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OX is a great platform
"I've been with OX for about the last 10 years or so... sorry I don't have the exact date memorized :) Certain tools are crucial for my analysis as spread trader, and some things are personal preference (cosmetic). OX tools are great, particularly the trade & probability calculator and the D Read more...
Good customer service
"Option express has good customer service. You can trade anything. Charting sucks on this. It has no live charts or level 2. This is great for long term investors who want to just buy the stock once and never touch it. Maybe swing option players. Basically, buy 3 months in and deep in the money Read more...
Great tools but really expensive fees.
Optionsxpres is typical for beginning investors.
Optionsxpress charges the average fee to trade on any market- $9.95. Easy to use website with great live chat.
Good option trading platform
" I started with option express and stayed with them since 2009. They are very helpful and sportive world wide. This is a huge advantage with them, due to the fact that many other online brokers will refuse to create an account for non US citizens. "
Position lost half the value after a stop was put in two days before it was filled. I like the basic charts and some of the other research tools. If you want to research it here that's fine but I wouldn't execute a trade with them and expect to come anywhere near what you put the trade in for.
Great for beginners - not for active traders
Great starter platform and really great order entry on option strategies. However, commissions are quite high and if you do any sort of volume, commissions will eat into your profits.
I was a bit harsh in my first review...
"Having now used other brokers to trade options, I am taking back my terrible review of OptionsXpress - they are actually pretty solid in comparison with others, namely Lightspeed Web Trader which I have been using for their lower commissions. The commissions on OX are $15 in and $15 out - this is Read more...
Opotionsxpress is great on commissions. Overall, i just use charting from a different broker and this to execute trades. Great on the p/l when rates are so low. thank god.
I like their Auto-trade programs
First, the cost per trade is very low, and frankly, that is what is most important to me. Second, they have some pretty good auto-trade newsletters to choose from. I follow a couple of them and have been making $$ every month.