OptionsHouse Review: Is This Low-Cost Broker Right for Your Investments?

This online platform offers low trading costs and fees.

OptionsHouse is an online platform that allows investors and traders to research and trade stocks, exchange-traded funds (ETFs), options and futures. The parent company of OptionsHouse — Aperture New Holdings Inc. — was acquired by E-Trade in 2016, so E-Trade customers can take advantage of this award-winning platform and its trading tools.

If you’re looking for a broker with low trading costs, find out if this online stock trading platform is right for you.

OptionsHouse Features and Services at a Glance
Costs and FeesType of TradesStandard Fee30-Plus Trades per Quarter Fee
Stocks$6.95$4.95
Options$6.95 plus 75 cents per contract$4.95 plus 50 cents per contract
ETFs$6.95$4.95
Futures$1.50$1.50
Promotions
  • Get up to 500 commission-free trades in 60 days when you deposit at least $10,000 into a new account
  • Receive up to $600 in cash credit when you deposit or transfer $250,000 to $499,999 into a new account
Highlights
  • Trade stocks, options, ETFs and futures on one platform
  • Mobile app available
  • Low fees
Limitations
  • Not suitable for beginner investors
  • No dedicated support team outside of E-Trade customer service
Fees are accurate as of Aug. 17, 2018.

OptionsHouse Review

Investors working with stocks, options and ETFs can execute their trades at a standard $6.95 per trade, with an additional 75 cents per options contract. However, if you reach at least 30 trades in a quarter, that price drops to $4.95 per trade, with an additional 50-cent fee per options contract. This tiered pricing structure shows that OptionsHouse fees are friendly toward active investors who make a high number of trades each quarter.

OptionsHouse is also promoting special offers from E-Trade for cash credit and commission-free stock or options trades. New customers can receive up to $600 in cash credit if they transfer or deposit $250,000 to $499,999 into their accounts within 60 days. And customers can start strong with up to 500 commission-free trades if they deposit at least $10,000 into a new account.

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Advantages of OptionsHouse

Here’s an overview of the pros of OptionsHouse:

  • Lower costs and fees for customers who execute many trades per quarter
  • Features include integrated trading, advanced charting, trading ladders and options chains
  • App geared toward investors and traders who prefer a mobile-only experience

From all-in-one trade tickets to customizable and interactive charting packages, the proprietary tools offered by OptionsHouse are suitable for advanced traders. Experienced investors can also take advantage of the platform’s robust mobile app and reasonable fees to manage their trading costs.

Disadvantages of OptionsHouse

Consider the cons of using OptionsHouse:

  • Best for experienced customers, especially options traders, who plan to execute a large volume of trades
  • Limited range of investment products

People who are looking to make a variety of transactions might find OptionHouse limiting, as the platform only offers trading capabilities for stocks, options, ETFs and futures. The professional-grade trading tools OptionsHouse offers might also be difficult to navigate for new customers who aren’t as familiar with the markets.

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The Bottom Line: Low Costs for Active Traders

Active, experienced investors and traders who are seeking to bring down their costs should consider OptionsHouse. Though customers can contact E-Trade regarding their OptionsHouse investments, traders who are just starting out and require more help might want to consider other brokers that have dedicated financial resources.

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This content is not provided by the companies mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by OptionsHouse or E-Trade.