Extremely low trading costs and fees:

Probably the single best thing about OptionsHouse is their competitive prices. Trading rates for new clients recently got bumped up from $3.95 to $4.95 per trade, but these rates are still among the lowest in the industry. Plus, OptionsHouse has a unique pricing structure for options traders where you pay $4.95 for an options trade plus $0.50 per contract.

Variety of proprietary tools built into web-based platform:

OptionsHouse doesn't simply offer you a clean, modern web-based trading application—they also include a number of proprietary tools to aid your trading. One of those unique trading tools is the Trade Generator, which produces a set of potential trade ideas based on criteria like risk appetite or time frame. If you're a more advanced trader, you will find that the Spread Investigator tool comes in handy. It scans all of the equity options for call and put debit spreads that can potentially deliver high returns.

Fully customizable trading interface:

The web-based trading platform offered by OptionsHouse is simple to navigate and understand. Perhaps the best feature is the ability to customize the entire interface by minimizing, adding, or removing different sections to the home screen layout. In addition to that, you can open one of these sections as its own separate window so it will detach from the main browser window you originally opened it in. This gives you the ability to spread your trading experience across your entire screen if you wish. It can also be beneficial to have multiple windows open so you can look at a number of indicators at the same time you are researching or executing your trades.

Quick order entry and account navigation:

When you open the OptionsHouse trading platform, you will notice that options trading is a heavy feature (hence the product's name). The quick order entry ticket allows for some of the fastest options trading in the industry. You can instantly add an option leg or a stock leg in one click after typing in a stock quote. OptionsHouse also offers a Quick Launch button in the bottom-left corner of the screen that will completely simplify your navigation. Just click the button and anything you would need is launched in a separate window.

Extensive options trading tools:

A review of OptionsHouse wouldn't be complete without commenting on their options tools, which are some of the best and most useful around. Within the Options tab in your account, you can view options chains, vertical options, an options calendar, and several types of option spread choices. In addition to the aforementioned Spread Investigator and Trade Generator tools, OptionsHouse also offers Risk Viewer, which provides insight into your profits and losses, market risk, and options exposure.

Innovative mobile application:

The OptionsHouse mobile application is available for Android and iPhone. The iOS application will also work on an iPod or iPad. The app is simple to use and easy to navigate. You can make trades, set up watch lists, and create alerts. One nice feature about the mobile app is that it provides you with tips to help you navigate when you log in. This is useful because oftentimes iPhone applications have some unique features that you won't even notice unless you stumble upon them by accident. One feature highlighted by the app is the ability to quickly place a trade by clicking on the bid or ask price of a stock.


Limited investment product access:

By name, OptionsHouse primarily exists for options traders, but they still offer access to a variety of other investment products. Unfortunately, you can't access forex or international markets with an OptionsHouse account. It's the assumption, though, that you wouldn't be interested in trading with OptionsHouse if you are placing a high value on having access to these investment products, so this shouldn't be a deal breaker for most traders, especially options traders.

Lacking financial resources offered by major brokers:

If you choose OptionsHouse as your broker, you should know that you will not have the same type of additional financial resources that a full-service broker provides. Thus, if you need banking services or access to credit and debit cards, you should look elsewhere. OptionsHouse also does not offer college savings plans or small business tools.

No asset protection guarantee for unauthorized account access:

In terms of account security, many brokers offer an asset protection guarantee against any unauthorized access to your account. OptionsHouse does not offer this guarantee, which means that the assets in your account are not covered should an unauthorized person to use your account. Without the knowledge of how often this activity occurs, it's difficult to say how significant that guarantee may be. However, it is comforting to know that you are not on the hook for any losses you may not be responsible for.

Limited research and charting capabilities:

One of the major knocks on OptionsHouse is the minimal amount of research they provide. There is no third-party research available and many of the other research amenities don't have the level of depth that you will find elsewhere. The charting capabilities are pretty weak overall, so if you trade with OptionsHouse you may want to consider using a third party to view charts, which can be somewhat frustrating.


Trading Costs and Fees
Broker Assisted Trades $25
Futures Contract Fee Not offered
Maintenance Fees $0
Margin Rates 2-6.5%
Minimum Account Balance Fee $0
Mutual Funds Fee - Load $9.95
Mutual Funds Fee - No-Load $9.95
Options Contract Price $0.50
Options Flat Fee $4.95
Stock Flat Fee $4.95
Other Fees
ACH/EFT Withdrawal $30
Bounced Check $30
Check Withdrawal $0
Domestic Wire Withdrawal $25
Forced Margin Sellout Regular commission
Full Account Transfer $50
IRA Annual Fee $0
Partial Account Transfer $0
Stop Payment on Check $30
Telephone Orders Not offered


  • Bonds You can trade bonds.

  • Easy to Borrow Stocks You have access to easy-to-borrow stocks that you can sell short.

  • ETFs You can trade exchange-traded funds (ETFs).

  • Mutual Funds You can trade mutual funds.

  • Options You can trade options.

  • Pink Sheet and OTCBB Securities Market Access You can trade pink sheet stocks and over-the-counter (OTC) securities.

  • Stocks You can trade stocks.

  • Commission-Free ETFs You can trade commission-free exchange-traded funds.

  • Forex You can trade forex or foreign exchange markets.

  • Futures Markets You can trade futures markets.

  • International Markets You can trade markets outside of the U.S.

  • Android The broker offers an app for Android devices.

  • Create Alerts You can create alerts with one or more of the mobile trading applications.

  • Cross-Platform Integration The mobile trading application integrates with your trading account in real time, including watch lists, alerts, and other account information.

  • Favorable App Store Reviews The broker's iPhone application has received three stars or greater from users in the Apple App Store.

  • iPad The broker offers a dedicated app for the iPad.

  • iPhone The broker offers an app for the iPhone.

  • Mobile Deposits You can deposit checks or electronic funds into your account with a mobile application.

  • Mobile Research You can conduct research using one of the mobile applications.

  • Mobile Website The broker offers a separate mobile website for accessing your account on the go.

  • Other Tablet The broker offers an app for another tablet device besides the iPad.

  • Place Trades You can place trades using your mobile device.

  • Portfolio Tracking You can track your portfolio using a mobile device.

  • Streaming Quotes The broker offers streaming quotes on mobile devices.

  • Watch List You can create watch lists using a mobile app or device.

  • BlackBerry The broker offers an app for BlackBerry devices.

  • Virtual Demo You can demo the mobile trading platform by using a virtual trading account.

  • Windows Mobile The broker offers trading on Windows Mobile devices.

  • Alerts You can set up personalized alerts for your portfolio or other investment products.

  • Automated Trading The broker allows you to place trades by setting automated triggers to execute a trade.

  • Conditional Orders You can place orders that, when executed, immediately triggers or cancels another trade.

  • Customizable Interface You can customize the layout and look of a trading platform.

  • Level II Quotes The broker gives you access to the book order of individual stocks so you can see live buyers and sellers of that stock.

  • Option Chains You can simply find an options premium by following the corresponding maturity dates and strike prices.

  • Options Exposure You can view a detailed display of your options positions' possible sensitivity to key risks using industry-standard greek calculations.

  • Options Tools The broker offers a variety of options trading tools.

  • Platform - One-Size-Fits-All The broker offers a platform that is fitting for traders of all levels.

  • Quick Order Entry You have the option to quickly enter or cancel orders faster than normal.

  • Real-Time Charts The broker offers access to charting tools that update in real time.

  • Smart-Order Routing Technology The broker sends orders to different market centers that seek to fill your order quickly and at the best available price.

  • Spread Builder The broker offers a tool to build your own spreads between multiple investment products.

  • Streaming Real-Time Quotes The broker provides streaming real-time quotes so you can see up-to-date prices of investment products.

  • Trailing Stops You can set a stop-loss as a percentage below the market price that adjusts as the price fluctuates to help you secure profits and cut losses.

  • Watch List You can create watch lists to keep an eye on investment products that interest you.

  • Platform - Advanced The broker offers an advanced trading platform.

  • Account Balances Displayed Your account balances are displayed on the page where you access detailed portfolio information or account reports.

  • Account History Reports You can create reports or view statements of your portfolio or account information.

  • Download Statements You can download your account statements to your computer.

  • Export Data You can export your portfolio or account statements.

  • Gain/Loss You can run reports to view your gains and losses to determine the impact on your taxable income.

  • Order Status You can quickly view your current trading positions and open orders.

  • Real-Time Updates Your account balances update in real time, adjusting for any open positions.

  • Portfolio Planner You can view your current portfolio allocation and create a plan to measure against it.

  • Courses The broker offers educational trading or investment courses.

  • Education Levels The broker offers a variety of education levels based on experience.

  • Webinars The broker offers webinars to help you learn about investment products.

  • Glossary The broker has a glossary that defines important investment terms.

  • Live Seminars The broker offers live in-person seminars around the country that you can attend.

  • Online Community The broker has an online community to have discussions and share advice with other traders.

  • Blog The broker keeps an updated blog that includes company and investment information.

  • Charts The broker offers access to charts so you can conduct research on investment products.

  • Market Commentary The broker offers market commentary from outside experts.

  • News The broker provides daily market news and updates.

  • Research Reports The broker offers a selection of research reports.

  • Screens You can screen investment products to narrow down the type of investment you are looking for.

  • Tailored Research The broker provides you with research tailored to your current portfolio, watch lists, or interests.

  • Company Publication The broker produces and distributes a company publication to account holders.

  • Third-Party Research The broker offers independent investment research from outside parties for free.

  • Upgraded Research The broker offers upgraded research at an additional cost.

  • Email The broker offers email support to customers.

  • Facebook The broker has an active Facebook page where you may be able to post questions and get a response.

  • Fax The broker has a fax number displayed on their website.

  • Live Chat The broker offers live chat on their website.

  • Phone The broker offers phone support to customers.

  • Twitter The broker has an active Twitter page where you may be able to post questions and get a response.

  • 24-Hour Support The broker offers some form of 24-hour support, which is usually phone support.

  • Additional Languages The broker offers additional languages besides English for some aspect of its business.

  • Dedicated Tech Support The broker offers dedicated support strictly for technical issues.

  • Retail Location The broker has a retail location where you can talk to a representative live in person.

  • FINRA Listed The broker is regulated by the Financial Industry Regulatory Authority.

  • SIPC Member The broker belongs to the Securities Investor Protection Corporation, which acts as trustee or works with an independent court-appointed trustee to recover any missing funds.

  • Asset Protection Guarantee The assets in your account are protected from any unauthorized activity.

  • Special Security Measures The broker offers additional security measures to protect your account.

  • Debit Card The broker offers access to a debit card through its banking services.

  • IRA The broker offers access to an Individual Retirement Account (IRA) that provides tax advantages for retirement.

  • Retirement Planning The broker offers retirement strategies and advice.

  • Tax Tools The broker offers tax planning tools to provide tips and help with your investment strategy.

  • Banking Services In addition to trading services, the broker offers online banking services.

  • College Saving Plan The broker offers a college savings account.

  • Credit Card The broker offers access to a credit card through its banking services.

  • Small Business Tools The broker offers specific services or plans for small businesses.

  • Wealth Assessment Tool The broker offers an interactive program that calculates your wealth so you can see how these factors will affect your retirement.

  • Customer Rewards Program The broker offers a referal program or customer rewards program.

  • Free Trading Demo The broker offers a free trading demo so you can try one of the trading platforms.

  • Introductory Offer The broker has a special offer for new traders who open an account.

  • FAQs The broker has an FAQ page or pages to answer common questions.

  • User Guides The broker offers some sort of user guide to help understand the product.

  • Virtual Trading You can make trades with a virtual account to test your strategies.

Similar Products

We recently added comments and we're amped to hear your input. Keep it civil and intelligent, and be sure to peek at our Community Guidelines before posting. If you'd like to contact the staff, our inbox is always open.