Broker Summary: OptionsXpress Online Trading Platform
  1. OptionsXpress - Brokerage Review – Introduction
  2. OptionsXpress - Brokerage Review – Fee Structure And Tools
  3. OptionsXpress - Brokerage Review – Additional Features

OptionsXpress - Brokerage Review – Introduction

Overview
Unlike many of the online brokerages competing for investor accounts, optionsXpress is a relative newcomer to the market. A little more than a decade old, the company built itself around options trading before adding futures capabilities through an acquisition. OptionsXpress was itself then acquire by Charles Schwab in 2011 and operates as a subsidiary. SEE: Charles Schwab Broker Summary

Account Types and Minimum Deposits
For a company that would appear to be built to focus on options traders, optionsXpress actually offers a relatively wide array of account types. Customers can choose between cash and margin accounts, and accounts are available in a wide variety of categories, including IRAs, trusts and business accounts.

There are no minimums for most accounts, though margin accounts do have a $2,000 minimum.

Services Offered
Perhaps not surprisingly given the name, optionsXpress offers an array of services to options traders. What may surprise some, though, is the extent to which other types of trading are available. To start with, optionsXpress offers full options trading, including facilitating more elaborate/complex options strategies, and penny options.

OptionsXpress also offers a very wide range of futures trading; while many brokerages now offer some futures trading, it is often limited to a select number of exchanges.

Figure 1: Some benefits of trading futures with optionsXpress.


This brokerage also offers online stock trading, bond trading, ETFs and mutual funds. Investors can also access other services provided through Charles Schwab, including banking services. (For related reading, see TD Ameritrade Thinkorswim.) OptionsXpress - Brokerage Review – Fee Structure And Tools

  1. OptionsXpress - Brokerage Review – Introduction
  2. OptionsXpress - Brokerage Review – Fee Structure And Tools
  3. OptionsXpress - Brokerage Review – Additional Features
RELATED TERMS
  1. Wide Variety

    A merchandising strategy in which a retailer stocks a large number ...
  2. Demo Account

    A trading account that allows an investor to review and test ...
  3. Approved List

    A list of pre-selected securities that are deemed fit for purchase ...
  4. Diversified Fund

    An investment fund that contains a wide array of securities to ...
  5. Trading Platform

    Software through which investors and traders can open, close ...
  6. Option Chain

    A form of quoting options prices through a list of all of the ...
RELATED FAQS
  1. Is it possible to trade forex options?

    Yes. Options are available for trading in almost every type of investment that trades in a market. Most investors are familiar ... Read Answer >>
  2. Where can I purchase options?

    In the United States, all options contracts go through one of several options exchanges. An investor must have an account ... Read Answer >>
  3. Are there any risks involved in trading put options through a traditional broker?

    Explore put option trading and different put option strategies. Learn the difference between traditional, online and direct ... Read Answer >>
  4. There are so many stockbrokers out there. How do I go about choosing the best one ...

    If you decide that you have the knowledge and experience to take on stock investing, or if you feel you would like to give ... Read Answer >>
  5. What should I look for when choosing a forex trading platform?

    A trading platform is a piece of software that acts as a conduit for information between a trader and a broker. A trading ... Read Answer >>
  6. Do you have to be an expert investor to trade put options?

    Learn about investing in put options and the associated risks. Explore how options can provide risk, which is precisely defined ... Read Answer >>

You May Also Like

Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center