Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Capital One Investing vs TradeStation Securities, there is a huge database of information available to us.
To start this comparison, first we will take a look at the 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 TradeStation Securities's rate of $5.00 per trade. Looking at trading options, TradeStation Securities's base fee is $5.00 while Capital One Investing's is $6.95. Contracts are pricier at Capital One Investing, costing $0.75 versus $0.50 at TradeStation Securities, a difference of $0.25 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. TradeStation Securities provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Capital One Investing gives clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, TradeStation Securities boasts an offering of 4854 compared to Capital One Investing's 1202 available funds. Commission free ETFs also should not be forgotten, which for investors means access to 0 funds at both brokers.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. TradeStation Securities makes virtual trading available to clients, while Capital One Investing does not. Taking a look at mobile trading, Capital One Investing and TradeStation Securities both have a 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Capital One Investing while clients at TradeStation Securities can have none of these. On the whole, when it comes to tools, research, and trading on the go, TradeStation Securities posted awards for Best in Class - Platforms & Tools in 2014, while Capital One Investing found itself with none of these.
Overall, TradeStation Securities takes the upper hand with 3.50 stars over Capital One Investing's 3.00 stars.