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

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

Related Articles
  1. Investing

    OptionsXpress Vs. OptionsHouse: Which One To Pick?

    OptionsXpress and OptionsBroker -- each offers a price mix and set of services suitable for certain investors based on their trade approach and priorities.
  2. Trading

    6 Brokers That Will Pay You To Trade With Them

    We review six leading online brokers that are offering cash bonuses for opening a new account.
  3. Trading

    These Are The Top Brokerage Firms For Options Trading

    Trading options? Here is the list of the best brokerage firms for options trading, with features, functionality, and brokerage rates.
  4. Trading

    Beginner's Guide To Charles Schwab Online Brokerage

    Learn how to navigate Charles Schwab Online Brokerage and access its many trading tools.
  5. Retirement

    Is Charles Schwab Right for Your Retirement?

    Charles Schwab has a solid reputation for retirement services, with something for everyone from beginners to those with half a million or more in assets.
  6. Trading

    Not All Online Trading Brokers Are Created Equal

    The online trading broker market is becoming more and more competitive. Small differences between them can add up to big fee savings for you--or losses.
Frequently Asked Questions
  1. Depreciation Can Shield Taxes, Bolster Cash Flow

    Depreciation can be used as a tax-deductible expense to reduce tax costs, bolstering cash flow
  2. What schools did Warren Buffett attend on his way to getting his science and economics degrees?

    Learn how Warren Buffett became so successful through his attendance at multiple prestigious schools and his real-world experiences.
  3. How many attempts at each CFA exam is a candidate permitted?

    The CFA Institute allows an individual an unlimited amount of attempts at each examination.Although you can attempt the examination ...
  4. What's the average salary of a market research analyst?

    Learn about average stock market analyst salaries in the U.S. and different factors that affect salaries and overall levels ...
Trading Center