Why is optionshouse cheaper




















They are an established broker now now a public company , but continue to extend their business model with Options and Cryptocurrency trading.

You can also get a margin loan a bit too easily if you ask me if you want access to do some leveraged investing. But this is really only for advanced investors. Thanks to a superior, no-fuss and very user friendly platform they are able to offer free trading and get some of the best trading prices. After having done a lot of trading in options and stocks over the last 20 years, Robinhood has really revolutionized the stodgy world of retail trading with free trading using a modern and easy to use interface, which is very mobile friendly.

Ok, so the platform is powerful and accelerated, how about their trading tools? OptionsHouse reign of platform superiority does not end with their web portal. Stay connected to your accounts while executing trades on the go with OptionsHouse mobile applications available for iPad, iPhone, Kindle Fire, Android phones, and Android tablets.

A very similar user experience found with the web portal can be felt on the OptionsHouse mobile applications. Although seemingly kept on the backburner, OptionsHouse does offer the usual retirement accounts just as the full-service brokerage houses do. It is important at this juncture to keep things in perspective. If you are an active trader, looking to capitalize on OptionsHouse low trading fee structure and want to keep some other retirement accounts under the same roof, then OptionsHouse will be perfect for you.

If you are NOT an active trader, looking primarily to find a financial institution to start plugging money away for the long-term, and have very little interest in actively trading stocks or options, then OptionsHouse is not for you. If you are able to comply with these standards you are able to save, write checks against and transfer monies from investment accounts to bank accounts.

If not, you will need to bank elsewhere. Not much to say on OptionsHouse customer service. I conducted some research to determine my own opinion on OptionsHouse customer service… I fired up their live chat functionality, which is not reserved strictly for account holders. Within seconds someone by the name of Mike had greeted me and asked how he could assist.

I struck up a conversation as if I had basic retirement account and trading questions. With its competitive pricing, OptionsHouse appears to be making an active effort to court new investors, and this is underscored by a current deal it has for anyone opening a new brokerage account. OptionsHouse is offering 60 days of commission-free trading for new customers. This might be a good opportunity to check out its trading platform and see if it fits your needs. In terms of investor support, OptionsHouse appears to place its emphasis on trading technology more than on fundamental securities research.

It may be suited more for people seeking to employ technical trading strategies than for buy-and-hold stock-pickers. Especially when you consider round-trip commissions i. USAA vs. Load more. We use cookies to improve your experience. By continuing to use this site, you accept the use of cookies.

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