OptionXpress Review

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OptionsXpress has come on the online investment arena with a big bang. It looks like everything to everyone. It helps the user to trade stocks, options, mutual funds, ETFs, FDs, bonds etc. You name it, and OptionXpress have it. Does it mean that finally we have gotten a financial service that is great for everyone? This is not exactly the case, but even then it is a great furnace platform by all standards.

While reviewing OptionXpress and learning from where do we start with this product, as most investors are worried about fees, lets us discuss the fee structure.

The Fee

The fee structure of OptionXpress is quite reasonable. In some areas, it is a little high compared to competition, but in some other areas it is very low or even NIL. Looking at the fact that the site serves all categories of investors be it experienced, new, occasional or frequent traders in stocks, options and futures, the fees are very reasonable. The investors that normally act in options and stocks and never go to the broker assisted trades, can find the platform costly, but it will not be so with others. Looking at the overall but that the investors get on this website, they get full value for money, thereby justifying the additional cost even for customers who do not deal in broker assisted trades.

The Excellent Educational Support

OptionsXpress gives fantastic educational support that is great for the novice investors. It helps the investor identify the magic of selecting a profitable trade. To get the best advantage of this, one is expected to be reasonably good with computers. If you are not comfortable with computers, then you may not be able to take full advantage of the educational services and tools provided by this website.

One great tool available online is the one that allows the investor to test their investment strategy on virtual market, without putting the real money online. Thus, one can test the efficacy of his or her strategy without taking a plunge.

The OptionXpress regularly conducts live seminars, online webinars and a lot more. By participating in these events, the investors get a chance to listen to the wisdom of experts that they have collected over many years of trading in financial markets.

The conclusion

The OptionXpress has been a hit with most of the old-timers of financial markets. It is also recommended by the financial experts dealing with different areas, like that of debt, equity, mutual funds, bonds etc. the features of these platform suits all kinds of investors.

Though this platform is very good for practically all classes of investors, but it is costlier for the ones that do not take part in broker assisted trades and are normally busy with options and stocks. Though the brokerage fees are higher for stocks and options compared to other platforms, but if one goes of the broker assisted trades, then it will not add any cost to their purse as these trades are normally free or charge very low fees compared to other brokerage houses.