optionsXpress currently has five promotions (see optionsXpress review), but their primary bonus offer is getting $100 when you sign up. As their name implies, they are focused more on the advanced trader.
Once again in 2012, optionsXpress was rated 4 out of 5 stars by Barron’s as the best for options traders, and 4 out of 5 stars for best with international traders. However, from the Smart Money’s 2011 broker survey, they were rated the worst in commission and fees. OptionsXpress was bought by Charles Schwab in 2011 but still retains the name as a separate brand.
For any of the offers listed, no promo code is needed. Just click on the selected button and sign up.
For terms and conditions on each offer, please visit the respective URLs.
- optionsXpress $100 Signup Promotion
- optionsXpress Free Practice Trading Account
- optionsXpress Free Account Transfers
- optionsXpress Free Investment Book
- optionsXpress Free Investor’s Business Daily Subscription
optionsXpress $100 Signup Promotion
This is their most popular promotion. Deposit or transfer at least $500 to a new account, make at least 3 trades within the first 12 months, and you’ll get $100. This promotion ends on December 31, 2013. This offer is only available to new customers of optionsXpress. IRAs, other tax-exempt, linked, or shared accounts are not eligible to receive the bonus offer.
optionsXpress Free Practice Trading Account
Sign up with optionsXpress at no cost to you to test out your trading skills. If you are just starting, why risk using real money to test out your skills? Once your account is open, they will give you $25,000 in virtual money to trade. Test your strategies and ideas to see how they work under actual market conditions with basic and advanced options tools. It’s also a great way to test out their tools before depositing any money.
optionsXpress Free Account Transfers
Move your account from your existing stock broker, and optionsXpress will pay for fees incurred for closing out your old brokerage account. OptionsXpress wants to make the transfer process simple and will credit your account. To apply for the credit you must follow their sign up process.
- Create a new account with optionsXpress
- Login in, fill out the account transfer form, and print it out
- Mail the transfer form to optionsXpress, along with a copy of your previous stock broker statement.
- Request a reimbursement. You do this by faxing your transfer reimbursement form, along with proof of transfer fee from your old discount broker. OptionXpress fax number is (312) 629-5256.
optionsXpress Free Investment Book
Choose from 15 investment books. Get one of the investment books such as: Market Wizards, Trade To Win, or An Investor’s Guide To Trading Options by the Wall Street Journal.
optionsXpress Free Investor’s Business Daily Subscription
Get a free 13 month subscription to eIBD (Investor’s Business Daily Online subscription). Normally the subscription retails for $259/year. The subscription is available via web browser, and now via Apple’s iPad. To qualify you must deposit at least $5,000 in cash, or marketable securities within 14 days. The deposit must come from a financial institution other than optionsXpress. You also must make 5 trades within 3 months of the new account funding.
It appears this offer is only available by calling in, and not available online. You must call 1-888-280-0154. If this changes, I will update this page. The offer is mentioned in their latest commercial that is shown below. OptionsHouse offers a similar promotion.
optionsXpress Promo Code 2013 is from Investor Junkie Copyright © Empowering Media, Inc.