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Showing posts from August, 2012

OptionsHouse Review

OptionsHouse.com is a brokerage site for stocks, options, spreads, etc. It is one of the low brokerage fee firms I have seen, with almost no hidden costs. It is mainly well suited for option traders with very low and flexible fee for options. Fees: Stocks - $3.95 flat (There may be extra fee for penny stocks less than $2) Options - Either $5 for 5+$1 per contract over 5 or $8.50+.15 per contract (In other words, if you will be mostly trading 10 or less options, $5 for 5 works best) Pros: The interface looks very convenient with most information available on the same page. So you would not need to go from one page to other or switch browser tabs. I personally like the interface very much. And it is well known for its mobile application. Some inconveniences which I have seen with stock trading: If you place an order without selecting "all or none", you cannot later modify the order (while its still open) and select "all or none". In order to do this, yo