The StockBrokers.com Annual Broker Review
compares Fidelity Investments vs OptionsHouse. Compare Fidelity Investments and OptionsHouse trade commissions, fees and overall broker ratings by using the chart above. Is Fidelity Investments or OptionsHouse a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Fidelity Investments charges more than OptionsHouse for placing regular stock trades ($7.95 and $4.75, respectively). Looking at trading options, Fidelity Investments's base fee is $7.95 while OptionsHouse's is $8.50. Each contract then costs $0.75 at Fidelity Investments and $0.15 at OptionsHouse for a difference in price of $0.60 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any stock broker review
page, then click the "Commissions & Fees" tab).
Alongside trade commissions, being able to trade the way you want is a must. Fidelity Investments and OptionsHouse provide clients with Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments offers its clients access to 14391 different mutual funds while OptionsHouse has 11867 available funds, a difference of 2,524.00. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 76 available ETFs compared to OptionsHouse's offering of 0.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. OptionsHouse has virtual trading, Fidelity Investments doesn't. For mobile trading, Fidelity Investments and OptionsHouse both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while clients at OptionsHouse can have none of these. On the whole, when it comes to tools, research, and trading on the go, Fidelity Investments finished with awards for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2016, while OptionsHouse came up with none of these.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over OptionsHouse's 3.50 stars.