The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares E*TRADE vs OptionsHouse. Is E*TRADE or OptionsHouse a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. E*TRADE, with its regular stock trades costing $6.95, is more expensive than OptionsHouse's rate of $4.95 per trade. For options trading, E*TRADE has a base fee of $6.95, and OptionsHouse a base fee of $4.95. Each option contract then costs $0.75 at E*TRADE and $0.50 at OptionsHouse. 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. E*TRADE alongside OptionsHouse offer clients Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, OptionsHouse offers its clients access to 12275 different mutual funds while E*TRADE has 8652 available funds, a difference of 3,623. Commission free ETFs can also be a nice plus, with OptionsHouse falling behind E*TRADE, offering 5 commission free ETFs compared to E*TRADE's 133.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. OptionsHouse has virtual trading, E*TRADE doesn't. For mobile trading, E*TRADE and OptionsHouse both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts and Debit Cards are offered by E*TRADE while OptionsHouse offers none of these. On the whole, when it comes to tools, research, and mobile trading, E*TRADE finished with awards Best in Class - Research and Best in Class - Mobile Trading in 2017, while OptionsHouse came up with Best in Class - Mobile Trading.
Overall, both E*TRADE and OptionsHouse are rated 4.00 stars.