Security & Risks » Disclosures

For your convenience, all of the important disclosures and restrictions that apply to the content of this site are compiled here.

Educational Videos

2
Advanced orders involve additional risks. More information at http://www.optionsxpress.com/welcome/risks/cont_trail.aspx
3
Streaming quotes are only provided to non-professional customers who accept the exchange streaming quote agreement.  Customer must qualify as a non-professional subscriber in accordance with NASDAQ, NYSE and OPRA regulations.

Tools & Research

OX Mobile Disclosures
optionsXpress Mobile requires a wireless signal or mobile connection. System availability and response times are subject to market conditions and your carrier’s mobile connection limitations. Additional carrier data usage charges may apply. Functionality may vary by operating system and/or device.
Streaming quotes are only provided to non-professional clients who accept the exchange streaming quote agreement. Clients must qualify as a non-professional subscriber in accordance with NASDAQ, NYSE and OPRA regulations before access is granted. Clients that use optionsXpress Mobile to access Real-Time Streaming Quotes ("Quotes") should evaluate their mobile data usage with their mobile carrier before using this service. optionsXpress is not responsible for the data usage charges incurred while using Real-Time Streaming Quotes or any other features of the mobile app.
Apple®, the Apple logo, iPhone, iPad and App Store are trademarks of Apple Inc., registered in the U.S. and other countries.
Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.
Amazon, Kindle, Kindle Fire, and the Amazon Kindle logo are trademarks of Amazon.com, Inc. or its affiliates.
General Tool Center Disclosures
Multi-leg option strategies are subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply. Advanced orders involve additional risks.
Company names, photos, products, services and branding related to mobile devices and related software may be service marks or registered trademarks ("Marks") of their respective owners, which owners retain all legal rights. Use of the mobile devices and related software is subject to the respective provider's terms and conditions or standard software license agreement. The use of these Marks is not a representation that the optionsXpress is affiliated with, sponsors, endorses, is sponsored by, endorsed by, or affiliated with the mobile device, related software or Mark owners.
optionsXpress makes no investment recommendations and does not provide financial, tax or legal advice. Content and tools are provided for educational and informational purposes only. Any stock, options, or futures symbol displayed are for illustrative purposes only and are not intended to portray a recommendation to buy or sell a particular security.
1 Walk Limit
NBBO (National Best Bid/Offer) Spread Quote reflects the best quotes printed from participating exchanges on each leg of the spread combined. For a long leg, the NBBO single leg "ask" quote is used, while short leg quotes use the NBBO "bid" quote to combine for a synthetic NBBO combination trade quote. Please note that there are no spread markets in securities that are subject to benchmarks such as "time and sales" or "NBBO" and therefore the "market" cannot be "held" to a price. There are risks associated with trading spreads. Multi-leg option strategies may also be subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply. Please read "Spread Risk Disclosure".
Execution is not guaranteed with a Walk Limit order–particularly in a fast moving market which may result in no executed transaction. Walk Limit orders will only be accepted during the hours of 9:35 AM ET and 3:55 PM ET on official market trading days, and will not be applied to extended hours trading. There are risks associated with using advanced orders that you should understand. Learn more
2 Idea Hub
Idea Hub helps the self-directed investor explore new trading ideas that are based on pre-set screening criteria. Please note that Idea Hub does not consider open orders, existing positions, or other factors, and is solely intended for educational and informational purposes. Examples within the Idea Hub are not intended as recommendations to buy or sell any particular security or implement any particular strategy and users of the Idea Hub should not make investment decisions based solely upon ideas generated by it. You are solely responsible for your investment decisions, and should carefully evaluate the examples to determine whether they are right for you based on your personal situation. optionsXpress does not make investment recommendations, provide financial, tax or legal advice.
4 oXSocial
oXSocial is a destination that allows customers to share ideas, opinions and information on a wide variety of topics. The firm and its personnel will not communicate to customers through oXSocial. Any third-party content including Insights, Predictions, Blogs, Notes, Forum Posts and Comments does not reflect the views of optionsXpress, Inc. and may not have been reviewed by optionsXpress, Inc. Testimonials may not be representative of the experience of other clients and are not indicative of future performance or success. No consideration was paid for any testimonials displayed. Any information accessed through oXSocial does not constitute a recommendation to buy or sell a particular investment from optionsXpress. You are solely responsible for your investment decisions, and you should carefully evaluate any potential trading opportunity to determine whether it is right for you and suitable for your objectives. optionsXpress, Inc. makes no investment recommendations and does not provide financial, tax or legal advice.

Pricing & Commissions

Restrictions apply: The $4.95 commission does not apply to foreign stock transactions, large block transactions requiring special handling, or restricted stock transactions. See optionsXpress pricing and commissions for full fee and commission schedules. Employee equity compensation transactions are subject to separate commission schedules. Multiple leg strategies will involve multiple commissions. The $4.95 commission rate is not retroactive.
5*
Restrictions apply. The $3.50/contract pricing applies to U.S. customers only. The $3.50/contract rate is effective February 9, 2013 and will not be applied retroactively. Commissions rates depicted above are quoted on a per-contract, per-side basis. Pricing does not include customary NFA and exchange fees. Additional fees may apply at some foreign exchanges. Additional market data fees may apply at some futures exchanges.
7
Base Rate is a variable rate currently at 5.00%.
8
Funds will be swept into Deposit Accounts at up to eleven (11) Banks, they will be eligible for at least $2.5 million in coverage (or $5.0 million in the case of a joint account), subject to applicable limitations. Funds in the Deposit Accounts at each Bank are eligible for deposit insurance by FDIC up to a total of $250,000 principal and accrued interest per depositor in most insurable capacities (e.g., individual, joint, etc.) when aggregated with all other deposits held in the same insurable capacity at a Bank. For example, funds in the Deposit Accounts at a Bank held by an individual are insured up to $250,000, and funds in the Deposit Accounts at a Bank held jointly by two or more individuals are insured up to $250,000 per joint owner ($500,000 per account).
10
Streaming quotes are only provided to non-professional customers who accept the exchange streaming quote agreement. Customer must qualify as a non-professional subscriber in accordance with NASDAQ, NYSE and OPRA regulations.

Margin Guidelines

1
Initial requirements must be met before transactions may occur. In certain cases, where transactions occur before initial requirements are met, a deposit of additional capital will be required immediately.
2
Stocks under $5 and non-national exchange securities: Ineligible for portfolio margin.
Minimum Option Requirement: $.375 multiplied by the option's multiplier which is generally $37.5 per contract (assuming standard 100 multiplier).
Bonds and Mutual Funds: Margin requirement based on Regulation T guidelines.
3
Examples were obtained on 8/1/2012 and are provided for illustrative purposes only. optionsXpress, Inc. makes no investment recommendations and does not provide financial, tax or legal advice. Examples show the possible margin relief under portfolio margining rules in comparison to standard margin requirements. Any stock, options, or futures symbols displayed are for illustrative purposes only and are not intended to portray a recommendation to buy or sell a particular investment. Portfolio margining involves risk and may not be suitable for all investors. Please read our margin disclosure statement and portfolio margin disclosure .

Testimonials

1
This testimonial is a positive statement made by an actual, uncompensated optionsXpress customer. Individual experiences will vary based on trading strategy, market conditions and other factors. optionsXpress is not liable for any errors, incompleteness, or delays, or for any actions taken in reliance upon these testimonials or information contained herein.

Live Events

General Live Events Disclosures
Futures involve substantial risk and are not appropriate for all investors. Please read Risk Disclosure Statement for Futures and Options prior to applying for an account.
Investments using a straddle or strangle options strategy potential loss is unlimited. Multi-leg option strategies are subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply.
Access to the above events is provided for educational and informational purposes only. optionsXpress is not affiliated with, sponsors, is sponsored by, endorses, or is endorsed by the above mentioned guest speakers or cooperative events and the commentary and opinions expressed at, by or through the above mentioned guest speakers or cooperative events are solely their own. No information provided by the guest speakers or cooperative events has been approved or endorsed by optionsXpress and does not constitute a recommendation by optionsXpress to buy or sell a particular investment. You are solely responsible for your investment decisions, and optionsXpress makes no investment recommendations and does not provide financial, tax or legal advice. Please consult your tax consultant prior to making any investment that may impact your tax situation.

Futures

Futures Trading Systems
OX does not recommend, rank or rate third-party trading systems, and does not pre-screen or qualify third-party trading systems in any manner. OX does not review third parties’ experience, credentials, performance (hypothetical or actual) or other factors relating to their qualifications. PARTICIPATION IN ANY TRADING SYSTEM OR FACILITATION THEREOF DOES NOT AND SHOULD NOT BE DEEMED TO SUGGEST, IMPLY OR MEAN THAT OX OR ANY AFFILIATE RECOMMENDS OR ENDORSES THE VALIDITY OF, OR ADVOCATES THE THIRD PARTIES PROVIDING THE SERVICES. Customer determines whether to use any third-party trading system and is responsible for investigating and selecting them in light of Customer’s investment objectives and risk tolerance.
Real-Time Option Chains
While most options on futures trade electronically, some continue to trade in open-outcry pits. In such cases, under certain market conditions, bid/offer information may not be updated at the exchange in a timely manner.
Trading Central
Trading Central research is expected to be launched in early 2011.
Futures Risks
Futures involve substantial risk and are not appropriate for all investors. Please read Risk Disclosure Statement for Futures and Options prior to applying for an account.

Free Account Transfers

ACAT Terms & Conditions
optionsXpress will credit your account transfer fees up to $100 charged by another securities or futures broker when completing a full account transfer for $2,000 or more. Offer applies to new accounts first time funding only. To receive credit, email us or fax (312) 629-5256. Credit will be deposited to your account within 30 days of receipt of evidence of charge. We reserve the right at our sole discretion to modify or terminate this offer without prior notice.

XPRESSO

General XPRESSO Disclosures
The optionsXpress XPRESSO newsletter is provided for informational purposes only. No statement in the XPRESSO newsletter should be construed as a recommendation to buy or sell a security or to provide investment advice. The content provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy and completeness. optionsXpress makes every effort to provide timely information to its recipients but cannot guarantee specific delivery times due to factors beyond our control.
Futures involve substantial risk and are not appropriate for all investors. Please read Risk Disclosure Statement for Futures and Options prior to applying for an account.
Attend a free seminar at your local Schwab branch office.