OptionsHouse Review

Updated Sunday, November 6, 2011

Ranking: 5 / 18   Score: 49.50
Understand our Ranking Methodology

Standard PlatformCommissions & Fees
Account Opening:CStock Trades:$3.95
Stock Trading:BOption Trades:$8.50 + $0.15/cnt
Options Trading:BOption Ex. & Ass.:$5.00 + $0.00/cnt
Charts:CMutual Funds:Click for Options
Research Tools:CMargin Rates:1.500% - 4.000%
Advanced PlatformsAcct Maintenance Fees:Click for Info
No Advanced PlatformAcct Transfer Fees:Click for Info
Stock Trading:n/aCommission Free ETFs:No
Options Trading:n/aDiscounts Available:Click for Offers
Charts:n/aOther Features
Research Tools:n/aDRIPs:Yes
Mobile PlatformsExtended Hrs. Trading:Yes
iPhone App:BStock Order Types:Click for Info
iPad App:NoClearing Firm:Click for Info
Android App:BTax Reporting:Click for Options
BlackBerry App:NoMint.com Compatible:Yes
Mobile Website:Yes (no review)Wikinvest Compatible:No

CLICK HERE to Get 100 Commission-Free Trades at OptionsHouse.com!

Company Background:

OptionsHouse was founded in 2005 and went live in January of 2007. The company is a wholly owned subsidiary of PEAK6 Investments, a diversified financial services firm that was founded in 1997.

OptionsHouse is privately held and headquartered in Chicago, Illinois at the Chicago Board of Trade. The company was founded by Danny Rosenthal, David Budworth, Matthew Hulsizer and Jennifer Just. Its CEO is George Ruhana. Its clearing firm is Penson Financial Services, Inc.

Review Summary:

OptionsHouse offers a competitive service in almost all areas. The stock and options trading platform gets the job done for both beginner and advanced traders. The research tools are hit and miss but there are some interesting tools designed especially for options traders. Commissions and fees are some of the lowest around and the margin rates are highly competitive. The iPhone App offers perhaps the best mobile trading experience amongst all brokers. OptionsHouse is an excellent choice for all types of investors.

See our Broker Rankings Page to compare OptionsHouse with other brokers