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 both cost $4.95 per trade. 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, OptionsHouse trails Fidelity Investments by 230 total mutual funds, with Fidelity Investments offering 12505 and OptionsHouse offering 12275. Commission free ETFs can also be valuable for customers, Fidelity Investments offers 91 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. Fidelity Investments alongside OptionsHouse offer virtual trading. Taking a look at mobile trading, Fidelity Investments along with OptionsHouse both support the 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 offered by Fidelity Investments while OptionsHouse offers none of these. On the whole, when it comes to tools, research, and mobile trading, OptionsHouse was rated Best in Class - Mobile Trading, while Fidelity Investments was rated 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.