Back when I used Windows, I always used WinRAR for file compression and decompression. It had a fair amount of options like 'just storage' vs 'hard compression', password protection and archive type.
Now that I use Mac OSX, the only compression possibility I have is the default Finder's Compress to Zip. I downloaded the most popular decompression software "Unarchiver". But this app can't compress other archive types either.
I went for a search but there seem to be hardly any good advanced compression tools that work nice in OSX and have the options WinRAR has. (WinRAR works in OSX but command line only, I'm looking for something with a GUI.)