At OptionsHouse, our mission is to provide savvy investors in options and stock the power and functionality of traditional software-based trading tools with the portability of an online trading platform.

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I've had an account with them for years and Nobody will give my an answer why they are closing my account. Besides, their commissions are too high anyway, IB Brokers and Tradestation have much better commissions AND customer service.

Stay Away from Options house which is apparently been purchased by ETRADE. This review is the subjective opinion of an Investimonials member and not of Investimonials LLC.

OptionsHouse Review - husoxupowoj.web.fc2.com Broker

No Comments on this Review Leave a Comment. This review is the subjective opinion of an Investimonials. Poor customer service So I decided to shop around for a better i. Lower per transaction cost broker on behalf of my corporation, and in looking around I came across options house. There are mixed reviews out there, as expected, but the experience I had with them definitely rings true with a lot of reviews I read.

Without going into details of how it went down, my application for a corporate account took about 6 weeks! Calling customer support to find out info on my account was like playing Russian roulette - one person would tell me one thing, and when I called the second time to speak with another person, I would get different information.

Oh and by the way, some of their reps were really cordial, but there are reps there that are rude. At some point, I received a welcome email stating my user name and temp password, but when I went to set my account, I had no access to my account.

After numerous calls and online chats, where no one could figure out why I could not acces my account some reps said that my account did not exist , their person in accounts sent an email to me stating that I was still missing a document which was some info card, which looked like the same info I send them previously.

Funding was another story. Im glad I did not get to find out what their other issues are, and hopefully this pattern of reviews will either serve as a warning to others, or the management of the optionshouse will use it to make improvements in their processeses, as I believe they are loosing out on business. Nice place for experienced investors and traders Options House currently is offering about the best deal for people who use options. If you have the cash or margin available, you may sell a put.

This common sense attitude prevails for everything they do. Many, many other firms will let you short a stock, but not sell a put, even if you have the cash to cover the strike price sold. Be aware if you commonly carry a margin balance, to plan for this type of thing to happen once in awhile. Not all stock symbols were affected this last time, but only things that made sense such as leveraged 3x ETFs.

The trading screen is the primary view when you log-in, and other stuff branches from this screen. It will take a while to know where to find everything not directly needed for trading. Handy is just about anything actually wanted in order to trade.

OptionsHouse Review - Online Stock Trading - husoxupowoj.web.fc2.com

Options have their own tab found on the main trade screen. If you want some help with account information, give them a call. Telephone support is good. Do not expect a timely answer when using email. For research, you won't like anything they have. Well, I've never really liked the research available at any broker. This firm makes little pretense in the research area. However, the site does track all kinds of market activity that may be useful when looking for a trade, and also has cool options screeners an so forth.

While OH reviews rightly say the research stuff is minimal, they never include the good stuff available. Again, if it's trade related, there is something here for you.

For ordinary research, go somewhere else such as Seeking Alpha, NASDAQ, Yahoo finance, etc which I'm willing to bet, is where you go for research anyway. Good luck, and many happy trades to you. I used to be one of them, constantly badgering the customer service which I'll admit is sub-par. However after being with them for 3 years, seeing days when advertised commissions were still 3.

After three years when you say you are considering other options because they messed up, you'd expect they throw you some free trades They managed to add another window to the buying and selling process with the merger lol. Now when you want to buy an option, you click through three windows, change some numbers etc When I am not looking they seem to work, but I guess very delayed.

Just yesterday I had the brokerage open on one screen, saw the stock dipped below stop. I gave it a few more moments. Before it dropped any lower I canceled the useless 'stop' and sold it manually.

Definitely took some confidence as to going un-plugged and letting contingency orders handle it, because clearly they can't.

Overall I would recommend them. Been with them for a while and like it. Will you trip up here or there? Customer service is a bunch of ameteurs The trading platform is decent, but horrible uncaring customer service. There is no supervision, so you get bad service because nobody cares. COM BROKERAGE I have an options account with OptionsHouse. Secondarily, OptionsHouse took the other side of the trade today and started SELLING puts into my strike price which resulted in further depressing the value of the puts I purchased yesterday.

Reviews of optionshouse at Investimonials

While these actions may not be illegal, they are unethical. Optionshouse is effectively "betting" against their own customers interests in the options markets. If anyone has had similar experiences with OptionsHouse please feel free to send me a private message at waxxarrific gmailc. Good Value, Bad for Research. The tools that OptionsHouse has for research make it hard to use their platform as a single broker.

They offer no real research tools, just simple graphs, and fundamental data. Their execution time, and pricing makes them much better than most brokers.

I will continue to use OptionsHouse, but I will also keep an account with another broker that gives me better research tools. A Simple tool to through money away I have had a handful of issues with options house over the past year. At first i loved it when i was only continually buying long term positions.

OptionsHouse Review

Once it came time to start selling and trading regularly the problems were extremely costly. To begin with their site crashes almost constantly. And of course, its notorious for crashing on fridays of course, options expiration time. The trade would have netted a profit and i ended with a loss.

Every time i would call their margin department i would get nowhere. Most of the time the money some house found its way back to my account. But now im in a huge audit to see if anything it missing. Today was the last straw for me. The first 45 minutes of trading i continued to get an error "this strike cannot be found" i was clicking on my position to sell it. Im tired of these clowns!

Avoid Optionshouse if you use margin Optionshouse used to be great for ultra cheap rates.

For example, I bought a stock on margin and two days later they issued a margin call despite the fact that the stock was up from where I bought it. I called the margin department and they did not help me any. This makes no sense and is bad for traders. Since they elevated their rates, the inconvenience of their margin department policies are not worth the hassle. I would rather pay a few more dollars per commission and work with a decent common sense margin department.

I am closing my account and moving to another brokerage. Also, their after hours trading is horrible.

They only allow after hours trades for on hour instead of the whole after hours session. Avoid the hassle of Optionshouse. Similar Products to Review. Alpha 7 Trading Academy. Advertisers Penny Stock Trading Guide. Mobile iPhone App Mobile Site Support Live Chat Support. Trade With Kavan Learn to Make Consistent Profits. TD Ameritrade Top-Rated Broker. Millionaire Trading Challenge Connect with Real Traders. Superman Trade Alerts Smallcap Swing Trading. Day Trading Done Right Learn The Secrets of Day Trading.