This is a mobile trading platform that allows OptionsXpress users to trade while on the go. Build Wealth Invest money and build wealth. Users interact and share ideas and opinions on performing predictions. But if you ask me: The purpose and goal of BrokerChats is to get reviews and opinions on brokerages from real customers that have used them.
The original review is below, but check out our current top 10 about Online Stock Trading here. optionsXpress is a leader in online stock trading and recognized by reputable financial and investment sources as one of the best online brokers/
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The online platform is customized to allow clients to find, analyze, and execute any investment deal with ease. One of the unique features on OptionsXpress is the ability for users to use a virtual account to execute trades. Some of the assets or commodities that can be traded through a virtual account include options, futures and stocks.
OptionsXpress also supports an intuitive mobile platform. Before you start trading at OptionsXpress, you need to setup an account that will allow you to access high-end features and tools. This is perhaps the most sought after tool for trading on stocks, options, futures among others. The account minimizes some of the risks incurred by new users although experienced users will also find the account beneficial.
Reportedly, every time an investor tries to manually modify spread orders, he or she ends up spending a lot of unnecessary time on one order. Walk limit is a special execution tool by OptionsXpress that allows users to automatically update orders and in the process access better price margins. In that matter, he may end up making the wrong decision. Idea Hub is a special feature in OptionsXpress that provides scans for bullish, bearish and neutral curves thus eliminating accidental decisions.
Users will, therefore, be able to see their earnings and income generated. By observing the changes occurring during every trade, you can easily anticipate your next move. Trading patterns is a special feature, characterized by the Idea Hub tools that enable users to identify top trading markets and capitalize. Every online trading platform contains a list of tools that help make trading flawless.
A charting tool is one of the most sought after tools of trade and OptionsXpress offers a unique taste of the same. Generally, charts help you see changes on the market with ease by anticipating the next probable change to occur.
All In One Trade Ticket: With this type of execution tool, users are able to utilize the tool to see which trades to capitalize. For instance, you can choose to trade in options, futures or stocks based on the better performing category at that time. An OptionsXpress chain is a special research tool that allows you to see quotes as depicted on every option strategy. Generally, an investor will be able to stay ahead by determining time and value of accumulated spreads.
Trade and Probability Calculator: Before you decide on the best trade to focus on, you need to be able to identify reliable trades that provide promising profits.
You can customize an options expiration date, its volatility among other options just to see what type of risks you have evaded.
The company offers its clients the ability to trade stocks, options, futures, ETFs, mutual funds, and bonds. The broker is located in Chicago, IL and was founded in OptionsXpress tries to differentiate itself by offering its customers the same kinds of tools that professional traders use. Trade execution is perfect too. The free webinars are extremely helpful for first-time investors, but not much use for sophisticated investors.
My biggest complaint with this company is that their commissions are significantly higher than most other brokers. Their trading tools are top notch, but you pay for it with higher commissions. Still a good company to work with.
TradeKing does a good job, but their educational resources, tools and functionality is more of the bare bones variety. Personally, I think optionsXpress is a slightly better choice for the beginner, but that may be a function of my comparing the optionsXpress web experience with the tos desktop platform.
The bottom line is that they both excel in the area of options education. As for options level, I suspect that both firms would probably let you buy calls and puts right off the bat.
Jan 03, · NerdWallet review OptionsXpress, part of the Charles Schwab family. It offers active traders advanced tools and reasonable personalbank.cf: Arielle O'Shea. Reviews for personalbank.cf By traders, for traders. Trade stocks, options, futures and more in one optionsXpress account. Take advantage of free education, powerful tools and excellent service.