OptionsXpress
OptionsXpress Holdings, Inc., is one of the pioneers in online options trading. As its name suggests, OptionsXpress started out specializing in the trading of Options. However, as the years went by, the company also included stocks, mutual funds, bonds, and other forms of security as part of its service offering. Founded in 2000, OptionsXpress is considered a very young company compared to its competitors. It’s age, however, hasn’t prevented the company from carving a niche in the world of Stock Brokers.
Accessibility:
As it is primarily an online broker, OptionsXpress doesn’t have any physical branches in the United States. Its only office is its headquarters located in Chicago, Illinois. The best way to have access to the company and acquire its services is through its website. OptionsXpress has a dedicated website for both US and non-American citizens. The company also has several other offices in other countries like Singapore, Canada, The Netherlands, and Australia, as well as websites that cater to each country it operates in. Each office can be reached by their respective local telephone numbers and postal addresses.
Services:
OptionsXpress is known not only for its diverse selection of services, but also for its quality and low fund prices. Aside from the typical service offerings that one usually expects from a broker (stocks, mutual funds, retirement plans, banking, education, advice, account management, etc.), OptionsXpress also offers extensive research tools that are geared towards helping their clients learn more about the ins and outs of the stock market. In addition, OptionsXpress also offers a $5,000 “Virtual Trade” account in which beginners get to practice their trading skills, thereby helping them learn through experience without the danger of losing money through “rookie mistakes”. Best of all, unlike most of its competitors, OptionsXpress has no minimum account balance requirement.
Achievements:*
March 2002 – Awarded “”Best of the Web” and “Favorite Options Site”, Forbes Magazine
March 2002 – Considered as “One of the Best Online Brokers”, Barron’s Magazine
March 2003 – Awarded “Best Online Broker”, Barron’s Magazine
March 2004 – Awarded “Best Online Broker”, Barron’s Magazine
August 2004 – Awarded “Best Discount Broker”, SmartMoney Magazine
March 2005 – Awarded “Best Online Broker”, Barron’s Magazine
March 2006 – Awarded “Best Online Broker”, Barron’s Magazine
March 2007 – Considered as “One of the Best Online Brokers”, Barron’s Magazine
2007 – “Best Discount Broker”, consumersearch.com
*Source: www.optionsxpress.com
Additional Information:
OptionsXpress is a publicly held company with stocks listed and traded on the NASDAQ. To learn more about the company, visit their website, www.optionsxpress.com.
