Since we looked at that great Dell offer from OptionsHouse [1] (remember, it expires July 31, 2011!), it makes sense to take a look at all that OptionsHouse [2] has to offer as a brokerage.
Their rock-bottom prices and low account minimums make them a great choice for the casual investor while their sophisticated platform will appeal to those with more complicated trading strategies.
OptionsHouse Review
OptionsHouse [2] was founded by PEAK6 Investments, L.P., a large options-trading firm based in Chicago. Peak6 developed OptionsHouse to give average investors access to a sophisticated trading platform developed by those who trade options for a living.
OptionsHouse Account Features
- Account Minimum: None
- Opening Account Minimum: $1,000
- Account Fees: None
OptionsHouse Trading Fees:
- Stocks & ETFs: $3.95 per trade
- Options less than 10: 5 for $5, then $1/contract over 5; OR
- Options over 10: $8.50 +.15/contract
- Mutual funds: $9.95 per trade
OptionsHouse Advantages
Trading Tools. OptionsHouse [2] trading tools include streaming charts and news, volatility charts, a probability calculator, and an options hotlist.
Customer Service. OptionsHouse’s customer service and trade desk staffers pride themselves on old-fashioned attention and support. They are available 7 a.m. to 6 p.m. CST except for when the market is closed and offer support via live chat, phone & e-mail.
OptionsHouse Overall
The OptionsHouse [2] interface seems a bit more advanced than the average investor will require. However, their prices and minimums are very low [3] so they are definitely a great choice if you are doing a bit of investing in individual stocks or ETFs [4].
OptionsHouse Current Offers
Referrals. OptionsHouse recently increased their referral program. It’s now a choice of $150 or 30 free trades for each person you refer.
Financial Times. OptionsHouse also gives you a free one year subscription to FT.com for new accounts funded with $5,000.
Dell Monitors. Until the end of the month, OptionsHouse is offering 3 different sizes of Dell monitors for opening & funding a new account. You can review all the requirements of the offer in Free 24″ – 30″ Dell Monitors from OptionsHouse [1].