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Optionshouse Overview
OptionsHouse is – you’ve guessed it – a brokerage house for options, but with rates that will astound traders everywhere. Stock trades start at an incredible $3.95 and what’s more is that new customers are being offered 100 free commission trades when they set up an account with a minimum of $3000. They use a cutting-edge trading platform with customizable layouts and flexible views, so you can keep multiple chains running, stream data and quotes and use proprietary algo... more
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Optionshouse Forum
Last answer by Knoji 46 months ago +0 votes:
You can find the answer to this question in this review of Optionshouse written by Ann Davey - an excerpt is posted below:OptionsHouse is – you’ve guessed it – a brokerage house for options, but with rates that will astound traders everywhere. Stock trades start at an incredible $3.95 and what’s more is that new customers are being offered 100 free commission trades when they set up an account with a minimum of $3000. They use a cutting-edge trading platform with customizable layouts and flexible views, so you can keep multiple chains running, stream data and quotes an... more
Last answer by Knoji 46 months ago +0 votes:
The answer to question was posted in this review of Optionshouse written by Ann Davey - an excerpt is posted below:OptionsHouse is founded by PEAK6 Investments, which just happens to be one of the largest options-trading firms in the U.S. and is based in Chicago. It is a member of SIPC which protects against brokerage insolvency, but obviously offers no protection from market loss. SIPC offers protection up to the value of $500,000 of which half can be cash. There are flexible price options which are designed specifically to work around the way you trade. It just so happens that the rates o... more
Last answer by Knoji 46 months ago +0 votes:
The answer to question was posted in this review of Optionshouse written by Ann Davey - an excerpt is posted below:Let's take a look at OptionsHouse's leading rivals: Scottrade.com  Pros: Lower minimum to open a Scottrade acount of only $500 An online user community for support More than 500 local branches Cons: More expensive than OptionsHouse No electronic withdrawals allowed There is an additional 0.5% of the principal value commission for stocks priced under $1 OptionsHouse is certainly the cheaper option for trades by a considerable margin. However, Scottrade offers... more
Last answer by Knoji 46 months ago +0 votes:
The answer to question was posted in this review of Optionshouse written by Ann Davey - an excerpt is posted below:Here is a brief overview of pricing for the companies mentioned above:  Pricing: OptionsHouse Stocks and ETF’s: $3.95 Broker Assisted Stocks and ETF’s: $3.95 Option Trades: 5 for $5 or $8.50 + $0.15/contract Market and Limit Trades: $3.95 Margin Rates (Base Rate plus %): 1.5 - 4 % Mimimum: £1000 for cash account Scottrade Stocks and ETF’s: $7.00 Broker Assisted Stocks and ETF’s: $27.00 Option Trades: $7.00 Market and Limit Trad... more
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