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 OptionsHouse vs Robinhood.
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 Robinhood for placing regular stock trades ($4.95 and $0, respectively). With options, the base fees charged are $N/A (Robinhood) and $4.95 (OptionsHouse). Each option contract then costs $N/A at Robinhood and $0.50 at OptionsHouse. 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. Robinhood supports Stock Trading while OptionsHouse supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, OptionsHouse boasts an offering of 12275 mutual funds compared to Robinhood's 0 available funds. Commission free ETFs can also be valuable for customers, OptionsHouse offers 5 commission free ETFs versus Robinhood's total of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. OptionsHouse offers virtual trading while Robinhood does not. Taking a look at mobile trading, OptionsHouse and Robinhood both have a 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. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at OptionsHouse or Robinhood . On the whole, when it comes to tools, research, and mobile trading, OptionsHouse finished with awards Best in Class - Mobile Trading, while Robinhood came up with none of these.
Overall, OptionsHouse comes out on top with 4.00 stars over Robinhood's 2.50 stars.