Comparing brokers side by side is no easy task. For our 2017 Broker Review, we assessed 16 brokers on 308 different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare OptionsHouse vs TradeStation Securities.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. TradeStation Securities charges more than OptionsHouse for placing regular stock trades ($5.00 and $4.95, respectively). With options, the base fees charged are $5.00 (TradeStation Securities) and $4.95 (OptionsHouse). Option contracts cost $0.50 each at both brokerages. 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. Both OptionsHouse and TradeStation Securities support Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, OptionsHouse offers its clients access to 12275 different mutual funds while TradeStation Securities has 4854 available funds, a difference of 7,421. Commission free ETFs can also be valuable for customers, OptionsHouse offers 5 commission free ETFs versus TradeStation Securities's total of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. OptionsHouse and TradeStation Securities both offer virtual trading. Taking a look at mobile trading, OptionsHouse along with TradeStation Securities both support the 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 TradeStation Securities . On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities was rated Best in Class - Platforms & Tools in 2017, while OptionsHouse was rated Best in Class - Mobile Trading.
Overall, OptionsHouse takes the upper hand with 4.00 stars over TradeStation Securities's 3.50 stars.