The confusion between OptionsXpress and Option Express stock broker is a lesson for all marketing folks – Make sure your name is very easy to remember and cannot be confused with a similar spelling. Which one is it then? Find out if you are right all along.
Click Here to Sign Up for an OptionsXpress Account
OptionsXpress or Option Express
Actually, there’s no such thing as Option Express, but it’s funny because there are more people on the Internet searching for the term than the real name, OptionsXpress. If you have any questions before, know the truth. The word with the “X” is the real name of the company. It’s not optionxpress either. It’s OptionsXpress.
Now That We Got it Out of the Way, Who is OptionsXpress?
OptionsXpress is a stock broker that attempts to differentiates itself from the competition through the emphasis on options trading. Unlike everybody else, the broker charges for options trade by the bulk. Here’s what I mean.
Options Trading Fees
Under the options broker, they charge you a flat fee of $15.00 for 10 contracts, and $20 for 20 contracts instead of the nickel and dime approach of every other stock broker. Also, they are big on “no hidden fees”, and they back it up with a Trade & Margin Calculator that helps you break down the total expense of a particular investment including the initial cost of purchasing the security, buying power required, estimated commission charge and the potential profit or loss.
Don’t just listen to me, see what this guy has to say about them.
Extras in Virtual Trade
One thing I love from OptionsXpress is that the brokerage firm seem to understand that not all of us are investment professionals, so they’ve setup what they called Virtual Trade. With it, they give you $5,000 in virtual funds so you can test out the platform and strategies to see whether trading is right for you, as well as familiarize yourself with the interface.
What Else Do I Get?
With an OptionsXpress account, you get:
- Free access to 18 powerful trading tools.
- Free broker-assistance on trades.
- Free education – virtual seminars, newsletters and tons of videos and literature.
- Free real-time and streaming quotes.
- Best Execution Price Guarantee.
Not bad. Not bad at all…
Bonus – Probably for a limited time, they are also willing to pay you up to $100 of transfer fees if you switch from another broker to OptionsXpress.
Click Here to Sign Up for an OptionsXpress Account
- OptionsXpress – Official Site