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 Fidelity Investments 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. Fidelity Investments and OptionsHouse charge the same amount for regular stock trades, $4.95. For options trading, both Fidelity Investments and OptionsHouse charge the same base fee of $4.95. OptionsHouse's per contract rate of $0.50 is less than Fidelity Investments which charges $0.65. 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. OptionsHouse provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity Investments provides clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Fidelity Investments offers its clients access to 12505 different mutual funds while OptionsHouse has 12275 available funds, a difference of 230. Commission free ETFs can also be valuable for customers, with Fidelity Investments having the upper hand thanks to its 91 available commission free ETFs compared to OptionsHouse's offering of 5.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both Fidelity Investments and OptionsHouse offer 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. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while OptionsHouse offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, OptionsHouse finished with awards Best in Class - Mobile Trading, while Fidelity Investments came up with none of these.
Overall, Fidelity Investments takes the upper hand with 5.00 stars over OptionsHouse's 4.00 stars.