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 Interactive Brokers 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 charges $6.95 per stock trade which is $6.95 more than Interactive Brokers which charges customers $0 (the broker charges a per share rate instead) per trade. For options trading, Capital One Investing has a base fee of $6.95, and Interactive Brokers a base fee of $0. Each option contract then costs $0.75 at Capital One Investing and $0.70 at Interactive Brokers. 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. Capital One Investing offers clients Stock Trading, Options Trading and Mutual Funds while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Interactive Brokers boasts an offering of 10051 mutual funds compared to Capital One Investing's 1149 available funds. Commission free ETFs can also be valuable for customers, with Capital One Investing falling behind Interactive Brokers, offering 0 commission free ETFs compared to Interactive Brokers's 45.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Interactive Brokers offers virtual trading while Capital One Investing does not. Taking a look at mobile trading, Interactive Brokers along with Capital One Investing both support 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, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Capital One Investing while Interactive Brokers offers Debit Cards. On the whole, when it comes to tools, research, and mobile trading, Interactive Brokers finished with awards Best in Class - Mobile Trading, while Capital One Investing came up with none of these.
Overall, Interactive Brokers boasts 4.50 stars versus Capital One Investing's 3.50 stars.