Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Firstrade vs Capital One Investing, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Capital One Investing charges more than Firstrade for placing regular stock trades ($6.95 and $4.95, respectively). With options, the base fees charged are $6.95 (Capital One Investing) and $4.95 (Firstrade). Each contract then costs $0.75 at Capital One Investing and $0.65 at Firstrade for a difference in price of $0.10 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Firstrade alongside Capital One Investing offer clients Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Capital One Investing trails Firstrade by 10,989.00 total funds, with Firstrade offering 12191 and Capital One Investing offering 1202. Commission free ETFs also should not be forgotten, with Capital One Investing falling behind Firstrade, offering 0 commission free etfs compared to Firstrade's 12.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Neither broker offers virtual trading. Taking a look at mobile trading, Firstrade offers the iPhone App and Android App while Capital One Investing offers the 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. Clients can have Checking Accounts and Debit Cards at Firstrade while clients at Capital One Investing can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and trading on the go, Unfortunately, neither Firstrade nor Capital One Investing received awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Firstrade boasts 3.50 stars versus Capital One Investing's 3.00 stars.