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 Interactive Brokers 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. OptionsHouse charges more than Interactive Brokers for placing regular stock trades ($4.95 and $0 (the broker charges a per share rate instead), respectively). For options trading, OptionsHouse has a base fee of $4.95, and Interactive Brokers a base fee of $0. OptionsHouse's per contract rate of $0.50 is less than Interactive Brokers which charges $0.70. 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. Interactive Brokers and OptionsHouse provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Interactive Brokers trails OptionsHouse by 2,224 total mutual funds, with OptionsHouse offering 12275 and Interactive Brokers offering 10051. Commission free ETFs can also be valuable for customers, with Interactive Brokers having the upper hand thanks to its 45 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. Interactive Brokers alongside OptionsHouse offer virtual trading. Taking a look at mobile trading, Interactive Brokers 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. Debit Cards are offered by Interactive Brokers while OptionsHouse offers none of these. On the whole, when it comes to tools, research, and mobile trading, Interactive Brokers posted awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2018, while OptionsHouse found itself with Best in Class - Mobile Trading.
Overall, both Interactive Brokers and OptionsHouse share a rating of 4.00 stars.