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TD Ameritrade review
Optionshouse review

Compare TD Ameritrade versus OptionsHouse: which brokerage house to choose?




TD Ameritrade vs OptionsHouse Trading Fees and Investments Offered



Ameritrade
OptionsHouse
  • Stocks and ETFs: $9.99
  • Options: $9.99 plus $0.75 per contract
  • No-load mutual funds: $49.99
  • Investment products: stocks, bonds, mutual funds, options, ETFs
  • Minimum to open account: $1,000 equity is required to open an IRA, and $2,000 to open any non-IRA account
  • All TD Ameritrade 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 TD Ameritrade and OptionsHouse Pros



Ameritrade
OptionsHouse
  • No surcharges for penny stocks, large orders and after-hours trading
  • Large and well known company with many branches
  • No maintenance and inactivity fees
  • Large selection of third-party research
  • 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 TD Ameritrade and OptionsHouse Cons



Ameritrade
OptionsHouse
  • $9.99 commission for stocks/ETFs is high, $49 commission for mutual funds is extremely high
  • Poor order execution
  • The website is sometimes very slow or even down on the most crucial days
  • Might not be the best for beginner investors



TD Ameritrade or OptionsHouse: Comparison Summary



TD Ameritrade is one of the most recognizable brokerage firms in the country. And this is the only advantage it has over Optionshouse. OptionsHouse offers rock-bottom trading commissions: $2.95 for stocks and ETFs against Ameritrade's $9.95.

OptionsHouse has a more stable website. Ameritrade's website often becomes slow and unusable on "big market move" days when volume picks up.

Both companies have no IRA setup and annual fees, and OptionsHouse is one of the Best IRA Brokerages. The firms also don't have surcharges for large orders, penny stocks and extended hours trading orders.

Because of the much lower commissions (which will provide huge savings over the years) and more reliable website, OptionsHouse is by far better choice of a brokerage house than TD Ameritrade.


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