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Compare Scottrade vs OptionsHouse and see which is better. View side-by-side comparison of costs and benefits. Read OptionsHouse and Scottrade reviews and ratings at CreditDonkey. Regarding other OptionsHouse vs Scottrade mobile services, OptionsHouse beats Scottrade by offering multi-leg options, mutual fund trading, and account application. On the other hand, Scottrade offers international trading.
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CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Scottrade Review With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review.
OptionsHouse OptionsHouse is one of the lesser known online brokerages, but we think it deserves attention. Why is Scottrade So Expensive? In fact, almost every item costs more at Scottrade. Such high fees might indicate a better service, you might say. But is Scottrade good enough to justify such exorbitant fees? We will find out right away, as we concentrate on the trading platforms. OptionsHouse has a simple interface where it is easy to pull up quotes.
However, streaming charts are less clear and harder to customize. When we consider their narrow choice of tools and studies, streaming charts are disappointing. Still, the customers of the OptionsHouse trading platform can sell on the chart itself, which is rare among online brokers, and they can see their past buys.
Streaming Quotes is easy to use and has nice company profiles, but there is one major issue: Free Money Management Software. Not surprisingly, considering its name, the OptionsHouse trading platform has great options capabilities. But the most interesting among them is strategySEEK , which shows the option screener.
Offering simple commands, it lets the user drag and drop to set the price. Then the user can check the appropriate strategies, place the trade, analyze it, or start again. OptionsHouse has a big and impressive spectrum of tools for options traders. The customizable streaming option chain has thirty optional columns. When the user wants to analyze an option, a window pops up showing risk and reward, a chart, key events, and emoticons revealing the good and bad sides of the option.
The OptionsHouse trading platform also includes a spectral analysis of the data. A simple and intuitive interface lets you customize options and move them around freely. Scottrade had a tool for option trading called OptionsFirst. Yes, it was what it sounds like: When the two companies broke their partnership in April , Scottrade partnered with Interactive Brokers to use their platform not the best of solutions.
It does offer SmartText, an analysis tool that gives the user simple explanations of what charts, industries, and earnings mean. This robotic investment advisor is a unique feature of Scottrade. OptionsHouse provides stock research with information about companies. However, there were OptionsHouse complaints claiming that the research function was unclear and hard to understand. What is more, OptionsHouse provides only Fundamental Report Cards, with no comparisons with other companies, no third-party research reports, and no SEC filings.
In short, research is weak in both companies, but Scottrade wins this round of Scottrade vs OptionsHouse because of SmartText. In , OptionsHouse introduced Trigger Alerts, becoming the first brokerage that lets its users pair custom orders with price alerts. In plain language, it means that the app lets you set up an order based on a particular market move.
Once Ford shares have fallen, your mobile will launch an alert and ask you whether to move on with the order. Even though it is an extremely useful feature, we noticed some OptionsHouse complaints regarding the app. This compensation may impact how and where products appear on this site including, for example, the order in which they appear.
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All these top lists just go to show that Scottrade vs OptionsHouse is a small part of a wider, fierce fight for customers among various online brokerages.
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