Chicago, IL based OptionsHouse messaged clients today indicating they are increasing stock commission pricing. The current rate of $3.95 per stock trade will become $4.75 per stock trade beginning October 1, 2013. Any current clients will be relieved to know though that they are “grandfathered” into the current $3.95 stock trade rate.
So who does this affect? All new customers with completed applications on or after October 1, 2013. Any accounts funded before the 1st will retain the $3.95 rate. Options trade rates remain unchanged irrelevant of account status.
If you were considering opening an OptionsHouse account, now is the time to do it before the stock trade rates increase $0.80!