Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare Charles Schwab vs Capital One Investing.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Capital One Investing charges more than Charles Schwab for placing regular stock trades ($6.95 and $4.95, respectively). Looking at trading options, Charles Schwab's base fee is $4.95 while Capital One Investing's is $6.95. Each option contract then costs $0.75 at Capital One Investing and $0.65 at Charles Schwab. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. Capital One Investing offers clients Stock Trading, Options Trading and Mutual Funds while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Capital One Investing trails Charles Schwab by 4,360 total mutual funds, with Charles Schwab offering 5509 and Capital One Investing offering 1149. Commission free ETFs can also be valuable for customers, with Capital One Investing falling behind Charles Schwab, offering 0 commission free ETFs compared to Charles Schwab's 244.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither broker offers virtual trading. Taking a look at mobile trading, Both Charles Schwab and Capital One Investing offer clients access to an iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to customers of Charles Schwab and Capital One Investing. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab was rated Best in Class - Platforms & Tools and Best in Class - Research, while Capital One Investing was rated none of these.
Overall, Charles Schwab boasts 4.50 stars versus Capital One Investing's 3.50 stars.