Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Fidelity Investments vs OptionsHouse, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Fidelity Investments and OptionsHouse both cost $4.95 per trade. With options, the base fee is $4.95 for both Fidelity Investments and OptionsHouse. Contracts are pricier at Fidelity Investments, costing $0.65 versus $0.50 at OptionsHouse, a difference of $0.15 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. OptionsHouse supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Fidelity Investments offers its clients access to 13204 different mutual funds while OptionsHouse has 12275 available funds, a difference of 929.00. Commission free ETFs also should not be forgotten, with OptionsHouse falling behind Fidelity Investments, offering 5 commission free etfs compared to Fidelity Investments's 91.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Fidelity Investments alongside OptionsHouse have virtual trading. Taking a look at mobile trading, Both Fidelity Investments and OptionsHouse offer clients access to an 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, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while clients at OptionsHouse can have none of these. On the whole, when it comes to tools, research, and trading on the go, OptionsHouse finished with awards for Best in Class - Mobile Trading in 2014, while Fidelity Investments came up with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Fidelity Investments comes out on top with 4.50 stars over OptionsHouse's 4.00 stars.