optionsXpress Holdings, Inc. is a retail, online brokerage firm, headquartered in Chicago, Illinois, that provides brokerage services for options, stocks, futures, mutual funds, and fixed income investments in the United States and internationally. Its browser-based technology provides trading tools, enabling investors to identify, analyze, and execute a range of investment strategies.
Virtual Trade, optionsXpress' virtual trading platform, gives customers the ability to test trading strategies and ideas under real market conditions, without putting real money on the line.
The Charles Schwab Corporation and optionsXpress Holdings, Inc. announced on March 21, 2011 that Schwab will acquire optionsXpress.
Industry awards and rankings
optionsXpress has received numerous top rankings by personal finance publications, including the top-star ranking in the annual Barron's Magazine online broker review for five years in a row. Top rankings have also been awarded to optionsXpress by Forbes and Kiplinger's.
|Trading Platforms||Virtual Trade, Walk Limit®, Idea Hub®, Trading Patterns, Streaming Charts, Chains, All-In-One Trade Ticket, Trade and Probability Calculator, Volatility View, oX Social, optionsXpress Mobile|
|Address||Chicago, IL, USA|
Horrible Broker stay away, they will find any little reason to restrict your acct and make you waste time sending in documents upon documents and take an eternity to review them
I want to trade from Mexico and I am wondering how I can deposite money to my broker account???
whats the difference between options express and schwab? dosent OE also say charles schwab next to it?
I am considering moving a considerable amount of money from my old 401k into a mutual fund account. Is this a good company to do this with?
I have been with OptionsXpress since 2003 and just opened an account with OptionsHouse. I stayed with -Xpress because I was comfortable with their tools. However their fees are way too high for a discount broker especially for non-active traders. OptionsXpress charges a hefty fee for their "mentoring" program. Also, the Xtend platform that is supposed to make trading easier, is horrible. I have found it to be non-responsive when modifying orders and have even failed to log in to the platform multiple times. Market orders are executed in an instant, as with any other broker, but placing orders on the website involves multiple screens and can never be done fast without the risk of costly errors. I would not recommend OptionsXpress for non-professional traders. Everything they offer is available at other brokers with much lower trading commissions.
I know there is no surcharge for penny stocks, i trade a lot of stocks under .50 pps, it says on their site that each penny stock trade is "looked over" before it's placed... anybody know what this means?
What kind of fees does optionsXpress charge for inactivity?