Optionshouse vs Tradeking vs Scottrade

Optionshouse vs Tradeking vs Scottrade

Optionshouse vs Scottrade vs Tradeking: Comparison Chart 2012
Broker Commissions/Costs Investment Products Trading Tools Customer Service Research
Optionshouse Review $3.95
Tradeking Review $4.95
Scottrade Review $7

Scottrade vs Optionshouse vs Tradeking: Brokers Review


We start our discount brokerage firms review with the most important factor for most investors - stock and ETF commissions. Optionshouse is the best priced broker out of these three - charging just $4 per trade. The firm is the top choice for investors who trade a lot and for options traders. Tradeking is at the second spot, with $5 per trade rate. Scottrade is at the end of the list, charging $7 per trade commission. Optionshouse and TradeKing have the same price for mutual funds: just $9.95 per transaction. Scottrade is, again, last with $17 mutual funds transactions.

All three brokerage firms got the highest ratings in customer service. Optionshouse and Tradeking provide versatile trading tools that have more than enough features and speed to satisfy most investors. Scottrade offers decent, very easy to use trading technology.

Tradeking boasts the best online trader community of all online brokers: its users could ask questions, learn from more advanced investors and even get investment ideas. Because of that, we believe Tradeking is the best brokerages for beginner investors.


Scottrade vs Optionshouse vs Tradeking: Summary


We strongly recommend Optionshouse to active traders, mutual funds, buy-and-hold investors and options traders. Tradeking would be the best for beginners and IRA accounts. Scottrade is our recommendation for anyone who only wants to invest with large, well-known broker. Make sure to also read full, more detailed reviews (containing brokerage promotional offers) for Optionshouse (Optionshouse review), Tradeking (Tradeking review) and Scottrade (Scottrade review).


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