OptionsHouse Review 2020

OptionsHouse General Fees

• OptionsHouse withdrawal fees varies on payment method
• OptionsHouse does charge inactivity fees
• OptionsHouse does charge deposit fees

Broker	optionshouse	eToro	XTB	Pepperstone
Min Deposit	0	200	0	200
Withdrawl Fees	varies	Yes	varies	No
Inactivity Fees		Yes	No	Yes
Deposit Fees		No	No	No
CFD Commission Fees		No	Yes	Yes

OptionsHouse Commissions

• OptionsHouse does charge commission on CFD instruments.

Trading on OptionsHouse web platforms and other applications

OptionsHouse offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

OptionsHouse is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

OptionsHouse also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

OptionsHouse Trading benefits :

• Low min deposit

OptionsHouse Trading Accounts Offered :

• Islamic account

Can I try OptionsHouse before I buy?

OptionsHouse offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

OptionsHouse withdrawl and funding methods.

OptionsHouse offer the below funding payment methods. learn more about OptionsHouse

• Credit cards
• Skrill
• Neteller

Broker	optionshouse	eToro	XTB	Pepperstone
Bank transfer	No	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	No	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes

How can I start trading with OptionsHouse?

When opening a trading account with OptionsHouse, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on OptionsHouse trading platforms here.

Performing trades with OptionsHouse

OptionsHouse allow you to execute a minimum of trade of 4.95. This may vary depending on the account you open. OptionsHouse allow you to execute a maxium trade of varies.

As a market maker, OptionsHouse may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

OptionsHouse Leverage and OptionsHouse CFDs Explained

let's take a look at some of the basics of using OptionsHouse leverage.

OptionsHouse offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

OptionsHouse leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the OptionsHouse trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The OptionsHouse leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

OptionsHouse CFDs are typically used for short to medium term trades. For example OptionsHouse intraday trading.

Education resources at OptionsHouse

To trade effectively with OptionsHouse, it's important to get a have a good understanding of the OptionsHouse trading tools and the markets.

OptionsHouse offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with OptionsHouse.

Take time to look around the OptionsHouse platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at OptionsHouse

OptionsHouse support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

OptionsHouse have a D grade support rating because because sometimes the response was slow or our query wasnt answered. OptionsHouse less customer support features compared to other brokers like live chat, phone and email support. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at OptionsHouse

We tested the OptionsHouse live chat and it works well. We sent messages to OptionsHouse livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with OptionsHouse support in multiple languages in multiple countries. OptionsHouse where able to resolve our customer issues.

Email Support at OptionsHouse

OptionsHouse does not offer Email Support.

Phone Support at OptionsHouse

We called OptionsHouse and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The OptionsHouse phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual OptionsHouse team by calling in varying languages. OptionsHouse made an effort to make sure our queries were answered.

Overall the phone support from OptionsHouse was okay.

See how OptionsHouse Support Compares Against Other Brokers

Broker	optionshouse	eToro	XTB	Pepperstone
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More	Visit OptionsHouse	Visit eToro	Visit XTB	Visit Pepperstone
Risk Warning	Your capital is at risk	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with OptionsHouse

As OptionsHouse is regulated by Financial Industry Regulatory Authority (FINRA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore OptionsHouse's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with OptionsHouse you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.stockbrokers.com/ on 12th August 2018.

OptionsHouse review written by Andrew Blumer and Mark Hansen