Broker Reviews

optionsXpress

Posted By: TradersLog

optionsXpress is a pioneer in online options trading, headed by a unique management team with over 30 years combined experience in the options marketplace. David Kalt, James Gray and Ned Bennett came together in late 1999 with a shared vision to build a better online brokerage for the retail option investors.

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Rating: 4.0/5 (1 vote cast)
optionsXpress , 4.0 out of 5 based on 1 rating

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2 Comments

Categories Broker Reviews, Options Broker Reviews, Reviews, Stock Broker Reviews | Tags:


  • By Matthew

    On 11-18-2009 at 9:24 pm

    I have found optionsXpress to be a very good broker. The site is very user friendly, and there is plenty of good information. My only problem is that unless you are trading a decent number of contracts, the commissions can affect your trades, especially with spreads. I would recommend trading ten contracts per trade to take full advantage of the commissions you are being charged. If you hit your profit targets it doesn’t matter so much, but the commissions can really start to add up if you’re only trading a few contracts, and you have to get out of the positions.


    Like or Dislike: Thumb up 5 Thumb down 1

  • By Small Trader

    On 2-26-2010 at 4:16 am

    A great broker for the new trader I think. The platform is easy to learn I found but like mathew says their commissions will hurt you.
    Great though to start virtual trading.


    Like or Dislike: Thumb up 1 Thumb down 0

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