optionsXpress review

Broker Feature: optionsXpress

If you’ve been shopping around for a new online broker recently, you might have noticed that there are a lot of choices out there. If you’re like many people who land on this site, you want to cut to the chase and find the one most suitable for you. That’s why this month, we’re featuring a brokerage that we think you’ll really like.

We know you’re looking for a brokerage that is easy to use, provides solid tools for researching and analyzing investments, and provides an overall pleasant trading experience (plus, helpful and friendly customer service should you ever need it). And of course, you’re looking for all this to be done for a fair price. In this months broker feature, we’re putting the microscope on one brokerage that fits the bill in each of these categories: optionsXpress.

As the name implies, optionsXpress is a brokerage that started out with a strong focus on options (I believe it was Kiplinger who called them a “mecca for options buffs” last year), but they are not just a one trick pony. From within your account, you can also access stocks, futures, mutual funds, bonds and ETFs.

Here are 5 reasons optionsXpress excels over most brokers:

1) Usability

From their browser platform to their mobile apps, optionsXpress takes the frustration out of trading online, which is more than can be said of most platforms. It’s quick to learn, and more importantly, it’s easy and seamless to do things like pull up research, analyze your picks, create watch lists and fill orders.

2) Research

With an optionsXpress account, you get integrated access to proprietary analysis, quotes, breaking news, research reports, market commentary, market analysis, and reminders about key upcoming dates – all in one place. You’ll never need to fumble around from site to site trying to research an investment again.

3) Portfolio Analysis Tools

The OX platform makes it a breeze to find opportunities, analyze strategies, execute trades quickly, and monitor your positions. On top of this, it’s easy to get excited about perks like their technical patterning tools, strategy scanner, and market triggered alerts.

4) Customer Service

It’s fast, and it’s helpful. Enough said. Their trading desk employs professional traders that are available to all customers. Broker assisted trades incur no additional fee.

5) Education

Want videos, webinars, workshops, and special reports to further your trading skills? You can get it all via optionsXpress XpressMethod training center. Learn more about the training center here.

In addition to these 5 areas where optionsXpress excels over their competitors, they also offer excellent mobile trading apps (available for iPhone, Android, Blackberry, Palm, Windows phones, and at m.optionsxpress.com), and they do it all for a fair price (learn more about their fees and commissions here).optionsXpress app

If we’ve piqued your interest with this months broker feature, you should know that right now, optionsXpress is offering new customers a $100 cash bonus when opening a new account. You can click here to see more details about the $100 promotion.

If you would like to do a bit more digging into the details about optionsXpress, you can find a full-length review of the brokerage here.

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