OptionsHouse vs OptionsXpress

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If you’re looking for a new broker you could do a lot worse than choosing one of these two. We rate both OptionsHouse and OptionsXpress very highly, awarding them both 5 stars in our independent reviews.

And with good reason, OptionsHouse is one of the cheapest brokers around and yet still manage to offer excellent customer service and a powerful trading platform.

OptionsXpress are quite expensive compared to OptionsHouse but do have one of the most advanced trading platforms available form any retail broker. Add to that award winning customer service and you have a very capable broker.

But which one is right for you? Keep reading to find out.

Products & Services
Broker	OptionsHouse	OptionsXpress
Rating	[rating:5/5]	[rating:5/5]
website	Visit the OptionsHouse Website	Visit the OptionsXpress Website
Our Review	Read Our OptionsHouse Review	Read Our OptionsXpress Review
	Bank Deposits	Bank Deposits
	Bonds	Bonds
	Certificates of Deposits	Certificates of Deposits
	Day Trading	Day Trading
Services	Extended Hours Trading	Extended Hours Trading
	ETFs	ETFs
	IRAs	IRAs
	Mutual Funds	Mutual Funds
	Trading Community	Trading Community

Services Overview

Both brokers are identical when it comes to services; they both offer all the products you would expect from a professional brokerage firm. Including the obvious stocks, ETFs, mutual funds and both standard and Roth IRAs.

Neither broker offers Certificates of Deposits, but since they’re available from any high street bank that’s not really going to be a problem.

It’s very difficult to separate these two or any other broker for that matter purely on services offered. They pretty much have all the bases covered, so the difference is going to come down to their respected trading platforms.

Trading Tools
	OptionsHouse	OptionsXpress
	Automated Trading	Automated Trading
	Investor Resource Center	Investor Resource Center
	Mobile Trading	Mobile Trading
	Online Advisor	Online Advisor
Trading Tools	Profit & Loss Calculator	Profit & Loss Calculator
	Streaming Charts	Streaming Charts
	Stock & Fund Screeners	Stock & Fund Screeners
	Tables & Graphs	Tables & Graphs
	Training & Education	Training & Education
	Virtual Trading	Virtual Trading

Trading Tools Overview

As I mentioned previously, OptionsXpress have one of the best trading platforms around. It has a multitude of professional grade tools, such as position analyzer, volatility view and a number of powerful screening tools.

And yet remains extremely easy to use, this is one click trading at its very best. One click trading is a bit of a metaphor, I don’t know of a platform that requires just one click of the mouse to make a trade, sometimes you have to click several times. But with OptionsXpress a trade can be executed with just two clicks from anywhere within the system.

OptionsHouse also have an excellent trading platform, but it’s not as easy to use as the OptionsXpress platform. It feels a little clunky having just come from the OptionsXpress platform, but taken in isolation it’s a fully functioning trading platform with all the tools an intermediate trader is ever likely to need.

Summary

To sum-up then, you can’t really go wrong with either of these two brokers, if you maintain a large account and regularly make significant trades OptionsXpress is the perfect broker for you.

If on the other hand you’re an experienced trader but operate a more modest sized account, then OptionsHouse is the way to go. Their extremely competitive fees are backed up by exceptional customer service and a powerful trading platform.

Neither broker is really suitable for a complete beginner. Rookies would be much better served by using a broker like Zecco or TradeKing who have some excellent beginners training and wonderful trading communities for you to immerse yourself in.

But for everyone else these are two of the best brokers around.

You may also like:

1. Zecco vs OptionsXpress
2. Zecco vs OptionsHouse
3. TradeKing vs OptionsXpress
4. TradeKing vs OptionsHouse
5. OptionsHouse Review
6. OptionsXpress Review