Optionshouse margin account

Unfortunately, it appears that no major progress has been made. Their extremely low commission rates, low margin borrowing rates, and sophisticated TraderWorkstation platform make IB one of the best brokers out there for advanced traders. Below is a list of brokers offering Portfolio margin accounts. In 2011 TradeKing stated that it changed clearing firms and is now exploring the idea of offering Portfolio Margin. IB was one of the first brokers to offer Portfolio Margin. Lek Securities specializes in executing and clearing equities, options, fixed income, futures, currencies and an array of derivative products for professional clients. Ever since the approval of Portfolio Margin in 2007, brokers began offering portfolio margin accounts to their clients. TradeKing does not offer Portfolio Margin. Surprisingly, many of the largest online discount brokers have yet to add Portfolio Margin capabilities. Any errors in this list can be reported by contacting the site admin.

What I did is kept my ToS account active, do all my research through that platform, then click over to OH and place the trade. It was not until 30 minutes later that the correct information appeared. OptionsHouse has served me well for the most part. As many of you have pointed out: they are holding on to funds for extra days and earning interest. OH for over 2 yrs now. They did not apologize and refused to admit that it was their almighty system that had a malfunction.

This rule came right out of the left field. Today, I spoke with an employee by the name of Dan. This company is a joke. Also technical charts like RSI and macd available? Cons: None so far. All open orders have been canceled. Optionshouse customer also is very helpful and polite.

Recently the merged with Trade Monster. Debit card for withdrawing funds and received it the following week. OptionsHouse has a cool trading platform which is not difficult to use. The minimum account balance is not the same as the minimum initial funding size. Etrade is a flat rate brokerage, a little higher but, not buy as much and even sub pennies for 10 bucks. Am I the only one that has been surprised by this: when selling a stock the funds takes up to three days to be available in your account to buy another stock. Option House, actually had all the paperwork in, and then I found out that because I operate out of a small corporation they were going to treat me as a professional trader.

So not sure why OH holds it. Could not open my account even though They have Confirmed Receipt of the wire. Other than this I have been extremely satisfied with OH. After 4 days I moved my account because the platform would not let me submit orders. For 5 minutes, it showed that I had these shares that I actually did not. Their mobile app sucks ever since they were bought by TradeMonster though. ETF ALWAYS goes immediately on a market order. How is it possible that I have received my voter registration, vehicle registration, and regular mail without any problems, but Optionshouse has issues? Optionshouse is the best broker for beginners. This usually revolves around the local post office not recognizing the mailing address. What makes Optionshouse different?

Should have left months before. My monthly IRA contributions by ACH are posted in 5 days. This can be very risky during emergencies. They are fast clean and cheap. There is definitely potential for a class action suit here. Some stock symbol are not available and you have call them to get them added.

This is why i am considering switching to a cheaper transaction fee alternative. Terrible tools, research, and platform. Does OH provide access to this type of information? Thought it was me, so called customer service. So yes if you are serious about trading the next step is a margin account, then a day trading account. IRA account to Options House, and they took 5 calendar days before they even initiated the ACAT transfer with the delivering firm. Played the game and faxed them the application. How can I withdraw money from my OH account?

Never happened once with any other brokerage. Totally screwed me on a stock I was planning on purchasing. It never seemed to get answered but can limit orders be canceled or changed at anytime priornto execution? Stay away from Optionshouse! Good for cheap trades, fairly good executions. Pros: Good trading platform. Fidelity, TradeKing and Zecco. This might fool new investors not familiar with other option brokers.

Setup ACH link with my bank and no problem. Too much paperwork, High Margin interest. For active traders who are serious about online options trading, OptionsHouse is the best choice with its low fees and solid trading platform. Trading platform is very good with live streaming quotes blinking continously. By the time my money got in the account and 5 more days before I could trade, a month went by. Some of their representatives are nice and others do not seem to care. OptionsHouse has very user friendly interface. When I called back to report him to a supervisor, another run around story that no supervisor is available. The trading platform causes my screen to flash repeatedly as soon as the market opens and streaming quotes start coming in. They have an excellent probability and risk predictor for my options trades, and the free education available is phenomenal.

Has any other OH customer had this experience? Excellent experience with very friendly customer service with good reply of email. The combination of Optionshouse and tradeMONSTER is a huge win for clients. Is the broker good? Optionshouse and Interactive Brokers account. When calling, it is not uncommon to have to listen to recordings and music for several minutes before a human answers. Always treated me well. However I found OptionHouse, I am so happy with their not difficult and friendly trade plateform.

They have 2 interfaces, standard or new. They go IMMEDIATELY, EVERY TIME. Vanguard, TradeKing and Zecco. Trading platform is pretty not difficult to use and my virtual orders for an MLP, CEF, and REIT were completed promptly. For me they are a 5 star but I realize their platform is quite basic which is why I deducted a star. This employee needs to be fired! Other than low commissions there is not that much to recommend here.

They say 3 but its never that case. So I closed the account before it even got going. They can NOT figure out how to calculate margin for my account. Also when I created the account, I did it online and it took less than 5 minutes to have an approved account for options and margin. What a waste of 5 weeks 4 of which it took to get money into the account. OH is excellent and fast at placing stock and especially option trades. Best place to have a retirement account. If I could have given zero stars I would have in a heartbeat. In addition, I find that I have to wait on the phone to talk to customer service sometimes as long as 10 minutes.

My stock buying power has changed by over 20k without me even placing a trade. But definitely this is not a place to play margin account! Initially, I thought Optionshouse was a good platform for trading. Option house is great the tools could be a little better as well as the platform. Zecco is known to have trading platform glitched and malfunction. My bank has it cleared in a day. There is no minimum account balance.

If you are begginer and want cheap trade fee, then Optionhouse is the one by far. It is a fantastic trading platform and really not difficult to understand with helpful advice. Customer service told me not to use internet explorer. We pay to have our orders executed in a timely manner. This is just a small business corporation where I had some extra money to trade. Reading the testimonials I have to admit I will be monitoring this account closely the next couple months. That should tell you all you need to know. Its fees and commissions are lower than nearly every other choice in the market. Account is now activated.

If I want to close my OH account then is there any closing fee that I have to pay? Although OH option commissions are low there are several important negatives. These ETFs do not sit in a holding pattern waiting to be purchased. It has low commissions and there is a good reason for it, this brokerage is very basic. And last but not least very very cheap commission, which saves you lot if you trade everyday. OH you are likely to miss the opportunity because you would have to wait a week. He was rude, inappropriate, a smart ass and had not right to speak to me in such a manner. Optionshouse customer reviews: complaints, positive feedback from clients, pros and cons. What a frustrating joke.

The research is minimal. Please SKIP this company and STICK with Scottstrade or Etrade. Optionshouse become acquainted with the tradeMONSTER platform, and updating its website to reflect the revised brand image. IB are much a little bit cheaper, but the Optionshouse platform is much more user friendly. They always hold on to funds when a withdrawal is requested for some outrageous reason. They should quit telling people they can do multiple day trades if they are within the margin because, it is simply not true. Been using Optionshouse for years now.

MAY get placed, and then I had the same problem trying to place a sell order. Anyone else have a thought on this? Think or Swim blows all three of these out of the water in comparison. Wire and it was fast. Obviously, I was confused. OH and I have been reading all the reviews here. They told me to expect the completion of the transfer of assets on Feb. The hedge order went through, no problem, of course.

So ACH deposit into OH, you have to wait a week before trading it. Efficient, pleasant and they always answer my questions. Very happy with the platform, execution, and rates. OH 5 stars and will open another account. The trade monster platform is more difficulty to deal with but still functional. Both OptionsHouse and USAA have a flat fee structure, meaning regardless of how many shares you trade, you will always be charged the same base fee. An exception to this is Interactive Brokers. You could be forced into a margin call because the stocks you own have decreased in value and are below your margin limit. Other investors use it as a form of arbitrage like Interactive Brokers mentions in their commercials.

You pocket the difference between the two. Otherwise, it could be a costly investment lesson. Like credit card terms, it is possible to negotiate a better rate. To find out more about the various discount brokers, please visit our best stock brokers web page. So you experience double jeopardy, forcing you to sell stocks at the worst time. Using margin can be a powerful tool, if used carefully. Interactive Brokers margin rates are on a sliding scale. This can take a few days to occur, and you could lose out on an investment opportunity in the meantime. Otherwise without margin you are forced to wait until the sold stock is cleared and the money is deposited within your account.

Using unsecured debt from credit cards has less risk, or a loan from P2P lenders like Lending Club or Prosper. To see more brokers, please scroll right in the table. Though finding out which stock broker has the lowest margin rate can be time consuming. If you do use margin for investing or short term loans, make sure you understand the risks and the costs. Depending upon the broker you choose and the amount invested, it might be better to get a short term loan from another source. Is Using Margin Risky? In most cases you are paying a heavy premium for it. How do we calculate the interest charges?

Well, each brokerage has a different method of calculation, so you should speak to your broker directly. For further reading on this subject, see our tutorial on Margin Trading. Once again, this is a general approach and does not necessarily reflect the policy of all brokerages. The easiest way to find out how much you have borrowed is to take the equity in your account and subtract it by the market value. If you have a negative amount, this will be the amount you owe. One way that investors borrow funds from brokerages is through margin accounts; it is these interest charges that allow them to charge such low commission rates.