The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares ChoiceTrade vs OptionsHouse. Is ChoiceTrade or OptionsHouse a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. ChoiceTrade, with its regular stock trades costing $5.00, is more expensive than OptionsHouse's rate of $4.95 per trade. With options, the base fees charged are $5.00 (ChoiceTrade) and $4.95 (OptionsHouse). Option contracts run $0.50 a piece at both brokerages. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. OptionsHouse offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while ChoiceTrade offers Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, OptionsHouse offers its clients access to 12275 different mutual funds while ChoiceTrade has 500 available funds, a difference of 11,775. Commission free ETFs can also be a nice plus, with ChoiceTrade falling behind OptionsHouse, offering 0 commission free ETFs compared to OptionsHouse's 5.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Both ChoiceTrade and OptionsHouse offer virtual trading. For mobile trading, OptionsHouse offer clients access to an iPhone App, iPad App and Android App while ChoiceTrade has an none of these. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at ChoiceTrade or OptionsHouse . On the whole, when it comes to tools, research, and mobile trading, OptionsHouse was rated Best in Class - Mobile Trading in 2017, while ChoiceTrade was rated none of these.
Overall, OptionsHouse takes the upper hand with 4.00 stars over ChoiceTrade's 2.00 stars.