Optionshouse broker review

Optionshouse broker review

Author: Callado Date: 30.06.2017

OptionsHouse has a winning combination of low trading costs and fees plus some of the best options trading tools around. They may not offer the same additional resources as other brokers, but that wouldn't be your primary reason for choosing OptionsHouse in the first place.

Online Trading for Stock, Options & Futures | OptionsHouse

Probably the single best thing about OptionsHouse is their competitive prices. One of those unique trading tools is the Trade Generator, which produces a set of potential trade ideas based on criteria like risk appetite or time frame.

It scans all of the equity options for call and put debit spreads that can potentially deliver high returns.

OptionsHouse Review - Online Stock Trading - gyranasoreso.web.fc2.com

The web-based trading platform offered by OptionsHouse is simple to navigate and understand. Perhaps the best feature is the ability to customize the entire interface by minimizing, adding, or removing different sections to the home screen layout. In addition to that, you can open one of these sections as its own separate window so it will detach from the main browser window you originally opened it in.

This gives you the ability to spread your trading experience across your entire screen if you wish. It can also be beneficial to have multiple windows open so you can look at a number of indicators at the same time you are researching or executing your trades.

The quick order entry ticket allows for some of the fastest options trading in the industry. You can instantly add an option leg or a stock leg in one click after typing in a stock quote.

optionshouse broker review

OptionsHouse also offers a Quick Launch button in the bottom-left corner of the screen that will completely simplify your navigation. Just click the button and anything you would need is launched in a separate window. Within the Options tab in your account, you can view options chains, vertical options, an options calendar, and several types of option spread choices.

In addition to the aforementioned Spread Investigator and Trade Generator tools, OptionsHouse also offers Risk Viewer, which provides insight into your profits and losses, market risk, and options exposure.

The OptionsHouse mobile application is available for Android and iPhone. The iOS application will also work on an iPod or iPad. The app is simple to use and easy to navigate.

OptionsHouse Review w. + User Reviews

You can make trades, set up watch lists, and create alerts. One nice feature about the mobile app is that it provides you with tips to help you navigate when you log in. One feature highlighted by the app is the ability to quickly place a trade by clicking on the bid or ask price of a stock. By name, OptionsHouse primarily exists for options traders, but they still offer access to a variety of other investment products.

If you choose OptionsHouse as your broker, you should know that you will not have the same type of additional financial resources that a full-service broker provides. Thus, if you need banking services or access to credit and debit cards, you should look elsewhere.

OptionsHouse also does not offer college savings plans or small business tools. In terms of account security, many brokers offer an asset protection guarantee against any unauthorized access to your account. OptionsHouse does not offer this guarantee, which means that the assets in your account are not covered should an unauthorized person to use your account. However, it is comforting to know that you are not on the hook for any losses you may not be responsible for.

One of the major knocks on OptionsHouse is the minimal amount of research they provide. The charting capabilities are pretty weak overall, so if you trade with OptionsHouse you may want to consider using a third party to view charts, which can be somewhat frustrating.

Plus, instant access to our exclusive guide: We find the best of everything. We start with the world. We narrow down our list with expert insight and cut anything that doesn't meet our standards.

We hand-test the finalists.

OptionsHouse Review - The Go-To Broker for Options Traders

Then, we name our top picks. However, the rankings and listings of our reviews, tools and all other content are based on objective analysis. For more information, please check out our full Advertiser Disclosure.

The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product's website. All products are presented without warranty. Home Online Stock Trading. Latest Update November 11, Extremely low trading costs and fees.

Variety of proprietary tools built into web-based platform. Fully customizable trading interface.

optionshouse broker review

Quick order entry and account navigation. Extensive options trading tools. Limited investment product access.

Lacking financial resources offered by major brokers. No asset protection guarantee. Limited research and charting capabilities. Regular commission Full Account Transfer: Want to be the first to know everything? The best toothpaste has fluoride to stop cavities plus extras to target other dental issues.

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