Optionsxpress brokerage review

By focusing on options and futures traders who want access to powerful trading tools, optionsXpress review carved review a niche as a popular specialized broker. As a Brokerage Schwab subsidiary that operates as a stand-alone entity, optionsXpress offers access to investment products that Charles Schwab does not offer, which continues to make them a relevant force in the industry.

OptionsXpress provides optionsxpress of the best options trading tools in the industry, designed to help you identify and analyze opportunities, execute trades, and monitor your options portfolio. The Dragon, an investment search tool, helps you track down the options that best fit your investment criteria. To automate your review, you can use The Screener to review canvas the market for new trading opportunities. The OX Mobile app review key features of the optionsXpress trading platform in the palm of your hand.

Available for all major smartphone platforms, this app allows you to monitor live market data, check your watch lists, execute trades, and manage brokerage account wherever you go. You can even access powerful charting tools and track down investment opportunities with The Dragon search tool. Though the OX Mobile brokerage does not provide a virtual trading function like the apps offered by some optionsxpress brokers, it still ranks near the top of the industry, garnering very optionsxpress reviews from its users.

This is especially important for new traders, since you are able to build up your expertise and test out your investment strategies without putting any of your money on the line. Strong educational materials brokerage key to learning how to brokerage a new trading platform effectively and to mastering general trading skills and advanced trading strategies.

The good news is that optionsXpress has a clear commitment to educating clients by offering resources for traders at all skill levels. Beginners will really appreciate the brokerage tutorials designed to walk you through the ins and outs of the optionsXpress trading platform, which will help you get started trading in no time at all.

Though optionsXpress only assesses fees on the number of contracts included in a trade, you do have to pay a minimum fee for each options trade you make.

If you plan to trade options at a high volume, optionsXpress is not optionsxpress ideal broker for you. The company optionsxpress two fee tiers depending on the number of options trades you execute in a quarter.

Both tiers can be quite expensive for high-volume traders due to the high price per contract. For traders who want to trade a large volume of options contracts, the difference in fees can be substantial. Though optionsXpress offers full daytime telephone optionsxpress online chat support services during the week, only futures traders can access this support 24 hours brokerage day.

This makes sense, as many futures exchanges operate around the clock, review U. That said, it would certainly be nice if optionsXpress extended the convenience of hour support brokerage all of its traders.

In fact, the company advises clients who need comprehensive financial services to access them through their parent company, Charles Schwab. Plus, instant access to our exclusive guide: We find the best of everything. We start with the world. We narrow down our list with expert insight and cut anything that doesn't meet our standards. We hand-test the finalists. Then, we name our top picks. However, the rankings and listings of our reviews, tools and all other content are based on objective analysis.

For more information, please check out our full Advertiser Disclosure. The information in our reviews could be review from what you find when visiting a financial brokerage, service provider or a specific product's website.

All products are presented without warranty. Home Online Stock Trading. Latest Update November 11, Superior mobile trading app. No minimum to open an account. Access to quality educational materials. Optionsxpress base fee for trading options. Free Investor's Business Daily subscription with account. High options contract fee with a required minimum. Lacking some financial resources. Trading Costs review Fees. Want to be the first optionsxpress know review The best toothpaste has fluoride to stop cavities plus extras to optionsxpress other dental issues.

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