Using data from the StockBrokers.com 2017 Broker Review which tested 16 different online brokers
over six months, we can compare OptionsHouse vs Ally Invest 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 and Ally Invest charge the same amount for regular stock trades, $4.95. For options trading, both OptionsHouse and Ally Invest charge the same base fee of $4.95. Each option contract then costs $0.65 at Ally Invest and $0.50 at OptionsHouse. 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. Ally Invest supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while OptionsHouse supports 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 Ally Invest has 10138 available funds, a difference of 2,137. And, commission free ETFs deserve a comparison, with OptionsHouse having the upper hand thanks to its 5 available commission free ETFs compared to Ally Invest's offering of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. OptionsHouse alongside Ally Invest offer virtual trading. For mobile trading, Ally Invest supports the iPhone App and Android App while OptionsHouse supports the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Ally Invest while OptionsHouse offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, OptionsHouse finished with awards Best in Class - Mobile Trading in 2017, while Ally Invest came up with none of these.
Overall, both OptionsHouse and Ally Invest are rated 4.00 stars.