Using data from the StockBrokers.com 2017 Broker Review which tested 16 different online brokers
over six months, we can compare Capital One Investing vs Ally Invest 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. Capital One Investing, with its regular stock trades costing $6.95, is more expensive than Ally Invest's rate of $4.95 per trade. Looking at trading options, Ally Invest's base fee is $4.95 while Capital One Investing's is $6.95. Option contracts are pricier at Capital One Investing, costing $0.75 versus $0.65 at Ally Invest. 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. Ally Invest supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Capital One Investing supports Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Ally Invest boasts an offering of 10138 mutual funds compared to Capital One Investing's 1202 available funds. 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. Ally Invest has virtual trading, Capital One Investing doesn't. For mobile trading, Ally Invest offer clients access to an iPhone App and Android App while Capital One Investing has an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Both Capital One Investing and Ally Invest offer Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. All factors considered, when it comes to platform tools, research, and mobile trading, both Capital One Investing and Ally Invest found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2017.
Overall, Ally Invest boasts 4.00 stars versus Capital One Investing's 3.00 stars.