
OptionsXpress originally specialized in options trading, but it has diversified and offers a wide range of investment products and an education center with webinars, live events and virtual trading. Stock trade commissions are $9.95 for trades of up to 1,000 shares. If you want many of same amenities and banking services as well, Fidelity gets top ratings from reviewers.
Our top reviewers, SmartMoney magazine, Kiplinger.com and Barron's, include optionsXpress in this year's reviews. TopTenReviews.com and Stockbrokers.com also review and rate the site.
Our Sources
1. SmartMoney.comDetails/Subscribe
The 2010 SmartMoney survey ranks optionsXpress 11th of 17 online brokers, and names it the worst broker in the category of banking services. The firm gets a 5-star rating for its trading tools, however. The review notes that the mobile applications offered by optionsXpress now have options quotes.
Review: SmartMoney 2010 Broker Survey, Neil Parmar and J. Alex Tarquinio, May 20, 2010
2. Barron's
The 2010 online broker review by Barron's ranks optionsXpress fifth out of 22 brokers. The review also lists optionsXpress as the third-best broker for long-term investors and the fourth-best for options traders and international traders. OptionsXpress gets high ratings in virtually every category except costs.
Review: Newest Trading Play: Screen Savings, Theresa W. Carey, March 10, 2010
3. Kiplinger.comDetails/Subscribe
Kiplinger.com doesn't have a full review of optionsXpress, but it does note that optionsXpress and Zecco are its overall winners on costs. According to the article, these two brokers offer "competitive prices on their complete menu of services."
Review: The Best of the Online Brokers for 2011, Elizabeth Ody, Feb. 2011
TopTenReviews.com ranks optionsXpress number one. This year the overall review includes 18 brokers. According to the reviewer, "optionsXpress is still a stellar online broker."
Review: OptionsXpress Review, Editors of TopTenReviews.com
Stockbrokers.com ranks optionsXpress fifth of the 23 brokers included in this review. According to the reviewer, "optionsXpress has great investment education resources and also provides a virtual trading platform for its traders." This online broker gets high marks in every area except costs.
Review: Online Broker Review 2011, Editors of Stockbrokers.com
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