The StockBrokers.com 2017 Brokerage Review
compares OptionsHouse vs Ally Invest. Compare OptionsHouse and Ally Invest trade commissions, fees and overall broker ratings by using the table below. Is OptionsHouse or Ally Invest 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. OptionsHouse and Ally Invest both cost $4.95 per trade. Looking at options, the base fees charged are the same for both brokers, $4.95. At a difference of $0.15 per contract, OptionsHouse's per contract rate of $0.50 is less than Ally Invest which charges $0.65. 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. Ally Invest provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while OptionsHouse gives clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Ally Invest trails OptionsHouse by 2,137.00 total funds, with OptionsHouse offering 12275 and Ally Invest offering 10138. Commission free ETFs can also be a nice plus, with Ally Invest falling behind OptionsHouse, offering 0 commission free etfs compared to OptionsHouse's 5.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. OptionsHouse alongside Ally Invest have 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. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Ally Invest while OptionsHouse offers clients none of these. On the whole, when it comes to tools, research, and trading on the go, OptionsHouse finished with awards for Best in Class - Mobile Trading in 2014, while Ally Invest came up with none of these.
Overall, both OptionsHouse and Ally Invest are rated 4.00 stars.