OptionsHouse, OptionsThis and OptionsThat. So many options brokerage houses which means confusing choices for us all. Other than having OptionsHouse promotion codes (see below for them), how does this broker get you to remember them? How about $4.95 per stock trade to start?

Fees Come First

OptionsHouse Interface

Upon looking into the account, I found that the interface is very much like the professional trading platforms of the higher end brokers for professional traders. Within the main screen, you can see an account summary, quote look up, order statuses, positions, and detailed information on particular securities.

Webinars and Seminars

Ive begun to really love the education that these brokers provide and OptionsHouse is no exception. Its obvious that the companys expertise is in options trading because all the webinars are concentrated in that area but I expect it to expand to stock trading and other subjects in the future.

Dont Underestimate Them

While many of you may not have heard about this brokerage firm, they seem to have their act together. In fact, Barrons Online Broker Survey ranked them highly in trade experience, beating out the likes of thinkorswim, optionsXpress, E*Trade and Charles Schwab.

Conclusion

OptionsHouse really gets my blood flowing because of its extremely low trading fees. Is it SIPC insured? Check. Is there good word out there? Another check. Changing brokers is really a hassle though, but like others, they are willing to reimburse me for up to $100, which is enough to move from pretty much any institution. Hmm decisions decisions decisions. As for you, theres really no right answer, but Id say that $3.95 stock trades is reason enough for you to at least give it a test run.

OptionsHouse Promotion Code

Here are the current promotions for this broker. When you sign up, type in the promo codes as shown below.

Who is OptionsHouse Anyway?

To be honest, one of the first reaction I had when someone told me about OptionsHouse was: Who? I then went to do a little research and heres what I found out:

OptionsHouse is really OptionsHouse, LLC and is owned by PEAK6 Investments, L.P. The companys headquarters is in Chicago, the home of the Chicago Board of Trade. The parent company have been in the options and derivative trading business for years, and is actually one of Chicagos 101 best and brightest companies to work for.

Before you take the plunge though, make sure you read up on the issues other people are having before you sign up with them. A few love OptionsHouse, while other reviewers dont. Take your whole test drive to get a realistic feel for how the broker will work for you, but take note of your peers experiences first.