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Cobra Trading vs Ally Invest 2019

Is Ally Invest better than Cobra Trading? Based on over 4,000 data points from our 2019 annual broker review, Ally Invest (62.44%) is better than Cobra Trading (49.66%).

Ally Invest

Best for IRA Accounts Overall
Among the bank and brokerage combinations, Ally shines and competes with the best in the industry. Ally’s high-yield savings account is easy to use and offers competitive annual yields above 2%. Also, Ally does not nickel and dime its customers; it embraces no-fee banking. Read full review.

Cobra Trading

DasTrader Pro Broker - Open Account
Special Offer: Get a 50% comm. discount for 60 days.

Cobra Trading was founded in 2003 by Chadd Hessing as a direct-access, low-cost online brokerage for professional stock traders. While Cobra Trading offers multiple trading platforms and personalized service, trading costs are more expensive than leader Interactive Brokers. Read full review

Overall Rating

Feature Cobra Trading Ally Invest
Overall 2.5 3
Cobra Trading Review Ally Invest Review

Trading Fees

Feature Cobra Trading Ally Invest
Minimum Deposit $30,000.00 $0.00
Stock Trade Fee (per trade) N/A $0.00
ETF Trade Fee N/A $0.00
Options Base Fee N/A $0.00
Options Per Contract Fee $0.50 $0.50
Mutual Fund Trade Fee $25.00 $9.95
Broker Assisted Trades Fee $0.00 $20.00
Commissions & Fees 3 3.5
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Margin Rates

Feature Cobra Trading
Open Account
Ally Invest
Under $24,999.99 5.25% 9.50%
$25,000.00 to $49,999.99 5.25% 9.25%
$50,000.00 to $99,999.99 5.25% 8.50%
$100,000.00 to $249,999.99 5.25% 7.25%
$250,000.00 to $499,999.99 5.25% 6.25%
$500,000.00 to $999,999.99 5.25% 5.75%
Above $1,000,000.00 5.25% 5.00%
Commissions & Fees 3 3.5
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Account Fees

Feature Cobra Trading Ally Invest
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $95.00 $50.00
Returned ACH Fee $25.00 $30.00
Returned Wire Fee $25.00 $30.00
Stock Certificate Processing Fee N/A $300.00
Stock Certificate Delivery Fee N/A $300.00
Paper Statement Fee $2.00 $2.00
Paper Confirmation Fee $3.00 $1.00
Domestic Wire Fee $20.00 $30.00
International Wire Fee $50.00 N/A
Commissions & Fees 3 3.5

Investment Options

Feature Cobra Trading Ally Invest
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes Yes
Commission-Free ETFs 0 all
Mutual Funds (No Load)
0 11234
Mutual Funds (Total)
0 18728
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Advisor Services
No Yes
International Trading
No No
Offering of Investments 3 4
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Order Types

Feature Cobra Trading Ally Invest
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
No Yes
Order Type - MultiContingent
No No
Order Type - OCO
Yes Yes
Order Type - OTO
No Yes
Order Type - OTOCO
No No
Offering of Investments 3 4
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Trading Platforms

Feature Cobra Trading Ally Invest
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
30 21
Heat Mapping
No No
Platforms & Tools 3 2.5
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Charting Features

Feature Cobra Trading Ally Invest
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
36 117
Charting - Drawing Tools
9 36
Charting - Historical Trades
No No
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
8 5
Charting - Custom Studies
No No
Platforms & Tools 3 2.5
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Day Trading

Feature Cobra Trading Ally Invest
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
Streaming TV
No No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
No Yes
Short Locator
Yes No
Order Liquidity Rebates
Yes No
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Mobile Trading Apps

Feature Cobra Trading Ally Invest
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
No Yes
Trading - Option Rolling
No No
Touch / Face ID
No Yes
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Mobile App Features

Feature Cobra Trading Ally Invest
Watch List Syncing
No Yes
Stock Alerts
No No
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 3
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Research Overview

Feature Cobra Trading Ally Invest
Research - Stocks
Yes Yes
Research - ETFs
No Yes
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
No Yes
Research - Fixed Income
No No
Screener - Stocks
No No
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No Yes
Misc - Portfolio Builder
No Yes
Misc - Portfolio Allocation
No No
Research 1 2
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Stock Research

Feature Cobra Trading Ally Invest
Stock Research - Reports
0 2
Stock Research - Earnings
No Yes
Stock Research - Insiders
No Yes
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No Yes
Stock Research - Social
No No
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1 2
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ETF Research

Feature Cobra Trading Ally Invest
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No Yes
ETFs - Performance Analysis
No Yes
ETFs - Ratings
No Yes
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No Yes
Research 1 2
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Mutual Fund Research

Feature Cobra Trading Ally Invest
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No Yes
Mutual Funds - Fees Breakdown
No Yes
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No Yes
Research 1 2
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Options Trading

Feature Cobra Trading Ally Invest
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 8
Option Chains - Greeks
0 1
Option Chains - Quick Analysis
No Yes
Option Analysis - P&L Charts
No Yes
Option Probability Analysis
No Yes
Option Probability Analysis Adv
No No
Option Positions - Greeks
No Yes
Option Positions - Adv Analysis
No Yes
Option Positions - Rolling
No No
Option Positions - Grouping
No Yes
Platforms & Tools 3 2.5
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Beginners

Feature Cobra Trading Ally Invest
Has Education - Stocks
No Yes
Has Education - ETFs
No No
Has Education - Options
No Yes
Has Education - Mutual Funds
No Yes
Has Education - Fixed Income
No Yes
Has Education - Retirement
No Yes
Paper Trading
Yes No
Videos
No No
Webinars (Monthly Avg)
0 15
Webinars (Archived)
No No
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 0.5 3.5
Winner check_circle

Banking

Feature Cobra Trading Ally Invest
Retail Locations
0 0
Member FDIC
No Yes
Checking Accounts
No Yes
Savings Accounts
No Yes
Credit Cards
No Yes
Debit Cards
No Yes
Mortgage Loans
No Yes
No Fee Banking
No Yes
Banking 0.5 4
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Overall

Feature Cobra Trading Ally Invest
Cobra Trading Review Ally Invest Review
Overall 2.5 3
Winner check_circle

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Ally Invest vs Cobra Trading. Is Ally Invest or Cobra Trading a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. Ally Invest and Cobra Trading charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts run $0.50 a piece at both brokerages. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. Cobra Trading offers clients Stock Trading, Options Trading, Forex Trading and Futures Trading while Ally Invest offers Stock Trading, Options Trading, Mutual Funds and Forex Trading. When it comes to mutual funds, Ally Invest offers its clients access to 14000 different mutual funds while Cobra Trading has 0 available funds, a difference of 14,000.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Cobra Trading has virtual trading, Ally Invest doesn't. For mobile trading, Cobra Trading supports the iPhone App and Android App while Ally Invest supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Ally Invest while Cobra Trading offers customers none of these.

Overall, between Ally Invest and Cobra Trading, Ally Invest is the winner.

Ally Invest Review
Cobra Trading Review



All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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