Optionshouse Refer a Friend $150 Bonus

 

Optionshouse has a refer a friend promotion going on now where you can get a $150 bonus or 30 free trades when you refer a friend to them. If you don’t have an account currently, complete the referral form below, and I will get you a referral so you can start earning some cash.

You have the option to get paid via Paypal, Amazon.com giftcard or donate that money to the red cross. All you have to do is select the link below, give them your name and email, then start referring. It will then ask you to set a password for your account. To qualify for a referral your friend needs to open an Optionshouse account within 3 months of the referral email date. They need to fund the account with at least $1000 for a cash account or $2000 for a margin account. You should receive the $150 bonus within 60 days of your friend funding their account. If you choose the 30 free trades, they are good within 6 months of your friend funding his account.

If you trade a lot, 30 free trades in 6 months is a great deal, however if you can refer a bunch of people, then getting $150 per person is an even better deal! It is totally your choice on how you want to do this. I have an Optionshouse account and use it primarily for options, they have a really cool interface that allows you to see everything in one place. But even though they are great with options, don’t discount their $3.95 commission for stock purchases, they are one of the lowest in the industry and have great execution times.

If you already have an account, to get 30 Free Trades or $150 When you Recommend OptionsHouse.com to Your Friends.

If you want to sign up for an Optionshouse account complete the form below and I will get a referral out to you.

1. Send an OptionsHouse Referral To:
2. Your Email Address:(valid email required)

 

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optionshouse to Increase Trading Commsion by $1 on Thursday

optionshouse.com, one of the discount brokers with the lowest trading commission around, will be raising its stock trading commission from $2.95 to $3.95 per trade. I was notified via email this morning that after the market closes on 1/13/2011 they will increase the commission $1, but that existing customers will not be affected.

I immediately went to the site to check it out and it appears that they are still advertising the $2.95 rate. My guess is that if you sign up for an account prior to 1/13, you may be grandfathered into the old rate. Unfortunately they are not open so I can’t contact their customer service to verify.

If you want to jump in to try to beat the commsion increase, you might give it a shot to see. There is a current optionshouse promo, where when you open a new account with at least $3,000,you’ll get 100 free trades that you execute within 60 days of the account opening. You must use the promo code FREE100 for this offer.

100 Free Trades from optionshouse IRA

OptionsHouse has been known for their promotion of giving away $100 free trades when you open a regular brokerage account with them. But now they have also extended the 100 free trades to their IRA brokerage products.

They have also included a rebate of up to $125 in transfer fees when moving your IRA from another broker to OptionsHouse if your current broker charges you for the transfer.

To qualify for the 100 free IRA trades, you need to open an OptionsHouse IRA account with a minimum of $3000. You need to use the promo code: IRAFREE during the account opening process. You can use your 100 free trades within 60 days of opening the account.

This promotion exprires on April 30th, 2011.

Check out the OptionsHouse promo page for more details.

Year End Promotions Expiring

I hope everyone had a great holiday and if you are like me you are dreading those pending credit card bills from all the Christmas shopping you did! If you are looking to make a little cash before the end of the year, you might take a look at a few of these promotions that are ending on 12/31:

• OptionsXpress Promo – OptionsXpress is giving away $100 when you open a new account with them. (See post for more details)
• Optionshouse Promo – Get 100 free trades when you open a new account, with $2.95 flat rate stock trade commisions. (see post for more details)

There is nothing better after Christmas than a little extra cash in your pocket. So if you are interested check out the associated post to learn more about the promotion and how to qualify.

Optionshouse Promo 2009 Get 100 Free Trades With New Account

There is a new Optionshouse promotion where you can get 100 commission free trades when opening a new account. To qualify for the Optionshouse bonus, you must open a new account with $3000. You will then receive 100 free trades that can be used within 60 days of opening your account. Make sure you fund your account with the $3000 within 45 days of your account approval. You must use the promo code FREE100 when during the account opening process.

Optionshouse is a full service discount brokerage that specializes on options, however they have the lowest stock commission I have ever seen. They let you trade stocks for a flat rate of $2.95 per trade.  Optionshouse is also protected by SIPC insurance. SIPC will cover the securities of customers of its members up to $500,000 of which $100,000 can be cash. This protection does not cover loss due to market conditions however.

I have never used them personally, but with such a low stock trading commission I may consider them as an option for my trading account.

Sign up for a Optionshouse Account

Virtual Trading Account

Have you always wanted to start trading stocks, but are worried about losing all your money? One way to be able to play around in the market without taking on any of the risk is to use a Virtual Trading Account. A Virtual Trading account allows you to place trades using virtual money so you can see how well they do over time. These accounts are pretty handy so that you can do a dry run using fake money before actually risking real money in the market.

OptionsHouse.com offers a fully functional virtual account for you to try your luck in the market. Their virtual stock account allows you to buy stocks or options and follow their performance just as you would if purchasing sotcks and options with real money. They also give you access to the full suite of OptionsHouse idea-generation and risk-management tools, including streaming charts and news and volatility tools.

I have always wanted to start trading options more aggresivelly and now I have the tools to practice. It sure beats throwing real money away. Optionshouse does not have any maintenance or minimum balance fees so you can open an account just to use the Virtual Trading feature. But since OptionsHouse.com offers $2.95 commission for stocks and $9.95 for options, you will probably want to use them as your main broker. Dollar for dollar they have some of the lowest comissions out there.

There are also a few Optionshous promo available where you can get up to $100 in transfer fees rebated when you transfer your account to them from another broker. They are also picking up the $25 for your first funds wire when funding your account. They have an ACH feature that allows you to transfer money between account for free, but the free wire will get your money there faster so you can start trading sooner. Another promotion being offered is a “refer-a-friend” feature where you can get $50 or 10 free trades for each friend you refer.

OptionsHouse.com is a full service discount broker with very low commission, as we all try to cut costs why purchase stocks and options for a lot of money when you don’t need to. Take that saved commision money and spend it elsewhere!

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