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.