Using data from the StockBrokers.com 2017 Broker Review which tested 16 different online brokers
over six months, we can compare Firstrade 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 Firstrade's rate of $4.95 per trade. Looking at trading options, Firstrade's base fee is $4.95 while Capital One Investing's is $6.95. Firstrade'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. Firstrade alongside Capital One Investing offer clients Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Firstrade offers its clients access to 12191 different mutual funds while Capital One Investing has 1202 available funds, a difference of 10,989. And, commission free ETFs deserve a comparison, Firstrade offers 12 commission free ETFs versus Capital One Investing's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Firstrade nor Capital One Investing offers virtual trading. For mobile trading, Firstrade offers the iPhone App and Android App while Capital One Investing offers the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts and Debit Cards at Firstrade while customers at Capital One Investing can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All factors considered, when it comes to platform tools, research, and mobile trading, neither Firstrade nor Capital One Investing were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Firstrade comes out on top with 3.50 stars over Capital One Investing's 3.00 stars.