Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare Capital One Investing vs Ally Invest.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular 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. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. 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. Looking at mutual funds, Ally Invest boasts an offering of 10264 mutual funds compared to Capital One Investing's 1149 available funds. Commission free ETFs can also be valuable for customers, which is a wash in this comparison as both Capital One Investing and Ally Invest offer 0 commission free ETFs.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Capital One Investing nor Ally Invest offers virtual trading. Taking a look at mobile trading, Both Capital One Investing and Ally Invest offer clients access to an iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some 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, unfortunately, neither Capital One Investing nor Ally Invest received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Ally Invest takes the upper hand with 4.00 stars over Capital One Investing's 3.00 stars.