Comparing brokers side by side is no easy task. For our 2017 Broker Review, we assessed 16 brokers on 308 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, with its regular stock trades costing $6.95, is more expensive than Robinhood's rate of $0 per trade. Looking at trading options, Capital One Investing's base fee is $6.95 while Robinhood's is $N/A. Capital One Investing's per contract rate of $0.75 is less than Robinhood which charges $N/A. 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. Capital One Investing supports Stock Trading, Options Trading and Mutual Funds while Robinhood supports Stock Trading. Looking at mutual funds, Capital One Investing boasts an offering of 1202 mutual funds compared to Robinhood's 0 available funds. Commission free ETFs can also be valuable for customers, which for investors means access to 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. Robinhood nor Capital One Investing offers virtual trading. Taking a look at mobile trading, Robinhood 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 clients of Capital One Investing while Robinhood offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, both Robinhood and Capital One Investing found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2017.
Overall, Capital One Investing takes the upper hand with 3.00 stars over Robinhood's 2.50 stars.