What sets apart OptionsHouse from the rest? It is one of the cheapest, if not THE cheapest trading platform out there. There was a time when many online brokerage firms were charging $10 in commissions per trade. Some would even go as far as up to $40 per trade. Unless you have crazy overflowing cash already, this is not a good idea to invest in, at all. However, with OptionsHouse, you get trades with commissions of only $4.95. The best part? It’s a flat rate.
OptionsHouse is for Traders Who Want to Get More Out of Their Trading
OptionsHouse puts an immediate stop for costly trades with their really affordable rates. They really put a downward pressure on the price of its online broker rivals. Their decision to offer more low-cost solution, coupled with high-quality brokerage assistance, results in a definite win for casual and professional investors alike.
But “cheap” is an understatement when it comes to its platform. It is clear that they have made the platform for optimal trading, and they have also included a good list of free features. This results into being one of the top recommendations for many traders of both professional and casual levels alike.
Other than its low costs, there are other advantages to using OptionsHouse Trading Software. For instance, there is a long list of available accounts to choose from, including Joint, Traditional IRAs, Roth IRAs, SEP IRAs, Trusts, UGMA, UTMA, Partnerships, Investment Clubs, Educational IRAs, and Corporate are all available.
They also hold one of the better customer service assistance available in the trading industry. Many already claim to have garnered good results with their customer service representatives through the phone. These agents on the other line will actually know their stuff to bring proper assistance to traders. However, since the demand for these representatives are quite high at times, it is expected to have long hold times.
Just like with other platforms like Robinhood, not everything about this trading software is all sugar and candy as there are some negatives to using it. For instance, there’s the Mutual Funds; even though it is priced relatively low, there only offer a limited number of no load mutual funds which needs to be heavily improvised upon.
However, if you’re looking for a very low-cost alternative to trading, you would be hard-pressed to find anything lower than OptionsHouse. They offer one of the greatest, if not THE greatest option when pricing is heavily involved in your thoughts.