- Low commissions
- No account minimum
- No account fees
- Robust mobile apps
- Emphasis on options trading
- Little access to international markets
OptionsHouse caters to options traders but has other offerings as well. Its trade commissions -- $3.95 per trade -- are among the lowest around, though mutual fund transactions cost more. It gets high marks for customer service and education and has a number of mobile applications, including one for the iPad. If you want a broader range of investment offerings, reviewers say that Fidelity (*Est. $7.95 per trade) may be a good fit.
We found reviews of OptionsHouse from Barron's as well as the review sites TopTenReviews.com and Stockbrokers.com.
Our Sources
1. Barron's
Barron's ranks OptionsHouse fifth of the 27 brokers included in its 2012 review, awarding it 4 out of 5 stars overall and listing it as one of the top brokers for options traders. OptionsHouse gets its highest ratings in the areas of mobile apps and research amenities. It scores lowest for its range of investment products.
Review: Cut the Cord, Theresa W. Carey, March 12, 2012
2. TopTenReviews.com
This review site ranks OptionsHouse second of the 18 brokers included in its comparison chart. The reviewer writes, "OptionsHouse is a stellar online stock trading service with low fees and powerful trading tools."
Review: OptionsHouse Review, Editors of TopTenReviews.com
3. Stockbrokers.com
Stockbrokers.com ranks OptionsHouse 13th of 24 brokers and gives it high marks for its low costs and the usability of its trading platform. For 2012, this broker receives Best in Class awards for commissions & fees, ease-of-use and options trading. The reviewer observes, "OptionsHouse delivers with ultra competitive commissions and quality trade tools for options traders."
Review: OptionsHouse Review, Editors of Stockbrokers.com
Online Brokers Runners Up:
5 picks including: Barron's, Kiplinger.com…
4 picks including: Barron's, Kiplinger.com…
4 picks including: Barron's, Kiplinger.com…
3 picks including: Barron's, J.D. Power & Associates…
2 picks including: Barron's, Technical Analysis of Stocks & Commodities Magazine…
2 picks including: Kiplinger.com, TopTenReviews.com…
2 picks including: Barron's, Kiplinger.com…
2 picks including: Barron's, TopTenReviews.com…
2 picks including: J.D. Power & Associates, ConsumerReports.org…
Best Reviewed
Online Brokers
- Best online broker overall Fidelity *Est. $7
- Best discount broker Scottrade *Est. $7
- Best for active traders Interactive Brokers *Est. $0
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