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

OptionsXpress - Brokerage Review – Additional Features

Additional Info/Features

In addition to its online analysis tools, optionsXpress produces a daily newsletter with trading ideas and gives customers access to news flow across numerous. This brokerage also offers a unique trade ticket (called All-In-One) that offers a more straightforward and simplified interface for more complicated options strategies.

Figure 3: Overview of optionsXpress\' trading tools.


OptionsXpress also offers a mobile app - OX Mobile - for most smartphone devices. This gives users an easy-to-navigate system that provides them updates and data on their optionsXpress accounts.


Figure 4: Sample screen from OX Mobile application.



As is the case with most brokerages, help is available online and via toll-free phone lines.

The Bottom Line
As has been the case in stock brokerage and, to a lesser extent, futures trading, intense competition has led to substantial lower commission rates for retail traders. While optionsXpress does not offer the absolute lowest commissions, it does offer an extremely reasonable fee structure whereas many lower-priced options brokerages have a host of nickel-and-dime fees for services/conditions that most larger brokers do not charge for at all. Likewise, the account minimums with optionsXpress are very low and reasonable for almost any options trader.


OptionsXpress does not focus quite to the same extent on customer service or advisory services as parent company Charles Schwab, but the company does offer a good balance of services at very appealing commission rates. (For related reading, see E*Trade Brokerage.)


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

    The difference between the strike price of an option and the ...
  2. Inverse Transaction

    A transaction that can cancel out a forward contract that has ...
  3. Reference Equity

    The underlying equity that an investor is seeking price movement ...
  4. Boundary Conditions

    The maximum and minimum values used to indicate where the price ...
  5. Delta-Gamma Hedging

    An options hedging strategy that combines a delta hedge and a ...
  6. Gamma Hedging

    An options hedging strategy designed to reduce or eliminate the ...
  1. How does the effective interest method treat the interest on a bond?

    Find out why you should look at the effective interest of a bond rather than simply relying on its stated coupon rate when ...
  2. What happens if a software glitch fails to execute the strike price I set?

    Find out why trading software can be a double-edged sword, and learn what to do if your trade isn't executed because of a ...
  3. What is the difference between shareholder equity and net tangible assets?

    Find out more about shareholders' equity, net tangible assets, how to calculate these balance sheet items and the difference ...
  4. How can I determine the degree of financial leverage (DFL) for a particular company?

    Learn about degree of financial leverage, what it measures and how to calculate a company's degree of financial leverage.

You May Also Like

Related Tutorials
  1. Bonds & Fixed Income

    Investing For Safety and Income Tutorial

  2. Economics

    American Depositary Receipt Basics

  3. Investing Basics

    Stock Basics Tutorial

  4. Options & Futures

    Binary Options Tutorial

  5. Mutual Funds & ETFs

    Top ETFs And What They Track: A Tutorial

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!