Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Merrill Edge 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. Merrill Edge and Capital One Investing have equal fees for trading stocks (equities), $6.95 per trade. For options trading, both Merrill Edge and Capital One Investing charge the same base fee of $6.95. Option contracts at both of the brokerages are the same at $0.75 each. 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. Merrill Edge and Capital One Investing provide clients with Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Merrill Edge boasts an offering of 3688 mutual funds compared to Capital One Investing's 1149 available funds. And, commission free ETFs deserve a comparison, which in this case means trading a possible 0 commission free ETFs at both brokers.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Merrill Edge nor Capital One Investing offers virtual trading. For mobile trading, Merrill Edge along with Capital One Investing both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Both Merrill Edge and Capital One Investing offer Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All factors considered, when it comes to platform tools, research, and mobile trading, Merrill Edge was rated Best in Class - Research, while Capital One Investing was rated none of these.
Overall, Merrill Edge comes out on top with 4.00 stars over Capital One Investing's 3.00 stars.