CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trade only with money you can afford to lose.
ENMS
Open a Free Account →

optionsXpress Review

An optionsXpress review and status update: the US options broker's acquisition by Charles Schwab, the 2017 platform shutdown, and the live alternatives to use now.

Open a Free Account →

Min deposit From $10

optionsXpress (also spelled optionXpress, options express or option express) was a well-regarded US online broker (founded 2000) that specialised in options and futures, with a reputation for strong trading tools and education. Charles Schwab acquired it in 2011 and later folded it into the main Schwab platform, retiring the standalone optionsXpress service in 2017 and moving client accounts to Schwab. As a result, you can no longer open a new optionsXpress account — the brand is effectively retired. It was a US-focused broker, so international traders generally could not use it anyway. If you reached this page looking for optionsXpress, the practical answer is that its tools now live within Charles Schwab; international traders who want options on US stocks, or leveraged forex and CFDs, use the live alternatives we review instead.

optionsXpress — status today

optionsXpress — pros & cons

ProsCons
Strong options heritagePlatform retired in 2017
Good education & screenersNo new accounts
Absorbed by reputable SchwabWas US-focused only
Open a Free Account →

optionsXpress — key facts

ItemDetail
Founded2000
FocusOptions and futures
Acquired byCharles Schwab (2011)
Platform retired2017
AccountsMoved to Charles Schwab
New accountsNo longer available

Frequently asked questions

Is optionsXpress still available?
No. optionsXpress was acquired by Charles Schwab and its standalone platform was retired in 2017, with accounts moved to Schwab. You can no longer open a new optionsXpress account.
What replaced optionsXpress?
Its options trading capabilities were absorbed into Charles Schwab, which is the live successor for former optionsXpress clients in the US. International traders use brokers that accept their country instead.
Why do people still search for optionsXpress?
optionsXpress was a popular options broker for years, so the name still attracts searches even though the platform has closed. If you are researching it today, treat it as historical and look at current, regulated alternatives.
What is a current alternative for options or trading?
In the US, Charles Schwab carries the former optionsXpress tools. Internationally, traders who want leveraged forex and CFDs use regulated MetaTrader brokers, while those who want US shares use brokers that accept non-US residents — see our reviews.

Related Trading Digest pages

HomeStormGainLibertexOlymp TradeRobinhood