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March 29, 2017

OptionsHouse Promotion Codes

$4.95 stock trades and low fee options trading

OptionsHouse is currently offering five promotions. Read our in-depth review of OptionsHouse to see why OptionsHouse scored 4.3 stars out of 5. We like their low fees, trading platform, and extensive options tools.

    Trade Free for 60 Days

    Limited-time offer for new customers. You must fund your account $5,000 within 60 days of account opening. New accounts receive up to 100 commission-free online trades for Internet stocks or options.


    $1,000 in Commission-Free Trades for 60 Days

    Open a new Individual, Joint, or IRA account with a minimum of $5,000. You’ll get up to $1,000 worth of commissions to use within 60 days on trades for stocks or options.

    Expires 6/30/2017

    $100 ACAT Cash Credit

    Transfer your stock, option, or mutual fund holdings to OptionsHouse via an ACAT (account transfer) and get up to a $100 cash credit to cover any transfer fees. This special offer is limited to new customers transferring an account from another broker in the amount of $5,000 or more. Customer must complete the full transfer from another brokerage within 30 days of completing the application. To receive the credit, contact customer service and mention the "$100 ACAT Cash Credit" offer.


    Refer a Friend to Earn $150 Amazon Gift Card* or 30 Commission Free Trades

    Refer your friends to earn either a $150 Gift Card* or 30 commission free trades when your referral opens and funds an account with $1,000 or more within 60 days. Plus, they will get 100 commission free trades. *Other trading and account fees may apply. See terms and conditions.


    $25 Wire Transfer Cash Credit

    Use a wire transfer to fund a new account with at least $5,000 and get a $25 cash credit to cover the fees for your wire transfer to OptionsHouse. To receive this credit, contact customer service and mention "$25 Wire Transfer Cash Credit" promotion. The reimbursement will be made as a credit within 60 days.

OptionsHouse Deals and Special Offers

OptionsHouse is one of the most competitive online discount brokers on the market, with low fees, a sophisticated trading platform, and real-time research tools.

It’s a great value for beginner traders but also has the in-depth tools needed by extremely active traders. But don’t open an account until you read our best tips and tricks on the best way to use OptionsHouse as your preferred trading platform.

How to Get the Best Deals at OptionsHouse

  1. Take advantage of the introductory promotion. When you open and fund a new account with OptionsHouse, you can enjoy commission-free trading for 60 days. You’ll need to deposit at least $5,000 to qualify, but then you can execute up to 100 equity or options trades for free for 60 days.

  2. Deposit at least $5,000. You can earn $1,000 in free commissions when you open an account and deposit a minimum of $5,000. This is a great deal if you have the cash and are ready to start actively trading online.

  3. Check for promo codes. OptionsHouse often has other sign-up codes available, so it’s worth checking this page to see if there are any available that you qualify for.

  4. Refer a friend. Like other online discount brokers, OptionsHouse rewards you for bringing in new traders. Once a friend signs up with a minimum of $1,000 in the first 60 days, you can choose between 30 commission-free trades or a $150 Amazon gift card.

When to Use OptionsHouse

  • As soon as you want to start trading. OptionsHouse is great for expert traders, but it’s also an ideal platform for beginners who don’t want to start off with a lot of cash. That’s because there’s no minimum account balance, no annual fee, and no penalty for inactivity. So even if you don’t end up making a single trade, you can still enjoy a account. Unlike other online brokers, you also get full access to OptionHouse’s research tools, regardless of your investment level.

  • If you want to practice first. If you’re new to trading, you can get accustomed to it before actually committing any cash by using paperTRADE. With this program, you can make practice trades through the actual trading platform to track your progress before moving on to real trades from your actual account.

After Your Purchase

  • Try out tradeLAB. TradeLAB is a relatively new platform that allows you to view a profit-loss-breakeven snapshot all on one screen. You can also input different trading scenarios to view the probability of any profit.

Best Things to Trade at OptionsHouse

  • Stocks. It costs just $4.95 per trade for stocks, which is one of the lowest fees you’ll encounter among discount brokers.

  • Options. Like stocks, options only cost $4.95 plus $0.50 per contract. That’s one of the lowest trading fee available for trading options today.

Why You Might Look Elsewhere

  • Forex. OptionsHouse does not offer any forex (foreign exchange) trading, so you can’t make those a part of your investment strategy with this broker.

  • ETFs. There are only 5 commission-free ETFs available through OptionsHouse, while some brokers have more than 100.

  • Mutual Funds. With a $20 fee for each mutual fund trade, OptionsHouse has one of the higher fees for mutual fund transactions amongst its competitors.

Disclaimer: Opinions expressed here are those of the author's alone. Please support CreditDonkey on our mission to help you make savvy financial decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

    More Information

  • Pricing information from published website as of 01/26/2015
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
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Benefits and Features

Stock Trading
$4.95 per trade
$4.95 per trade
Options Trading$4.95 + $0.50 per contract (only one base charge per spread, straddle, or combo)$4.95 base + $0.65 per contract (only one base charge per spread)
Mutual Fund Trading
$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
Commission Free ETFs
5 from O'Shares
Penny StocksAdditional fee of $0.005 per share of stock traded for stocks priced $2.00 or less that are not options eligible.$0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. Minimum investment of $100 per order in OTCBB and Pink Sheet stocks.
Broker Assisted Trades
$25 + Regular Commissions
$20 + Regular Commission
Inactivity Fee
$50 annual charge if you have not made any trades in the last 12 months and the combined household value of your accounts is less than $2,500
Maintenance Fee
Minimum Deposit$0 minimum funding level to open a new account.
$2,000 minimum funding for a margin account
$2,000 account minimum to establish checking writing privileges and $10,000 account minimum to establish debit card privileges
Mobile App
Forex Trading 
Futures Trading
Customer Service
(877) 598-3190
(877) 495-5464 (Monday to Friday 8am to 6pm Eastern)
Online Community Trader Network to connect with other investors
Trading webinars
Virtual Trading
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

OptionsHouse: Pricing information from published website as of 01/26/2015

TradeKing: Pricing information from published website as of 01/19/2015

Articles on OptionsHouse


    September 27, 2014 - By Ross Frasier - Reviews for OptionsHouse
    OptionsHouse is one of the lesser known online brokerages, but we think it deserves attention. Read our in-depth review to see if it's right for you.

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About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: The card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.