Optionshouse broker assisted trade
This makes the whole platform incredibly user friendly. In terms of the tools and features, OptionsHouse scores highly here too. Perhaps the highlight is the all in one order ticket, which can be instantly accessed with a single click. This is really easy to use and makes entering orders a really straightforward process. Also impressive is the Trade Generator, which creates a list of potential trades that may appeal to you based on the parameters you choose to enter.
The PNL Calculator will calculate the potential profit and loss of any strategy you may be considering, including complex strategies. Risk Viewer is a handy tool that will evaluate your open positions and can help you manage your risk exposure. There is live quote streaming, current market news, and much more as well. Experienced traders looking for advanced features won't be disappointed while beginners should have problems getting used to trading while using this platform.
OptionsHouse also offers mobile compatibility for those wishing to trade using their smartphone or tablet. There are applications designed specific for the iPhone and Android devices and these have been created to a high standard. If OptionsHouse has a weak spot it's probably in the research tools they offer.
There is no third party research available, something which most brokers do provide, and much of the research features they do have are somewhat lacking in depth. You can access basic information but there isn't much that gives you any real insight.
This failing could be considered fair enough considering the fees charged by OptionsHouse, but it's definitely an area where the broker should look to improve. More positively, the technical analysis tools available are of a significantly higher quality.
You can easily view short term and long term trends, along with various statistics and trading signals. Additionally there are summaries provided for bullish, bearish and non-directional events. OptionsHouse provides customer support via phone, email, and live chat. The staff appears to be very knowledgeable and they are certainly helpful.
It can be something of a chore to connect to live chat as you have to input a fair amount of details, but this is a very minor issue. Telephone support is available from 7am to 7pm Central time, Monday to Friday. OptionsHouse set out to provide amateur retail traders with access to similar functionality and tools that are available to the professionals. It's fair to say that this has been achieved, and with very competitive commissions too.
The only failing of note is the disappointing research tools. Everything else is very impressive. This broker should appeal to most trader types, and their fee structure is certainly attractive to both low and high volume traders. As a whole, I'd say OptionsHouse is an excellent place to do your online trading. It's hard to beat those low fees and to draw from personal experience, I've been using OptionsHouse for the last two and a half years for all of my stock trading options as well and I've never had a problem.
The software is excellent and online chat and over the phone support has always helped when I needed it. If I had one negative to say about them, it's that the transfer of funds in and our of my account is slow.
Three full business days each way means that sometimes, I miss a trade I wanted to make if I didn't have the funds available. To sign up with OptionsHouse just visit their official website at www. After spending a ton of money to go to the private University of Miami, Michael now enjoys spending time at home, writing personal finance articles for the world to read. His journey out of debt continues words at a time.
Before now, I have never heard of OptionsHouse before but I will definitely be checking them out! Hi, I'm Philip Taylor. I'm a husband, father, blogger, CPA, and entrepreneur. I love learning to do more with my money and sharing it all here with you. Join in on the conversation and start improving your financial life today. The content of ptmoney. PT Money Do more with your money in half the time.
About OptionsHouse You won't see many advertisements for the options-focused, discount broker OptionsHouse. Fees and Pricing at OptionsHouse The pricing is pretty simple. Use the promo code FREE or sign up using any link within this post. Nice perk for a beginner. Three full business days each way means that sometimes, I miss a trade I wanted to make if I didn't have the funds available To sign up with OptionsHouse just visit their official website at www.
Join 38, subscribers improving their financial life. Now check your email to confirm your subscription. There was an error submitting your subscription. About Michael Pruser After spending a ton of money to go to the private University of Miami, Michael now enjoys spending time at home, writing personal finance articles for the world to read.
June 22, at June 18, at 3: I actually just learned of OptionsHouse and may start using them for the lower fees. Return to top of page.