4.5-star brokerage firm rating

TradeKing Review

Optionshouse Review

TradeKing vs OptionsHouse

OptionsHouse vs TradeKing 2015: Account Pricing, Commissions, Fees



  • 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

  • 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



  • 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



  • 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 stock and ETF trades: $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 $0.01 per share on stocks priced under $2.00. Optionshouse adds $0.005 per share more on stocks priced under $2.00 that are not options eligible. Both firms do not have additional commission on large orders and extended hours trading.

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

TradeKing is one of the Best brokers for beginner investors: it 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 (also called 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 majority of clients. TradeKing works especially well for mutual funds and buy-and-hold investors, customers new to investing as well as anyone 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 a suit of great trading tools and better that the competitor options trading costs.

You can also open accounts with both firms in about 20 minutes with no obligation (non-IRA accounts don't have account closing fee), and take advantage of their unique and valuable features free of charge.

TradeKing Promotion - get $100 in free
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Optionshouse Review

Updated on 8/5/2015.

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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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