When was optionsXpress founded?

optionsXpress was founded in 2000 and raised its 1st funding round 4 years after it was founded.

Where is optionsXpress located?

optionsXpress is headquartered in Chicago, United States.

How many employees does optionsXpress have?

As of May 31, 2026, the latest employee count at optionsXpress is 75.

Is optionsXpress a funded company?

optionsXpress is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Jan 15, 2004.

When was the latest funding round of optionsXpress?

optionsXpress' latest funding was a $***** Series A round on Jan 15, 2004, with participation from 1 investor. Its primary sector is Investment Tech. In United States, the Investment Tech sector has seen $4.05B in funding in 2026 to date.

Where does optionsXpress rank among its competitors?

optionsXpress ranks 71st amongst 206 active competitors, of which 18 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Pluang, which secured $10M in May, 2026.

Who are the top competitors of optionsXpress?

optionsXpress' top competitors include Groww, Freetrade and Upstox. Among them, Pluang secured the most recent funding round in May, 2026.

optionsXpress - 2026 Company Profile, Team, Funding & Competitors

optionsXpress is an acquired company based in Chicago (United States), founded in 2000 by Jim Gray and Ned Bennett. It operates as a Trading platform for multiple assets. optionsXpress has raised an undisclosed amount in funding. The company has 206 active competitors, including 18 funded and 32 that have exited. Its top competitors include companies like Groww, Freetrade and Upstox.

Company Details

OptionsXpress is a trading platform for options, stocks, futures, mutual funds, and fixed-income investments. Its browser-based technology provides trading tools, enabling investors to identify, analyze, and execute a range of investment strategies. Virtual Trade, optionsXpress' virtual trading platform, gives customers the ability to test trading strategies and ideas under real market conditions, without putting real money on the line.

Website: optionsxpress.com
Social
Phone Number: +1 **********

Key Metrics

Founded Year

2000

Location

Chicago, United States

Stage

Acquired

Latest Funding Round

Series A, Jan 15, 2004, $*****

Investors

Summit Partners & 2 more

Ranked

71^st among 206 active competitors

Employee Count

75 as on May 31, 2026

Similar Companies

Groww & 279 more

Exit Details

Acquired by Charles Schwab (Mar 21, 2011)

View optionsXpress' full profile

optionsXpress got acquired by Charles Schwab on Mar 21, 2011 at an acquisition amount of $*****.

Click here to take a look at optionsXpress's acquisition in detail

optionsXpress has raised funding over 1 round. Its latest funding round was a Series A round on Jan 15, 2004 for $*****. 1 investor participated in its latest round. optionsXpress has 3 institutional investors.

Here is the list of recent funding rounds of optionsXpress:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 15, 2004	6664688	Series A	4163968	8843719	9681311	3395280

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View details of optionsXpress's funding rounds and investors

The founders of optionsXpress are Jim Gray and Ned Bennett.

Here are the details of optionsXpress' key team members:

Jim Gray: Co-Founder of optionsXpress. They serve on the board of 1 company.
Contact Info: 1 email address
Ned Bennett: Co-Founder of optionsXpress.
Contact Info: 1 email address

View details of optionsXpress's Founder profiles and Board Members

optionsXpress' employee count trend

optionsXpress has 75 employees as of May 26. Here is optionsXpress's employee count trend over the years:

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Top competitors of optionsXpress include Groww, Freetrade and Upstox. Here is the list of Top 10 competitors of optionsXpress, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Groww 2016, Bengaluru (India), Public	Provider of an online platform for investments and trading services	$596M	Tiger Global Management, Ribbit Capital & 24 others	89/100
2nd	Freetrade 2015, London (United Kingdom), Acquired	App-based stock market trading platform	$165M	Left Lane, PMT Ventures & 79 others	79/100
3rd	Upstox 2009, Mumbai (India), Series C	Broker-based online trading and investment platform	$220M	Tiger Global Management, Kalaari Capital ... & 23 others	78/100
4th	Scalable Capital 2014, Munich (Germany), Series F	Provider of a digital investment and brokerage platform	$550M	HV Capital, BlackRock & 14 others	76/100
5th	Ajaib 2018, West Jakarta (Indonesia), Series B	Online investing platform for stocks and mutual funds	$245M	DST Global, Ribbit Capital & 12 others	76/100
6th	Tastytrade 2011, Chicago (United States), Acquired	Online platform publishing content focusing on investment	$60.4M	TCV, Lightbank & 1 others	74/100
7th	Pluang 2018, Jakarta (Indonesia), Series C	App-based investment platform for gold, crypto, and mutual funds	$123M	Accel, Square Peg Ventures & 22 others	74/100
8th	Midas 2020, Uskudar (Turkey), Series B	Provider of an application for stock and crypto asset trading	$140M	Spark Capital, QED Investors & 11 others	69/100
9th	thndr 2020, Cairo (Egypt), Series A	Broker-based online platform for trading stocks	$37.8M	Prosus, Tiger Global Management & 14 others	69/100
10th	Trading212 2004, London (United Kingdom), Series A	App-based stock trading and investment platform for individuals	$34.1M	-	66/100
71st	optionsXpress 2000, Chicago (United States), Acquired	Trading platform for multiple assets	-	Summit Partners, Spring Creek Partners & 1 others	36/100