Are you wondering whether or not Options House is a good option for trading? The short answer is yes, option house is a great choice for just about any trader. The longer answer is that while there are a lot of good brokers out there, optionshouse remains among the best, most affordable, and reputable in the market. The platform is especially good for options traders, which should come as no surprise given the company’s name.
Options House was founded in 2005, when online investing was still a relatively new thing. There were already a good number of trading platforms back then, but the industry was still dominated by old guard brokers who wanted to charge through the nose to conduct trades. Options House and a few other pioneers helped dramatically reshape the market by lowering trading costs.
The global investing firm General Atlantic backs Option House. This leading growth equity firm manages over 17 billion dollars in assets and is known globally for being a leader in equity investing. This means you’ll be able to rest assured that when using Options House, you are gaining access to a powerful, legitimate stock trading platform.
You might think that mentioning all of this is unnecessary, but there are plenty of scams out there. When it comes to finding low cost brokers, many scam artists know people will take cut corners and try to save dollars by working with less-reputable brokers. While Options House is cheap, however, it is legitimate and not a scam.
Why Stock Trading is Getting Cheaper
Decades ago, trading stocks was expensive because stock markets were ran by hand, rather than by computers. This meant that brokers had to send actual traders to the floor to conduct trades. Now-a-days the vast majority of actual trading is conducted electronically. Yes, traders still call out some trades on floors, but honestly this is more for nostalgia than function.
As with most things, when the stock and financial industry was computerized, costs dropped rapidly. This is especially true for brokers, who can now manage the vast majority of their business electronically. This means that costs for actually conducting trades have gone down a lot.
Back in 2005, when Options House was just getting started, a lot of old blood brokers who were used to charging thirty dollars or more to conduct a trade still dominated the stock market. If you conducted several trades a month, you could expect to pay hundreds of dollars in fees.
Companies like Options House recognized that there was an opportunity to launch cheaper trading platforms that offered investors a chance to make trades for ten dollars or less. Since everything was being done electronically, these low cost brokers could still turn a profit.
Now, Options House and other low-cost electronic traders dominate the market. While they don’t offer as many features as some other old blood brokers, the Internet makes it very easy to find resources, information, charts and other things. By combining Option House with a good research and charting platform, you can build up a powerful investing platform while keeping your own costs very low.
Deciding if Options House Is the Right Broker For You
When deciding on a broker, it is best to:
A) consider your needs, and
B) give your short listed brokers a sort of test drive.
You need to make sure that the broker you are selecting is right for you. Options House is a great option for options traders, and also other investors, but there are many worthy competitors out there.
So why not get an option house login, and test the platform out a bit? Options House and many other stock traders make it easy to set up an account. First, you don’t need a minimum. Second, the company is often offering special discounts to new users. As of writing this article, for example, Option House was offering sixty day commission free trading. This makes it easy and low risk to set up and try out their platform. If you don’t like Options House, you can simply withdraw your money within sixty days, and not have to pay any commissions.
So make sure you give optionhouse a close look if you are in the market for a broker. The company is one of the best low cost options out there and should make every investor’s short list. Of course, there are many great options out there, but Optionshouse is among the best!