PROS / OptionsHouse has the lowest fees for stock and options trading.
CONS / This company does not offer broker support.
VERDICT / The customizable platform and low-cost trades make OptionsHouse one of the best stock analysis services.
OptionsHouse is the best stock analysis software we reviewed, with some of the most powerful and easy-to-use online trading and research tools. Many of these tools are also available to use with your mobile device, so you don't have to be tied to your desk each time you are alerted to a new investment trend. The user training and ease of use rank high for OptionsHouse, and the competitive rates for trading help this service retain the Top Ten Reviews Gold Award for stock analysis.
Platform & Tools
If you are trading stocks on your own, it is important to have the best research and trading tools available in order to have the most up-to-date information and stock market analysis available to make quick, informed decisions. OptionsHouse offers free stock market analysis software that brings you the most recent market information available. Tools include live quote streams, alerts, watchlists and volatility reports.
You can customize your platform dashboard to include risk evaluators, option strategies and option chains. These tools help you determine the risk of investing in certain stocks and the possibility of a return based on current stock trend analysis and past performance histories.
OptionsHouse offers the most common investments such as stocks, options and mutual funds. Bonds and commodities (ETFs) are also available. Each of these investments has its own risks and rewards, with descriptions of each on the OptionsHouse website, including up-to-date information and current interest rates. You can also trade in your individual retirement account (IRA) on this platform.
One of the best features available in stock market analysis is being able to access information and trade stocks using your mobile device. OptionsHouse has apps available for Android and iOS devices that allow you to receive alerts, analyze market trends, and trade stocks and options.
Fees & Commissions
The fees for trading stocks, options and other investments are cheaper with OptionsHouse than any other stock analysis software we reviewed, and the margin rates are fairly low compared to most, ranging between 8% and 3.5%. This is especially important if you are trading large amounts of stocks or options. OptionsHouse charges $4.95 per stock trade and $0.50 per options contract. This technical analysis software service charges $25 for using a broker to assist in trading stocks, which is a standard fee in the industry.
Education & Resources
Even the most experienced stock traders need help occasionally. If you are just starting out, you may find that being able to connect with the experts brings some peace of mind. OptionsHouse has most of the support options you need in order to get through each trade. These include telephone, email and live chat support during normal business hours with staff members who are very knowledgeable and helpful in guiding you through the investment process.
If you are trading stocks and options on your own, OptionsHouse has a great knowledgebase that gives you much of the information you need to understand stocks and options. The FAQs, forums and video tutorials help you understand how to navigate through your trading dashboard in addition to learning how to read investment reports, analyze the market, and know when the best time to buy and sell is. OptionsHouse has webinars and live seminars in case you learn better through verbal communication and hands-on training.
The only feature OptionsHouse is missing is broker support. Many stock market analysis software companies offer their customers the option to connect with a broker when you have questions about investing, but that isn’t an option with this software.
OptionsHouse is a great choice for stock and options trading. This free stock market technical analysis software offers a customizable dashboard and an excellent mobile app, allowing you to get immediate alerts and market news. These tools also are easy to use when you place your stock and option trades. The extensive articles, webinars, seminars and other educational tools are available to help you understand each investment, its risks, and the best times to buy and sell. While telephone and live chat support aren't available outside of business hours, the support staff is very helpful in directing you to the information you need. The industry’s lowest fees also make this an attractive choice for traders.