Comments on: OptionsHouse Review: $2.95 Stock & Options Trades

By: Andy

Andy — Sun, 08 Nov 2009 16:03:05 +0000

Optionshouse seems interesting…I too am currently at Zecco, and starting to trade more and want to make sure I am doing everything I can to maximize profits and minimize loss. Thanks for the reviews and comments, I will take a look at optionshouse.

By: Ed

Ed — Mon, 28 Sep 2009 19:17:53 +0000

I’ve been trading with Optionshouse for about two years and trade roughly 10,000 contracts annually. Thus, their flat-rate commission saves me thousands!

Their platform is superb as is their customer service. The only negative I’ve found is that their multi-legged trades don’t fill well. So, I usually trade them in multiple tickets.

By: Saeed

Saeed — Tue, 07 Jul 2009 18:51:14 +0000

I use Zecco but will go with Option house soon
I like the ease of the software and how it is customizable, just testing it with a vertual account now befre I do the full switch, I wish I can afford to do 100 contract like tom for now 5 or 6 will do the trick

By: Tom

Tom — Sun, 05 Jul 2009 15:37:21 +0000

I use Optionshouse for my options trades. Optionshouse has a huge benefit in that they do not charge for contracts. This becomes an issue as you trade large quantities of options. I trade 100 contracts or more. The cost for a round trip buy and sell is about $20 commission. Tradeking, which would appear to be cheaper at about $10 commission, charges $0.65 per contract. That costs you $130 to do the same trade. Obviously, it is a no brainer.

By: thomas

thomas — Wed, 24 Jun 2009 04:35:15 +0000

wow, that is a really great deal. makes me nervous to understand how they can operate at such a low cost.

By: jillianlou

jillianlou — Tue, 23 Jun 2009 19:05:19 +0000

How long have these people been around? Why haven’t we heard more about them?

By: Chuck

Chuck — Tue, 23 Jun 2009 16:18:29 +0000

Options House is my go-to broker, and has my whole taxable retirement fund. The primary reason is the low margin rate. I can borrow against my brokerage assets at only 4.45%. This is cheaper than a home equity line of credit. For quick borrowing to solve short-term cash flow issues, it can’t be beat. The flat fee on options trades is great, too. For anything more than 5 contracts, it’s cheaper than every other broker.

For reasons stated, Vanguard is my go-to mutual fund house. I prefer vanguard mutual funds and have an account with vanguard to avoid transaction costs. However, for liquidity reasons, I also hold some Vanguard ETFs in my Options House account. (You can’t borrow against mutual funds in a mutual fund account.)

By: Jim

Jim — Tue, 23 Jun 2009 15:12:40 +0000

Any broker will have a broad range of ETFs because they're traded just like stocks, so I would check out my best discount brokers list. As for mutual funds, I recommend that you try to find out which funds you want and open an account at the broker that offers them. Fidelity and Vanguard have the cheapest index funds, so if you want one of those you should open an account with them because you pay no commission on those funds. We own only Vanguard mutual funds and do so through a Vanguard account, letting us buy and sell shares at no cost. Vanguard, however, makes for a very expensive broker when it comes to buying stocks because the prices are so high.

By: TJ

TJ — Tue, 23 Jun 2009 15:08:18 +0000

I am more interested in investing in mutual funds, etf’s etc which are no load no transaction fee. What discount brokerage has the broadest range of Mf’s and ETF’s with attractive fees/trade prices?