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OptionsHouse Review

PROS / OptionsHouse offers online stock trades and options contracts for fees lower than any other software we reviewed.

CONS / This stock trading website does not offer broker assistance or advice beyond placing trades, which you need to pay for.

 VERDICT / This personal stock software provides fees lower than its competitors and an online platform that is fully featured and easy-to-use, both online and via mobile, making OptionsHouse the best choice in stock trading software.

Editor’s Note: OptionsHouse has been acquired by E*TRADE. OptionsHouse will continue to be operated as a separate brokerage, with no change to the platform, pricing or accounts. Any future changes that arise due to this acquisition will be reflected in the next update to our stock trading sites. OptionsHouse has updated its mobile app, we will review it when we next update our site.

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OptionsHouse, founded in 2005, is a top-notch provider in complete stock software. This personal stock software has a fully customizable online platform, so you can select which data is most important to you. OptionsHouse's variety of investment options, broker-assisted trades and low trading fees make this a top choice for your stock software and the Top Ten Reviews Gold Award winner.

  1. The lowest cost for a stock trade.
    Lower is Better
  2. 1 OptionsHouse
  3. $7.95
  4. $4.95
  5. Category Average

Platform & Tools

This reputable stock software offers a variety of trading options, including stocks, bonds, mutual funds, ETFs, IRAs and options. OptionsHouse also allows you to place telephone orders for U.S. Treasury bonds and certain corporate bonds that are available.

The platform OptionsHouse provides is fully customizable, easy to use and full of tools to help you expand your investment portfolio. Making a trade using this platform is easy because you simply click the Bid or Ask icons to make sells and buy stocks. The platform is available online, allowing you to access your information from any computer. You can create, resize and adjust the layout of every window in this user-friendly screen. And, while the tools in this platform are often intuitive to use, this stock analysis software provides a Quick Assist button that provides pop-up descriptions of the features.

Additional helpful tools include watchlists and streaming quotes so you can get the most up-to-date information about trades that interest you. You can also view option chains and strategies. One especially useful tool is the Call Spread Investigator. A call spread is a type of option position where you buy and short sell a call on the same stock and both calls have different strike prices or expiration dates. This tool highlights call spreads that have the highest predicted returns on your investment. There is also a profit-and-loss estimator that allows you to analyze options.

Mobile access is crucial if you are monitoring your portfolio and need the ability to react to changes in the market, no matter where you are. You can access your accounts through OptionsHouse's stock trading website, which is optimized for mobile devices, or you can download apps that are available for the iPhone, iPad and Android operating systems. Using these apps, you can buy and sell stocks and options, and you can monitor orders and positions. It also lets you fund the account from your mobile device and conduct market research; only a few of the mobile stock trading platforms we tested had all these capabilities.

Fees & Commissions

This stock trading software has the lowest fees of any of the software we reviewed. These low rates make it stand out against the competition and allow you to focus your funds on your investments rather than losing them to excessive trade fees. It does not require you to have a minimum balance to open an account, but some types of accounts do require a minimum. For example, to trade margins you must have an account balance of at least $2,000. OptionsHouse also recommends keeping $1,000 in all of your accounts but does not make it a requirement.

Online trades begin at a flat rate of $4.95, a price that is significantly lower than the industry average of $7. Options prices have a base rate of $4.95 with a price of $0.50 per contract. Many other stock trading services set their price per contract at $0.75 or higher, making OptionsHouse a better value than most.

Education and Resources

You can reach the customer support division Monday through Friday from 7 a.m. to 7 p.m. Central time via telephone, email and live chat. The reps can answer questions you have concerning your personal stock software.

If you are interested in expanding your investment knowledge or learning more about investment strategies, the education center on the OptionsHouse website provides detailed articles, videos and webinars. You can also receive personalized investment coaching as a funded account holder. OptionsHouse provides this personalized attention free of charge for the first 14 days.


This comprehensive stock software delivers high value with its low trade fees, fully customizable online platform and set of analytical tools. Using this investment software is straightforward, as the prices are flat rates. The educational center provides diverse resources designed to educate both beginning and advanced traders.

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