Using data from the StockBrokers.com 2017 Broker Rankings
, we can compare Charles Schwab vs Capital One Investing to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Capital One Investing, with its regular stock trades costing $6.95, is more expensive than Charles Schwab's rate of $4.95 per trade. Looking at trading options, Charles Schwab's base fee is $4.95 while Capital One Investing's is $6.95. Charles Schwab's per contract rate of $0.65 is less than Capital One Investing which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Capital One Investing provides its clients with Stock Trading, Options Trading and Mutual Funds while Charles Schwab provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Capital One Investing trails Charles Schwab by 3,963.00 total mutual funds, with Charles Schwab offering 5165 and Capital One Investing offering 1202. And, commission free ETFs deserve a comparison, with Capital One Investing falling behind Charles Schwab, offering 0 commission free ETFs compared to Charles Schwab's 229.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Charles Schwab nor Capital One Investing offers virtual trading. For mobile trading, Charles Schwab along with Capital One Investing both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are found at Charles Schwab alongside Capital One Investing. All factors considered, when it comes to platform tools, research, and mobile trading, Charles Schwab finished with awards Best in Class - Platforms & Tools and Best in Class - Research in 2017, while Capital One Investing came up with none of these.
Overall, Charles Schwab comes out on top with 4.50 stars over Capital One Investing's 3.00 stars.