What happened to optionsXpress?

What happened to optionsXpress?

The optionsXpress site has been retired. For questions about your former optionsXpress account, please contact us at 800-435-9050.

Who bought out optionsXpress?

Charles Schwab Corp.
(Crain’s) — OptionsXpress stock jumped more than 16% on the news it will sell itself to financial services giant Charles Schwab Corp. in a deal the companies value at about $1 billion.

When did Schwab buy optionsXpress?

March 2011
Because of this broker’s success, it was acquired by Charles Schwab (SCHW) in March 2011.

Does Charles Schwab offer portfolio margin?

Charles Schwab does not offer portfolio margin. Options Xpress (acquired by Charles Schwab in 2011) focuses on options and futures trading and offers portfolio margin. Their minimum account size requirement for a portfolio margin account is $100,000.

Does Schwab automatically exercise?

To do this, you provide exercise instructions to Schwab. When the transaction settles, Schwab will automatically use funds from your brokerage account to pay the aggregate option cost (the exercise price times the number of shares) to your employer, as well as any taxes.

What happened investools?

INVESTOOLS REPLACEMENT IS RIGHT HERE. So, Investools was closed down by TD Ameritrade. Lots of people are complaining about being left out in the dark. Well, we are here to say, “Don’t worry because it’s truly a blessing for you.”

Does TradeStation have a mobile app?

The TradeStation Mobile iOS and Android apps are available on the Apple and Google App Stores. Traders without an account can freely download and preview the TradeStation Mobile App. And trust us – you’re going to like it.

Does Schwab limit day trades?

Day trading at Schwab Each day’s maximum DTBP is fixed as of the prior night’s market close. However, if you are pattern day trader with an outstanding day trade margin call, you must limit the total cost of all day trades for the entire day to within the DTBP figure reflected at the start of the day.

Does Charles Schwab loan money?

Margin Loans from Charles Schwab & Co., Inc. Borrow against your portfolio to buy securities or for quick access to cash for shorter-term needs. Get a competitive rate and flexible repayment schedule with no setup fees.

Is optionsXpress a good brokerage?

Besides their standard brokerage account, OptionsXpress also offers, custodial accounts, trusts, and IRA’s. This broker has a wide variety of really neat web-based research tools. For example, Idea Hub is a useful tool that helps traders identify option trade possibilities.

How much does optionsoptionsxpress cost?

OptionsXpress promises their customers no hidden fees, and they deliver. Trading stocks and ETF’s carries an $4.95 charge. Placing the trade over the phone with a live broker surprisingly costs nothing extra. Options are $1.50 per contract with a $14.95 minimum.

Is optionsXpress free to trade on?

The OptionsXpress Trading Platform OptionsXpress offers a very user-friendly trading platform for free. Traders can access the platform either from their desktop or directly via their browser. The broker also offers mobile access for iPads, iPhones, Blackberries and Android based phones as well as non-smart units.

What is optionsXpress virtual trading?

To allow new traders to acclimate themselves with the system as well as to learn more about trading options, OptionsXpress offers a fully functional virtual trading system. In other words, traders can open positions with virtual cash and trade in real market conditions.