S. Wade Hansen

Broker Review: optionsXpress

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Of course, optionsXpress or any other broker will say that they would love to work with any investor, regardless of their holdings, but the product offering and commission and fee structure seem to benefit active to semi-active traders who want to invest in a broad range of products.

Products Available at optionsXpress

The product lineup at optionsXpress is one of the broker's strong points. You can trade the following products within the same account at optionsXpress:

• Stocks
• Options
• Futures
• Bonds
• Exchange-traded funds (ETFs)
• Mutual funds

If you are looking for product flexibility without the hassle of switching back and forth between accounts, opening an account at optionsXpress is a good option.

Commissions and Fees

optionsXpress doesn't have exorbitantly high commissions and fees, nor does it have extremely low commissions and fees. If you were to put the commission and fee schedule for optionsXpress on a price scale, it would be somewhere in the middle. (Learn The Truth Behind Broker Commissions .)

If you are strictly looking for the lowest fees possible, and are willing to give up some of the service and tools that a slightly higher priced broker usually provides, optionsXpress may not be for you.

However, if you are willing to pay slightly more for a full range of investment products and a suite of investment tools, take a look at optionsXpress, which has both.

Ease of Use

One area where optionsXpress really shines is in its ease of use.

Checking your account status, entering new stock and option orders, and monitoring your portfolio are easy with optionsXpress' simple, streamlined interface.