Before you can start investing in stocks or funds, you’ll need to open a brokerage account to start placing your trades. But with so many brokers out there to choose from, and so many features on which to compare them, selecting the best brokerage can be a chore.
We’ll simplify it today by looking at just two popular brokerages, Capital One and Interactive Brokers, to compare them on criteria that long-term investors should care about most.
No matter which broker you ultimately choose, you’ll find that trading costs are very affordable. In general, prices tend to vary only by a few dollars, which makes price just one of many factors to consider when selecting a brokerage account. Here’s how these two brokers compare on the basis of trading costs by type of investment.