optionsXpress

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Note: The following information has not been updated by the vendor since 12/04/17.

Address:	39 S. LaSalle Street, Suite 220
	Chicago, IL 60603
Phone # for sales:	888 280 8020
Additional Phone #:	312 629 5455
Fax:	312 629 5256
Website:	www.optionsxpress.com
Click link to request additional product information.
E-mail address:	info@optionsxpress.com

CATEGORY: BROKERAGES

General Information | Account Information | Features | Additional Comments

General Information TOP

Brokerage name: optionsXpress

Minimum account size: < $1000

Base commission rates: < $4

Brief explanation of margin rates, if applicable:

minimum required equity to open account $2,000 in marginable securities or cash. To review all our margin guidelines, go to http://www.optionsxpress.com/welcome_margin_guide.htm

This brokerage has been in business for: < 2 years

Primary type of broker: Stocks, Options, Bonds

Brief description of services offered:

online equity & index options, stock, mutual fund brokers. Everything REAL-TIME, easy-to-use, and in plain English. IRAs Available. Quality execution, excellent customer service, low rates, and leading technology. Automated-trading for advisory subscribers, free calculators and analytical tools, as well as options education, resources, and daily options market commentary.

Account Information TOP

Types of trading accounts offered:

On-Line Discount Broker

Customers online account information is updated: Up to the minute

Types of trades offerered:

Stocks
Bonds
Mutual Funds
Options
Indices

Other trade types: N/A

Types of quotes offered to customers:

Delayed Data
Real-Time

Execution methods offered:

Online Broker(trade desk)
Broker

Exchanges covered:

American Stock Exchange (AMEX)
CBOE-Chicago Board Options Exchange
CBOT-Chicago Board of Trade
Chicago Stock Exchange
NASDAQ
New York Stock Exchange (NYSE)
OTC
Pacific Exchange
Philadelphia Stock Exchange

Setup or initial costs to set up an account: 0

Features TOP

Types of services offered to customers:

Basic -charts & graphs
Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
Head line news
Portfolio management
Checking account, debit card, credit card
Allow naked option writing

Ways customers can access their trading account:

Internet
Telephone

Allow stop, limit, and stop limit orders? Yes

Charge extra for stop, limit, and stop limit orders: No

Offer 24 hour customer support: No

Offer tax planning advice: No

Additional Comments TOP

Special features included in the service are:

P&L charts for your account Streaming quotes free when you make 5+ trades/month ($15 fee if not) Automated-trading for advisory subscribers Streaming

This broker's service is better than the competition in these areas:

- Single screens for multi-part option trades - OCO and contingent ordering capabilities - Automated-trading for advisory subscribers - Free calculators and analytical tools, such as Strategy Scan, and Option Dragon - Options education, resources - Daily options market commentary - Real-time buying power and other account calculation - $1.50 per contract OR 14.95 minimum for options

Types of security precautions taken for customers:

Verisign secure servers

Communications during systems failures has been assured through:

double redundancy, state-of-the-art phone system staffed by live people if you cannot reach the web site.

The major plans for upgrading the current level of trading service are as follows:

Email us for the latest/greatest enhancements: mailto:info@optionsxpress.com

General Information | Account Information | Features | Additional Comments

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