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Cobra Trading vs Charles Schwab 2019

Is Charles Schwab better than Cobra Trading? After scoring brokers on over 4,000 data points for our 2019 review, Charles Schwab (84.06%) is better than Cobra Trading (49.66%).

Charles Schwab

Best for IRA accounts - Open Account
Special Offer: $0 online stock, ETF, and options commissions at Schwab.

For investors seeking access to $0 stock and ETF trades alongside excellent research tools for performing market analysis, Charles Schwab will not disappoint. Charles Schwab is also our number one pick for IRA accounts and broader retirement investing. 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 Charles Schwab
Overall 2.5 4
Cobra Trading Review Charles Schwab Review

Trading Fees

Feature Cobra Trading Charles Schwab
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 $0.65
Mutual Fund Trade Fee $25.00 $49.95
Broker Assisted Trades Fee $0.00 $25.00
Commissions & Fees 3 4.5
Winner check_circle

Margin Rates

Feature Cobra Trading
Open Account
Charles Schwab
Open Account
Under $24,999.99 5.25% 9.33%
$25,000.00 to $49,999.99 5.25% 8.83%
$50,000.00 to $99,999.99 5.25% 7.88%
$100,000.00 to $249,999.99 5.25% 7.83%
$250,000.00 to $499,999.99 5.25% 7.58%
$500,000.00 to $999,999.99 5.25% 6.08%
Above $1,000,000.00 5.25% 5.75%
Commissions & Fees 3 4.5
Winner check_circle

Account Fees

Feature Cobra Trading Charles Schwab
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $95.00 $50.00
Returned ACH Fee $25.00 $25.00
Returned Wire Fee $25.00 $25.00
Stock Certificate Processing Fee N/A $100.00
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $2.00 $0.00
Paper Confirmation Fee $3.00 $0.00
Domestic Wire Fee $20.00 $25.00
International Wire Fee $50.00 $25.00
Commissions & Fees 3 4.5

Investment Options

Feature Cobra Trading Charles Schwab
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes Yes
Forex Trading
Yes No
Commission-Free ETFs 0 all
Mutual Funds (No Load)
0 7291
Mutual Funds (Total)
0 9978
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Advisor Services
No Yes
International Trading
No Yes
Offering of Investments 3 4.5
Winner check_circle

Order Types

Feature Cobra Trading Charles Schwab
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 Yes
Order Type - OCO
Yes Yes
Order Type - OTO
No Yes
Order Type - OTOCO
No Yes
Offering of Investments 3 4.5
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Trading Platforms

Feature Cobra Trading Charles Schwab
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
No Yes
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No Yes
Watch Lists - Total Fields
30 125
Heat Mapping
No Yes
Platforms & Tools 3 4.5
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Charting Features

Feature Cobra Trading Charles Schwab
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
36 41
Charting - Drawing Tools
9 15
Charting - Historical Trades
No No
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
8 7
Charting - Custom Studies
No No
Platforms & Tools 3 4.5
Winner check_circle

Day Trading

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

Mobile Trading Apps

Feature Cobra Trading Charles Schwab
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No Yes
Trading - Simple Options
Yes Yes
Trading - Complex Options
No Yes
Trading - Option Rolling
No No
Touch / Face ID
No Yes
Winner check_circle

Mobile App Features

Feature Cobra Trading Charles Schwab
Watch List Syncing
No Yes
Stock Alerts
No No
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
No Yes
Heatmapping
No Yes
Stream Live TV
No Yes
Barcode Lookup
No No
Mobile Trading 3 4
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Research Overview

Feature Cobra Trading Charles Schwab
Research - Stocks
Yes Yes
Research - ETFs
No Yes
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
No Yes
Research - Fixed Income
No Yes
Screener - Stocks
No Yes
Screener - ETFs
No Yes
Screener - Mutual Funds
No Yes
Screener - Options
No Yes
Screener - Bonds
No Yes
Misc - Portfolio Builder
No Yes
Misc - Portfolio Allocation
No Yes
Research 1 5
Winner check_circle

Stock Research

Feature Cobra Trading Charles Schwab
Stock Research - Reports
0 8
Stock Research - Earnings
No Yes
Stock Research - Insiders
No Yes
Stock Research - Metric Comp
No Yes
Stock Research - SEC Filings
No Yes
Stock Research - Social
No Yes
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1 5
Winner check_circle

ETF Research

Feature Cobra Trading Charles Schwab
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No Yes
ETFs - Sector Exposure
No Yes
ETFs - Risk Analysis
No Yes
ETFs - Performance Analysis
No Yes
ETFs - Ratings
No Yes
ETFs - Morningstar StyleMap
No Yes
ETFs - Reports
No Yes
Research 1 5
Winner check_circle

Mutual Fund Research

Feature Cobra Trading Charles Schwab
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Prospectus
No Yes
Mutual Funds - Reports
No Yes
Mutual Funds - Fees Breakdown
No Yes
Mutual Funds - Top 10 Holdings
No Yes
Mutual Funds - Asset Allocation
No Yes
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No Yes
Mutual Funds - StyleMap
No Yes
Mutual Funds - 3rd Party Ratings
No Yes
Research 1 5
Winner check_circle

Options Trading

Feature Cobra Trading Charles Schwab
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 44
Option Chains - Greeks
0 5
Option Chains - Quick Analysis
No Yes
Option Analysis - P&L Charts
No Yes
Option Probability Analysis
No Yes
Option Probability Analysis Adv
No Yes
Option Positions - Greeks
No Yes
Option Positions - Adv Analysis
No Yes
Option Positions - Rolling
No Yes
Option Positions - Grouping
No Yes
Platforms & Tools 3 4.5
Winner check_circle

Beginners

Feature Cobra Trading Charles Schwab
Has Education - Stocks
No Yes
Has Education - ETFs
No Yes
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 Yes
Webinars (Monthly Avg)
0 50
Webinars (Archived)
No Yes
Live Seminars
No Yes
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No Yes
Education 0.5 4.5
Winner check_circle

Banking

Feature Cobra Trading Charles Schwab
Retail Locations
0 357
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 4.5
Winner check_circle

Overall

Feature Cobra Trading Charles Schwab
Cobra Trading Review Charles Schwab Review
Overall 2.5 4
Winner check_circle

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 Charles Schwab 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. Charles Schwab and Cobra Trading have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both Charles Schwab and Cobra Trading. Cobra Trading's per contract rate of $0.50 is less than Charles Schwab which charges $0.65. 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 offers clients Stock Trading, Options Trading, Forex Trading and Futures Trading while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Charles Schwab boasts an offering of 5846 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 makes virtual trading available to clients, while Charles Schwab does not. Taking a look at mobile trading, Cobra Trading offer clients access to an iPhone App and Android App while Charles Schwab has an 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 offered by Charles Schwab while Cobra Trading offers none of these.

Overall, between Charles Schwab and Cobra Trading, Charles Schwab is the winner.

Charles Schwab 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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