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OptionsHouse vs ChoiceTrade Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, June 1st, 2017

Using data from the StockBrokers.com 2017 Broker Rankings, we can compare ChoiceTrade vs OptionsHouse to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at ChoiceTrade and OptionsHouse.

First we will break down the commission charges of both brokers for placing stock and options trades. ChoiceTrade charges more than OptionsHouse for placing regular stock trades ($5.00 and $4.95, respectively). Looking at trading options, OptionsHouse's base fee is $4.95 while ChoiceTrade's is $5.00. Contracts cost $0.50 each at both brokerages. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review page, then scroll down to the "Commission Notes" section).

Trading fees aside, having access to trade what you want is also an important consideration. OptionsHouse offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while ChoiceTrade offers Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, ChoiceTrade trails OptionsHouse by 11,775.00 total funds, with OptionsHouse offering 12275 and ChoiceTrade offering 500. And, commission free ETFs deserve a mention, with ChoiceTrade falling behind OptionsHouse, offering 0 commission free etfs compared to OptionsHouse's 5.

Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. ChoiceTrade alongside OptionsHouse have virtual trading. For mobile trading, OptionsHouse offers the iPhone App, iPad App and Android App while ChoiceTrade offers the none of these. Online banking is also used by many clients, and multiple brokerages provide these services. Neither ChoiceTrade nor OptionsHouse offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All things considered, when it comes to platform tools, research, and trading via smartphone, OptionsHouse posted awards for Best in Class - Mobile Trading in 2014, while ChoiceTrade found itself with none of these.

Overall, OptionsHouse takes the upper hand with 4.00 stars over ChoiceTrade's 2.00 stars.
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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
OptionsHouse
Exclusive Offer Trade Commission-Free For A Full 90 Days! Learn More
OptionsHouse Review
 
4
4.5
4
3.5
2
4
4.5
4
1.5
2
0.5
 
$4.95
$4.95
$0.50
$20.00
$25.00
$0.00
Yes
Yes
 
Yes
Yes
Yes
No
Yes
 
No
Yes
Yes
9
35
30
29
 
Yes
Yes
Yes
Yes
No
 
Yes
Yes
Yes
Yes
Yes
 
5
4650
12275
3951
0
 
7.75%
7.25%
6.50%
6.00%
5.25%
3.25%
3.50%
 
No
No
No
No
No
No
ChoiceTrade
ChoiceTrade Review
 
2
4
3
1
1
3
0.5
0.5
1
1
0.5
 
$5.00
$5.00
$0.50
$25.00
$25.00
$0.00
No
No
 
Yes
Yes
Yes
No
No
 
No
Yes
Yes
0
20
11
4
 
No
No
No
No
No
 
No
No
No
No
No
 
0
235
500
2500
0
 
7.45%
7.45%
7.45%
7.45%
7.45%
7.45%
7.45%
 
No
No
No
No
No
No

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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