Optionshouse wiki

The uniting of OptionsHouse and TradeMONSTER in under the OptionsHouse name was a fantastic marriage for current and new customers. The brokers will remain independently operated for the time being. In Mayit was announced that OptionsHouse and tradeMONSTER would be coming together under one roof.

OptionsHouse was best known for its wiki competitive commission rates, while tradeMONSTER was known for its terrific web-based options wiki platform. As details of the two brokers joining forces trickled out towards the end of and earlyit became clear the combined brand would maintain these strengths.

This flat-rate commission structure is significantly less expensive than all the big full-service brokers, such as TD Ameritrade, ETRADE, Fidelity, etc. In fact, when you break these rates down against the entire industry, OptionsHouse finishes No. For equities and options traders this is a seriously competitive commission structure that cannot be overlooked. When it comes to powerful platforms for trading options, OptionsHouse competes with the optionshouse in the industry.

Built as a web-based platform, OptionsHouse innovates and delivers speed, quality, ease of use, and the tools needed for options traders to succeed. OptionsHouse offers both virtual trading and regular trading.

Pulling up quotes is wiki breeze, and OptionsHouse makes it easy to file personal notes with each trade. First, the interface is not user-friendly and, compared to other brokers, it took us significantly longer to become acquainted with making customizations. Second, there are limited tools with which to mark up charts, just nine in total. Third, there is a severe lack of technical studies available — only 35, compared to the industry average, which is closer to This extends to study customizations, which we also found to be limited.

On the plus side, chart trading was expanded inwiki users now have the ability to adjust trades on the chart itself, then access a pre-filled order ticket to review and submit the trade. Also, OptionsHouse provides the ability to view your past buys and sells right on the chart which is functionality few other brokers offer Moving onto options capabilities, OptionsHouse shines.

Click Analyze and the tradeLAB Snapshot Analysis pops open. My favorite feature on this tab is Risk Metrics, which displays the option greeks. Since not all investors understand the greeks, OptionsHouse has a simple pull-down menu to change from "Greek" to "English," making the data user-friendly for new investors. Once you have finished analyzing, optionshouse can quickly import the data into a fresh trade ticket, use the trade calculator to find the right position size, add optional notes, and then place the trade.

Note: This intuitiveness with design and UI continues beyond researching and placing trades. All live positions are completely customizable. OptionsHouse automatically groups options into spreads for you, then allows you to completely regroup wiki and customize them to your liking using a simple drag-and-drop interface. First, you forecast the price at which you think the stock might end up down the road. Next, you drag and drop to set and order your priorities for the trade: Profit, Return, Probability, and Safety.

From here, you can create an order and place the optionshouse, analyze the trade see aboveor adjust the scanner and rerun. The OptionsHouse platform calculates EVERY possibility, millions of them, using a plethora of data, and displays results in milliseconds. This attention to detail is also seen throughout the rest of the platform in tools such as the liveACTION scanner All in all, the arsenal of tools available to options traders is truly impressive.

OptionsHouse has a clear understanding of what options traders want, and delivers it in stunning fashion. And, as far as equities trading goes, while the platform has a strong foundation of functionality, the overall trading experience could be better. This is especially true for the charting interface, which needs an overhaul. That said, when it comes to browser-based platforms, options trading, and ease of use for new investors, OptionsHouse is king.

OptionsHouse offers its own Fundamental Report Cards for each company that, until October ofalso included letter-relative ratings. While I applaud the OptionsHouse platform team for thinking outside the box, I found the data difficult to interpret and unimpressive.

There are no third-party research reports, no way of conducting metric comparisons against other companies, no SEC filings, and you cannot even view a simple balance sheet. Especially after using the research areas of the big full-service brokers, such as Fidelity, Charles Schwab, TD Ameritrade, and ETRADE, OptionsHouse is not recommended for research-hungry investors Similarly for ETFs and Mutual Funds research, the experience was hit or miss.

During my testing for the Review, OptionsHouse was in the process of revamping its ETFs and Mutual Funds research, which meant some traditional functionality was temporarily removed and I was limited in seeing exactly what the new experience would be like. As functionality updates inwe will update our findings via the blog.

See: Best Brokers for Research. IntradeMONSTER released a brand-new mobile apps suite. Taking a completely different direction from the normal native development route, tradeMONSTER opted for a full HTML 5 wiki in a native wrapper. This was a risky bet. Facebook had attempted a similar path and quickly reverted back to native.

While we found the new app to be a little sluggish after wiki initial releasewe saw positive improvements in After joining forces inOptionsHouse opted to keep the tradeMONSTER apps in lieu of their own. During testing inI found that while the features of the app are optionshouse strong, the smoothness and speed remain notably different compared to fully native apps. Looking at the features, on the plus side, the app has a lot of the strong core functionality traders desire: real-time streaming quotes, synced watch lists, the ability to place basic and complex options orders alongside a variety of equity order types, and more.

OptionsHouse also ties in some creative elements, such as designing a customizable home screen to include visual pricing Speaking of creative, in OptionsHouse became the first broker to enable its users to pair custom trader orders with price alert push notifications.

Called Trigger Alerts, users can then take swift action to execute a pre-saved trade when they see the alert come across their smartphone. The feature works great; however, users cannot create the orders directly in the mobile app; optionshouse, they require the web platform.

Furthermore, in mobile, the Alert Manager is tucked away under the Settings menu, which is hardly ideal. Ever so slight lags can be seen frequently as you navigate the app and swap between tools. While this is not a big deal, the speed lags are noticeable and will annoy picky users. Also, the depth of charting is slightly below the industry average, as direct stock or index comparisons cannot be made, and only 13 technical studies are supported.

During customer service testing for our Review, OptionsHouse and tradeMONSTER were still in the process of coming together, which certainly impacted the customer experience.

This made us eager to a test again a year later for our Review. Unfortunately, the results were optionshouse but impressive, and OptionsHouse finished second to last for overall customer service. See: Best Brokers for Customer Service. The combination of OptionsHouse and tradeMONSTER in was a huge win for customers. Highly competitive commission rates, alongside a fantastic trading platform, make for a very compelling offering.

The broker still has some work to do as far as hashing out its customer service and speeding up its mobile apps. That said, for options traders, OptionsHouse is the full package combining discounted trade commissions with industry-leading tools and functionality.

The web platform is our favorite and OptionsHouse once again earned the No. OptionsHouse also offers futures trading All pricing data was obtained from a published web site as of and is believed to be accurate, but is not guaranteed.

If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. Operating as an online business, this site may be compensated through third party advertisers. Business as usual In Mayit was announced that OptionsHouse and tradeMONSTER would be coming together under one roof. OptionsHouse was best optionshouse for its highly competitive commission rates, while tradeMONSTER was known for its terrific web-based options trading platform As details of the two brokers joining forces trickled out towards the end of and earlyit became clear the combined brand would maintain these strengths.

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