OptionsXpress Online Stock Trading Review

#9 in Online Stock Trading

OptionsXpress is an online stock trading company that specializes in futures, mutual funds, stocks and income brokerage services in the United States and investors across the world. Started in 2001, OptionsXpress is now a subsidiary of The Charles Schwab Corporation. The company’s platform gives you access to a variety of trading tools that help you identify, analyze and carry out various investment strategies. Its partnership with The Charles Schwab Corporation offer investors additional brokerage services and access to banking services through Schwab Bank.

 

Investment Products

 

Item Availability
Bonds
Easy to borrow stocks
Futures markets
Foreign exchange
Stocks
Options
Mutual funds
Exchange traded funds
Retirement accounts
International stock exchange

 

Fees and Costs

 

  Fees and Costs
Options trades $8.95
Broker assisted orders Zero
Market trades $8.95
Futures contract fees $3.50
Maintenance fees Zero
Minimum account balance fees Zero
ACH withdrawals $20
Check withdrawals $20
Full account transfers $60
Partial account transfers Zero
Telephone orders Zero

 

Trading Tools

 

Item Availability
Alerts
Automated trading
Analysis research reports
Virtual trading
Level II quotes
Options tools
Quick order entry
Real-time charts
Real-tme quotes
Watchlists

 

Account Information

 

  Availability
Account balances
Account history
Order status
Partial account transfers

 

Financial Profile

 

  Availability
Banking services
Credit card
Debit card
Retirement planning
Wealth assessment tools
Account security services
Asset protection

 

Mobile Tools

 

  Availability
Mobile alerts
Mobile deposits
Mobile trading

 

Customer Support Services

 

  Availability
Telephone
Email
Live chat
24/7 support
 

 

Online Stock Trading with OptionsXpress

OptionsXpress may not be ideal for high volume traders since fees and charges for trades are considerable higher compare to the other companies reviewed. However, OptionsXpress does provide useful tools and training materials that can adjust to the client’s experience.  It also offers clients a variety of trading options that includes those made from a mobile device. A solid choice for investors searching for a reputable online stock trading service.

 

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