Using data from our latest annual broker review which tested more than a dozen 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. Ally Invest's per contract rate of $0.65 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. 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. As far as mutual funds go, Capital One Investing trails Ally Invest by 9,115 total mutual funds, with Ally Invest offering 10264 and Capital One Investing offering 1149. 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. Neither broker offers virtual trading. For mobile trading, Both Capital One Investing and Ally Invest 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 found at Capital One Investing alongside Ally Invest. 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.
Overall, both Capital One Investing and Ally Invest are rated 3.50 stars.