exchanges. Stock trading used to be hard for individuals to do due to the long telephone calls to a busy stock broker and the high investment cost. However, online stock broking means it is easier for an individual to manage their own stock portfolio at a lower cost. When choosing a stock broker, there are generally two choices:

When you first embark down the road of stock trading, you’ll want to investigate the best stock trading platforms available to find out if they have good reputations and reasonable pricing. 

OptionsXpress vs Thinkorswim
While OptionsXpress and Thinkorswim by TD Ameritrade both specialize in options trading, one of the differences that pops out at you right away is their broker-assisted fees, as opposed to no broker-assisted fee at all from OptionsXpress.

If you are looking to minimize your trading costs then OptionsXpress is not the best broker for you. However, if you are prepared to pay a little bit more to access a powerful and useful range of trading tools, then it's definitely worth considering. In our opinion what this broker has to offer justifies the cost.

Powerful Online Trading Tools. OptionsXpress wins hands-down with its easy-to-use and sophisticated online trading tools which new or experienced traders will appreciate. Instead of manually modifying equity options orders, Walk Limit will automatically update your order to find the best price. Idea Hub filters real-time data from various analytical tools and packages the results into actionable options trading ideas. Identify today's most popular trades using Trading Patterns based on what others are trading. Other tools include the All-In-One Trade Ticket, Trade and Probability Calculator, OXsocial, Chains, Volatility View and many more.

That said, clients should understand that in the next several years, optionsXpress will eventually be shut down. The best of what optionsXpress has to offer is being integrated into the Charles Schwab experience, and the final product will be better for it. Clients migrating to Charles Schwab can rest assured they will be in very good hands.

It's fair to say that OptionsXpress isn't cheap. If you trade in very small volumes, then the $ minimum fee could prove to be expensive. Equally if you trade in very high volumes then the relatively high fee per contract will also prove costly. Medium volume traders probably get the best value, but there are still cheaper alternatives out there.

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