OptionsHouse vs SpeedTrader

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Not all brokers are the same, sure they all offer the same products and whilst their customer service might be different choosing the wrong broker isn’t exactly going to affect your performance right!

Wrong! Choosing the wrong broker can have a serious affect on your performance. Why? Because different brokers have different platforms, some are suitable for big ticket traders, others are better for beginners just starting out.

So you need to make sure the broker you choose has all the tools you need to trade and delivers all the data you need at the right time. Getting either of these two things wrong could be a disaster.

To help you out we’ve compared these two proficient brokers to see what kind of traders they appeal to and why?

Products & Services
Broker	OptionsHouse	SpeedTrader
Rating	[rating:5/5]	[rating:3/5]
website	Visit the OptionsHouse Website	Visit the SpeedTrader Website
Our Review	Read Our OptionsHouse Review	Read Our SpeedTrader 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

There’s not much to choose between them in terms of services. One negative thing that stands out however is that SpeedTrader is one of the few brokers who still charge an annual IRA fee, so if you’re looking to manage your own IRA, OptionsHouse is the way to go.

Other than that they’re pretty much equal in terms of products and services. Most brokers these days offer all the major investment products so the real difference is going to come down to their respected trading platforms and of course price.

Trading Tools
	OptionsHouse	SpeedTrader
	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

Trading tools can make or break a broker; fortunately both these brokers have exceptional platforms with a wide range of tools to choose from. That’s where the similarity ends though.

SpeedTrader have a professional grade platform developed by a proprietary trading firm. They pride themselves on the speed of execution hence the name SpeedTrader. They also have a range of professional style tools suitable for intermediate and advanced traders including level 2 data.

OptionsHouse is more of an all round broker, they don’t offer level 2 data so they’re not suitable for day traders. But they do have a full range of options tools available. So if you’re an intermediate trader with a small to medium sized account OptionsHouse is the way to go.

Summary

So which broker is right for you? Well if you’re an advanced trader who trades frequently and have an account balance in excess of $50,000 SpeedTrader would be a good choice. They have a full professional tool set perfect for more advanced traders and day traders.

If you trade smaller amounts and don’t require level 2 data OptionsHouse will suit you better. Their trading platform is more than adequate for intermediate traders and they have exceptionally low pricing whilst still offering excellent customer service.

OptionsHouse is the better all round broker, they provide everything 90% of all traders will ever need. SpeedTrader on the other hand appeal to maybe only 5% of traders. They offer some great technical tools and a direct access platform but most traders will find that overkill for their needs.

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