Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Scottrade vs Capital One Investing to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Scottrade and Capital One Investing both cost $6.95 per trade. With options, the base fee is $6.95 for both Scottrade and Capital One Investing. Each option contract then costs $0.75 at Capital One Investing and $0.70 at Scottrade. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Scottrade and Capital One Investing provide clients with Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Scottrade boasts an offering of 13599 mutual funds compared to Capital One Investing's 1149 available funds. And, commission free ETFs deserve a comparison, which is a wash in this comparison as both Scottrade and Capital One Investing offer 0 commission free ETFs.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Scottrade makes virtual trading available to clients, while Capital One Investing does not. For mobile trading, Both Scottrade and Capital One Investing offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. 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. All factors considered, when it comes to platform tools, research, and mobile trading, both Scottrade and Capital One Investing found themselves without awards for 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 3.50 stars.