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 TradeStation Securities. Is OptionsHouse or TradeStation Securities a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. TradeStation Securities, with its regular stock trades costing $5.00, is more expensive than OptionsHouse's rate of $4.95 per trade. Looking at trading options, OptionsHouse's base fee is $4.95 while TradeStation Securities's is $5.00. Option contracts cost $0.50 each at both brokerages. 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. OptionsHouse alongside TradeStation Securities offer clients Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, OptionsHouse boasts an offering of 12275 mutual funds compared to TradeStation Securities's 4951 available funds. Commission free ETFs can also be a nice plus, with OptionsHouse having the upper hand thanks to its 5 available commission free ETFs compared to TradeStation Securities's offering 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. Both OptionsHouse and TradeStation Securities offer virtual trading. For mobile trading, OptionsHouse along with TradeStation Securities 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. Neither OptionsHouse nor TradeStation Securities offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, OptionsHouse finished with awards Best in Class - Mobile Trading, while TradeStation Securities came up with none of these.
Overall, both OptionsHouse and TradeStation Securities share a rating of 4.00 stars.