Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Ally Invest vs Cobra Trading.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Ally Invest and Cobra Trading have equal fees for trading stocks (equities), $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts cost $0.50 each at both brokerages. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. Cobra Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading while Ally Invest supports Stock Trading, Options Trading, Mutual Funds and Forex Trading. Looking at mutual funds, Ally Invest boasts an offering of 18728 mutual funds compared to Cobra Trading's 0 available funds.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Cobra Trading offers virtual trading while Ally Invest does not. Taking a look at mobile trading, Cobra Trading offers the iPhone App and Android App while Ally Invest offers the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some 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