Comparing brokers side by side is no easy task. For our 2017 Broker Review, we assessed 16 brokers on 308 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 more than Interactive Brokers for placing regular stock trades ($6.95 and $0 (the broker charges a per share rate instead), respectively). With options, the base fees charged are $6.95 (Capital One Investing) and $0 (Interactive Brokers). 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 supports Stock Trading, Options Trading and Mutual Funds while Interactive Brokers supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Interactive Brokers offers its clients access to 8026 different mutual funds while Capital One Investing has 1202 available funds, a difference of 6,824. Commission free ETFs can also be valuable for customers, with Interactive Brokers having the upper hand thanks to its 33 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. Interactive Brokers offers virtual trading while Capital One Investing does not. Taking a look at mobile trading, Both Interactive Brokers 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. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Capital One Investing while Interactive Brokers offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, Interactive Brokers was rated Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2017, while Capital One Investing was rated none of these.
Overall, Interactive Brokers comes out on top with 4.00 stars over Capital One Investing's 3.00 stars.