As we first reported back in May, OptionsHouse and tradeMONSTER are joining forces. We also reported in late June more about what the new company would look like as the Chairman and CEO positions were announced. Now, OptionsHouse has updated its customers further about the changes that are coming. What’s going to be happening for OptionsHouse customers? First of all, the newly merged company has created a Welcome Center for customers to visit that does a nice job of introducing new customers to the changes.
OptionsHouse customers will be moving over to a new more powerful platform. The tradeMONSTER platform has consistently received very high reviews in the StockBrokers.com Annual Online Broker Review. In fact, in the most recent review Blain said, “the platform runs with precision and offers the tools needed to succeed in the market.” The tradeMONSTER platform was named the #1 Platform for New Investors and the #1 Platform for Options Trading. The OptionsHouse trading platform will be shut down.
OptionsHouse customers will now be able to use Recognia pattern recognition and many other charting and technical studies. Most importantly, there will be absolutely no changes to fees for current OptionsHouse customers. Current commission and margin rates will remain the same.
No action is necessary on the part of the customer right now. The transition will occur over the next few months and the newly merged company will continue to provide further updates. Say tuned as StockBrokers.com will keep you up to date!
For the full update click here.