OptionsXpress

OptionsXpress is recognized by reputable investment and financial sources as one of the best online stock trading brokers. optionsXpress offers a variety of investment choices that many other comparable services do not offer to their customers.

optionsXpress has an intuitive trading platform with a lot of tools and special features that include other investment vehicles as well.

optionsXpress offers a wide variety of tools as well as resources needed to teach you about trading online and how to make the best use of  their trading platform. The tools and resources include training videos, webinars and informative blogs. Simulated online trading is another great feature that can help you to test different trading strategies without risking any of your own money.

optionsXpress online trading platform allows the customization of your screen and your window views. To take it a step further their online trading service includes the educational resources and tools that you need to support your specific investment style. The tools include: streaming news, analyst-research, risk and volatility calculators, reports and charts.

OptionsXpress Advantages

When it comes to trading options, optionsXpress has the tools that you need to create and execute simple as well as complex trade orders. You have the option of  using the preprogrammed strategies or you can easily create your own trading strategy, including condor, butterfly, OCO, strangle, combo, spreads, straddle and contingent orders, as well as many other popular choices. If you are brand new to option trading, the intuitive layout of the optionsXpress platform is very beneficial. If you already have experience trading options, than you need to know that the order placement tools that are provided are extremely easy and simple to use.

OptionsXpress Mobile Apps

OptionsXpress also provides mobile apps for Android, iPhone, iPad and Kindle Fire. By utilizing these mobile apps, you can get real-time quotes, trade options and stocks, create and manage watch lists and set up option chains. The only drawback of optionsXpress online brokerage's app is that at this time you are not able to create or manage alerts.

OptionsXpress Fees

Some of optionsXpress' trading fees are higher than what many other similar online trading services charge. Options trades are set at $14.95 flat for up to 10 contracts and then the additional $1.50 per contract purchase for any number above 10. The cost for stock trades is $8.95. Option contract exercise or assignment fee is $8.95, which is less than the assignment fee charged by many other services. However, you need to take note that optionsXpress does not require a minimum balance in order for you to open an account, and it also offers broker-assisted trades without charging an extra fee.

In Conclusion

optionsXpress lets you trade options, futures, stocks and forex from one convenient trading platform using excellent online tools and resources. You are able to place your trades from some of the most-popular mobile devices in a number of different ways. optionsXpress broker platform offers superb education and assistance to help support you as well as your financial planning needs. The trading costs associated with this service are higher than with the majority of other brokers, but in return you get one of the best online stock brokers that is recognized by reputable investment and financial sources.

PROS / No Fee for placing a broker-assisted trade.
CONS / Some of the other online trading platforms offer more customization options.

Our Verdict

OptionsXpress online brokerage offers a comprehensive trading platform with a lot more investment choices when compared to some of the average trading services out there. optionsXpress has a legacy of offering versatile trading services suitable for beginners as well as advanced traders and seasoned market trading professionals.

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