4.5-star brokerage firm rating

TradeKing Review



Optionshouse Review

TradeKing vs OptionsHouse



OptionsHouse vs TradeKing: Account Pricing, Commissions, Fees




TradeKing


OptionsHouse

  • Stocks and ETFs: $4.95
  • Options: $4.95 + $0.65 per contract
  • Short options valued at 5 cents or less, can be bought to close these positions for no charge (commission free)
  • Mutual funds: $9.95
  • Bonds: $1 per bond with $10 minimum, $250 maximum
  • Treasuries: commission-free
  • Certificates of Deposit (CDs): $24.95
  • Investments: stocks, options, mutual funds, bonds, CDs, forex, treasuries, ETFs
  • TradeKing minimum deposit to open account: $0 for cash account, $2,000 for margin account
  • All TradeKing fees
  • TradeKing login, TradeKing promotions and TradeKing referral

  • Stocks and ETFs: $4.95
  • Stocks and ETFs broker assisted: $29.95
  • 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




TradeKing vs OptionsHouse: Pros



TradeKing


OptionsHouse

  • Very low commissions
  • No minimums, or maintenance or hidden fees
  • Free real-time quotes
  • Top-rated customer service
  • Low margin rates
  • Best online investor community
  • Fee-free IRAs
  • Free DRIPs (dividend reinvestment plans)
  • Extensive educational resources
  • Low cost professional portfolio management

  • 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




TradeKing vs OptionsHouse: Cons



TradeKing


OptionsHouse

  • Additional $0.01 per share on the entire order for stocks priced at less than $2
  • $50 annual inactivity fee if BOTH apply to an account(s):
    • Combined account value of the household account(s) is less than $2,500
    • No commission-charged trades have been executed in the account(s) during the last 12 months
  • Short after-hours trading: 4:00 pm - 5:00 pm EST, instead of 4:00 pm - 8:00 pm EST

  • For stocks priced $2 or less that are not options eligible, add $0.005 per share for the entire order (including OTCBB, Pink Sheets)
  • Short after-hours trading: 4:00 pm - 5:00 pm EST, instead of 4:00 pm - 8:00 pm EST




OptionsHouse vs TradeKing: Comparison Summary



Optionshouse (Optionshouse Review) and TradeKing (TradeKing Review) are identically priced companies for stocks and ETFs, charging just $4.95 per trade. Mutual fund transactions, however, are $9.95 at TradeKing and $20 at Optionshouse. While Optionshouse does not offer NTF (no-transaction fee or commission-free) mutual funds, TradeKing provides NTF load funds to its customers.

TradeKing charges additional commission of $0.01 on each share of stocks priced under $2.00, and Optionshouse adds $0.005 on each share of the below $2.00 stocks that are not options eligible. Both firms do not have additional charges on large orders and extended hours trading. The list of all OptionsHouse's fees is located here; all TradeKing fees and commissions are listed under this link.

OptionsHouse and TradeKing offer fantastic pricing on options trades. In fact, thanks to low costs and great suits of options trading tools, these are some of the most popular companies among options traders, and in 2016 we included them in our list of the Top Brokers for Options Trading.

In 2016 TradeKing is rated as one of the Best brokers for beginner investors. The firm offers lots of learning materials, and helpful online investor community for clients to learn from each other and share investing ideas. Customers could also call a broker and place a trade with his/her help without a surcharge at both firms. For the four years in a row Smart Money magazine rated TradeKing's customer service #1 in the industry.

TradeKing and OptionsHouse do not charge IRA setup and IRA maintenance fees (annual or custodial fees). Coupled with low mutual funds investing costs as well as free DRIPs (dividend reinvestment plans) on both stocks and mutual funds, it makes TradeKing a great choice for Traditional IRA, ROTH IRA, and self-employed IRA accounts.

Both of these companies are excellent and will please a majority of clients. TradeKing works especially well for mutual funds and buy-and-hold investors, anyone new to investing as well as for those looking for an IRA account, or wanting to take advantage of the online investor community.

OptionsHouse is our recommendation for stock and options traders - the firm provides highly rated trading tools and better that the competitor options trading costs.

Our advice is to open accounts with both firms (it takes about 20 minutes) with no obligation (non-IRA accounts don't have account closing fee), and take advantage of OptionsHouse and TradeKing unique and valuable features free of charge.


TradeKing Promotion - get $100 in free
trade commissions:

TradeKing Review


OptionsHouse Promotion - 60 days free
trading:

Optionshouse Review


Updated on 3/10/2016.



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Review discount online brokerage firms comparison: OptionsHouse or TradeKing? Differences between investment companies. Recommendation for stocks, options, ETFs, mutual funds, bonds investors. TradeKing versus OptionsHouse for beginner investors, long term, individual retirement accounts, active/day traders. See what stock broker service is better, cheaper, offers lower fees, cost, rated higher and easier to use. Which broker should you choose?

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