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- Low commissions
- No account minimum
- No account fees
- Mobile apps
- Emphasis on options trading
- Trading technology not the best
OptionsHouse caters to options traders but has other offerings as well. Its trade commissions -- $3.95 per trade -- are among the lowest around, though mutual fund transactions cost more. It gets high marks for its customer service and education and has a number of mobile applications. If you want low-cost trades and a broader range of investment offerings, reviewers say the TradeKing may be a good fit.
We found reviews of OptionsHouse from Barron's as well as the review sites TopTenReviews.com and Stockbrokers.com.
Our Sources
1. Barron's
Barron's ranks OptionsHouse ninth of the 22 brokers included in its 2010 review, awarding it 4 out of 5 stars overall. OptionsHouse is, not surprisingly, named one of the best brokers for options traders; this broker also gets high ratings in the areas of trading experience, education, customer service and research amenities.
Review: Newest Trading Play: Screen Savings, Theresa W. Carey, March 10, 2010
This review site ranks OptionsHouse second of the 18 brokers included in its comparison chart. The reviewer writes, "OptionsHouse's low trade fee, cell phone features and great customer service make them well worth trying out."
Review: OptionsHouse Review, Editors of TopTenReviews.com
Stockbrokers.com ranks OptionsHouse sixth of 23 brokers and gives it high marks for its low costs and the usability of its trading platform. The reviewer observes, "OptionsHouse delivers with ultra competitive commissions and quality trade tools."
Review: OptionsHouse Review, Editors of Stockbrokers.com
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