Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare E*TRADE vs OptionsHouse.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. E*TRADE charges $6.95 per stock trade which is $2.00 more than OptionsHouse which charges customers $4.95 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $4.95 (OptionsHouse). Each option contract then costs $0.75 at E*TRADE and $0.50 at OptionsHouse. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. Both E*TRADE and OptionsHouse support Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, E*TRADE trails OptionsHouse by 3,277 total mutual funds, with OptionsHouse offering 12275 and E*TRADE offering 8998. Commission free ETFs can also be valuable for customers, E*TRADE offers 156 commission free ETFs versus OptionsHouse's total of 5.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. OptionsHouse offers virtual trading while E*TRADE does not. Taking a look at mobile trading, E*TRADE and OptionsHouse both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Clients can have Checking Accounts and Debit Cards at E*TRADE while customers at OptionsHouse can have none of these. On the whole, when it comes to tools, research, and mobile trading, E*TRADE was rated Best in Class - Research and Best in Class - Mobile Trading, while OptionsHouse was rated Best in Class - Mobile Trading.
Overall, both E*TRADE and OptionsHouse are rated 4.00 stars.