Using data from the StockBrokers.com 2017 Broker Review which tested 16 different online brokers
over six months, we can compare Fidelity Investments vs OptionsHouse to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Fidelity Investments and OptionsHouse have equal fees for trading stocks (equities), $4.95 per trade. For options trading, both Fidelity Investments and OptionsHouse charge the same base fee of $4.95. Each option contract then costs $0.65 at Fidelity Investments and $0.50 at OptionsHouse. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. 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. As far as mutual funds go, Fidelity Investments boasts an offering of 13204 mutual funds compared to OptionsHouse's 12275 available funds. And, commission free ETFs deserve a comparison, with Fidelity Investments having the upper hand thanks to its 91 available commission free ETFs compared to OptionsHouse's offering of 5.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both Fidelity Investments and OptionsHouse offer virtual trading. For mobile trading, Fidelity Investments along with OptionsHouse both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at OptionsHouse can have none of these. All factors considered, when it comes to platform tools, research, and mobile trading, OptionsHouse finished with awards Best in Class - Mobile Trading in 2017, while Fidelity Investments came up with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over OptionsHouse's 4.00 stars.