Why optionsXpress?

 

Technical expertise, superior order screens, Barron's best online brokerage1 for the past 4 out of 5 years...you've heard the hype, now see why optionsXpress has earned it:

 
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Low Commissions and More Value

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optionsXpress is always a low commission leader2. Our simplified transaction costs have NEVER increased since our inception. We also offer no-fee IRAs and broker assistance on trades at no extra charge. We mean it when we say No Hidden Fees.

Easy-to-Open Accounts

You can open an optionsXpress account in as little as 5 minutes. Fund your account with a paper check, automated funds transfer (ACH) or wire transfer. We even provide a free next-day air label to send us any paperwork requiring your physical signature.3

Sophisticated Order Management

optionsXpress' advanced order functionality allows customers to help manage risk. Our order entry screens are specially tailored for easy stock and options trading whether you're placing a simple stock buy order, a covered call, a trailing stop order, a One Cancels Other (OCO) or other advanced order.

Financial Reliability

SIPC

optionsXpress is a member of SIPC, which provides up to $500,000 in account protection against the financial failure of the Firm, of which $100,000 may be in cash. In addition, accounts are automatically eligible for extended coverage up to $25,000,000 per account, including SIPC coverage. Please contact us for additional details.

System Reliability

optionsXpress runs on industrial-strength hardware and software from leading technology providers. We subject our systems to rigorous testing and multiple connections through several Tier 1 Internet backbones to minimize the likelihood of connectivity lapses.

 

Education Resources

Educational Resources

New investors can start with our Educational Resources to learn about specific strategies and advanced concepts. All account holders can open and trade in a Virtual Trade account to test their knowledge without putting money on the line. We also offer online training seminars. And discounts on books and videos.

Exceptional Customer Service

optionsXpress customers can access help the way they want it: live chat, e-mail or on the phone. Our customers enjoy virtually instant access to customer service during market hours.

Extensive Tools

optionsXpress offers powerful tools for evaluating and executing stock and options trades including streaming quotes, real-time charting, StrategyScan and The Dragon.

Security, Protection & Privacy

Security, Protection and Privacy

optionsXpress is a member of SIPC, the Securities Investor Protection Corporation, which protects against losses caused by the financial failure of the broker-dealer, but not against losses resulting from depreciation in a security's value. Your optionsXpress accounts are protected by the SIPC up to $500,000 (including up to $100,000 for cash claims).

Additionally, optionsXpress at its own initiative, and at no additional cost to you, has secured excess SIPC coverage offering your account additional protection beyond SIPC's limits. optionsXpress' excess SIPC policy covers in the aggregate up to $100,000,000 each and every loss, subject to a maximum limit of $24,500,000 per customer, $900,000 of which may be cash.

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1 Best Online Broker 3/6/06, 3/7/05, 3/8/04, 3/10/03, and one of Barron’s Best Online Brokers 3/3/07, based on: Trade Experience; Trade Tech; Usability; Offerings; Research; Portfolio Analysis; Customer Service/Access; Costs. Barron's is a registered trademark of Dow Jones & Company © 2008. "The Best Online Broker" by Kiplinger's 7/06, based on: Commissions/Fees; Executions; Margin Rates; Interest on Cash; Maximum Fund Transaction Fee; Responsiveness/Broker Knowledge; Research; Web Site; Cost-Basis Data; Conduct. Kiplinger's is a trademark of The Kiplinger Washington Editors, Inc. © 2008.

2 Option trades $1.50 per contract or $14.95 minimum.

3 Limit one free next-day air label per account.

Advanced orders involve additional risks.