OptionsHouse – reviews and review of the trading platform

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E*TRADE Review 2020: Free Commissions, Large Investment Selection

E*TRADE excels even outside of its $0 commissions, with superb educational resources, portfolio-building tools and a large mutual fund selection.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Our Take

The bottom line: E*TRADE has long been one of the most popular online brokers. The company’s $0 commissions and strong trading platforms appeal to active traders, while beginner investors benefit from a large library of educational resources.

on E*TRADE’s website


on E*TRADE’s website

Account Minimum

cash credit with a qualifying deposit or transfer

Pros & Cons

Large investment selection.

Excellent customer support.

Access to extensive research.

Advanced mobile app.

Commission-free stock, options and ETF trades.

Website can be difficult to navigate.

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    The Best Broker! Try it and get a 10 000 $ bonus!

  • NS Broker
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    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!


    Only For Experienced Traders!

Compare to Similar Brokers

Account Minimum
Account Minimum

cash credit with a qualifying deposit or transfer


minimum trade cost

Best Online Brokers

Full Review

E*TRADE offers value to both beginner investors and frequent traders with a library of educational resources, professional-level trading platforms, and tools to help assemble a risk-appropriate, balanced portfolio. Active traders will appreciate the firm’s $0 commission for all stock, ETF and options trades.

In February 2020, Morgan Stanley announced a $13 billion deal to purchase E*TRADE, which is expected to be complete pending regulatory approvals by the end of the year. E*TRADE will continue to accept new accounts, which will move to Morgan Stanley once the deal is final.

E*TRADE is best for:

Research and data.

Retirement planning assistance.

E*TRADE at a glance

Stock trading costs

No base commission; $0.65 per contract (volume discount available)

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer out fee; $25 partial

Number of commission-free ETFs

All ETFs trade commission-free.

Number of no-transaction-fee mutual funds

• Stocks. • Bonds. • Mutual funds. • ETFs. • Options. • Futures.

Three platforms available for free to all customers: • E-Trade Web. • Power E-Trade. • E-Trade Pro.

Two high-performing apps: • E*TRADE Mobile. • Power E*TRADE. Available on iOS and Android.

Research and data

Free and extensive, with over eight providers available at no cost.

Customer support options (includes website transparency)

Phone, email and chat support 24/7; 30 local branches

$100 to $2,500 cash credit with a qualifying deposit.

Where E*TRADE shines

Trading platforms: E*TRADE has three trading platforms — E*TRADE Web, Power E*TRADE and E*TRADE Pro. All are free and available to all customers, with no trade activity or balance minimums.

E*TRADE Web offers free streaming market data, free real-time quotes, live market commentary, analyst research stock screeners and more. From the dashboard, you can track your accounts, create watch lists, view market data and make trades, including complex options strategies.

E*TRADE Pro, the company’s desktop platform, is equally impressive, with idea-generating tools like Strategy Scanner and back-testing capabilities.

And for truly active traders, there’s Power E*TRADE, the result of the company’s acquisition of OptionsHouse several years ago. The web platform offers real-time data, more than 100 technical studies, over 30 drawing tools, streamlined trade tickets, customizable options chain views and trading ladders.

E*TRADE options trading platform.

There are plenty of educational materials and demos on the E*TRADE website that let you peek at what each platform can do.

Free commissions: Effective October 2020, E*TRADE dropped its once-high $6.95 trade commission to $0 for online stock, options and ETF trades. Options still carry a contract charge, but that was reduced to $0.65, with a discounted fee of $0.50 for active traders.

Mobile app: E*TRADE’s two free mobile apps are standouts, perhaps the best available from any online broker. Both are available for iOS and Android.

The E*TRADE mobile app allows you to easily manage your account, place trades and get real-time quotes and news, including Bloomberg TV. It offers advanced mobile features like stock and ETF screeners, as well as multi-leg options trades. The E*TRADE app is available for Apple Watch as well.

The Power E*TRADE app offers many capabilities on the go: Traders can access the customizable options chain, a selection of popular technical studies, charts, streaming quotes and news. The app can be used for trading complex strategies, including four-legged option spreads, and futures traders can enter futures orders directly from the futures ladder.

Investment selection: E*TRADE offers a breadth of investment choices that will please active traders and retirement investors alike, including futures and advanced options strategies, as well as more than 4,400 no-transaction-fee mutual funds. That mutual fund lineup easily rivals those at other brokers. Mutual funds not on the no-fee list will cost $19.99 per transaction.

E*TRADE’s analysts regularly update a list of highlighted mutual funds called the All-Star Funds Report with the top no-load funds and ETFs offered.

Educational resources: E*TRADE is a great jumping off point for beginner investors, in part because of the educational resources it offers. Online, investors can view webinars on topics like options trading, technical analysis and how to diversify a portfolio, and in-person events are regularly held at E*TRADE branches.

The company also offers online investing courses from independent investment research company Morningstar, covering everything from stocks 101 to how to build an emergency fund. A thematic investing section of the E*TRADE website includes advice for how to invest in companies that align with specific values, like gender diversity, clean energy and cybersecurity.

E*TRADE also has strong in-person customer service, with 30 branches staffed by financial consultants. Customer support is also available by phone, email and live chat 24/7.

If you’d rather skip learning and cede investment decisions to the experts, E*TRADE’s robo-advisor service, E*TRADE Core Portfolios , will manage your portfolio for you for an annual advisory fee of 0.30%. The minimum investment for that service is $500. Robo-advisors are computer-based investment advisors who build and manage client investment portfolios.

» Interested in a robo-advisor? Here are our top picks .

Where E*TRADE falls short

Website transparency: Part of our analysis includes how easily and quickly customers and potential customers can find key information on a broker’s website; E*TRADE came up a bit short in this area. Our testers were unable to easily find the company’s required account minimum or guidance on how to close an E*TRADE account once open, both of which should be readily available.

The bottom line

E*TRADE’s investing tools, educational resources, large selection of no-transaction-fee mutual funds and innovative trading technology will suit all types of investors. Active traders will love the $0 commissions, and beginners will easily get up to speed with the company’s deep educational resources.

OptionsHouse Review

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by Eric Stauffer ON Apr 8, 2020 0

Eric Stauffer
Founder & Former Insurance Agent https://res.cloudinary.com/quotellc/image/upload/insurance-site-images/expertinsurancereviews-live/2020/12/eric-stauffer-headshot.jpg

UPDATED: Apr 25, 2020

We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.

Table of Contents

Following the adage “it’s not how much you make, it’s how much you keep,” OptionsHouse has priced it’s services for the active trader. Competitive commissions and low per-contract fees ensure a win-win situation in that the more you trade the more you save and conversely the more you trade (and save) the more OptionsHouse takes.

Much like the Canadian online brokerage firm Questrade, OptionsHouse offers flexible pricing for options, enabling investors to tailor their pricing strategy to their trading propensities.

Compared side-by-side to other discount and full service brokerage firms, OptionsHouse is cheap.

It cost $4.95 to trade stocks.

No frills, no hoodwinks, no hidden fees, just $4.95. $4.95 stock trades are cheap for even the discounted brokerage firms. Often times we see with cheap pricing comes sacrifice, whether its poor customer service, lacking research tools and/ or dated and slow platforms. With OptionsHouse you get a great price and industry leading technologies.

OptionsHouse is called OptionsHouse for a reason: because of their competitive commission plans for options trading and options contracts.

OptionsHouse offers two different pricing models:

  • For the less-active trader- the 5 for 5 plan.
    • Single-leg options, $5 bucks for the first 5 and a dollar a contract thereafter.
  • Active options trader- the high volume plan.
    • $8.50 & $0.15 per single-leg contract order.

OptionsHouse offer two (2) price commissions on spreads as well:

  • The 10 for $10- and $1/ contract thereafter
  • $12.50 + $0.15/ contract

**Important to note that OptionsHouse does support thousands of mutual funds, so only about 30% of them can be traded on the platform without redirecting to a third party vendor.

Mutual funds trade @ $9.99.

Trading Platform

OptionsHouse just finalized its merger with TradeMONSTER, and the trading platform has migrated over to TM. Existing account holders will see the same fee structure and options, just on the TradeMONSTER Platform. For the sake of this section, TradeMONSTER and OptionsHouse can be used interchangeably.

OptionsHouse trading platforms are superior in many ways to the competition for the following reasons:

To the dismay of some expert traders, OptionsHouse offers only a browser-based version of their platform. If you require advanced desktop options, you may have to look to other brokerage firms, however its probably worth giving it a shot.

With features like all-in-one ticket orders, OptionsHouse platform is intuitive, customizable and efficient.

What separates their user experience from many others? Its fast.

Everything in OptionsHouse is designed to execute with precession and speed. This is the reason they offer only a web-based architecture. Plus it makes it easier to maintain and control from their end.

Streaming quotes, data, market news and an integrated trade ticket ensure that everything needed to make decisions and physically execute trades is a click or two away.

How else is it fast?

Its customizable, meaning the interface is designed by you to fit your needs. Fully changeable layouts, flexible views, multiple chains and adjustable widgets give you the user a personalized experience.

If it sounds like I’m selling their platform, its because its that good.

Ok, so the platform is powerful and accelerated, how about their trading tools? After all, the entire portal can be well designed to allow for perfect flow, but if access to information is bogging you down, then what’s the point?

Lets take a look at OptionsHouse plethora of powerful trading assets:

  • Volatility Charts – implied and historic analysis
  • Probability Calculators – Enter a symbol, place a target price and calculate probability
  • Stock Screener – Personal criteria selections enable stock screener to recommend investments that may fit your style
  • Profit and Loss Calculator (P&L)
  • Live stream – Charts, market data and news
  • OptionsHouse Risk Score – proprietary algorithms designed to assess and analyze your portfolio risk
    • Different types of risk
    • Risk mitigation
    • 1-10 rating system
    • Valuable risk management even for the laymen
  • Risk Viewer – More risk algorithms
  • Spread Investigator – Scans equity options for call and put options with high theoretical returns

And if you are new to trading, test your skills, learn strategies and execute trades at no risk with OptionsHouse’s Virtual Trading.

OptionsHouse Mobile

Barron’s 2020 gave OptionsHouse 4 ½ out of 5 for their mobile applications.

OptionsHouse reign of platform superiority does not end with their web portal. Stay connected to your accounts while executing trades on the go with OptionsHouse mobile applications available for iPad, iPhone, Kindle Fire, Android phones and Android tablets.

A very similar user experience found with the web portal can be felt on the OptionsHouse mobile applications.

Retirement Plans

Although seemingly kept on the backburner, OptionsHouse does offer the usual retirement accounts just as the full service brokerage houses do. Just because a major emphasis isn’t placed on their retirement options, OptionsHouse does provide most options you would seek.

It is important at this juncture to keep things in perspective. OptionsHouse is a lean trading machine, and to revert too much attention to other “full-service” aspects of the financial sector would be to stray away from its fundamental core competency.

What does this mean to you, the investor?

If you are an active trader, looking to capitalize on OptionsHouse low trading fee structure and want to keep some other retirement accounts under the same roof, then OptionsHouse will be perfect for you.

If you are NOT an active trader, looking primarily to find a financial institution to start plugging money away for the long-term, and have very little interest in actively trading stocks or options, then OptionsHouse is not for you.

Banking Features

Here is where OptionsHouse is seen separating itself from its full-service counter part, banking.

Basic banking services like checking and saving accounts are available, however require account minimums of $10,000. In addition, the accounts must hold at all times that minimum of $10,000. If you are able to comply with these standards you are able to save, write checks against and transfer monies from investment accounts to bank accounts. If not, you will need to bank elsewhere.

Customer Service

Not much to say on OptionsHouse customer service. The web doesn’t have an overwhelming vendetta against and them, and that says a lot.

I conducted some research to determine my own opinion on OptionsHouse customer service…

I fired up their live chat functionality, which is not reserved strictly for account holders. Within seconds someone by the name of Mike had greeted me and asked how he could assist. I struck up a conversation as if I had basic retirement account and trading questions. The more I asked ridiculous questions, the more polite Mike got, and by the end of it had intelligently answered all of my questions.

So, in conclusion, OptionsHouse live chat capabilities, even for non-account holders, did not disappoint.

OptionsHouse provides a steady stream of available, free webinars, again not reserved only for account holders. Without being logged into my account I was able to register for upcoming webinars as well as simply watch past webinars right on the OptionsHouse website.

In addition to live webinars, access to live chat and email, OptionsHouse is of course available by phone (7am-7pm Central Time).

  • Dial Toll Free – 877-653-2500
  • Outside the US – 1-312-279-9970

All things considered, OptionsHouse provides customer service to back its superior product offerings.

Bottom Line

OptionsHouse is often called a discount brokerage house, which makes sense when reviewing price. However upon close inspection, they seem to behave more like the full-service competition (like TD Ameritrade and Fidelity).

If you’re an active trader you should consider OptionsHouse as your home base.
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Bloombex Options Review

Bloombex Options

Bloombex Options is one of the leading binary brokers which are available on today‘s market of binary options. Since binary options are becoming more and more popular, the possibility of stumbling upon a scammer are greater, and that is the reason why you need to have a trusted broker which works for the interests of the customers. Bloombex Option is the binary trading platform of choice for over 100.000 investors. The number grows with each day passed, meaning that this broker is really the one you can trust. In this Bloombex Options review, we will take a look at all of the options that the broker provides, as well as all other aspects, such as the assets, tools, customer service, the platform itself etc.

Bloombex Options Trading Platform

The first thing that Bloombex Options can really “brag” about is their long experience in the field. Considering that the company was established in 2009, it definitely has the edge over other brokers on the market which exist for only a year or two. Since with experience comes wisdom, there is no surprise that the company chose the popular and highly stable trading software SpotOptions and built their platform around it. According to Bloombex Options reviews, the platform is super reliable and probably one of the best on the market today.

Considering the fact that it was built on SpotOptions, Bloombex really has some space for personal marks and varieties. The platform is constantly being worked on and improved, making it even more stable and user-friendly than it is.

Of course, living in a modern era when investors usually have to be on the move, Bloombex Options also have their mobile app which comes with all the options that the desktop version has to offer. The app is available for all Android and iOS devices and you can find them on the Google Play Store and the Apple App Store. The app is the perfect choice for investors who would like to continue trading and following the market changes even when they are on the move. According to many Bloombex Options reviews by customers, the app is very practical and simple to use and understand.

Assets and Binary Option Types

Bloombex offers a great range of different assets which customers can bid on. The assets are divided into four categories: Currencies (currency pairs such as USD/EUR, EUR/AUD, USD/JPY etc.), Commodities (such as gold, silver, wheat, oil, petrol etc.), Indices (RTS, NIKKEI, NASDAQ, TOPIX etc.) and Stocks (such as Apple Inc., Nike, Nissan, LukOil etc.). Customers can choose between different assets and start making their predictions. On the trading platform, you will find a tab titled “Hot Assets”. Under this tab, you will find the most popular assets at the moment, so this basically gives you a quick access to the hottest assets from all categories, and it is really easy to navigate through according to Bloombex Options reviews by investors.

When it comes to the binary options which Bloomex Options provides, one can say for sure that there are quite a lot of them which you can choose from. The binary options are suitable for all traders regardless of their experience, according to some of the Bloombex Options reviews. Some of them are the following:

  • High/Low: the most traditional binary trading option, where the investor is supposed to make a prediction whether the price of a certain asset will go up or down by the end of the expiry time.
  • Long Term: if you are one of those people who would like to take things slowly, bidding long term can be just right for you since it allows you to place your investments on an asset for a longer period of time.
  • One Touch: Unlike the High/Low binary option, with One Touch, the trader is supposed to make a guess whether a certain asset will reach a certain price point by the expiry time.
  • Ladder: A high-earnings binary option, where there are different asset price levels which the asset must meet by the expiry time.
Customer Services

Having a good customer service is crucial in the world of binary trading. Questions and doubts can come out of nowhere, so the user must have someone to rely on in situations when their money is at stake. Bloombex Options offers a decent customer support service, even though it can be said that it is definitely weaker than the customer services of other popular brokers of today.

On the website, under the Contact Us tab you will find a contact form that you can use and ask any questions you might have. According to Bloombex Options reviews, the response time to their questions sent through the contact form was fast enough. If you would like to do things in a different way rather than filling in a contact form, you can give the support team a call by choosing one of the regions which the company operates in. Their service is multilingual, meaning that the staff will talk to you in several different languages, such as English, German, Spanish, French, Russian, Dutch, Arabic and Turkish. Of course, there is the possibility to drop Bloombex Options an email directly at the email addresses listed on the website. A cool feature which Bloombex Options offers is their live chat option. When you enter the website, you will notice a chat window on the right side, ready to be initiated. You can use this option to contact the support team in a really efficient way.

Still, a downside to Bloombex Options is that unlike many other brokers who provide customers with 24/7 support, this broker‘s support team is available from 6:30 to 22:00 GMT every day.

Bloombex Options Account

At Bloombex Options, it is simple to register for a new account according to Bloombex Options reviews from existing users. When you open their website, you will notice the “Open Account” section. Clicking on the section will lead you directly to the form which you need to fill in in order to open an account.

Filling in the form is just a standard procedure that you have probably done a million times in your life so far. Of course, after you submit the form, you will receive a verification email with the instructions on how to verify your account.

A good thing is that you do not have to deposit money immediately when opening a new account, which is a thing that newbies enjoy according to their Bloombex Options reviews. You can actually open the account without not having any deposit. However, that would be totally useless since you need money in order to make investments. This is great because you can first set your account, take a look around, and then make a deposit when you feel that you are ready. Of course, if you face any difficulties when registering for the account or when depositing money, you can always contact the support team and have them help you!

Bloombex Options does not offer a demo account, which can be a great turn-off for newbies. However, in order to start trading, you would need to deposit at least $300, which is a decent and affordable amount of money for people who are new in the field of binary trading. The minimum investment you can make is $10, while the maximum is $1.000.

Deposit and Withdrawal Methods

Bloombex Options really have a wide range of payment methods which you can choose from. Besides wire transfers, the broker accepts many different credit and debit cards such as Visa, Master Card etc. They also accept deposits and withdrawals to and from Skrill and PayPal.

For wire transfer, you would have to pay $20 commission for each transaction. Also, the minimum amount which you can deposit via wire transfer is $500. The minimum deposit from a credit card on the other hand is $250.

Bloombex Options will ask for an identity verification before enabling you to withdraw funds. In order to do that, you would need to fill in and sign a form provided by the broker, send a picture of your government issued ID, Passport or driver‘s license, a proof of address, and a picture from the credit card you are using to make deposits, both front and back. All of these required documents together with the signed form should be sent to an email which is provided on the broker‘s website.

We hope that you found our Bloombex Options review helpful. As you can conclude for yourself, the biggest advantage that this broker has over other brokers is the fact that it is one of the oldest binary trading brokers on the market. It offers great possibilities to users, including a huge number of indices they can choose from, and also many different binary options types which they can select. Even though they do not provide users with a 24/7 customer support, still, what matters is that in case you have any questions, you will receive your answers very quickly by the Bloombex Options staff. If you are looking to make an entrance to the world of binary trading, consider Bloombex Option as your broker. For more information about the services they provide, the education material, and the assets, visit their website to learn more. Also be sure to check out other Bloombex Options reviews by customers, and you can decide if this broker is the right broker for you!

General Risk Warning! your capital may be at risk

Best Binary Options Brokers 2021:
  • EvoTrade

    The Best Broker! Try it and get a 10 000 $ bonus!

  • NS Broker
    NS Broker

    5000$ bonus to each trader!


    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!


    Only For Experienced Traders!

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