Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare OptionsHouse vs TradeStation Securities 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. TradeStation Securities charges $5.00 per stock trade which is $0.05 more than OptionsHouse which charges customers $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. 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. Both OptionsHouse and TradeStation Securities support Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, TradeStation Securities trails OptionsHouse by 7,324 total mutual funds, with OptionsHouse offering 12275 and TradeStation Securities offering 4951. And, commission free ETFs deserve a comparison, OptionsHouse offers 5 commission free ETFs versus TradeStation Securities's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. 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. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Banking is not popular with OptionsHouse and TradeStation Securities as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. All factors considered, when it comes to platform tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools, while OptionsHouse came up with Best in Class - Mobile Trading.
Overall, OptionsHouse takes the upper hand with 4.00 stars over TradeStation Securities's 3.50 stars.