optionsXpress Brokerage Review

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 1 person | Log in to rate

Ranked #509 in Business, #22,044 overall

2009 optionsXpress Review

Finding a good online broker can be tough at times, however there are a few gems among the rocks. optionsXpress is one of them. Featuring custom-made trading tools for both experienced and novice stock and options traders alike is one of the many things that makes optionsXpress stand out among the crowd.

In just a few short years, optionsXpress has risen from an online brokerage specializing in options only to a full service online discount brokerage utilizing the latest trading technology to provide you with a pleasant and pain-free trading experience.

In this review of optionsXpress we'll explore optionsXpress options trading and what people are saying about optionsXpress today!

Why Use optionsXpress? 

Why should you use optionsXpress?

optionsXpress



  • No base rate, no additional charges, no hidden fees.


  • Innovative tools that take the guesswork out of trading.


  • Huge variety of product to choose from, not just options, such as stocks, futures, ETFs, bonds, and much more.


  • Virtual trading system so you can test the waters before you buy.


  • Dedicated, knowledgeable customer service.


  • optionsXpress cares about YOU, not just your money!


  • optionsXpress Information 

    Information about optionsXpress

    optionsXpress had a mission--to be more than just a brokerage firm. optionsXpress has achieved its goal and much more. At optionsXpress, you get a complete package for finding and evaluating your investment ideas. The world of investing is a big and scary place--and if you go with optionsXpress you won't be alone.

    optionsXpress has powerful and innovative trading tools to help you along your way to financial success. These tools were designed by investors for investors--people like me and you. Completely customizable charts and on-the-minute news and research resources help you see what is the most important to you. Scanners that sift through the markets for investment opportunities that are just right for you.

    And many more brilliant and very powerful tools are available right at your fingertips. optionsXpress has taken the lead in the online brokerage world with these tools that separate it from the flock.

    optionsXpress

    OptionsXpress Tools for Traders 

    Power Tools for Options Traders

    Streaming Quote Books for Each Option with Options Chains at optionsXpress
    Access a wealth of investing knowledge on a single powerful page with Options Chains.
    Search for Investment Opportunities with Chart Patterns at optionsXpress
    Pick your price range, time-frame, market cap, and trend direction to see stocks that share similar characteristics.
    Build Personalized Charts with XpressCharts & FlexCharts at optionsXpress
    XpressCharts & FlexCharts allow you to create tailor-made charts so you can view what you want, when you want.
    Scan the Market to Identify Opportunities with The Dragon at optionsXpress
    The Dragon scans the market for the top 50 stocks and their corresponding options based on the criteria you select.
    Query the Market for Options, Stocks & Futures with Screener at optionsXpress
    Scan the market to identify options, futures, stocks, mutual funds, and ETFs based your specific parameters and criteria.
    Find Trading Opportunities with StrategyScan at optionsXpress
    StrategyScan can help you find potential options trades based on your time frame, experience, and market outlook.
    Calculate Profit & Loss Potential with Trade Calculator at optionsXpress
    Trade & Margin Calculator helps you assess the potential investment risk or reward of an order you are about to place.
    Trade One Step at a Time with Trade Wizard at optionsXpress
    Placing a trade doesn't have to be complicated. TradeWizard guides you one step at a time and in four easy steps.
    Practice your Investment Skills with Virtual Trade at optionsXpress
    Virtual Trade allows you to practicing trading options, stocks and futures without the risk and without spending real cash!
    Potential Buyers & Sellers & Better Prices with Xspreads at optionsXpress
    Find liquidity information for each spread, access spread chains and navigate directly to trade tickets customized for each trade.
    Customizable Trading Console with Xtend at optionsXpress
    View real-time quotes and chains. Track balances, positions, and watch lists. Place trades all from one convenient desktop window!

    Video Tips for Options Traders 

    Today's top video tip for options trading

    Trading By The Numbers (1 of 5): Trading Options Lab

    www.tradingoptionslab.com Overview: While the majority of traders hope to make a profit trading options, we take a more business like approach and hope has nothing to do with it. Trading options to us is entrepreneurial. We take advantage of market opportunities, build positions, manage a portfolio and generate profits trading options based on: 1. fundamental business principles and 2. market truths We are not investment advisers or financial planners, we are retail investors like you. We do ...

    Runtime: 9:33 | 6661 views | 0 Comments

     

    automatically generated by YouTube

    OptionsXpress Fees and Commissions 

    How Much do Trades cost at OptionsXpress?

    OptionsXpress has a very competitive pricing structure for traders of options, futures, stocks that puts it near the top of the market. For a full list of commissions and fees, you can always check out the Official OptionsXpress Trading Fees and Commissions page.

    Some of the most popular trades and their prices are as follows:

    Options: $15 for 10 contracts

    Futures: Between $2.99 and $6.99 depending on how many trades you make each quarter.

    Stocks: $14.95 with less than 9 trades a quarter, $9.95 with more trades.

    Options on Futures Contracts: $5.99 to $12.99 depending on # of contracts traded per month.

    The latest optionsXpress Blog Posts 

    News straight from the options broker

    Get your daily dose of Options tips over at the optionsXpress blog. I've found it is very concise, well written, and does a good job introducing people who are new to options trading in general or to optionsXpress specifically a good overview of many of the different things that can be done with options.

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    Join optionsXpress Now

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    OptionsXpress in the News 

    optionsxpress Down 3.4% Since smartrend's Sell Recommendation
    Since then, optionsxpress has returned 3.4% as of today's recent price of $15.16. Want to profit from these alerts? Go to www.mysmartrend.com now for a FREE ...
    OptionsXpress Volume Down 20% in October; Account Demand Lags
    OptionsXpress Holdings Inc. (OXPS) reported lower key metrics for October, noting that the company continues to see lower demand for new accounts "as a ...
    optionsXpress Survey: 71% of Retail Investors See Real Estate as Risky Bet for ...
    The survey, conducted in mid-October, found 47% of optionsXpress customers see real estate as somewhat to significantly risky versus only 19% who believe it ...

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