Share your thoughts: Cancel reply. What is Options Trading? I am not sure about the comment optionxxpress multiple screens to place a trade. While not the cheapest broker around for trading options, optionsXpress offers a well-rounded trade platform for both trading online and on the go. In our opinion what this. Your response will be removed from the review — this cannot be undone. Here are six key charts that show the immediate impact of the Brexit vote: 1 The pound has fallen sharply against the dollar […].
Read our in-depth review to find out why OptionsXpress is one of the best options brokers. When online brokerage sites became a trendy alternative to investing with a traditional broker, Charles Schwab took note and acquired OptionsXpress. The result is a combination of a trusted financial source and easy, less expensive access to investing activities. One visit to the well-designed website should whet your appetite from the get-go with its investor-friendly intuitive homepage.
Like the name suggests, OptionsXpress specializes in trading options, but it also allow you to trade in popular securities such as stocks, bonds, ETFs, futures, and even forex foreign exchange. With investor-appetite for online brokerages increasing, CreditDonkey thought an in-depth overview of this brokerage with a specialty would be beneficial for those looking to venture into the marketplace. If you've been hankering to trade options for a long time but don't even know what an option is, OptionsXpress has you covered.
For instance, if you're one of those folks who doesn't like reading articles and prefers the Gen-Z method of video tutorials, this is the brokerage for you, because they thrive on the video platform. Open an account and you'll have access to optionsxpress trading reviews 18, webinars, live seminars, and various tools that clearly, sometimes even with a touch of humor, spell out exactly what an option is and how the trading works.
Opening an account is simple and free -- you don't have to have a dime to do it, as there's no minimum balance requirement. If you're a novice and know you'll probably need some assistance initially, this is a huge savings. Again, OptionsXpress is somewhat of an investment brokerage for YouTubers, as its on-demand video library for every level of trader is vast, informative, and sometimes interactive.
While many are "how-to" videos helping optionsxpress trading reviews 18 utilize the platform, others are tutorials that can assist active traders on their investment strategy to get them to a more favorable position in the market. Its All-In-One Trade Ticket is relatively self-explanatory — trade and see all your investments on a single computer screen.
Its Strategy Scan is geared towards helping you make options choices based on your risk tolerance. And its real-time quote streaming of Options Chains — a clear listing of put and call strike prices for a given maturity period — is invaluable for any investor in the options market. To kick it up a notch, OptionsXpress also offers live seminars and webinars on topics such as trading strategies and the market outlook. In addition, streaming charts, trading patterns and Idea Hub explained below are some of the tools available to help you make an informed investment decision and minimize risk.
Its unique Virtual Trading platform even allows you to eliminate risk completely by providing you with fake cash to test the waters of online investing before you go all-in for real. Remember, self-directed investing is risky, especially for novices, so what better way to see if you have a knack for it than playing with someone else's fake money? There's nothing like real hands-on experience, and OptionsXpress invites you to dive right in. Even if you decide not to take the plunge and invest with real money, at least you had some time to have a little online fun.
For those investors looking to accelerate into the options-specific market full-speed ahead, OptionsXpress offers its optionsxpress trading reviews 18 Idea Hub platform which provides investing ideas based on risk, earnings, and income-based strategies. It's unique and easy-to-digest graphing system gives you a full-screen overview of many options all on one page, and is designed to help you invest quickly with just a click of the mouse if you're tempted to trade in a flash. Before you make that trade, you can view profit and loss optionsxpress trading reviews 18 probability charts before giving the OK.
Most online brokerages offer mobile apps so you can trade on the go, and OptionsXpress is no different. It has an app for both the iPhone and iPad, as well as Android devices. The mobile platform is similar to others such as E-Trade and TradeKing and will supply you with real-time quotes and news and the ability to trade remotely. You also get access to options and futures trading. While the mobile app isn't seamless, it does get 3 out of 5 stars by users on iTunes, while Android users have rated it 4.
Another feature that deserves its own category is its live, in-person workshops run by the dedicated OptionsXpress education team. Currently, it offers seminars in Los Angeles, Seattle, and San Diego, where you can meet financial professionals, ask questions, and interact with people like yourself. But don't despair if you don't live in a major city — the free interactive webinar will allow the professionals to coach you right in your home office no matter where you're located.
Futures are traded in the global commodities market, and because of this, OptionsXpress offers you hour trading, even when the markets are closed. The ability to trade electronically is a plus given the liquidity and fast-action of some markets, and you can trade long- or short-term. As with all their security resources, you get education, tools and seminars geared towards futures trading if you're unsure if it's something you want to dive into.
A list of the products you can invest in is laid out on their website, so if you're a chocolate lover and want to start making some money off your cravings, you'll be able to do so by investing in cocoa via OptionsXpress. If you're looking to trade in the high-risk arena of penny stocks also known as pink sheets or OTCBBOptionsXpress allows you to do so. Whether you're looking to travel around the world, relax in your backyard or merely live out your golden years without worrying about your food bill, saving for retirement is always a good choice — especially when you've invested well and your cash continues to grow.
OptionsXpress offers you seven different IRA choices, including the Traditional and Roth IRAsas well as options to purchase one for your children or grandchildren. It also offers an IRA not often available on other online trading platforms, the SEP IRA — a retirement plan for the self-employed or owners of small companies. Based on these two fees alone, it seems obvious that the better choice in this case is OptionsXpress. OptionsXpress vs Vanguard A quick visit to Vanguard's website might overwhelm the novice investor, as it's a bit dense and difficult to navigate.
Given the OptionsXpress great online platform, it wins this one hands-down. OptionsXpress vs ETrade As an industry leader, E-Trade has a plethora of resources and tools at your disposal and can easily rival OptionsXpress. If you're torn between using E-Trade or Metatrader us stocks prices, it might turn out to be optionsxpress trading reviews 18 "taster's choice," depending on what your investment needs are.
To help you decide, it might be worth checking out CreditDonkey's E-Trade review so you can compare apples to apples. Seminars Free webinars and local workshops at Schwab branch offices Live events and educational seminars at local branches. Stock Trading Options Trading Mobile App Commissions and Fees Education Online Community Trading Platform Banking Ease of Use Research Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey.
Please visit the product website for details. Whether you're specifically focused on options trading or other securities, you really can't go wrong with choosing OptionsXpress. It's ranked highly by several financial magazines, is fairly priced for both the active and sporadic trader, and it gives you a ton of resources at your disposal. Its interactive videos are unmatched in the online brokerage game, and are certain to be a lure for both seasoned and young investors alike.
Cynthia Cohen is a retail analyst at CreditDonkey, a stock broker comparison and financial education website. Write to Cynthia Cohen at cynthia creditdonkey. Our data-driven analysis has been recognized by major news outlets across the country and has helped families make savvy financial and lifestyle decisions. Please support CreditDonkey on our mission to help you make savvy financial decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site.
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CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. Here is a basic breakdown of OptionsXpress pricing:. BOTTOM LINE: Why OptionsXpress. Stay informed with free money-saving tips, deals, and reviews from CreditDonkey.
More Articles in Reviews Personal Capital bills itself as a robo-advisor with a human touch. You get optionsxpress trading reviews 18 service, but the fees are slightly higher. Is it worth it? Best CD Rates Best Online Checking Accounts RealtyShares Review Betterment Review Are you tired of earning just pennies on your savings every month?
Are you looking for another way to build wealth? Do you want to invest in the stock market but don't know where to start? Study: Best Discount Broker - TradeKing vs Scottrade vs OptionsHouse When you're ready to invest, it's not wise to choose a broker just because it has the lowest per-trade fee. Discount brokers have others pros and cons including other fees that are worth optionsxpress trading reviews 18 before making a choice.
Study: Best Stock Broker for Penny Stocks The name "penny stock" can be misleading. To the untrained investment ear, it sounds like an easy trading gig with little at stake. However, nothing can be further from the truth, as it's a very volatile market that should be researched optionsxpress trading reviews 18 before trading, especially by novices. It's more for seasoned traders who understand the pitfalls rebate forex knowledge the risk involved; it takes some finesse to trade in this arena — and be profitable at it.
Study: Best Online Stock Broker for Beginners Which online broker is best for beginners? Read this in-depth comparison to see which stockbroker is best for ease-of-use, fees, and educational materials. Lucky you — you've been working hard, you've got some cash to invest, and you want to see all those dollars multiply. But where to begin? Study: Best Brokerage for Options - OptionsHouse vs TradeKing vs OptionsXpress Options trading is not an advanced investment strategy reserved for the most experienced of traders and certain undomesticated canines of Wall Street.
Start putting away money now, in places where you can actually see some return, and those earnings will add up and multiply over time. No account minimum for retirement accounts Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. Free webinars and local workshops at Schwab branch offices Live events and educational seminars at local branches.
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31 optionsXpress reviews. A free inside look at company reviews and salaries posted anonymously by employees. OptionsXpress provides some of the best options trading tools in the industry, designed to help you identify and analyze opportunities, execute trades, and monitor. OptionsXpress Review Arielle O'Shea January 3, The real stars of the OptionsXpress trading tools lineup are the company’s Recent Broker Reviews. TD.