OptionsHouse Review – Flat Commissions. Cheap Prices
Who? Odds are that you have never heard of this discount stock brokerage before; however, after this review you might want to get more familiar.
OptionsHouse is backed by PEAK6 Investments, and was recently ranked number 1 in trade experience by Barron’s 2009 Online Broker Survey. If you have never heard of PEAK6, they are a powerhouse in the world of options trading; however, that does not mean you cannot trade stocks with them…
In fact, OptionsHouse stock trading commissions are some of the lowest in the industry at a flat rate of $2.95.
Not ready to trade real money? OptionsHouse also boast a unique virtual trading platform that will allow you to practice your trading skills all without risking any real money. There are also free webinars scheduled roughly every week that are lead by some traders with over decades of experience.
Stock Brokerage Details
Commissions: Stocks $2.95 flat-rate; Options $9.95 flat-rate
Account Minimums: $1000
Account Types: Individual , Corporate, Roth IRAs, Sep IRAs, Traditional IRAs, Joint , UTMA/UGMA , Trusts, Partnerships, Investment Clubs, and Educational IRAs.
Don’t Like Your Current Broker: OptionsHouse will reimburse any transfer fees up to $100.
Overall, while OptionsHouse is best used for options trading, their extremely low commissions make it an enticing discount stock brokerage for self-directed traders looking to cut their commissions costs down.
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