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 Robinhood 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 $6.95 per stock trade which is $6.95 more than Robinhood which charges customers $0 per trade. For options trading, Capital One Investing has a base fee of $6.95, and Robinhood a base fee of $0. Robinhood's per contract rate of $0 is less than Capital One Investing which charges $0.75. 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. Robinhood offers clients Stock Trading and Options Trading while Capital One Investing offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Capital One Investing offers its clients access to 1149 different mutual funds while Robinhood has 0 available funds, a difference of 1,149. Commission free ETFs can also be valuable for customers, which in this case means trading a possible N/A commission free ETFs at both brokers.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither Robinhood and Capital One Investing offer virtual trading. Taking a look at mobile trading, Robinhood along with Capital One Investing both support the 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Capital One Investing while customers at Robinhood can have none of these. On the whole, when it comes to tools, research, and mobile trading, unfortunately, neither Robinhood nor Capital One Investing received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Capital One Investing takes the upper hand with 3.50 stars over Robinhood's 2.50 stars.