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 Interactive Brokers 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 $6.95 per stock trade which is $6.95 more than Interactive Brokers which charges clients $0.00 (the broker charges a per share rate instead) per trade. With options, the base fees charged are $6.95 (Capital One Investing) and $0.00 (Interactive Brokers). Each contract then costs $0.75 at Capital One Investing and $0.70 at Interactive Brokers for a difference in price of $0.05 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. Capital One Investing provides its clients with Stock Trading, Options Trading and Mutual Funds while Interactive Brokers gives clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Interactive Brokers boasts an offering of 8026 compared to Capital One Investing's 1202 available funds. Commission free ETFs also should not be forgotten, with Capital One Investing falling behind Interactive Brokers, offering 0 commission free etfs compared to Interactive Brokers's 33.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Interactive Brokers makes virtual trading available to clients, 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Capital One Investing while clients at Interactive Brokers can have none of these. On the whole, when it comes to tools, research, and trading on the go, Interactive Brokers was rated for Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2014, while Capital One Investing was rated for none of these.
Overall, Interactive Brokers comes out on top with 4.00 stars over Capital One Investing's 3.00 stars.