Optionsxpress virtual trading account

This is extremely useful for traders at any level, regardless of its slightly slower speed.

In our opinion what this broker has to offer justifies the cost.

The mobile version of Xtend fares somewhat similarly, with a great set of features undermined by one or two smaller flaws. For instance, the mobile app permits users to keep track of live market data, perform traders and manage their account with charting tools and investment options. In fact, the streaming charting features are one of optionsXpress big selling points.

Even so, the abundant other features — including the all in one trade ticket, real time quotes, news and chain access to options and futures — more than make up for these small shortcomings. Because of this well-rounded, multipurpose set of services, optionsXpress permits customers to pick and choose the ways in which they want to trade, and make it easy to make the most out of their investments.

optionsXpress Review: Well-Rounded, High-Rated Trading

To open an optionsXpress account, all it takes is going to the website and heading to the simple signup page, which should take about five minutes to fill out. After that, just put in your email account, set up a username and password, name, date of birth, address, SSN, and other information. Once that is done, you just create your Trader Profile, in which you establish your net worth, tax bracket, and more. When trading on optionsXpress, it is necessary to know their pricing structure , which is a little higher than some other platforms.

Depending on how you want to trade, optionsXpress can either be quite affordable or demand a big investment from you. Options traders will specifically get the most out of working with optionsXpress.

Review of OptionsXpress

While the system focuses on a wide range of trading disciplines, traders who focus on options will get the most out of the service hence the name of the service. The service makes it easy to assess your investments at a glance, and encourages you to become an active trader. Their research capabilities are some of the best in the business, with a huge, comprehensive library with which to familiarize yourself with the ins and outs of trading.


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Customers who want consistent, high-quality customer service might do well to look elsewhere. While the service itself is perfectly acceptable, its hours are limited as compared to other outlets that provide hour service. Unless you are a futures trader, as an optionsXpress customer you are only entitled to phone support during business hours. Still, if you need real life help with your account, you can just go to one of the local Charles Schwab branches its parent company and get all the help you need. But, here are the basics of the commissions you can expect to pay with this brokerage:.

Top 10 Best Options Trading Simulators

Margin interest rates start at 8. The larger the amount you borrow, the lower your interest rate. You have the chance to boost your returns, but trading on margin will also magnify your losses. OptionsXpress provides a number of other features and benefits. One of the most interesting benefits is the free broker-assisted trading.

Few brokerages provide that service for free. On top of that, they have a great education section.


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You can receive trading education in options, stocks, futures, ETFs, and anything other product they offer. Free webinars are also available, along with a virtual trading platform. This allows you to see how the tools are used, and then put that knowledge into practice before you actually risk any of your own money. The virtual trading platform allows you to see how your strategies work in real time. OptionsXpress features streaming charts, so you are able to see what is happening in real time.

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The system will also track your performance, so you get an accurate assessment of how you're doing. And finally, the system takes commissions and fees into account, forcing you to consider all the costs of your trading. While many brokers offer educational tools of one kind or another, a couple of brokers are paying special attention to paper trading. One is TradeMonster. You can read more here about the firm's free paper trading service. OptionsXpress also offers a "Virtual Trade" opportunity.

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