4.5-star brokerage firm rating

Optionshouse Review

2-star brokerage firm rating

eOption review

eOption vs OptionsHouse



OptionsHouse vs eOption 2015: Account Pricing, Commissions, Fees




OptionsHouse


eOption

  • 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



OptionsHouse


eOption

  • 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



OptionsHouse


eOption

  • 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 much lower commissions on stocks and ETFs than OptionsHouse (OptionsHouse Review): $3 and $4.95 per trade respectively. Options pricing is also much better at eOption: $3 plus $0.15 per contract versus $4.95 plus $0.50 per contract.

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 and research tools. The firm offers free virtual trading environment where investors could try different trading strategies without risking real money.

eOption doesn't feel like a solid company that will last. In the contrast, OptionsHouse just merged with another excellent brokerage house - TradeMonster (TradeMonster Review) - and this merger created the seventh largest online broker in the U.S. We definitely recommend OptionsHouse over eOption to all investors.

OptionsHouse Promotion - 60 days FREE
trading:

Optionshouse Review


eOption Promotion - none
right now:

eOption review


This article was updated on 2/11/2015.



Please share us with your friends




Related articles

Online broker promotions:
Copyright ©2009-2015 Brokerage-Review.com. All rights are reserved.
The stock brokerage firm you select is solely responsible for its services to you, the user. Brokerage-Review.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage house's services. Brokerage-Review.com has partner relationships with other companies. As a partner, we often provide reviews of products and services based on our personal opinions. We are not compensated for positive reviews. While we strive to make sure that the information we present here is true and accurate upon publication, the rates and offers that we share with you may change without notice, so please visit the sites we reference for more up to date information.