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optionsXpress Review

PROS / This is the only stock analysis software we reviewed that offers fee-free broker-assisted trades.

CONS / This platform is not as customizable as others in our review.

 VERDICT / optionsXpress is an especially good choice if you prefer placing trades over the phone.

optionsXpress is stock analysis software that helps you make informed buying and selling decisions. Not only are there stock reviews; there are helpful tools for other types of trading investments, like options, futures and bonds. Interactive tutorials and a virtual trade environment are designed specifically to help less experienced traders learn how to make the most of their investments.

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Stock analysis tools are very helpful features when you're looking to beef up your trading prowess. Some of the best charting tools provided by optionsXpress are watchlists, trading patterns, streaming charts and all-in-one trade tickets.

  1. This is the price per trade if you make only a few trades per month.
    Lower is Better.
  2. 5 optionsXpress
    $4.95
  3. $4.95
  4. $4.95
  5. $6.95
  6. Category Average
    $5.56

Diversifying your investment portfolio can be an important part of securing your financial future. This stock market analysis software lets you trade not only stocks but also options, futures, forex, bonds, mutual funds, exchange-traded funds and more. You even have access to the foreign stock exchanges, ECNs and other markets, a feature that isn't commonly offered by stock trading software. However, this service is not as customizable as other products in our review.

If you like to bank with your phone or tablet, optionsXpress has apps for mobile banking. A free stock market technical analysis software app works with both iOS and Android devices. This means you can access your account while on the go, use all the same analysis tools available online and even place trades from your mobile device. The only mobile features optionsXpress lacks are the ability to deposit checks and barcode scanning; however, both of these tools are very rare among these services.

This is free stock market analysis software, so there is no annual account fee with optionsXpress. Your account is free – the only fee you pay is for each trade you make. You don't even have a required minimum investment to open an account. A pricing page on this charting software’s website clearly delineates the price for each type of trade. For a stock trade, you pay $4.95; options are $4.95, plus $0.65 per options contract. That means you pay $11.45 for 10 options contracts. These fees are competitive with the best stock analysis software we reviewed.

Virtual trading is a useful tool that allows you to trade fake money in a virtual market. Analyzing how well your simulated trades perform is a great way to trade risk free if you're uncertain about the market or your trading instincts. Another tool, Idea Hub, is a market trend analysis feature that quickly shows popular, well-performing trade options.

optionsXpress has an interactive tutorial video that walks you through the resources and features you have access to. The best part about the video is that you answer questions along the way so your answers and advice are specifically tailored to your financial savvy and situation.

Summary

Stock chart analysis takes some skill to do on your own. optionsXpress has helpful tools that can do a lot of the work for you. You can test the waters in a virtual environment before you make any real trades, and you can visit the Idea Hub to look at well-performing stocks. optionsXpress' stock market analysis software is a cost-effective way of tracking successful stocks, bonds, options and futures. With this service, you can use the handy resources, tools and trackers to learn how to trade, buy and sell.

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