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 charge the same amount for regular stock trades, $6.95. With options, the base fee is $6.95 for both Scottrade and Capital One Investing. Scottrade's per contract rate of $0.70 is less than Capital One Investing which charges $0.75. 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. Both Scottrade and Capital One Investing support Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Scottrade offers its clients access to 13599 different mutual funds while Capital One Investing has 1149 available funds, a difference of 12,450. And, commission free ETFs deserve a comparison, which in this case means trading a possible 0 commission free ETFs at both brokers.
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. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Capital One Investing while customers at Scottrade can have Checking Accounts, Savings Accounts and Debit Cards. All factors considered, when it comes to platform tools, research, and mobile trading, 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 boasts 4.00 stars versus Capital One Investing's 3.00 stars.