Using data from the StockBrokers.com 2017 Broker Review which tested 16 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. With options, the base fee is $6.95 for both Merrill Edge and Capital One Investing. Option contracts cost $0.75 each at both brokerages. 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. Both Merrill Edge and Capital One Investing support Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Merrill Edge offers its clients access to 7649 different mutual funds while Capital One Investing has 1202 available funds, a difference of 6,447. 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, Both Merrill Edge and Capital One Investing offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to customers of Merrill Edge and Capital One Investing. All factors considered, when it comes to platform tools, research, and mobile trading, Merrill Edge finished with awards Best in Class - Research in 2017, while Capital One Investing came up with none of these.
Overall, Merrill Edge takes the upper hand with 4.00 stars over Capital One Investing's 3.00 stars.