OptionsHouse Review From a Pilgrim’s Perspective

4 stars based on 48 reviews

OptionsHouse is a well known, reliable, and powerful online broker for trading both stocks and options. The online broker launched in early and offers some of the most attractive pricing around.

The company is owned and operated by one of the largest options trading firms in the U. OptionsHouse Minimum Deposit to open an account: OptionsHouse is easily one of options house brokerage review best online brokers ever. Their rates are simply unbeatable for both stocks and options.

Trading options on Ameritrade and ScottTrade are absurdly expensive. One thing that I think OptionsHouse needs options house brokerage review work on is their web interface. One thing I really like about OptionsHouse is their live chat customer service. Every time I need help or had a question, the support person on the live chat end was knowledgeable enough to help.

One tiny complaint I have with these guys is that they transferring money into your account takes a while if you use ACH transfer. I think once they receive the funds they hold it for three full business days before letting you trade.

If you wire the money the funds are available right away. Options House charges 15 cents per contract while some of the bigger brokers charge 75 cents or more. That makes a huge difference, especially when dealing with cheap contracts. Even on the stock trading front, Options House is hard to beat. It just looks ugly and it will take new users a few minutes to orient themselves.

OptionsHouse is exactly what it advertises itself to be. A great platform for options traders. Try placing an order and just see how fast it goes options house brokerage review.

Not sure why, but I remember being able to trade up until 8PM on my last broker. I think someone mentioned this earlier too — when you deposit via ACH bank transfer they hold the funds for 3 days before letting you trade with it. The customer service here is awful. I have been a customer here for a couple of years and it has only gotten worse.

I consider myself an active trader and make 20 trades per week. The brokers here are not properly trained or educated with margin trading, trading rules, order execution and options in general. This is unacceptable and the manager who is in charge obviously does not care.

I have tried to get a hold of this company and options house brokerage review to speak to a supervisor and they always say that no one options house brokerage review available.

They are in clear violation of rules. They options house brokerage review get payment for their order flow from the market makers and exchanges that they route their orders too. That is why many have previously said that their order execution is awful. I also have an account at ETrade and their orders route a lot quicker. OptionsHouse has a horrendous trading platform and is very outdated. Their charting is also horrible.

I learned the hard way being here. I options house brokerage review approx 50k in my account How was that trade done?! My last 6 month activity report is over 88 Pages long. Full of trades I never made, never Heard of the stock before, and at amounts I do not Possess!? Has anyone else had similar Activities appear to your monthly quarterly or six Month downloads?

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