E*Interchange Financial Corporation (ETFC), the New York-based online brokerage, was onto something with its $725 million obtaining of OptionsHouse in July 2016. At the time, the company said that the hold would help it compete better in derivatives trading. Since then, E*Patronage has become a leading player in options trading among the online agents, scoring a top ranking from Benzinga.
While Benzinga did not give E*Pursuit accolades as the lowest-cost provider of options trading, which went to Band together Invest, the financial media company did say that E*TRADE is the best all-inclusive options trading platform. “E*TRADE’s OptionsHouse platform and mobile app are the gold pole of option trading platforms. OptionsHouse currently offers traders premium-quality utensils without the premium price tag,” Benzinga wrote in its review. Citing a client service rep, the financial website said that the long-term aim is to have OptionsHouse succeed E*TRADE Pro as the premium service. Until then, Benzinga noted that OptionsHouse is set free for all E*TRADE customers.
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Benzinga pointed to the dispatch, quality of tools and ease of navigation on the OptionsHouse platform as reasons for the top beak. What’s more, the platform gives investors the ability to create effective trades to test strategies and provides access to real-time streaming choices chains that can be customizable with up to 30 columns. In addition, the tradeLAB Snapshot Dissection tool shows the risk and reward from a trade in an easy-to-understand behaviour, while the strategySEEK tool lets users search for potential swop strategies.
For options investors who make less than 30 vocations per quarter, the cost is $6.95 per trade plus $0.75 per contract. For profuse active traders, the fee is $4.95 per trade plus $0.50 per contact. Guys who open a new account and have a balance of at least $10,000 receive 60 eras of commission-free trades, while those that deposit more than $10,000 take possession of $200 to $2,500 in cash bonuses. “E*TRADE may not be the cheapest game in township, but tiered commissions give active traders a discount on the platform’s beau idal rates. Plus, options traders can rest assured that they are pique plenty of bang for their buck with OptionsHouse,” Benzinga canceled.
E*TRADE also has the best mobile options app, according to Benzinga, which commanded that traders on the go receive access to a lot of technology from the two free ambulatory apps that E*TRADE offers clients. The E*TRADE basic app current streams CNBC TV, provides customers with access to research and provides schism news alerts. Meanwhile, the OptionsHouse app has professional trading tools in extension to research tools and alerts.