Optionshouse vs etrade

If you etrade looking to trade options or individual stocks, Optionshouse is hard to beat. Mutual fund and ETF investors might look elsewhere. I first opened an OptionsHouse account more than five years ago. The brands still operate separately, but the new trading platform is more robust with new several new features optionshouse added. The etrade platform is designed to work on any device, including your computer, tablet, and mobile phone.

The result is a lightweight platform that prioritizes reliability, speed and ease of use. Because the platform is web-based, any customizations that you make are saved in your profile and synced across every device. This ensures that you always have access to the robust tools optionshouse trading platform, regardless of your chosen device. Options traders should consider using the strategySEEK tool, which scans live market data for options strategies optionshouse on specific criteria defined by you.

OptionsHouse also offers a virtual trading platform, completely free of charge. This virtual account functions exactly etrade your normal account, and includes all of the live trading platform features. The only difference is the use of virtual money.

Unlike the majority of other brokerages, Optionshouse does not require that you initiate a certain number of trades or maintain a minimum account balance. You can etrade the account and trade on your timing without worrying about ridiculous optionshouse fees. In addition, etrade trade fees are still dirt cheap when compared to other brokerage firms: The platform is robust, the pricing is excellent, and the continual improvements are a welcome addition.

Mutual fund and ETF investors will be disappointed at OptionsHouse and should look elsewhere — perhaps Motif Investing. I discovered your review while searching for Options House new platform reviews. Which brokerage is best value if you want to have the ability to trade in extended hours? Hi Samantha, Both Optionshouse and TradeKing allow some after hours trading. If you are in a spread say 10 and and you want to leg out is there an addition 4. Optionshouse platform also has significant automation capabilities, including trigger alerts that allow users to pre-populate orders; the platform then pushes an alert to optionshouse user when an event is triggered.

Hi Jacob, please advise. All I want to do is buy occasionally optionshouse more and more of the stock of one company. Etrade is the best way, and most affordable way etrade do that? And how much would that cost each time, total? Like including optionshouse fees? Bank account money transfer, etc. Hi Apparently I am considered a professional because my company joined the NYMEX and I trade commodities for my company.

Is there anything I can do? Also I am an active trader probably 5 trades a day on average. I trade VIX related ETF and futures almost exclusively. I did have an interactive brokerage account and might go back, but I like the simplicity of option house. Optionshouse thoughts for me?

Hi, I am new to trading and after intense research I decided on OptionHouse because they were rated as the top user friendly for beginners. I have more than enough funds in the account. What does this message mean and how do I go about purchasing? If there is none, call Optionshouse and ask for an account summary. What is the availability of stock to short with Optionshouse,seems Ameritrade never has any to short. Does Options House check credit when you open an account?

I opened both accounts at TD ameritrade and OH, but if I have a trade question I typically use the TD ameritrade platform, as they email the same day, and answer you. I have seen option house take weeks to answer a question. Optionshouse this a block of text or poem or something? This is excruciating to read.

Options house offers zero education. So for experienced traders or at least people who have a little experience it is great because of low fees. I love options house and would recommend it to anyone with experience. But I would recommend using a firm like Scottrade or TD Ameritrade for a year first and watch and read all of their educational materials, even go down and meet with the broker and take in office lessons, for free.

The choice of broker should be based on fees, since they all provide the same service — the trading of securities. There are endless amounts of educational materials online, available for free. Hi Jacob, I found a guy saying he will invest my money in optionhouse for me.

I know nothing about any of this…I did look at the option house website. Do you think this is a scam or is the guy some kind of haphazard broker??

I would avoid anything like that, without knowing specifics. If you want someone to manage your money, read my Betterment and Wealthfront reviews and pick one of those. That my friend is a etrade. I had a TradeMonster account, which got acquired by OptionsHouse, but just transferred the account to Motif. What would be cool to see is a Betterment vs Wealthfront review and a Motif vs Discount Brokers review if you felt inclined.

I hope that helps. Hey Jakub, Residents of the United Kingdom, Germany, China, and Hong Kong are eligible to apply for an International account type. Have tried many brokers, and still remain impressed by the price and services offered at Optionshouse. Thank you for the review, very helpful. Does optionshouse offer options trading on forex, the indexes, the index futures, not just etrade ETF of the index? I am interested in trading options on the DAX, my current broker does not offer options on any of the indexes or the futures, or forex.

Thank you for your time, abbie. Abbie, I believe so. Can I buy dividend yielding stocks with options house? The customer service is not good. But if you have trouble with your account get ready for a headache dealing with their bad customer service. Ivan, sorry to hear about the issues you are having. There are so many options out there that it can be overwhelming.

After months of looking around, I keep etrade back to Optionshouse. One with OH and one with Vanguard? Also one the account is open do I have to invest immediately?

I am just big on taking my time but doing things correctly. Thanks for any input!! If you want to buy an individual stock or ETF, yes Optionshouse is a great option and the cheapest brokerage firm. You could also open up an account at Vanguard for their specific ETFs. I have accounts at optionshouse firms. You can also take your time and look around. Jacob, can you tell me how Optionshouse would go about transferring my funds from Scottrade to Options House?

You can automatically transfer your funds without liquidating your positions if you request an ACATS transfer from Optionshouse and provide the information for your current account. Automatically reinvesting dividends is a nice thing to have but it ultimately depends on the fund or Etrade or stock, not the brokerage.

If example an ETF does not optionally issue stock for the dividend etrade SDIV instead of cash, you can only get cash, not much the brokerage can do about it. My experience with OptionsHouse has been pretty good though the outage today had me spooked and just after Halloween! Your email address will not be published. Immediately receive your guide to financial freedom and be entered to win exclusive giveaways only available to our email community. Haven Life Insurance Review.

Discover It Cash Back Credit Card. Discover High Yield Savings Account. OptionsHouse Review Review of: Join our community and receive your guide to financial freedom.

Hi Jacob, Which brokerage is best value if you want to have the ability to trade in extended hours? How long does it take to settle funds after a sell so you can buy again stocks on OH? I wrote a review you can read about that. I have seen places offer up to 5 million in margin lines. But short trading, is the way to go in a negative market.

Hi Jacob, Do you know if Optionhouse requires a miminum account balance in order to trade options? HEY JACOB WOULD YOU RECOMMEND THIS TO A VERY NEW BEGINNER WITH NOT A WHOLE LOT OF MONEY. I am from Trinidad in the Caribbean. Will I be able to us this platform to buy stock form the US.

Hello, it should be located in your account settings after you sign in. Hey Jacob, Is it possible to use Optionahouse from UK? I think options house specializes in options, so they probably do all that and more. Yes, and they can be automatically reinvested in your account, or you can request a check. By Mister Desperate Investor. Thanks for weighing in. I think the ex dividend date is the date you must be holding the stock, and then you can sell it the end of the day I believe.

Leave a Reply Cancel reply Your email address will not be published. Join the Community Immediately receive your guide to financial freedom and be entered to win exclusive giveaways only available to our email community. Personal Capital Review Betterment Review FundRise Review Wealthfront Review Motif Investing Review M1 Finance Review.

Haven Life Insurance Review PolicyGenius Review. Discover It Cash Back Credit Card Discover High Yield Savings Account. Dolor aliquet augue augue sit magnis, magna aenean aenean et! Et tempor, facilisis cursus turpis tempor odio. Diam lorem etrade sit, optionshouse a?

Lundium placerat mus massa nunc habitasse. We will contact you as soon as possible. Turpis dis amet adipiscing hac montes odio ac velit? Porta, non rhoncus vut, vel, et adipiscing magna pulvinar adipiscing est adipiscing urna. Dignissim rhoncus scelerisque pulvinar?

Subscribe now and get a free access to a curated list of resources. Feel free to contact. Get Your Guide to Financial Freedom. Interested in Financial Freedom? Join the Cash Cow Community and instantly receive your free PDF guide.