The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares OptionsHouse vs Scottrade. Is OptionsHouse or Scottrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Scottrade charges $6.95 per stock trade which is $2.00 more than OptionsHouse which charges customers $4.95 per trade. With options, the base fees charged are $6.95 (Scottrade) and $4.95 (OptionsHouse). Each option contract then costs $0.70 at Scottrade and $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. 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 boasts an offering of 13599 mutual funds compared to OptionsHouse's 12275 available funds. Commission free ETFs can also be a nice plus, OptionsHouse offers 5 commission free ETFs versus Scottrade's total of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. OptionsHouse alongside Scottrade offer 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 mobile trading, OptionsHouse was rated Best in Class - Mobile Trading, while Scottrade was rated none of these.
Overall, both OptionsHouse and Scottrade hold a 4.00 star rating.