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 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 $2.95 per trade. Looking at trading options, Firstrade's base fee is $2.95 while Capital One Investing's is $6.95. Option contracts are pricier at Capital One Investing, costing $0.75 versus $0.50 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 12603 different mutual funds while Capital One Investing has 1149 available funds, a difference of 11,454. Commission free ETFs can also be valuable for customers, with Capital One Investing falling behind Firstrade, offering 0 commission free ETFs compared to Firstrade's 703.
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 Firstrade 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. 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. On the whole, when it comes to tools, research, and mobile trading, unfortunately, neither Firstrade nor Capital One Investing received awards 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.