The StockBrokers.com 2017 Brokerage Review
compares OptionsHouse vs Scottrade. Compare OptionsHouse and Scottrade trade commissions, fees and overall broker ratings by using the table below. Is OptionsHouse or Scottrade a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Scottrade charges $6.95 per stock trade which is $2.00 more than OptionsHouse which charges clients $4.95 per trade. Looking at trading options, OptionsHouse's base fee is $4.95 while Scottrade's is $6.95. Contracts are pricier at Scottrade, costing $0.70 versus $0.50 at OptionsHouse, a difference of $0.20 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. Scottrade supports Stock Trading, Options Trading and Mutual Funds while OptionsHouse supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Scottrade offers its clients access to 13599 different mutual funds while OptionsHouse has 12275 available funds, a difference of 1,324.00. Commission free ETFs can also be a nice plus, with OptionsHouse having the upper hand thanks to its 5 available ETFs compared to Scottrade's offering of 0.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. OptionsHouse alongside Scottrade have virtual trading. For mobile trading, OptionsHouse along with Scottrade both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts and Debit Cards are offered by Scottrade while OptionsHouse offers none of these. On the whole, when it comes to tools, research, and trading on the go, OptionsHouse posted awards for Best in Class - Mobile Trading in 2014, while Scottrade found itself with none of these.
Overall, both OptionsHouse and Scottrade are rated 4.00 stars.