They went a head sold my position without letting me know. Now lets play the victim and blame someone else for you losing money through your own ignorance. Thanks for the informative blog. I have been unable to find any info on these questions on any site. Thanks, rocky Hey I was thinking about opening with OptionsHouse. Can someone verify some things for me? I heard you can execute trades fast and daily with this brokerage. Is this all true?
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This brokerage sounds right for me. I need a brokerage that performs well. OptionsHouse sounds like all they want to do is get down to business and trade, I like the sounds of this brokerage. TD trade fees are hard to come back from. I never had a Single issue with them trading stocks i dont trade options because I am a newbee. Commission is very attractive compared to other platforms especially those in Singapore.
E*Trade, OptionsHouse Merge Platforms
Quotes are live streaming, so dont require manual updates. Do not use OptionsHouse. I sent them a check which did not get there for over a week. I stopped payment on it after such a long time and then closed my account without ever funding. Now I am constantly receiving margin call notices for an account which was never funded. I have never used margins. Of course, I can not get into the closed account to find out what they are calling me on. It has been over a week since the margin call started. Who knows when the harassment will end?
You obviously did not bother to find out how long it takes for them to clear a check. If you bothered to ask them they would have told you it takes longer than a week. As for the margin calls, me thinks there is more to the story then you are telling. Grow up. Their application process is flawed. If uploading a scanned file, it must be less than 10MB which is not possible if all contract documents are submitted per their instructions.
The promotion code is not readily available, but when found links to a a different application process screen advertizing free trades. The location of this company is Chicago, which speaks volumes. But I doubt it. You have been protected by another layer of security checking such as image which is harder to be break than just password. The OptionsHouse account will keep open even after you click logout button using fireFox browser.
Optionshouse acquired by etrade position trading for dummies
You can try this: open you account with FireFox, click logout button you are out. I like OptionsHouse especially their old version even with the security concern. I wish OptionsHouse will read this and improve their security. I received the following email from OptionsHouse today. This is their response to several of my complaints to them about the poor service of the account. I have more complaints about them, but I understand that I am a demanding customer and that an average client may not find my concerns to be a big deal. Please make arrangements to transfer your account out of OptionsHouse within thirty 30 calendar days.
Failure to transfer your account in 30 days may result in the account balance being disbursed via check to the address on file. In addition, electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance and other factors. OptionsHouse provides neither investment nor tax advice. But they do have weak customer service.
Summary rule changes, without bothering to give customers advance notice, seems to be normal behavior for this company…utterly disrespectful to paying customers. I have a small cash account which I use to test trading ideas in real live trading. The account minimums were raised without any warning whatsoever. I may just been lucky till now. I had this happen to me as well. The process is a little confusing. If I recall correctly the account numbers I used to send money to BMO were not correct and my money was just sitting at BMO with no way to direct it properly until I gave them the correct account number.
Call them again and ask about the account number you gave and I bet you get a resolution.
The instructions OH gives on how to send money is a confusing and OH customer service people are very limited in their knowledge and were no help to me. All I remember is it was the account numbers were messed up in my case. Instead, that address was intended for wiring it was the wrong address. My latest contact with optionsHouse said that they have yet to find anything and will keep their eyes peeled for anything in the future. This seemed like they were under the impression the check was still being mailed or processed.
I called in telling them that this check was cashed 2 months ago and they said they would look into it. My contact BMO Harris Bank over the phone has mainly been responded with directions to contact optionsHouse to sort the issue and previous earlier contact with optionsHouse has been the same way in that they tell me to talk to BMO Harris Bank. Try contacting the other party.
My banker said something similar has happened many times and he never had so many problems. He recommended to not associate with them again as they are doing something underhanded. The money is gone. It was a very, very bad experience for me to open an account with them. I am keeping mine with TD Ameritrade from now on. Can people from China also open an account to trade stock and options? If yes, what are needed to apply for an account?
If i was you i will not use broker such as optionsHouse, just because they suck, you can try etrade. I can type chinese if you need more help.
OptionsHouse Review: Easy to Use Trading Options - Stock Hax
A possible representative which is likely the case attacking communication skill has given me a prospective on whether I should open an account. Instead of attacking communication skill give the guy a contact for customer service. I will stay at Scottrade for now. But if they take much longer merging the regular broker with their options broker I will be moving on.
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Just a satisfied user. I stand by my assessment. Option house platform sucks big time and customer service is full of shot no body whats going on with them …. If you bothered to read the instructions on the website you would have found that they take several days to process a wire. Much longer than you would expect.
I believe an ACH wire transfer takes days. They are playing the float. I spent two days trying to wire money to them and kept getting hit with fees when it got bounced back. We tried again.. I will swallow the fees of the bad wires.. And how rude not to call my bank back after hanging up.. Optionshouse used to be great for ultra cheap rates. For example, I bought a stock on margin and two days later they issued a margin call despite the fact that the stock was up from where I bought it.
I called the margin department and they did not help me any. This makes no sense and is bad for traders. Since they elevated their rates, the inconvenience of their margin department policies are not worth the hassle. I would rather pay a few more dollars per commission and work with a decent common sense margin department.
I am closing my account and moving to another brokerage. Also, their after hours trading is horrible.
Commissions & Fees
They only allow after hours trades for on hour instead of the whole after hours session. Avoid the hassle of Optionshouse. How do I view the level 2 screen in optionshouse? I have a margin account and I am trying to learn trading shares. If you are looking to trade stocks I suggest you use a different broker and pay the little extra commission and get all the extra features.
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Did you have your order as a limit order?