PROS / Capital One Online stock trades cost $6.95.
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, it doesn't offer many educational resources.
Online stock trading broker Capital One Investing, by Capital One, lacks some of the trading tools found on other platforms we reviewed, like automated trading and forecasting, but its low cost may be appealing to some investors.
The online trading platform is visually uncluttered and easy to navigate. When you are trading, you can easily choose what you want to invest in, how many shares you want 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 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 cost $19.95. The trade prices are average compared with other online trading companies we reviewed, and the broker-assisted trades are on the low end. A unique feature of Capital One Investing, however, is automatic investing, which lets you schedule dollar-based investments on a weekly, biweekly or monthly basis. To set up automatic investing, you 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.
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. 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 competitive pricing. The uncluttered trading platform is easy to use, and the mobile apps offer additional convenience. The research section is well organized and provides insights on investment options. Capital One Investing is a good choice for online stock trading, especially if you are interested in scheduling automatic trades.