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 Merrill Edge 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. 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 run $0.75 a piece at both brokerages. 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. Both Merrill Edge and Capital One Investing support Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Merrill Edge offers its clients access to 3688 different mutual funds while Capital One Investing has 1149 available funds, a difference of 2,539. Commission free ETFs can also be valuable for customers, which in this case means trading a possible 0 commission free ETFs at both brokers.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Merrill Edge nor Capital One Investing offers virtual trading. Taking a look at mobile trading, Merrill Edge and Capital One Investing both have a 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 customers of Merrill Edge and Capital One Investing. On the whole, when it comes to tools, research, and mobile trading, neither Merrill Edge nor Capital One Investing were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Merrill Edge takes the upper hand with 4.50 stars over Capital One Investing's 3.50 stars.