For just over a decade optionsXpress, now a recent subsidiary of Charles Schwab Corporation, has been serving the needs of millions of investors nationwide. Over the last ten years optionsXpress has worked to gain recognition in the industry and that is exactly what they have done. Now considered a top pick for on line trading, optionsXpress is the number one choice for many traders, serving the needs from beginner traders to the most seasoned investors.
| Stock Trades |
Options Base |
Options Contract |
Minimum Deposit |
Mutual Funds |
|---|---|---|---|---|
| $8.95 | $0.00 | $1.50 | $0.00 | $9.95+load fee |
Investment Options
OptionsXpress offers customers a large array of investing options. It is a one stop shop for most investors offering stocks, bonds, options, futures, mutual funds, EFT’s and more. As an added bonus, no matter what your investment choice is, your trades are all made from the convenience of one account.
Features
OptionsXpress has numerous features and benefits available to their customers. To start with they offer an easy to navigate on line trading platform, a variety of trading tools to help traders choose investment options that are right for them and an advanced educational center offering a library of resources not found anywhere else. Additionally, customers have the ability to make trades from the comfort of their own home or on the go no matter where they are from most cell phones.
Trading Tools
OptionsXpress offers some of the best and easiest to use trading tools in the business.
Navigating Tools: The easy to navigate menu makes it simple even for the novice to get their account up and running. Easy access to thousands of investment opportunities are right at your fingertips. Depending on your investment needs you will be able to choose the options that best suit your lifestyle. The Dragon Tool allows customers to enter their trading criteria and will then search for the top 50 investments based on what is entered.
- Strategy Tools – Additionally, you will find strategy tools including detailed pricing tools to help you calculate costs as well as basic and advanced charts, trader calculators and more to help with market analysis and to help guide your trades. Traders are able to use a comprehensive trading approach to assist them in finding the best investment options on the market.
- Personalization Tools – Traders are also able to create a personalized list of all of their investments made through optionsXpress. The list can be customized to trigger market alerts, give updates in your position, and more.
Customer Service
Customer service is available to all traders whenever they are in need of some assistance. Both online support and phone support are offered.
Education And Resources
Whether you are a beginner or a seasoned trader, OptionsXpress account holders have access to a free Educational Center offering a variety of training opportunities. Customers will find everything from live events in the form of on line webinars to on demand training with countless videos, charts and more to help the beginner to the most advanced trader learn the ins and outs of trading strategies and more. Traders also have access to a daily newsletter so they can keep up to date at all times on everything from changes in the market to new tools, account features and more. You will also find a virtual training program that can be used to brush up your skills before you risk your hard earned cash.
OptionsXpress Trading Fees and Commissions
Competitive pricing is what optionsXpress is all about. Pricing is straight forward and offers:
- No account minimums when you open an account or to keep your account open
- Free streamlining quotes
- No platform fees
- No broker assistance fees
- No inactivity fees
- Free paper statements
- No maintenance fees
optionsXpress Awards
OptionsXpress receives ongoing industry recognition and high ratings. Barron’s annual broker survey has given them a 4 star rating for 10 years in a row. In 2011, Kiplinger’s gave them a 5 star rating for their competitive pricing and Options named them the broker of the year for 2010. They have also been recognized in the past by Smart Money and Forbes.
Summary
OptionsXpress offers a user friendly one stop shop for investors who are looking for a simple way to invest in multiple funds. Selling points include no account minimum, low fees, one account for all trading, a straightforward and easy to navigate trading platform and more. Additionally OptionsXpress offers an extensive education and training center free to their customers. Beginner and seasoned traders will be impressed with the ease and low cost of trading with optionsXpress.
