Is Capital One Investing A Scam?- True Review Facts!
Name: Capital One Investing
Owner: Yvette Butler
Price: Free to sign up
Overall Rank: 7 Out of 10
There has been a lot of noise about Capital One Investing around the internet so I decided to put up this review to give everyone the benefit of doubt.
It would not surprise me if you told me you’ve heard of it. It also actually popular on the social media.
What is Capital One Investing all about?
Is this company legit or a scam?
This article will help you understand how exactly Capital One Investing works and simply answer the question is Capital One Investing is a scam?
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What Is Capital One Investing All About?
Capital One Investing is a brokerage firm that offers Advice, Stocks, Options, Automatic Investing, PortfolioBuilder.They are specializing in bonds, stocks, options, mutual funds, ETF’s, and similar financial instruments. It is not a bank.
It all starts with Capital One Financial acquired ShareBuilder, an online broker offering a host of investments services, including an automatic investing plan.
I was incredibly wary when Capital One Financial acquired ShareBuilder in 2012. I thought they would completely change everything and I might get a loss on a new investing platform, but it turns out that the new platform was one of my favorite.
In January 2015, they were renamed ShareBuilder to Capital One Investing, taking full effect in June 2015. Now, Capital One Investing becomes one of an online broker offering a host of investments services, including an automatic investing plan.
There are over 400 mutual funds and over 7,000 stocks and ETF’s available with Capital One.
Is Capital One Investing A Scam?
Capital One Investing isn’t a scam because it a member of SIPC and FINRA regulated brokerage firm.
See The Screenshot Below
(Courtesy of FINRA.Org)
Capital One Investing backups by Capital One Financial Corporation which has an A+ rating with the Better Business Bureau. Receiving an A+ from the Better Business Bureau is a sign of a very trustworthy company.
(Courtesy of BBB.Org)
Note: Like other broker firms, Capital One Investing is not FDIC insured.
I have been with them more than 5 years now and I don’t have any issue with them. I learned a lot of about investing in their Knowledge Center and get benefit from their automatic investing plan.
How Does Capital One Investing Work?
You’ll want to create Capital One Investing account to get started with them.
Their registration is fast and easy. And it is free to sign up to them.
You’ll have to choose what type of account you want to create. You have the options to choose from creating General investing (individual/joint account), Retirement (traditional IRA/Roth IRA), For your child (custodial/education savings account).
Additional features include: apply for options trading and apply for a margin account.
You are asked to put in your personal information like first and last name, date of birth, social security number and your citizenship and your personal contact information like your home address, email address, and phone number for contact information.
Then, you’ll have to put in your account details like your personal checking or savings account.
Next, you’ll want to agree with their terms and get your account opened.
What You’ll Get Inside Once Your Join
Once you join, you’ll gain access to the member’s area where you’re presented with tons of financial instruments.
Below Is A Screenshot Of Member’s Area.
Listed below are the list of services that you’ll gain access when you join:
This is about your account overview. You’ll find things like your account details, your profile setting, message center, and other forms and application.
This is all about your ShareBuilder plan where you can buy or sell stocks and ETFs.
You’ll find stocks quotes, how much cash is available to invest and get some express fund in here.
You can do an extensive research about markets, stocks, ETFs, Mutual funds, Bond funds, Options, IPOs (initial public offering), and find investments.
You’ll get details about your retirement account.
You’ll learn an extensive information about how to plan your retirement, difference between Traditional and Roth IRA, Rollover and Transfer of your retirement account’ and small business 401(k).
You can access to a team of advisors for getting started, managed your portfolios and get personalized advice. They also have FAQ here.
This is all about an investing education. You’ll learn all sorts of things ranging from funding your investment account and how does the Sharebuilder plan work to creating an income stream and buying call options.
What I Like About Capital One Investing
- Free to sign up and enable you to explore the platform.
- The platform is highly accessible and user-friendly
- Offer live chat if you run into any issues you can call or chat with them.
- No account maintenance and inactivity fees.
- Low-cost automatic investment plan.
What I Don’t Like About Capital One Investing
- The platform offer very basic trading tools.
- They don’t offer pre-market or after-hours trading.
- They don’t allow shorting stocks.
What Is The Cost Of Joining Capital One Investing?
Anyone can sign up to them for free. You can create an account with $0 cash or $2000 for a margin account.
Other fees associated with Capital One Investing include stocks and ETFs ($6.95), stocks and ETFs phone trades ($19.95), options ($6.95 + $0.75 per contract), Mutual funds ($19.95) and automatic investment (stocks, mutual funds, and ETFs $3.75).
My Final Opinion On Capital One Investing
This is a great brokerage firm which offers a good deal of tools, knowledge base and support. Capital One Investing is one of the more legitimate groups within an industry.
I would recommend it for those are looking to invest automatically (dollar-cost-average your investments) or want a cheap way to create a portfolio consisting of stocks and ETFs.
It is one of the best options available online that will definitely benefit those who have passive investment style.
Do you happen to have any previous experience with Capital One Investing you would like to share with everyone else today?
If you do so, tell me all about it in the comments below!
Thanks for reading.
All the best.