The StockBrokers.com 2017 Brokerage Review
compares Firstrade vs OptionsHouse. Compare Firstrade and OptionsHouse trade commissions, fees and overall broker ratings by using the table below. Is Firstrade or OptionsHouse a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Firstrade and OptionsHouse both cost $4.95 per trade. For options trading, both Firstrade and OptionsHouse charge the same base fee of $4.95. Each contract then costs $0.65 at Firstrade and $0.50 at OptionsHouse for a difference in price of $0.15 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. OptionsHouse offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Firstrade offers Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, OptionsHouse boasts an offering of 12275 compared to Firstrade's 12191 available funds. Commission free ETFs can also be a nice plus, with OptionsHouse falling behind Firstrade, offering 5 commission free etfs compared to Firstrade's 12.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. OptionsHouse offers virtual trading while Firstrade does not. For mobile trading, Firstrade offers the iPhone App and Android App while OptionsHouse offers the 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 available to clients of Firstrade while OptionsHouse offers clients none of these. On the whole, when it comes to tools, research, and trading on the go, OptionsHouse was rated for Best in Class - Mobile Trading in 2014, while Firstrade was rated for none of these.
Overall, OptionsHouse boasts 4.00 stars versus Firstrade's 3.50 stars.