Detailed Review of OptionsHouse
5 stars based on
Unlike many online brokers OptionsHouse, as the name indicates, it's very much focused on options trading. It's owned and operated by Peak6 Optionshouse commissions, which is one of the optionshouse commissions options trading firms in the United States. The good thing about this is that it pretty much ensures that OptionsHouse knows exactly what its doing.
This has provided OptionsHouse with access to some of the best options trading knowledge and insight, and it clearly shows. It's undoubtedly one of the very best online brokers for trading options and provides an excellent range of products and services. More than likely, anything that you might be looking for or needing out of an online broker you'll be able to find here.
We have provided more detailed information about this broker in our review below. We cover all the key aspects, including the costs of trading, the platform, and research and analysis tools. The biggest appeal of this broker is its competitive commissions and fees, as trading optionshouse commissions are good value for both low and high volume.
Therefore OptionsHouse is highly optionshouse commissions to price sensitive traders but it should will also appeal to those looking for a user friendly and functional trading platform. OptionsHouse is very competitive when it comes to its commission structure. There are two commission plans for trading, one of which is aimed at those that trade relatively infrequently and one of optionshouse commissions is aimed at the more active traders.
Broker assisted trades optionshouse commissions also available and, rather unusually, at no extra cost. OptionsHouse customers optionshouse commissions choose to switch which plan they use up to once per day, which can be useful if making trades of different sizes. What these two plans mean in practice is that OptionsHouse is attractive in optionshouse commissions of costs to basically all kinds of traders.
This has been achieved while still having a commission structure that is easy to understand. Just as the fees at OptionsHouse should appeal to all options traders, so should the trading platform.
It's completely web-based, meaning nothing to download, and it's clean and modern looking. It's simple to use, easy to navigate, and offers plenty of tools and features. The platform is also extremely customizable, more so than others. The entire interface optionshouse commissions be set up to suit your own preferences, simply by adding or removing different sections to the layout. You can even adjust the optionshouse commissions of certain sections or optionshouse commissions to have them open up in a new window.
This makes the whole platform incredibly user optionshouse commissions. In terms of the tools and features, OptionsHouse scores highly optionshouse commissions too. Perhaps the highlight is the all in one order ticket, which can be instantly accessed with a single click. This is really easy to use and makes entering orders a really straightforward process. Also impressive is the Trade Generator, which creates a list of potential trades that may appeal to you based on the parameters you choose to enter.
The PNL Calculator will calculate the potential profit and loss of any strategy you may be considering, including complex strategies. Risk Viewer is a handy tool that will evaluate your open positions and can help you manage your risk exposure. There is live quote streaming, current market news, and much more as well. Experienced traders optionshouse commissions for advanced features won't be disappointed while beginners should have problems getting used to trading while using this platform.
OptionsHouse also offers optionshouse commissions compatibility for those optionshouse commissions to trade using their smartphone or tablet. There are applications designed specific for the iPhone and Android devices and these have been created to a high standard. If OptionsHouse has a weak spot it's probably in the research tools they offer.
There is no third party research available, something which most brokers do provide, and much of the research features they do have optionshouse commissions somewhat lacking in depth. You can access basic information but there isn't much that gives you any real insight. This failing could be considered fair enough considering the fees charged by OptionsHouse, but it's definitely an area where the broker should look to improve.
More positively, the technical analysis tools available are of a significantly higher quality. You can easily view short term and long term trends, along with various statistics and trading signals. Optionshouse commissions there are summaries provided for bullish, bearish and non-directional events. OptionsHouse provides customer support via phone, email, and live chat. The staff appears to be very knowledgeable and they are certainly helpful.
It can be something of a chore to connect to live chat as you have to input a fair amount of details, but this is a very minor issue. Telephone support is available from 7am to 7pm Central time, Monday to Friday. OptionsHouse set out to provide amateur retail traders with access to similar functionality and tools that are available to the professionals.
It's fair to say that this has been achieved, and with very competitive commissions too. The only failing of note is the disappointing research tools. Everything else is very impressive. This broker optionshouse commissions appeal to most trader types, and their fee structure is certainly attractive to both low and high volume traders. It's probably more targeted optionshouse commissions those that have some experience behind them, but there optionshouse commissions opportunities here for beginners too.
Detailed Review of OptionsHouse Unlike many online brokers Optionshouse commissions, as the name indicates, it's very much focused on options trading. Who We Recommend OptionsHouse optionshouse commissions. Additional Services at OptionsHouse. Customer Service OptionsHouse provides customer support via phone, email, and live chat. Summary OptionsHouse set out to provide amateur retail traders with access to similar functionality and tools that are available to the professionals.