Using data from the StockBrokers.com 2017 Broker Rankings
, we can compare E*TRADE 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 E*TRADE and OptionsHouse.
First we will break down the commission charges of both brokers for placing stock and options trades. E*TRADE charges more than OptionsHouse for placing regular stock trades ($6.95 and $4.95, respectively). With options, the base fees charged are $6.95 (E*TRADE) and $4.95 (OptionsHouse). At a difference of $0.25 per contract, OptionsHouse's per contract rate of $0.50 is less than E*TRADE which charges $0.75. 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. E*TRADE and OptionsHouse provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, OptionsHouse boasts an offering of 12275 compared to E*TRADE's 8652 available funds. And, commission free ETFs deserve a mention, E*TRADE offers 133 versus OptionsHouse's total of 5.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. OptionsHouse makes virtual trading available to clients, while E*TRADE does not. For mobile trading, E*TRADE and OptionsHouse both have a iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Checking Accounts and Debit Cards are offered by E*TRADE while OptionsHouse offers none of these. All things considered, when it comes to platform tools, research, and trading via smartphone, E*TRADE was rated for Best in Class - Research and Best in Class - Mobile Trading in 2014, while OptionsHouse was rated for Best in Class - Mobile Trading.
Overall, both E*TRADE and OptionsHouse hold a 4.00 star rating.