Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Interactive Brokers vs OptionsHouse, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. OptionsHouse charges more than Interactive Brokers for placing regular stock trades ($4.95 and $0.00 (the broker charges a per share rate instead), respectively). With options, the base fees charged are $4.95 (OptionsHouse) and $0.00 (Interactive Brokers). Each contract then costs $0.70 at Interactive Brokers and $0.50 at OptionsHouse for a difference in price of $0.20 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Interactive Brokers alongside OptionsHouse offer clients Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Interactive Brokers trails OptionsHouse by 4,249.00 total funds, with OptionsHouse offering 12275 and Interactive Brokers offering 8026. Commission free ETFs also should not be forgotten, Interactive Brokers offers 33 versus OptionsHouse's total of 5.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Interactive Brokers and OptionsHouse both have 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. Neither Interactive Brokers nor OptionsHouse offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and trading on the go, Interactive Brokers posted awards for Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2014, while OptionsHouse found itself with Best in Class - Mobile Trading.
Overall, both Interactive Brokers and OptionsHouse are rated 4.00 stars.