4-star brokerage firm rating

Optionshouse Review

2-star brokerage firm rating

eOption review

eOption vs Optionshouse

Optionshouse vs eOption 2014: Account Pricing, Commissions, Fees



  • Stocks and ETFs: $4.95
  • Stocks and ETFs broker assisted: $4.95
  • Options: $4.95 + $0.50 per contract
  • Mutual funds: $20
  • Investments: stocks, options, mutual funds, bonds, ETFs
  • Optionshouse minimum deposit to open account: $0 for cash account, $2,000 for margin account
  • All Optionshouse fees
  • Optionshouse login, Optionshouse promotion code

  • Stocks and ETFs: $3
  • Options: $3 + $0.15 per contract
  • Option Exercise and Assignment: $9
  • Foreign Stocks: $39
  • Extended Hours Trading: $25 for up to 5,000 shares, $0.003 per share for over 5,000 shares
  • Mutual funds: $15
  • Listed Bonds: first 25 bonds - $5 per bond, each additional bond - $3 per bond, minimum - $39
  • Auto Trade Equities: $5
  • Auto Trade Options: $5.00 + $0.10 Per Contract
  • Investment products: stocks, options, mutual funds, bonds, foreign stocks, ETFs
  • eOption minimum deposit to open account: $0 for US; $5,000 for international accounts
  • All eOption fees
  • eOption promotion code

Optionshouse vs eOption: Pros



  • Low commissions
  • Free streaming quotes
  • No fee IRA accounts
  • No volume requirements, or maintenance or inactivity fees
  • Free check-writing privileges
  • Free DRIPs/Dividend Reinvestment (complete, non-fractional shares only)
  • No surcharges for large orders or extended hours trading
  • Low margin rates
  • Free virtual trading

  • Very low commissions
  • Great margin rates
  • Dividend reinvestment plan

Optionshouse vs eOption: Cons



  • For stocks priced $2 or less that are not options eligible, add $0.005 per share for the entire order

  • Very expensive extended hours trading commissions
  • Limited trading tools and charts
  • Limited research
  • Streaming quotes are only free to those making 100+ trades per month
  • No online ACH. Anytime you want to perform an ACH you have to call their 1-800 number.
  • $15 annual IRA fee
  • $50 annual inactivity fee, if less than two trades in the past 12 months or less than $10,000 in credit or debit balances

eOption vs Optionshouse: Comparison Summary

eOption (eOption Review) offers somewhat lower commissions on stocks and ETFs than Optionshouse (Optionshouse Review): $3 and $4.95 per trade respectively. Optionshouse, however, is cheaper for mutual funds - $9.95 per transaction versus $14.95 at eOption.

Both online brokerages don't have surcharges on large orders. eOption charges a lot on extended hours trades - $25 for up to 5,000 shares, $0.003 per share for over 5,000 shares. Optionshouse has a surcharge of $0.005 per share on stocks under $2 that are not options eligible.

Optionshouse provides better customer service, trading tools and research. The firm offers free virtual trading environment where investors could try different trading strategies without risking real money.

Unlike eOption, Optionshouse doesn't have IRA setup and IRA maintenance fees, but despite of that it was not included into our Best IRA Companies list. The firm also did not make it into our Best Online Brokers in 2014 article.

eOption just doesn't feel like a solid company that will last. Even company's website looks very weak. Because of that, and because of better trading tools and customer service at Optionshouse as well as more free services, we strongly recommend Optionshouse over eOption to all investors.

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This article was updated on 8/18/2014.

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