OptionsHouse Brokerage – $2.95 Commision on Stocks

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.

100 Free Trades from ETRADE IRA

If you are like me you have a few 401k retirement accounts sitting around at various employers. Well Now might be the time to consolidate them to a fee free ETRADE IRA.

ETRADE is offering 100 free trades when you rollover your 401k to a new ETRADE IRA account. Your IRA account will be credited up to $12.99 per stock or options trade within eight weeks of qualifying (excluding options contract fees). Accounts must be opened by 12/31/2009 to qualify for this offer.

ETRADE’s IRA does not have any fees other than the usual commissions for stock and option trading. So if you are looking to get those 401k’s into one place, this could be an option for you.

I can’t comment on the ETRADE IRA since I do not have one, but I have a High Yield Savings Account with them and have never had any concerns with their service. I really need to consolidate my 401ks as I have 3 out there and one of the companies is near bankrupcy which causes all sorts of problems trying to get your money out.

More details on the Fee Free ETRADE IRA.

Tradeking Promo – $150 in Transfer Fees Refunded

There is a new Tradeking Promo that is offering up to $150 to cover the fees of transfering your account from your current broker to try out their service. Follow this link for the promo details: Switch to TradeKing and get up to $150 in transfer fees reimbursed. (There is no specific Tradeking Promo Code required if you click through that link)

I transfered my account into Tradeking from TD Ameritrade and haven’t looked back since. Unfortunetly they weren’t covering the transfer fees at that time, but it was still worth it to me.

Their account transfer process is very simple. All I needed to do was open a new account, complete the transform and fax it in. My account was transfered in less than a week. To get your account transfer fees refunded, faxing a copy of your account statement with proof of the transfer charge to 561.988.0131. The credit will be deposited to your account within 30 days of receipt of evidence of charge. Very easy!

From an over all service standpoint, please read see my Tradeking Review. Like I have said in earlier posts I have been very happy with Tradeking and the services they offer. I am in no way a day trader, but for what I need, they can do.

They’ve got one of the lowest fee schedules in the business, so if you are itching to get in and buy in a down market, now is the time. And with up to $150 in transfer fees refuneded, this makes it that much easier to switch.

UPDATE 3/22/09: There is no expiration on this promo, but as soon as it is no longer available I will update the post.

Switch to TradeKing and get up to $150 in transfer fees reimbursed.

$100 OptionsXpress Promo

If you missed out on the $500 OptionsXpress Promo, don’t fret as OptionseXpress has a $100 referral bonus going on.

Basically what you need to do to qualify for the promo is the same, open an account with a minimum of $500. Make one trade and maintain a $500 balalnce for at least 6 months. The $100 bonus will be deposited into the account within 180 days after meeting the terms and conditions of the offer.

I need to refer you for you to qualify for the $100 bonus. If you are interested, please complete the form below and I will generate a referral for you. (Please give this some time as I need to generate this manaully for you.)

cforms contact form by delicious:days

I just opened my OptionsXpress account during the $500 promo last weekend. So I really can’t comment on their service. Just so everyone is clear, OptionsXpress allows you to trade more than options. You can also trade stocks just like a regular discount broker.

So far the account opening and funding has been very smooth. I hooked up my checking account via their ACH manager and have already transfered in $500. I am just waiting for it to become available so that I can make my first trade.

Here’s to some more bonus money!

Free $500 From OptionsXpress November 30th Only

OptionsXpress brokerage is giving away a free $500 when you open a new account with at least $500 and make one trade.

Assuming you open a new account with at least $500 and make one trade, the bonus will be paid out on May 15th 2009.  A balance of $500 must be maintained in the account for at least 6 months. So if you plan to make a trade, make sure to add more than $500 to your account incase the stock you buy could lose value.

This deal is only good today November 30th or until the promo is removed from their site. I suggest you get in on this quickly before it is gone.

You must go through this Promo Link for the deal.

Check out details on the promo HERE

I don’t have an account with these guys, but you can bet your rear that I am opening one today with this promo!! 100% return in 6 months is crazy!!!

Free iPod Nano From Firstrade on November 28th

There will be a new Firstrade promo running on November 28th where they are giving away a free iPod Nano to the first 200 people that sign up for a new account. This is sort of a Black Friday deal for them I guess.

The promo will run from 7AM to 1PM on the 28th. It will end sooner than 1PM if 200 people open a new account.

To qualify you need to open a new Firstrade account account on Nov. 28th using the promo code EARLYBIRD08 , fund it with $3,000 (or transfer assets of at least $3,000) and make 1 trade within 30 days. The iPod should arrive at your home within 90 days of the qualifying trade. Don’t forget that you need to be one of the first 200 people to open an account. Since Firstrade isn’t going to tell you how many people have signed up, if you are interested in this deal, it is in your best interest to sign up at 7AM!

Note that you need to keep the $3000 initial deposit in your account for at least 9 months after account openinig, otherwise they can charge you $150 for the cost of the iPod. Check out their Promo Page for more info.

Check out my previous firstrade post for more details on their accounts and service.

If you are looking for a cash bonus, Tradeking Brokerage has a $50 Promo going on where you will get $50 when opening an account with $2500. This deal expires Sunday 11/30!

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