Stock Broker Reviews




Optionshouse review


Compare OptionsHouse versus TradeKing: which brokerage house to choose?




OptionsHouse vs TradeKing Trading Fees and Investments Offered




TradeKing
OptionsHouse
  • Stocks and ETFs: $4.95 (for stocks over $1)
  • Options: $4.95 plus $0.65 per contract
  • Mutual Funds: $14.95
  • Bonds: $4.95/bond ($14.95 minimum)
  • Treasuries: $24.95 per transaction
  • Certificates of Deposit (CDs): $24.95 per transaction
  • Investments: stocks, options, mutual funds, bonds, ETFs
  • Minimum to open account: $0
  • All TradeKing 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 TradeKing and OptionsHouse Pros



TradeKing
OptionsHouse
  • One of the best in trading commissions
  • No minimums or hidden fees
  • Award-winning trading tools
  • Best rated customer service
  • Low margin rates
  • Best online investor community
  • Fee-free IRAs
  • Extensive educational resources
  • 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 TradeKing and OptionsHouse Cons



TradeKing
OptionsHouse
  • Extra $0.01 per share on the entire order of stocks priced less than $1
  • Might not be the best for beginner investors



TradeKing vs OptionsHouse: Comparison Summary



Optionshouse is definitely better priced brokerage than Tradeking: $2.95 versus $4.95 for stocks and ETFs. TradeKing also has a $0.01 per share surcharge on penny stocks, so for investors that trade below $1 securities, OptionsHouse would be a better choice.

TradeKing is much friendlier brokerage for beginner investors: lots of learning materials and helpful online social networking community. If you are fairly new to investing then we strongly recommend TradeKing.

TradeKing and Optionshouse have no IRA setup and no IRA maintenance fees and they made it into our Best Brokers for IRA Account list. They are also our Recommended Brokerage Firms in 2010.

Both of these companies are excellent and they are highly rated by all investor magazines. If you are new to investing or want best customer service and participation in online trader community - go with TradeKing. Otherwise OptionsHouse will serve you better.

You could also open account in just 15 minutes with both firms with no obligation (non-IRA accounts have no account closing fee) and see for yourself which brokerage will work better for you.


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OptionsHouse Promotion Link

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