Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Scottrade vs Capital One Investing, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Scottrade and Capital One Investing both cost $6.95 per trade. Looking at options, the base fees charged are the same for both brokers, $6.95. Each contract then costs $0.75 at Capital One Investing and $0.70 at Scottrade for a difference in price of $0.05 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Scottrade and Capital One Investing provide clients with Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Scottrade boasts an offering of 13599 compared to Capital One Investing's 1202 available funds. Commission free ETFs also should not be forgotten, which in this case means trading a possible 0 funds at both brokers.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Scottrade offers virtual trading while Capital One Investing does not. Taking a look at mobile trading, Scottrade 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 offered by Capital One Investing while Scottrade offers Checking Accounts, Savings Accounts and Debit Cards. On the whole, when it comes to tools, research, and trading on the go, Neither Scottrade nor Capital One Investing were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Scottrade takes the upper hand with 4.00 stars over Capital One Investing's 3.00 stars.