Using data from our latest annual broker review which tested more than a dozen 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 charges more than Firstrade for placing regular stock trades ($6.95 and $2.95, respectively). For options trading, Capital One Investing has a base fee of $6.95, and Firstrade a base fee of $2.95. Each option contract then costs $0.75 at Capital One Investing and $0.50 at Firstrade. 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, Capital One Investing trails Firstrade by 11,454 total mutual funds, with Firstrade offering 12603 and Capital One Investing offering 1149. And, commission free ETFs deserve a comparison, with Capital One Investing falling behind Firstrade, offering 0 commission free ETFs compared to Firstrade's 703.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Neither Firstrade and Capital One Investing offer virtual trading. For mobile trading, Firstrade and Capital One Investing both have a 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 takes the upper hand with 4.00 stars over Capital One Investing's 3.50 stars.