Cheap online stock trading is officially here, or so I gathered by doing a comparison on all these online stock trading brokers. With OptionsHouse at $2.95 a trade and Zecco at $0 for qualified customers and $4.50 otherwise, the competition is on. This comparison looks into who the real winners are in cheap online stock trading.
OptionsHouse
OptionsHouse really put on a show when it became a $2.95 per stock trade broker. In fact, the options commission is really low as well at $9.95 no matter how many contracts exchange hands.
Click Here to Sign Up for a OptionsHouse Account
Zecco
We know the drill on Zecco. 25 free stock trades if you have at least $25,000 or if you trade 25 times a month. Otherwise, it’s $4.50 per trade which isn’t too shabby either. Options fees are $4.50 per trade plus $0.50 per contract.
Click Here to Sign Up for a Zecco Account
What Else?
You know, there’s quite a few bad press on Zecco, from bad customer rep to erroneous purchasing power. However, I’ve never had a problem with the broker and I have enjoyed the low trading fees for a long time now. Zecco also have Zecco Forex, which is a nice addition if you are into forex trading because you don’t have to spread your funds to tons of different accounts.
OptionsHouse on the other hand has a ton of good press. There seems to be many people who really have a great experience with the broker. What I like about OptionsHouse is all the free education because it really shows that the people who run the show knows about trading. This translate to a great interface and tools that are developed to be easy to use.
Which One is for Me?
They are really similar and you really couldn’t go wrong with either stock brokers. But to determine which is right for you, look into your trading history. How many times do you trade per month? How much do you plan to deposit into your investment account? These are the questions that only you can answer but run the numbers and your answer will be staring you in the face. Yes, I know price isn’t the only thing but they are so similar and after all, we are talking cheap online stock trading here.
Click Here to Sign Up for a OptionsHouse Account
Click Here to Sign Up for a Zecco Account
- OptionsHouse – Official Site
- Zecco – Official Site
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{ 2 comments… read them below or add one }
I did not know about optionshouse. I may check that out.
The commissions may be cheap but the other features like fill quality, speed, accuracy, and customer service are important too. Thus it is ultimately about total value. One good way is to test the broker for a while with a small account and then as the broker proves themselves, increase the account balance and number of trades.