OptionsXpress reviews, ratings, pros and cons, complaints from brokerage customers

OptionsXpress Ratings

OptionsXpress average user rating: brokerage firms reviews

OptionsXpress BrokerageReviews.org rating: 5-star brokerage firm rating

OptionsXpress Review: Stocks, ETFs & Options Trading Commissions

$8.95 flat rate per stock/etf trade
Options (active traders): $12.95 for up to 10 contracts, $1.25/contract for over 10 contracts
Options (non-active traders): $14.95 for up to 10 contracts, $1.50/contract for over 10 contracts
Mutual Funds: $9.95
Bonds: $5.00 / Bond - $9.95 Minimum
Futures: 1-40 Contracts $6.99; 41-100 Contracts $5.99; 101-300 Contracts $4.99; 301-1,000 Contracts $3.99; 1,001 + Contracts $2.99

Minimum To Open OptionsXpress Online Brokerage Account

$0 to open a cash account, $2,000 minimum is required to maintain a margin account.

OptionsXpress Promotional Code/Offer/Bonus 2012

OptionsXpress Reviews


by Mark, 12/8/2011 Pros: All of the above Cons: Expensive comission rates This is not a site if you are trading with $1000.00 in power or less. As a broke college student trying to make money, I would only realize my profits are mostly gone after selling shares with an approximate $10 comission rate on each sale. This is totally NOT the site if you like to trade penny stocks. NO WAY!!
by OXP User, 12/1/2011 Pros: Cons: $8.95 flat rate per stock/etf trade It's $9.95 not 8.95
by Tom Avenell, 11/22/2011 Pros: Cons: Started with zero stock option trading knowledge five years ago and can only say there is no room for improvement in any aspect of what Options Express provides. Their commissions are anything but cheap; but, in my experience, cheap is as cheap does. Five stars is an understatement for this outfit.
by brokerage-review.com, 5/17/2011 Pros: Free streaming quotes, paper trading, instructor lead online classes, dividend reinvestment Cons: High trading costs for stocks and options optionsXpress offers great customer service, professional trading tools and is rated best in Trade Experience, Technical Trading Tools, Usability, Research and Customer Service Access in major magazines investor surveys. The firm makes up for high commissions by not charging fees which a lot of other brokers charge. There is no IRA setup and annual IRA fees, no account inactivity, maintenance or platform fees. optionsXpress does not have a surcharge for stocks below $1 (penny stocks), extended hours trading or large-sized orders -- most brokerages have one or more of these charges which makes certain trades really expensive. Read full review at OptionsXpress review.
by Shagi, 5/9/2010 Pros: Cons: Even their futures platform is good but not designed for scaplers or those using 2second charts. For intermediate and long term traders the platform is as good as it gets but commissions a bit steep. Other brokers are just a bunch of monkeys dont care about customers especially the most popular broker in ET used a lot of wannabes.
by murray t turtle, 2/17/2010 Pros: Cons: Comissions aren't a big deal to swing or position trader.IB is a great broker also,but OX charts/stock /option data is much better,years better. As far as charts going down, well Mark Weinstien [option champ] simply cut off his quote machine/exited .Actually if you focus on a few/study trends & proper position size ; really dont have to exit......... William O Neil [IBD] warned about missing moves, because of limit orders,fine,good warning; well usually use limit orders with OXPS, get some price improvement.

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OptionsXpress reviewed by BrokerageReview.org users. 6 customer reviews. Rating: 4.

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