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