- As optionsXpress accounts are protected by the Securities Investor Protection Corporation (SIPC), up to $500,000 (including up to $100,000 for cash claims), Account holders are not guaranteed the extra losses if the losses caused by the financial failure of the broker-dealer exceed more than $500,000.
- The world is full of all kinds of analytical tools for stock market's evaluation. So the online tools that are currently provided by optionsXpress might not fully and accurately enhance evaluation but only to a certain extent. Afterall, account holders-investors have to depend on their experience and their knowledges of using more analytical tools, other than the ones provided by optionsXpress, to help themselves in evaluating and making their own investment decison. Any account holder-investor who is using only the analytical tools provided by optionsXpress might make inaccurate investment decision and end up losing money.
- Even if the firm uses high-tech online security, accounts can be hacked if the account holders are careless and open phlishing emails that steal their account login details and do hacked trading.
- This website might not appeal to everyone since it does not provide services in multi-languages. Unlike IG Markets (http://www.igmarkets.com.sg/?QPID=404&QPPID=1) where the site provides Simplified Chinese and Traditional Chinese and AVA FX Online Trading Center (http://www.avafx.com/Forex/) where the site provides 12 different languages such as English, Francais, Italiano, Deutsch, Espanol, Portugues, Arab, Chinese, Japanese, Indonesian etc. This pitfall for optionsXpress may cause them to lose customers in the long run as customers prefer sites that cater to their language preference to do their online trading. The following 2 screenshots are pictures showing the sites of IG Market and AVA FX Online Trading Center:
IG Market
AVA FX Online Trading Center
