OptionsHouse review
OptionsHouse is a Multi-Assets Trading Platform with over 183+ Assets
OptionsHouse is a multi asset platform with 183+ tradable Assets. Assets available on OptionsHouse include Forex trading, CFD trading, Social trading, Share Dealing.
OptionsHouse trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Social trading, Share Dealing are considered financial assets.
Features of OptionsHouse
- Social Trading available
- Copy Trading available
- OptionsHouse offers Advanced Financial Chart comparison tools
- OptionsHouse offers Research-backed analysis on financial markets and investments from top analysts
- The OptionsHouse platform is available to use on multiple devices including and online through a Web Browser.
- OptionsHouse offers a trading platform with tools for both New Traders and Seasoned Experts
- OptionsHouse users benefit from using the OptionsHouse platform in over 15 different languages
OptionsHouse review
What you should know
OptionsHouse offer four ways to trade: Forex trading, CFD trading, Social trading, Share Dealing. The assets and products available to you on the OptionsHouse trading platform depends on the region of the world, you are in and the OptionsHouse entity you have an account.
With OptionsHouse you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with OptionsHouse platform.
OptionsHouse are able to accommodate various levels of traders whether you are experienced or a beginner.
Are OptionsHouse safe?
When considering OptionsHouse for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as OptionsHouse, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2008, and in operation for 16 years OptionsHouse have a head office in United states.
OptionsHouse is regulated. This means OptionsHouse are supervised by and is checked for conduct by the Financial Industry Regulatory Authority (FINRA) regulatory bodies.
OptionsHouse withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like OptionsHouse are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. OptionsHouse are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of OptionsHouse and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. OptionsHouse has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, OptionsHouse will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like OptionsHouse, you can enjoy peace of mind and focus on your trading activities. If OptionsHouse violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with OptionsHouse?
All payments made to OptionsHouse by traders are securely held in a segregated bank account.
OptionsHouse uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should OptionsHouse use them?
OptionsHouse partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their OptionsHouse clients' funds.
OptionsHouse clients can have greater confidence in their financial security when working with a Tier 1 bank because OptionsHouse are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in OptionsHouse deposited in a Tier 1 bank?
Depositing funds with OptionsHouse ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if OptionsHouse were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that OptionsHouse is a secure and safe platform.
Please be aware that trading in financial assets with OptionsHouse carries a risk of loss. OptionsHouse trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
OptionsHouse emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about OptionsHouse, let's closely examine its features.
To better understand the OptionsHouse trading platform, you can create two separate accounts - one with real money and the other a OptionsHouse demo account. A OptionsHouse demo account provides a risk-free environment for experimenting with the OptionsHouse platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in OptionsHouse trading decisions.
Open a demo account Visit OptionsHouse
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How OptionsHouse as a Company Compare Against Other Brokers
Broker | optionshouse | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Year Established | 2008 | 2007 | 2009 | 2007 |
Head Office | United states | Australia | Belize | Cyprus, UK |
Regulation | Financial Industry Regulatory Authority (FINRA) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
Used By | 10,000+ OptionsHouse users | 180,000+ IC Markets users | 1,000,000+ Roboforex users | 30,000,000+ eToro users |
Negative balance protection | Yes | Yes | Yes | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit OptionsHouse | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
OptionsHouse review
OptionsHouse Pros and Cons
OptionsHouse review
OptionsHouse Regulation and Licensing in more detail
OptionsHouse is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of OptionsHouse going into insolvency. OptionsHouse compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like OptionsHouse to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for OptionsHouse traders.
OptionsHouse is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like OptionsHouse you should be sure they're legitimate online agent.
Is OptionsHouse Global?
Yes, OptionsHouse is global as OptionsHouse is available in over 194 countries.
OptionsHouse is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries OptionsHouse covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. OptionsHouse has a total of more than 10,000 users.
OptionsHouse review
OptionsHouse Fees Explained
- OptionsHouse withdrawal fees varies on payment method
- OptionsHouse does charge a fee for inactive accounts.
- OptionsHouse does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from OptionsHouse are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
OptionsHouse Costs To Check
Modern brokers like OptionsHouse provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, OptionsHouse may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall OptionsHouse trading profitability.
How OptionsHouse Fees Compare Against Other Brokers
Broker | optionshouse | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Min Deposit | 0 | 200 | 10 | 100 |
Withdrawal Fees | varies | No | Yes | Yes |
Inactivity Fees | No | No | Yes | |
Deposit Fees | Varies | No | No | |
CFD Commission Fees | Yes | No | Yes |
OptionsHouse Minimum Deposit
OptionsHouse does not require a minimum deposit when opening an OptionsHouse trading account.
In the trading world, brokers like OptionsHouse, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
OptionsHouse Withdrawal Fees
The fees for withdrawing funds from your OptionsHouse account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your OptionsHouse withdrawal request is important.
OptionsHouse Withdrawal rules may vary across different brokers when it comes to transferring funds from your OptionsHouse or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with OptionsHouse may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the OptionsHouse withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from OptionsHouse. Researching and comparing OptionsHouse withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing OptionsHouse funds frequently or dealing with large sums of money. Awareness of these OptionsHouse fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your OptionsHouse funds.
For example, OptionsHouse allows you to withdraw your funds to Credit cards, Skrill, Neteller.
OptionsHouse Inactivity Fees
OptionsHouse does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by OptionsHouse terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all OptionsHouse fees and services. It's recommended that you check the OptionsHouse website before signing up. If you decide to close your OptionsHouse account, it's important to do so with the OptionsHouse broker customer support and obtain confirmation that no remaining OptionsHouse fees are due.
Brokers like OptionsHouse must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
OptionsHouse Deposit Fees
OptionsHouse do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
OptionsHouse Commission Fees
OptionsHouse does charge commission on CFD instruments.
Brokerage firms like OptionsHouse may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the OptionsHouse trading account level held by the trader.
OptionsHouse may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing OptionsHouse terms and conditions to understand the commission fees and any other charges that may apply is essential.
OptionsHouse review
What can you trade with OptionsHouse?
It's essential to note that the trading instruments offered under the OptionsHouse brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the OptionsHouse trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with OptionsHouse over 183 instruments in fact.
If you want to trade currency pairs on global Forex markets, OptionsHouse offer over currency pairs.
OptionsHouse Compared To Other Brokers
Compare OptionsHouse with IC Markets and Roboforex below.
How OptionsHouse Trading Options Compare Against Other Brokers
Broker | optionshouse | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Instruments Available | 183 | 2250 | 100 | 5000 |
Platforms | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 61 | 35 | 50 | |
Major Forex pairs | No | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | No | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | No | Yes | No | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 20 | 21 | 31 |
Metals | No | Yes | Yes | Yes |
Energies | No | Yes | No | Yes |
Agricultural | No | Yes | No | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 2100 | 0 | 2042 | |
UK Shares | Yes | Yes | Yes | Yes |
US Shares | No | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit OptionsHouse
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider. |
OptionsHouse review
Trading on OptionsHouse web platforms and other applications
OptionsHouse provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so 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 trading apps help you stay on top of your trades and execute them on the go.
See OptionsHouse's platformsIs the OptionsHouse Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the OptionsHouse trading platform to protect you on PC and mobile OptionsHouse platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using OptionsHouse web trading platforms.
OptionsHouse Trading Platform Options
After logging into your OptionsHouse account, you'll find a range of trading platform options available below.
- cTrader
Please note that OptionsHouse does not support the popular MetaTrader 4 (MT4) trading platform. However, if you're looking for a broker offering MT4, you can explore other options available through various online platforms here.
Please be aware that OptionsHouse does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
Let's explore each of these trading platforms in detail and what options OptionsHouse gives you.
OptionsHouse review
OptionsHouse cTrader
OptionsHouse cTrader In Detail
OptionsHouse cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.
OptionsHouse offers cTrader Premium Charting and Manual Trading Platform
OptionsHouse cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, OptionsHouse level II pricing, and fast execution. The OptionsHouse cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for OptionsHouse traders.
cTrader Copy available on OptionsHouse
OptionsHouse cTrader Copy empowers everyone on the OptionsHouse platform to share their investment and trading strategies for a fee or commission. OptionsHouse cTrader users can search and replicate the approaches available when investing. Furthermore, OptionsHouse traders can use their risk management configurations.
cTrader Automate available on OptionsHouse
cTrader Automate allows OptionsHouse traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the OptionsHouse cTrader IDE, which allows developers to optimize and test their financial robots.
cTrader Open API available on OptionsHouse
Build your OptionsHouse trading software using cTraders Open API. It is a free, secure and publicly available API for all. OptionsHouse developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows OptionsHouse trading developers to interact and interface with any OptionsHouse cTrader account.
OptionsHouse Trading benefits
- OptionsHouse Low min deposit
OptionsHouse Trading Accounts Offered
Below we give an overview of the account types that OptionsHouse offer. Whatever you are looking to trade, the varying OptionsHouse account types will be able to provide you with what you need.
- OptionsHouse Islamic account
Can I try OptionsHouse?
OptionsHouse provides a demo account that enables individuals to explore trading before investing their funds. By creating a OptionsHouse practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the OptionsHouse demo account can help individuals to make informed decisions before investing their money.
Open a demo OptionsHouse account to practice and trade.
Your capital is at risk
OptionsHouse withdrawal and funding methods
It's essential to remember that the payment methods provided by OptionsHouse vary based on the OptionsHouse entity and the OptionsHouse client's country of residence. To view the OptionsHouse payment options available, you can log into your OptionsHouse member's area.
OptionsHouse offers various funding payment methods listed in your OptionsHouse dashboard if available in your region. To learn more about the OptionsHouse funding and withdrawal options available in your area, you can explore the OptionsHouse website.
OptionsHouse provides several payment methods for funding your OptionsHouse account. You may utilize any of these deposit options if they are available in your region. OptionsHouse ensures that users have multiple payment methods to choose from, making it more convenient for verified OptionsHouse account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the OptionsHouse user's location. learn more about OptionsHouse funding and withdrawal methods.OptionsHouse Payment Methods
Some OptionsHouse payment methods are local and are available only to specific regions. OptionsHouse account holders should check which payment methods are provided in your region.- OptionsHouse accepts Credit cards
- OptionsHouse accepts Skrill
- OptionsHouse accepts Neteller
Broker | optionshouse | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Bank transfer | No | Yes | Yes | Yes |
Credit Cards | Yes | Yes | Yes | Yes |
Paypal | No | Yes | No | Yes |
Skrill | Yes | Yes | Yes | Yes |
Payoneer | No | No | Yes | No |
Neteller | Yes | Yes | Yes | Yes |
*please note available OptionsHouse and other broker payment methods depend on the clients country of residence.
How can I start trading with OptionsHouse?
To open a trading account with OptionsHouse, individuals can sign up on the OptionsHouse website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for OptionsHouse account validation and making a deposit. Once completed, OptionsHouse users can download the trading platform of their choice.
It's important to note that OptionsHouse requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps OptionsHouse maintain a trustworthy financial environment for its 10,000 users. Detailed information on the OptionsHouse trading platforms is available on their website.
Your capital is at risk
Performing trades with OptionsHouse
When using OptionsHouse, the minimum trade size is typically 4.95 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. OptionsHouse have a max trade of varies.
OptionsHouse, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like OptionsHouse can be useful for traders starting or with limited capital.
Like other brokers, OptionsHouse margin requirements can differ depending on the traded instrument.
CFD Trading on OptionsHouse
We will show you an example of the basics of using OptionsHouse leverage.
CFD trading on OptionsHouse allows traders to speculate on the price movements of various financial instruments against the broker OptionsHouse, without actually owning real assets. With CFDs, OptionsHouse traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
OptionsHouse provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, OptionsHouse leverage profits and losses are magnified when trading. For instance, using CFDs, you use the OptionsHouse trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, OptionsHouse leverage magnifies both profits and losses in trading.
Trading CFD trades on the OptionsHouse platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced OptionsHouse traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at OptionsHouse
To trade effectively with OptionsHouse, it's important to have a good understanding of the OptionsHouse trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with OptionsHouse and externally.
OptionsHouse . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with OptionsHouse. Familiarizing yourself with the OptionsHouse trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using OptionsHouse. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with OptionsHouse involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like OptionsHouse, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with OptionsHouse. Explore the OptionsHouse platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with OptionsHouse, before live trading.
Customer Support at OptionsHouse
As part of our OptionsHouse review, we review customer service options, response times and problem resolution effectiveness on the OptionsHouse trading platform. The OptionsHouse trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
OptionsHouse Available Support Types
Based on our experience, we have given OptionsHouse a D grade for customer support. We encountered some slow response times or OptionsHouse queries that were left unanswered.
Compared to other brokers, OptionsHouse offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at OptionsHouse
Our team tested the live chat support of OptionsHouse and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
In addition, we tested OptionsHouse support services in various countries and languages and found that OptionsHouse were able to effectively resolve our customer issues.
Email Support at OptionsHouse
OptionsHouse does not offer Email Support.
Phone Support at OptionsHouse
We contacted OptionsHouse via phone and received quick assistance within 10 minutes of our call.
The OptionsHouse phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by OptionsHouse and found that they could assist us in various languages.
While we found the OptionsHouse phone support satisfactory, there is room for improvement in response time.
See how OptionsHouse Support Compares Against Other Brokers
Broker | optionshouse | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Support |
|
|
|
|
Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
Learn More | Visit OptionsHouse | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with OptionsHouse
As OptionsHouse is regulated by Financial Industry Regulatory Authority (FINRA).
As a new client of OptionsHouse, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with OptionsHouse in your region. During the OptionsHouse account opening process, you will be asked to provide OptionsHouse with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with OptionsHouse have the following documents available.
- OptionsHouse require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for OptionsHouse compliance. This must be dated within the last six months.
- If you plan to fund your OptionsHouse account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the OptionsHouse platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under OptionsHouse Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring OptionsHouse's platform.
However, remember that you won't be able to make trades on OptionsHouse until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the OptionsHouse KYC compliance process as soon as possible to avoid any delays in accessing the OptionsHouse platform's features.
It is important to note that OptionsHouse may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the OptionsHouse platform and features immediately. However, you must pass the verification process to start live trading with OptionsHouse, which can take up to a few business days.
To start the process of opening an account with OptionsHouse you can visit the OptionsHouse trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.stockbrokers.com/ on March 26, 2024.
Is OptionsHouse A Good Broker?
We have spent over 5 years examining OptionsHouse in depth. Although we found some very useful aspects of the OptionsHouse platform that would be useful to some traders. We feel that a alternative to OptionsHouse may better suit you.
- OptionsHouse have a good track record of offering Forex trading, CFD trading, Social trading, Share Dealing.
- OptionsHouse has a history of over 16 years.
- OptionsHouse has a reasonable sized customer support of at least 10.
- OptionsHouse are regulated by the Financial Industry Regulatory Authority (FINRA). OptionsHouse is subject to strict regulatory oversight from its respective jurisdiction, which holds OptionsHouse (the broker) accountable for misconduct. This regulatory framework helps ensure that OptionsHouse operates fairly and transparently and provides OptionsHouse customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and OptionsHouse.
- OptionsHouse have regulation from reputable regulators.
- One of the advantages of using OptionsHouse is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from OptionsHouse are particularly important as OptionsHouse traders want to receive their money quickly. With the efficient OptionsHouse payment processing system, traders can enjoy faster access to their OptionsHouse funds.
- OptionsHouse have an international presence in multiple countries. Including local OptionsHouse seminars and training.
- OptionsHouse can hire people from various locations in the world who can better communicate in your local language.
OptionsHouse Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
OptionsHouse not quite right?
If after reading this OptionsHouse review, OptionsHouse does not fulfill your needs check out these OptionsHouse Alternatives.
Click here to view the best OptionsHouse Alternatives
We have spent years researching the best alternatives to OptionsHouse. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective OptionsHouse alternatives available today. If you are unsatisfied with OptionsHouse or want to explore other options, we recommend checking out our carefully curated list of highly-rated OptionsHouse alternatives. Follow the links below to learn more about these OptionsHouse broker alternatives and choose the one that best suits your trading needs.
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Related OptionsHouse Vs Comparisons
Throughout our comprehensive OptionsHouse review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing OptionsHouse against other popular brokers in the industry, check out our OptionsHouse Vs pages. Our team has compiled a series of detailed OptionsHouse comparison articles, pitting the OptionsHouse platform against some of the best-rated OptionsHouse competitors in the market. Dive into our informative OptionsHouse Vs pages below to find out how OptionsHouse stacks up against other leading brokers.
- OptionsHouse vs ICMarkets
- OptionsHouse vs Roboforex
- OptionsHouse vs eToro
- OptionsHouse vs XTB
- OptionsHouse vs XM
- OptionsHouse vs Pepperstone
- OptionsHouse vs AvaTrade
- OptionsHouse vs FPMarkets
- OptionsHouse vs NordFX
- OptionsHouse vs easyMarkets
- OptionsHouse vs SpreadEx
- OptionsHouse vs FxPro
- OptionsHouse vs Plus500
- OptionsHouse vs AdmiralMarkets
- OptionsHouse vs ThinkMarkets
- OptionsHouse vs FXPrimus
- OptionsHouse vs Trading212
- OptionsHouse vs ForexMart
- OptionsHouse vs Eightcap
- OptionsHouse vs ForTrade
- OptionsHouse vs InteractiveBrokers
- OptionsHouse vs Forex.com
- OptionsHouse vs IG
- OptionsHouse vs Robinhood
- OptionsHouse vs Coinbase
- OptionsHouse vs Binance
- OptionsHouse vs ETXCapital
- OptionsHouse vs CoreSpreads
OptionsHouse review
OPTIONSHOUSE Frequently Asked Questions
Read our detailed OptionsHouse FAQ Section updated for 2024.
Can I try OptionsHouse?
OptionsHouse do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do OptionsHouse accept?
Please note that the list of payment methods below depends on the OptionsHouse Entity and the client's Country of Residence.
OptionsHouse offer the following funding payment methods Credit cards, Skrill, Neteller, among other payment methods.
Learn more here
Is OptionsHouse safe?
OptionsHouse have over 10,000 users. OptionsHouse are considered reliable as they are regulated by and checked for conduct by the Financial Industry Regulatory Authority (FINRA). Any payments funded to OptionsHouse accounts by traders are held in a segregated bank account. For added security,OptionsHouse use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with OptionsHouse is risky, and because the market is so volatile, losses could happen at any time. Do not invest with OptionsHouse unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is OptionsHouse trading good?
OptionsHouse is considered good and reputable to trade with OptionsHouse. OptionsHouse is used by over 10,000 traders and OptionsHouse users. OptionsHouse offers Forex trading, CFD trading, Social trading, and Share Dealing trading. Minimum deposit with OptionsHouse is 0.
Is OptionsHouse trading Legit?
OptionsHouse was founded in United states in 2008. OptionsHouse has been facilitating trade on the financial markets for over 16 years. OptionsHouse offers clients Forex trading, CFD trading, Social trading, and Share Dealing trading. All funds deposited to OptionsHouse are held in segregated bank accounts for security. OptionsHouse is regulated by Financial Industry Regulatory Authority (FINRA) so can be considered legit.
Is OptionsHouse a good broker?
OptionsHouse allows Forex trading, CFD trading, Social trading, and Share Dealing trading. OptionsHouse is overseen by the top tier financial regulators Financial Industry Regulatory Authority (FINRA) so can be considered a good broker.
Is OptionsHouse trustworthy broker?
OptionsHouse is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to OptionsHouse, money is in a segregated bank account that is separate from OptionsHouse company's funds. As a regulated broker, OptionsHouse cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by OptionsHouse. Instead, your OptionsHouse funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with OptionsHouse. Also OptionsHouse is regulated in its local jurisdictions including major financial regulators like Financial Industry Regulatory Authority (FINRA).
What is the minimum deposit for OptionsHouse?
The minimum deposit to trade with OptionsHouse is 0.
How long do OptionsHouse withdrawals take?
Withdrawing money from OptionsHouse processing time varies depending on the method but averages 1-5 days.
Is OptionsHouse regulated?
OptionsHouse is regulated by the Financial Industry Regulatory Authority (FINRA). Regulatory bodies conduct regular reviews and audits as part of OptionsHouse maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is OptionsHouse a market maker?
OptionsHouse is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
How can I start trading with OptionsHouse?
When opening a trading account with OptionsHouse, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on OptionsHouse trading platforms, you can follow the link provided below: Learn more about signing up with the OptionsHouse trading platform here. This will provide useful information and insights into the various trading platforms offered by OptionsHouse, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with OptionsHouse?
Yes your money is safe with OptionsHouse.
Overall, strict financial regulation is essential for ensuring that trading platforms like OptionsHouse operate fairly, transparently, and responsibly, which ultimately benefits all OptionsHouse stakeholders involved.
Trading platforms like OptionsHouse must have strict financial regulation for several reasons:
- Protecting OptionsHouse Investors: Strict financial regulation ensures that investors who use the OptionsHouse trading platform are protected against fraudulent or unethical behavior by the OptionsHouse platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the OptionsHouse platform.
- Maintaining OptionsHouse Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the OptionsHouse trading platform. Regulatory procedures reduce the likelihood of the OptionsHouse platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing OptionsHouse Transparency: Regulations require trading platforms like OptionsHouse to maintain detailed records and disclose OptionsHouse client information. Financial regulatory requirements enhances transparency and helps to build trust between the OptionsHouse platform and its investors.
OptionsHouse is regulated by the Financial Industry Regulatory Authority (FINRA). When selecting a broker such as OptionsHouse, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, OptionsHouse ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like OptionsHouse.
Is OptionsHouse a con?
OptionsHouse is regulated and well established, having been in business for over 16 years. OptionsHouse is not a con.
Can you make money with OptionsHouse?
Although traders have had great success with OptionsHouse, trading on the financial markets with OptionsHouse is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does OptionsHouse have fees?
OptionsHouse withdrawal fees vary on payment method.OptionsHouse does charge a fee for inactive accounts. OptionsHouse do charge deposit fees.
When was OptionsHouse founded?
OptionsHouse was founded in 2008.
How many people use OptionsHouse?
OptionsHouse is used by over 10,000 registered OptionsHouse users.
What is OptionsHouse Headquarters country?
OptionsHouse has its head quarters office in United states .
Does OptionsHouse offer negative balance protection?
OptionsHouse does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does OptionsHouse offer guaranteed stop loss?
OptionsHouse does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does OptionsHouse allow scalping?
OptionsHouse does not offer scalping.
Does OptionsHouse allow hedging?
OptionsHouse does not offer hedging.
Does OptionsHouse offer CFD trading?
OptionsHouse offers CFD trading.
Does OptionsHouse offer STP?
OptionsHouse does not offer STP trading.
How many people use OptionsHouse?
OptionsHouse is used by over 10000 OptionsHouse users and traders.
Is OptionsHouse an ECN broker?
OptionsHouse does not offer ECN trading.
Does OptionsHouse offer a demo account?
OptionsHouse does not offer demo account.
Does OptionsHouse offer an Islamic account?
OptionsHouse offers an Islamic account.
What are the funding methods for OptionsHouse?
Please note that funding methods and options available with OptionsHouse can be found in the OptionsHouse Members area and depend on the OptionsHouse client’s country of residence. Please check your specific available payment methods on the OptionsHouse website. OptionsHouse accept the following funding methods : Credit cards, Skrill, Neteller.