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

OptionsXpress - Brokerage Review – Fee Structure And Tools

Commission / Fee Structure
Like many brokerages, commissions at optionsXpress are based in part on the magnitude and volume of an investor's business. Those investors who conduct more than 35 options transactions in a month are deemed "active investors." Active investors pay a flat commission of $12.95 for trades involving 1-10 options contracts, while regular customers pay $14.95. Beyond the 10 contract threshold, the commission shifts to a per-contract basis of $1.25 for active investors and $1.50 for others.


Figure 2: Overview of optionsXpress standard brokerage fees.


Spreads, straddles and combos offer broadly similar commissions. Penny options carry a flat commission of $4.95 for up to 10 contracts and 50 cents contract for more than 10 contracts. Stock trades carry a flat $8.95 commission, and the website does indicate if telephone-based or broker-assisted trading is available. Bond transactions cost $5 per bond, with a $9.95 minimum commission. Mutual fund transactions carry a $9.95 commission and any additional loads/fees.

Futures commissions, as well as commissions on options on futures, are based on the number of contracts involved. For futures, the first 40 contracts carry a $6.99 commission which steadily declines to $2.99 on trades involving 1,001 or more contracts. For options on futures, the commissions begin at $12.99 for the first 40 contracts and decline to $5.99 for trades of 1,001 or more contracts. (For related reading, see Paying Your Investment Advisor- Fees Or Commissions?)

Analysis Tools
OptionsXpress customers are given a variety of online tools to help them evaluate, execute, and monitor trades. Strategy scan identifies potential trades based upon an investor's pre-selected criteria and preferences, while an online trade/probability calculator assists in assessing the potential of a trade.

This brokerage also offers advanced charting and real-time quoting screens for stocks, options, and futures. OptionsXpress provides live educational webinars on an ongoing basis and access to free trading specialists. Investors can also test trading strategies with a free virtual trading account.

OptionsXpress - Brokerage Review – Additional Features

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

    An announcement by an investor who holds a security that he or ...
  2. Multibank Holding Company

    A company that owns or controls two or more banks. Mutlibank ...
  3. Short Put

    A type of strategy regarding a put option, which is a contract ...
  4. Wingspread

    To maximize potential returns for certain levels of risk (while ...
  5. Volatility Smile

    A u-shaped pattern that develops when an option’s implied volatility ...
  6. Nadex

    Nadex stands for the North American Derivatives Exchange, a regulated ...
  1. What's the difference between binary options and day trading?

    Binary options and day trading are both ways to make (or lose) money in the financial markets, but they are different animals. ...
  2. If a LEAP option is purchased and held for more than 12 months, is the tax treatment ...

    A LEAP (long-term equity anticipation security) is a call or put option that allows the buyer a long-term expiration on the ...
  3. 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 ...
  4. How can I invest in a foreign exchange market?

    The foreign exchange market, also called the currency market or forex (FX), is the world's largest financial market, accounting ...
comments powered by Disqus
Related Tutorials
  1. Binary Options Tutorial
    Options & Futures

    Binary Options Tutorial

  2. Top ETFs And What They Track: A Tutorial
    Mutual Funds & ETFs

    Top ETFs And What They Track: A Tutorial

  3. Introduction to Stock Trader Types
    Active Trading Fundamentals

    Introduction to Stock Trader Types

  4. Beginner's Guide To J-Trader
    Trading Systems & Software

    Beginner's Guide To J-Trader

  5. Beginner's Guide To CQG Integrated Client Trading Platform
    Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

Trading Center