The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Merrill Edge vs Capital One Investing. Is Merrill Edge or Capital One Investing a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. 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. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. Merrill Edge and Capital One Investing provide clients with Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Merrill Edge boasts an offering of 3688 mutual funds compared to Capital One Investing's 1149 available funds. Commission free ETFs can also be a nice plus, which in this case means trading a possible 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Neither broker 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. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are found at Merrill Edge alongside 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 boasts 4.50 stars versus Capital One Investing's 3.50 stars.