OptionsHouse Brokerage – $2.95 Commision on Stocks

EDIT: Their latest promo can be found HERE.

This morning, in my everquest to find a cheaper discount broker, I stumbled upon another online brokerage called OptionsHouse Brokerage and noticed that they have a commission of only $2.95 on stock purchases. After reviewing this, this is not an OptionsHouse promo. This is the standard commission and there is no limit on the number of shares you can buy for 2.95!!! For those of you that want to invest a little money over a time, a $3 commission can really lower the percentage of each purchase you make.

After looking into this a little deeper, I also noticed that their commisions on options is great since they don’t charge you per contract. Most brokerages charge you a trade commission as well as a per contract fee. If you are a big options trader this could add up to huge cost savings.

OptionsHouse Brokerage does not charge any monthly maintenance fees or has any minimum balance to worry about. They even will reimburse you up to $100 on transfer fees when you transfer your account from another brokerage to OptionsHouse.

OptionsHouse is a member of SIPC, which will cover customers of its members up to $500,000 of which $100,000 can be cash. Also they maintain SIPC Insurance over all customer accounts, so you can be sure your money is safe with them.

I don’t not have an account with these guys, but will be openeing one shortly. I will post about the process once I have a chance to sign up. If you are a beginning trader and don’t have a lot of money to invest, OptionsHouse brokerage may be  a good fit, with no fees and lower commissions it will allow you to invest more money with a lower overall cost.

Check out OptionsHouse’s Web Site for more details.

NOTE: For posts that contain bonuses, be sure to read the post for bonus expiration dates. Links may work but the bonus may have expired.

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