The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Capital One Investing vs Ally Invest. Is Capital One Investing or Ally Invest a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Capital One Investing, with its regular stock trades costing $6.95, is more expensive than Ally Invest's rate of $4.95 per trade. With options, the base fees charged are $6.95 (Capital One Investing) and $4.95 (Ally Invest). Each option contract then costs $0.75 at Capital One Investing and $0.65 at Ally Invest. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. Ally Invest offers clients Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Capital One Investing offers Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Capital One Investing trails Ally Invest by 9,115 total mutual funds, with Ally Invest offering 10264 and Capital One Investing offering 1149. Commission free ETFs can also be a nice plus, which for investors means access to 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Neither broker offers virtual trading. For mobile trading, Capital One Investing and Ally Invest both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are found at Capital One Investing alongside Ally Invest. On the whole, when it comes to 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.
Overall, both Capital One Investing and Ally Invest share a rating of 3.50 stars.