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optionsHouse - thoughts?

post #1 of 9
Thread Starter 

I recently started an optionsHouse account to check it out, and am reaching out to see what others' opinions are about the site.

 

My pros:

Pretty interface (hey, visual UI is very important)

Cheap

Maggie in support (cute voice, and I have her direct number instead of an operator pool)

 

My cons:

The tools seem a little underdeveloped, though I do prefer to spread my trust over multiple sites anyway

Death by ACH (up to a WEEK to transfer funds from BAC checking!)

Even slower account setup (2-3 weeks)

 

Any problems with phantom orders?  I suspect they play their dirty game on the ACH float instead of "mistakes."

post #2 of 9

Everybody that I know that used optionshouse was very happy with the customer service and executions, but as you said the ACH is at least 5 business days, so its not for people who are in a rush to open an account somewhere.

 

 

post #3 of 9
Thread Starter 

People in a rush probably need the stop break.  I'm used to 2-3 day ACH, though, so my thoughts were "My money has run off with Peter Pan to never never land!"

post #4 of 9

So what ever happened to the guy in your avatar that built that nuclear reactor in his backyard? He served some time right?

post #5 of 9
Thread Starter 

Not sure; I think he only got 90 days after treatment.  Larceny sounds like a trump charge, though, since the DA was probably completely confused as to what to charge the guy with.

 

I just like him because it's just like the markets... he builds a nuke reactor in his garage and gets scrutiny; jail; burned.  Dr. Michio Kaku builds a particle accelerator in his garage as a teen and becomes a talking head lauded by none other than Edward Teller.  

post #6 of 9

Yeah, but this guy obviously had some exposure to unpleasant levels of radiation and put his neighbors at risk!

post #7 of 9
Thread Starter 

They both put their neighbors at risk, but we don't advance without said risk!  If I found out that a teen on the block was trying to do a high-energy experiment, I'd throw in some wrench time and experience to help that dream come true to reinvest in something money can't touch with a 40-foot pole.

 

I got my mechanical/electrochemical engineering start in an old neighbor's garage, a guy who worked for McDonnell Douglas, Monsanto, and Purina... it's not like we can pretend that kids are completely blind to industry until they reach college.  If there's a smart kid you know, guide him so he doesn't end up like the guy in my avatar pic!

post #8 of 9

Been using them for just options for about two/three months, their executions work great so far. I use my Scottrader ELITE for charting still though and Scottrade still has all my long term stocks. I like my little system so far.

 

OH is nice since their pricing is so low, and their customer service is actually really great, I have only had two problems and they were fixed within 15 minutes of me sending out an email. But just like you their software is behind most, and the money transfer is crazy. I have called asking if there was a way to speed that up but they basically said no in the nice way haha.

 

 

post #9 of 9

Optionshouse is very cheap compared to the other popular brokers - and is the best options broker in my opinion. You can read a good review of them here - http://www.thinktrade.net/optionshouse.php.

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