PROS / Capital One Investing has a low cost to buy stocks online.
CONS / This online brokerage only offers a few advanced options trading strategies.
VERDICT / Capital One Investing has relatively low trading costs, doesn't require an initial investment and offers risk vs. reward tools. However, this online stock trading service is lacking important features and doesn't offer much in the way of educational resources.
Capital One Investing is an online stock trading service offered by Capital One bank. This service's platform lacks some of the trading tools found on other platforms we reviewed, but its low cost may be appealing to some investors.
The online trading platform is visually clean and easy to navigate. When you are stock trading, you can easily choose what you would like to invest in, how many shares you would like to purchase and which funding source you will use for the trade. Before your trade is complete, you can review your order and an estimate of the total cost of your trade, including your trade fee. Selling is just as easy as buying in this user-friendly platform. Capital One Investing's platform is not as customizable as others we reviewed.
Mobile apps available for iPhone, iPad, Kindle Fire, Android and Blackberry enable you trade no matter where you are. The apps allow you to monitor your individual accounts and stay up to date on market news. You can place trades, get quotes, make transfers and view charts from a mobile device, but you are not able to create alerts or fund your account. Each app is customizable, and an information icon on the screen provides tips and instructions for using the app.
There is no minimum balance required when you open a Capital One Investing account. Online trades are priced at $6.95 and broker-assisted trades are only $19.95. The trade prices are average when compared with other online trading companies we reviewed, and the broker-assisted trades are on the low end. A key feature of Capital One Investing is automatic investing, which lets you schedule dollar-based investments on a weekly, bi-weekly or monthly basis. To use the automatic investment plan, all you have to do is select which stocks or bonds you want to invest in, set a dollar amount you would like to invest and create a schedule for your plan to follow.
The research section on this online broker's website provides up-to-date news and investment reports. It is conveniently divided by type of investments offered. Stocks, ETFs, mutual funds and options each have their own research page, offering insight into what the markets are doing in that category. Unfortunately, it does not offer webinars, seminars or live events like other services do.
Capital One Investing offers a good selection of online stock trading services and offers competitive pricing options. The uncluttered trading platform is easy to use, and the mobile apps offer additional convenience. The research section is well organized and provides good insights on investment options. Capital One Investing is a good choice for online stock trading, especially if you are interested in scheduling automatic trades.