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optionsXpress Australia
Features: The site offers easy to use screens including strategy scanners, streaming charts and data, multi-leg option order entry and conditional orders. Account opening is a breeze online and customer service is available during US market hours (via Live Help) or during Australian business hours. There are no subscription or sign up fees. Trading: Orders can be entered 24 hours a day/7 days a week on custom designed order screens that include stocks, options, spreads and covered calls. Conditional orders can be added including trailing stops, one-triggers-other and one-cancels-other. Real time streaming data and charts are available at no cost, along with price alerts, watch lists, customisable account and position information, emailed trade confirms and access to LEAP options. Additional Services: Online paper trading, theoretical option pricer, volatility and stock charts, streaming data and charts, strategy scanner, options and stock screeners and trade calculators. Options Service: US$1.50 per contract (10+ contracts) or US$14.95 minimum per trade (including GST). No hidden fees. Each leg of a spread represents a trade. For more information, please see the optionsXpress Australia Commission Schedule or email them at info@optionsxpress.com.au. Stocks: US$14.95 up to 1,001 shares or US$0.015 per share at 1,001 shares and over (including GST). Account Minimum: No account minimum applies for a trading account. To trade using a margin account, a minimum of US$2,000 is required. There are no subscription fees or account set up costs. Quotes: Real time quotes, real time option chains and streaming data and charts are free and unlimited. Miscellaneous: optionsXpress Australia is web based and requires a browser (IE 5.0/AOL 6.0 or higher is recommended). Web orders are preferred, but there is no additional fee for telephone orders. Neither optionsXpress Australia nor optionsXpress has recorded any major system failures to date. Risk Disclosure: Online trading has inherent risks due to market conditions, system performance and other factors. Please read Characteristics and Risks of Standardized Options and “Understanding Options Trading” published by the Australian Stock Exchange and available from www.asx.com.au. |