Stock Broker Reviews




Optionshouse review

Compare OptionsHouse vs Zecco: which brokerage to choose?




OptionsHouse vs Zecco Commissions and Investments Offered




Zecco
OptionsHouse
  • Stocks and ETFs: 10 free stock and ETF trades per month with $25K min. account balance OR if you make 25 trades/month
  • $4.50 per stock trade (if not meeting above requirements)
  • Options: $4.50 plus $0.50 per contract
  • Mutual Funds: $10
  • Bonds: $4.50 per bond, with $22.50 minimum per transaction
  • Treasury: $24.50 per transaction
  • Investments: stocks, mutual funds, options, Forex, Bonds, Treasury bonds, ETFs
  • Minimum to open account: $0
  • All Zecco 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 Zecco and OptionsHouse Pros



Zecco
OptionsHouse
  • Free/very low commissions
  • No account minimum or inactivity fees
  • Virtual trading environment
  • Forex trading
  • Free dividend reinvestment
  • Great investing community
  • Minimum to open account: $0
  • No surcharges for large orders, penny stocks and extended hours trading
  • 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 Zecco and OptionsHouse Cons



Zecco
OptionsHouse
  • Annual IRA fee: $30
  • No extended hours trading
  • Might not be the best for beginner investors



Zecco or OptionsHouse: Comparison Summary



Optionshouse and Zecco are the cheapest flat-rate brokerage firms in the industry. Optionshouse offers lower trading costs than Zecco if you have less than $25K in your account OR make over 30 trades per month. Otherwise, Zecco is better priced.

Zecco is a better choice for a brokerage for beginner investors. The firm offers helpful community where newcomers could ask questions, learn from more experienced traders and even get investment ideas.

Unlike Zecco, OptionsHouse has no annual IRA fee - it's a plus if you are looking for a fee-free IRA account. In fact, OptionsHouse is one of our recommended brokers for a retirement account.

For a regular, non-IRA account, it's a close call. Both brokerage firms are great! We would go with OptionsHouse, since they offer 100 free trades for new customers (promotional link below).

Non-IRA accounts have no account closing fee, which means that you could very easily and for free open accounts at both firms (in Zecco with no money down, with OptionsHouse you'll need $2000) and see for yourself which brokerage you like better.


Zecco Promotion Link
OptionsHouse Promotion Link

Optionshouse review



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