Optionshouse brokerage review: pros and cons, fees, minimums, ratings, trading platform, research tools, education, and customer service.

Optionshouse brokerage firm rating

  • Stocks & ETFs: $4.95
  • Options: $4.95 + $0.50 per contract
  • Mutual Funds: $20


Optionshouse Review

Optionshouse has one of the lowest commission schedules of all online discount brokers. It charges $4.95 per stock trade with up to 50,000 shares per order. In regards to options, Optionshouse' commission plan is hard to beat: $4.95 base plus $0.50 per contract.

The company also offers extremely low, $20 flat-rate commission for mutual funds. The firm does not charge IRA setup and annual IRA fees, there is only $60 IRA termination fee. Optionshouse has no Traditional (Roth) IRA account balance minimums and inactivity fees.

The firm offers a decent selection of retirement account types. Minimum to open any IRA account is $0.

At OptionsHouse by E*TRADE, active traders get $4.95 trades + 50₵ per options contract.


Optionshouse Review: Trading Platform and Mobile Trading

Optionshouse’s trading platform is surprisingly comprehensive for a discount broker. Beginners may be overwhelmed but experienced traders will enjoy all of the features and information. Optionshouse also offers free seminars on options trading to its members. The seminars explain the nuances of different trading strategies and how to implement them.

Optionshouse review

Optionshouse provides mobile trading on Android phones and the iPhone. Optionshouse also offers a host of tools to its members, such as the liveACTION Scanner, Snapshot Analysis, Spectral Analysis, strategySEEK, exitPLAN, and adjustTRADE.


Optionshouse Review: Setting Up A New Security Account

Opening Optionshouse account is a simple and quick process - completing an online application will take as little as 8 minutes. Although most accounts can be opened online, some accounts (mostly for foreign residents from UK, Germany, Hong Kong and Germany only), may require additional paperwork.

A process of opening Optionshouse brokerage account includes five easy steps: setting up a login information, submitting personal information, confirming, agreeing and funding a new account.

Once your account is approved and funded, you can buy shares of stock and buy call and put options. You may also sell covered calls and cash-secured puts. All of these strategies are designed to limit investor's risk. Option credit spreads may only be traded on European style, cash-settled indices. European-style positions are held through expiration and cannot be exercised before. Some advanced and experienced traders may complete a Complex Options Agreement requesting approval for alternate strategies. If approved, you may also trade debit and credit spreads on equities and all other indices.


Optionshouse Review: Brokerage Pros

  • Very low trading commissions
  • No set up, annual or inactivity fees for IRAs
  • No maintenance or inactivity fees
  • No minimum deposit to open a cash or an IRA account
  • Virtual trading platform for beginners
  • Free streaming quotes
  • Sophisticated trading platform and powerful tools
  • Free seminars on options trading
  • Rated high by industry's most reputable magazines
  • Award-wining mobile Apps (5 stars out of 5 by Barron's 2018)


Optionshouse Review: Brokerage Cons

  • Beginners might find the platform quite intimidating
  • Additional charges for penny stocks: $0,005 per share of stock traded for stocks priced $2.00 or less that are not options eligible


Optionshouse Review Summary

There are many factors to consider when choosing a broker. Some offer lower fees and commissions while others offer more products to trade or better tools. OptionHouse’s cost and customer service stand out when compared to their competitors. Furthermore, Optionshouse does not charge maintenance and inactivity fees or require its members to maintain minimum account balances as other brokers do. In addition, the firm does not charge fees for IRAs.

Optionshouse finalized merger with another discount brokerage firm - TradeMonster. The merger created 7-th largest brokerage house in the U.S. Optionshouse's customers will benefit from TradeMonster's excellent suite of trading tools.

Optionshouse is among three brokerage firms which received the highest 4.5-star rating among all the companies participated in the Barron's ranking. Optionshouse is the leader of Barron's best for options traders brokers this year and in the five years prior. . This year, Optionshouse received four stars. The broker moved one position down compared to its position. It rated fourth this year. On the other hand, TD Ameritrade moved one position up to the top three compared to its position.

Optionshouse ranks very high in the Investor’s Business Daily Survey of Active Investors. It ranks the top “Options Trading Platform” and appears among best five low commissions and fees brokers.


Current Optionshouse Promotion Offer 2018

At OptionsHouse by E*TRADE, active traders get $4.95 trades + 50₵ per options contract.


Optionshouse Commissions and Fees

Stocks and ETFs $4.95
Stocks and ETFs broker assisted $4.95 + $25
Options$4.95 + $0.50 per contract
Mutual funds $20
The introductory rate for futures accounts is $1.50 per side plus Exchange and NFA fees.


Optionshouse IRA & Account Fees

IRA Setup Fee$0
Annual IRA Fee$0
IRA Termination Fee$60
Full Account Transfer Out$75
Partial Account Transfer Out$25
Outgoing Wire Fees$25

Open Optionshouse Account


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