Get 50 Free Trades when you open a new Individual or Joint optionsXpress account and funded with at least $5,000 by June 30, 2014. To earn the bonus, you must execute 3 trades within twelve months of account opening. Accounts are FREE to open, with no minimum balance requirements. Enjoy real-time market data with free streaming quotes along with unlimited access to web platforms at no additional cost.
OptionsXpress Review 2014- $100 Cash Bonus Promotion
Founded in 2000, OptionsXpress is a pioneer in online stock, options and futures brokerage service to the self-directed investor. Today, over 394,000 investors use optionsXpress to trade stocks, options, bonds, futures, mutual funds and ETFs– all in one account, which is free to open and requires no minimum balance. Each stock, ETF, bond, mutual fund trade- up to 1,000 shares per trade- costs $9.95 while options trade are $12.95 up to 10 contracts per trade. At first glance, OptionsXpress doesn’t appear to be the cheapest, but upon closer inspection, it is obvious they justify their marginally higher price with their education, tools and the overall quality of their platform. As a current promotion valid from now until June 30, 2014, OptionsXpress is offering new U.S. customers a 50 Free Trades when you open an account and fund it with at least $5000:
OptionsXpress Review Brokerage Account 50 Free Trades
With optionsXpress, you receive real-time market data with free streaming quotes, unlimited access to web, mobile, and desktop platforms at no additional cost, nor are there maintenance or account inactivity fees. Their sophisticated online trading tools are easy to use to both new and experienced traders and include calculators, charts, and professional analyst research reports. You also get Level I and II quotes, watch lists and automated trading as well.
OptionsXpress also allows you to practice risk-free options trading with $25,000 in a virtual trade account where you can buy and sell securities with virtual money. You also receive free trading and market seminars either in-person or online, and use of their proprietary tools to find trading ideas and strategies. Offering local live events and seminars as well as live webinars and online videos, optionsXpress helps to increase your trading skills. Additionally download OX Mobile onto your iPhone, Android, BlackBerry or Windows Mobile device to access your account and monitor and make trades on the go. They also provide free broker-assisted trades with licensed options specialists over the phone or online.
OptionsXpress Fees and Commissions:
- Stocks (1 – 1,000 shares): $9.95 per trade.
- Stocks (1,001 +) $0.01 per share.
- Options (35+ trades/quarter): $12.95 flat (1 – 10 contracts); $1.25/contract (10+ contracts)
- Options (>35 trades/quarter): $14.95 flat (1-10 contracts); $1.50/contract (10+ contracts)
- Mutual funds: $9.95 + load fee (unlimited)
- Bonds: $5.00/bond ($9.95 minimum)
- Margin rate: 4% – 6% tiered.
- No minimum account balance. Although optionsXpress does not require you to fund your account with a minimum amount, you do need to deposit a minimum of $2,000 to maintain a margin account
- No maintenance or inactivity fees.
OptionsXpress Review Brokerage Account
Oftentimes, lower prices are offered with other online brokerages but at the cost of little support and lacking trading tools. However, with their competitive prices, optionsXpress offers a respectable amount of support and powerful trading tools that make it one of the best online discount brokers around. Find, analyze, and monitor your next trade with optionsXpress today. Compare all the best stock brokers today!
Hot Deal of the Day: E*Trade offers up to $600 bonus when you deposit new funds. Enjoy no annual IRA fee and no minimums including stocks, bonds, ETFs and over 8,000 mutual funds, along with 1,300 no-load, no transaction fee mutual funds.
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