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 charges more than Cobra Trading for placing regular stock trades ($4.95 and $0 (the broker charges a per share rate instead), respectively). With options, the base fees charged are $N/A (Cobra Trading) and $4.95 (Charles Schwab). 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 supports Stock Trading, Options Trading, Forex Trading and Futures Trading while Charles Schwab supports 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 offers virtual trading while Charles Schwab does not. Taking a look at mobile trading, Cobra Trading supports the iPhone App and Android App while Charles Schwab supports 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 offered by Charles Schwab while Cobra Trading offers none of these. On the whole, when it comes to tools, research, and mobile trading, Charles Schwab along with Cobra Trading both finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, between Charles Schwab and Cobra Trading, Charles Schwab is the winner
Charles Schwab Review
Cobra Trading Review