Optionshouse vs Scottrade vs Tradeking vs Zecco: 2014 Comparison Chart

Scottrade vs Optionshouse vs TradeKing vs Zecco: Review

In 2012 TradeKing and Zecco merged into one company creating the sixth largest brokerage house in the United States. Customers of both firms now have identical accounts with the same features and pricing. To simplify this online broker comparison, we will leave Zecco out of the discussion.

Let’s talk about pricing first. For stocks and ETFs, Optionshouse is the best priced broker out of the three — charging just $4.75 per trade. For years the firm have been one of the top choices for active investors and for options traders. TradeKing is at the second spot, with $4.95 per trade rate. Scottrade is at the end of the list, charging $7 per trade. Optionshouse and TradeKing have the same rate on no-load transaction-fee mutual funds trades: $9.95. Scottrade is, again, last with $17 commission on mutual funds transactions.

Scottrade and TradeKing got the highest ratings in customer service — the former has the highest level of customer satisfaction, and the latter is named Best in Customer Service by Smart Money magazine. All brokers in this review provide their clients with good independent third-party investment research.

Optionshouse and TradeKing offer versatile trading tools that have more than enough features and speed to satisfy most investors. Scottrade’s trading tools are intuitive and easy-to-use even for beginners.

TradeKing created the best online trader community among online brokers: its users can ask questions, learn from more advanced investors and even get investment ideas. Because of that, plus the absence of broker-assisted surcharge, and thanks to tons of helpful educational resources, we believe TradeKing is the Best Brokerage for Beginners.

Scottrade vs Optionshouse vs Tradeking vs Zecco: Recommendations

We strongly recommend Optionshouse to active investors, mutual funds, buy-and-hold investors and options traders.

TradeKing would be the best brokerage firm for anyone who is new to investing.

Scottrade is our recommendation to those who only want to invest with one of the largest, best-known brokerage houses in the United States.

You could also easily open accounts at more than one firm, and see which one you would enjoy more — non-IRA accounts don’t have account closing fee.

Make sure to read more detailed reviews, containing promotional deals. for Optionshouse (Optionshouse review ), Tradeking (Tradeking review ) and Scottrade (Scottrade review ).

Promotions

Scottrade: —>

Optionshouse:

Tradeking: (Refer a friend and both receive $50)