OptionHouse investing platform created in 2005, the site provides trading software. which gives traders all of the tools needed to make options trades in real time.
The financial website OptionsHouse offers its clients an up-to date internet platform for trading in the options market. Created in 2005, the site provides trading software. which gives traders all of the tools needed to make options trades in real time. An easy to use interface and reasonable rates give traders a strong incentive to avail themselves of the company’s services.
The pricing for trades is 5 trades for $5 which is the standard rate for websites of this type. Tradestation, another prominent trading platform offers a trades for $1, while the TradeKing website charges $11.95 for 10 trades. OptionsHouse low price allows retail customers, as well as larger institutional traders access to the site’s services.
The options house interface makes trading easy, as all the user needs to do to execute a trade is click on a blue link on the screen. For complex orders, such as those involving spread options, the site has a help section that fully explains how to execute any type of order on the platform. The OptionsHouse trading screen compares favorably with its competitors, such as Tradestation and OptionsExpress.
OptionsHouse requires its customers to deposit a minimum of $1000 to open a cash account. This rises to $2,000 for a customer to open a margin account, which allows the customers to make trades with only a portion of the amount that the trade requires.
The website does charges fees for certain transactions. This practice is standard for the industry, although customers may wish it were not. For example a wire transfers costs $15 per transaction. Transfers are typically processed the next business day after a request is made.
The site also gives customers the ability to transfer account from other financial institutions to OptionsHouse. The customer must fill out a transfer form and give relevant information about the existing account. This type of transaction usually takes about 5 to 10 days to complete.
The interface is compatible with the Internet Explorer, Firefox and Chrome browsers and also works for Mac computers as well as those using Windows. The platform does not currently accommodate the Opera browser, but does support numerous mobile devices, including the iphone and the Android operating system.
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