Stock Broker Reviews



ChoiceTrade Review

Optionshouse review

Compare OptionsHouse versus ChoiceTrade: which broker is better for me?




OptionsHouse vs ChoiceTrade Trading Fees and Investments Offered




ChoiceTrade
OptionsHouse
  • Stocks and ETFs: $5
  • Options: $5 plus $0.55 per contract
  • Direct Access trading: $0.005 per share, $1 minimum per trade
  • Mutual funds: $25 per trade
  • Investment products: stocks, options, mutual funds, ETFs
  • Minimum to open account: $0 for cash account, 2,000 for margin account
  • All Choicetrade fees
  • Stocks and ETFs: $2.95
  • Two plans for options:
    1. Up to five contracts for $5; each additional contract $1
    2. $8.50 + 0.15/contract rate (great if you trade over 10 contracts)
  • Mutual Funds: $9.95
  • Orders for U.S. treasury bonds and listed corporate bonds are accepted by phone
  • Investments: stocks, options, mutual funds, bonds, ETFs
  • Minimum to open account: $1000 for cash account, $2000 for margin account
  • All Optionshouse fees



Compare ChoiceTrade and OptionsHouse Pros



ChoiceTrade
OptionsHouse
  • Very low commissions and fees
  • No account minimum or inactivity fees
  • No extra charges for large-sized orders or stocks below $1
  • Direct access trading with lowest commissions
  • Free paper/virtual trading
  • Investor community
  • Very good customer service
  • Powerful trading tools
  • Lowest stock commissions in the industry
  • Efficient trading tools
  • No account minimums. Minimum initial funding size is $1,000 for a cash account and $2,000 for a margin account
  • No fee IRA accounts
  • No volume requirements and inactivity fees
  • Free check-writing privileges
  • No surcharges for large orders, penny stocks and extended hours trading
  • Very low margin rates



Compare ChoiceTrade and OptionsHouse Cons



ChoiceTrade
OptionsHouse
  • High mutual fund commissions
  • Extended hours stock trades $0.005 per share surcharge
  • Might not be the best for beginner investors



ChoiceTrade or OptionsHouse: Comparison Summary



Optionshouse has lower commissions than Choicetrade : $2.95 versus of $5 for stocks, $9.95 versus $25 for mutual funds. Both companies don't charge extra for penny stocks, large size orders and, in case of Optionshouse, on after-hours trading.

ChoiceTrade and OptionsHouse have no account maintenance fees, no inactivity fees and no volume requirements to get their low commissions (unlike many other brokers). Both firms are great for anyone looking for retirement account, though ChoiceTrade has annual custodial IRA fee of $30.

Both OptionsHouse and ChoiceTrade are great firms. Only because of much lower commissions and therefore lower investing costs to you, we recommend OptionsHouse over ChoiceTrade.


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Optionshouse review
ChoiceTrade Promotion Link

ChoiceTrade Review



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