Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we assessed 16 brokers on 308 different variables. Yielding a database of over 5,000 data points, let's compare Firstrade 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, with its regular stock trades costing $6.95, is more expensive than Firstrade's rate of $4.95 per trade. For options trading, Capital One Investing has a base fee of $6.95, and Firstrade a base fee of $4.95. Option contracts are pricier at Capital One Investing, costing $0.75 versus $0.65 at Firstrade. 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. Firstrade and Capital One Investing provide clients with Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Firstrade offers its clients access to 12191 different mutual funds while Capital One Investing has 1202 available funds, a difference of 10,989.00. Commission free ETFs can also be valuable for customers, with Firstrade having the upper hand thanks to its 12 available commission free ETFs compared to Capital One Investing's offering of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Firstrade nor Capital One Investing offers virtual trading. Taking a look at mobile trading, Firstrade supports the iPhone App and Android App while Capital One Investing supports 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. Checking Accounts and Debit Cards are available to clients of Firstrade while Capital One Investing offers customers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, both Firstrade and Capital One Investing found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2017.
Overall, Firstrade takes the upper hand with 3.50 stars over Capital One Investing's 3.00 stars.