Using data from the StockBrokers.com 2017 Broker Review which tested 16 different online brokers
over six months, we can compare OptionsHouse vs Robinhood to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. OptionsHouse, with its regular stock trades costing $4.95, is more expensive than Robinhood's rate of $0 per trade. For options trading, Robinhood has a base fee of $N/A, and OptionsHouse a base fee of $4.95. OptionsHouse's per contract rate of $0.50 is less than Robinhood which charges $N/A. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Robinhood provides its clients with Stock Trading while OptionsHouse provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, OptionsHouse offers its clients access to 12275 different mutual funds while Robinhood has 0 available funds, a difference of 12,275. And, commission free ETFs deserve a comparison, OptionsHouse offers 5 commission free ETFs versus Robinhood's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. OptionsHouse offers virtual trading while Robinhood does not. For mobile trading, OptionsHouse and Robinhood both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at OptionsHouse or Robinhood . All factors considered, when it comes to platform tools, research, and mobile trading, OptionsHouse was rated Best in Class - Mobile Trading in 2017, while Robinhood was rated none of these.
Overall, OptionsHouse comes out on top with 4.00 stars over Robinhood's 2.50 stars.