OptionsXpress it not just for options trading – you can trade stocks, bonds, mutual fund units, and ETFs here as well. At the time of writing, they do not offer CDs, MBS securities or unit investment trusts. OptionsXpress was founded in 2000 and is headquartered in Chicago, Illinois, USA. This online brokerage firm chiefly attracts very active options traders.
The interface is very user friendly.
Examples of features:
- Research tools
- Research reports
- Webinars and other types of educational material
- Streaming level I and level II quotes
- Charting tools
- News feeds
- Virtual paper trading software where you can hone your investing skills
Costs
OptionsXpress is not the cheapest options broker available.
$14.95 for an account’s first nine trades and $9.95 thereafter. Options contracts are charged $1.50 for each contract.