optionsXpress

optionsXpress Reviews
Average Rating (10 ratings total)

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optionsXpress, Inc., is a retail online brokerage specializing in options and futures. Barron's named optionsXpress the number one online broker for four years in a row (2003 to 2006) and Kiplinger's Personal Finance named it the top discount broker in 2006.

Tradable Assets

Asset class Details
U.S. Stocks
Options
Mutual Funds
Bonds
Futures

Stock Commissions

Trades per quarter Cost per trade
0 - 8
$14.95 OR $0.015/share (>1,000 shares)
9+
$9.95 OR $0.01/share (>1,000 shares)

Options Commissions

Trades per quarter Cost per trade
0 - 34
$1.50 / contract ($14.95 minimum)
35+
$1.25 / contract ($12.95 minimum)

Account Minimums & Cash Interest

Minimum Balance (Cash)
$0
Minimum Balance (Margin)
$2,000

Margin Rates

Margin balance Margin interest rate
$0 - $49,999
6.50%
$50,000 - $99,999
5.50%
$100,000 - $249,000
5.25%
$250,000 - $499,999
5.00%
$500,000 - $999,999
4.75%
Over $1,000,000
4.25%


Tools Service Features Trade Features
  • Real time data
  • Broker Assistance
  • Phone Support

Fees

Exercise or Assignment
$9.95
Penny Options Buy to Close
$4.95 min. / $0.50 contract
Inactivity Fee
$0.00

Contact Informartion

Contact Information
Mailing Address
optionsXpress, Inc. P. O. Box 2197 Chicago, IL 60690-2197
Phone


Phone Hours
(888) 280-8020


General Support (888) 280-8020 (Mon-Fri, 9am-10:00pm ET) Trader Support (888) 280-6505 (Mon-Fri, 9am-5:30pm ET) Futures Support (877) 280-6040 (Sun 4pm - Fri 5:30pm ET 24 Hrs)
Website
www.optionsXpress
Fax
(312) 220-7414



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