The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares Interactive Brokers vs OptionsHouse. Is Interactive Brokers or OptionsHouse a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. OptionsHouse, with its regular stock trades costing $4.95, is more expensive than Interactive Brokers's rate of $0 (the broker charges a per share rate instead) per trade. Looking at trading options, Interactive Brokers's base fee is $0 while OptionsHouse's is $4.95. Option contracts are pricier at Interactive Brokers, costing $0.70 versus $0.50 at OptionsHouse. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. Both Interactive Brokers and OptionsHouse support Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, OptionsHouse boasts an offering of 12275 mutual funds compared to Interactive Brokers's 8026 available funds. Commission free ETFs can also be a nice plus, with OptionsHouse falling behind Interactive Brokers, offering 5 commission free ETFs compared to Interactive Brokers's 33.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Interactive Brokers alongside OptionsHouse offer virtual trading. For mobile trading, Interactive Brokers and OptionsHouse both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Interactive Brokers and OptionsHouse as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. 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 2017, while OptionsHouse found itself with Best in Class - Mobile Trading.
Overall, both Interactive Brokers and OptionsHouse share a rating of 4.00 stars.