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Cobra Trading vs Charles Schwab 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Cobra Trading better than Charles Schwab? After scoring brokers in nine separate categories for our 2019 review, Charles Schwab (84.06%) is better than Cobra Trading (49.66%). Founded in 1973, Charles Schwab is a full-service brokerage with over $3 trillion in total client assets. As a low-cost leader offering $4.95 stock trades, Charles Schwab provides investors excellent stock research, quality trade tools, and professional planning for the future.

Special Offer Get a 50% comm. discount for 60 days. Open Account
Special Offer $4.95 online equity trades + $0.65 per options contract Open Account
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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 $4.95
ETF Trade Fee N/A $4.95
Options Base Fee N/A $4.95
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 3.5
Winner check_circle

Margin Rates

Feature Cobra Trading
Open Account
Charles Schwab
Open Account
Under $24,999.99 5.25% 9.58%
$25,000.00 to $49,999.99 5.25% 9.08%
$50,000.00 to $99,999.99 5.25% 8.13%
$100,000.00 to $249,999.99 5.25% 8.08%
$250,000.00 to $499,999.99 5.25% 7.83%
$500,000.00 to $999,999.99 5.25% 6.58%
Above $1,000,000.00 5.25% 6.25%
Commissions & Fees 3 3.5
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 3.5

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 0 503
Mutual Funds (No Load)
0 5846
Mutual Funds (Total)
0 5846
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
Winner check_circle

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
30 108
Two-Factor Authentication Login
No Yes
Heat Mapping
No Yes
Platforms & Tools 3 4.5
Winner check_circle

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 6
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
Client 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 - Basic Fields
No No
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
No Yes
Customizable Homescreen
No No
Heatmapping
No Yes
Stream Live TV
No Yes
Barcode Lookup
No No
Mobile Trading 3 4
Winner check_circle

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 41
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
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Charles Schwab vs Cobra Trading to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing 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). Looking at trading options, Charles Schwab's base fee is $4.95 while Cobra Trading's is $N/A. Cobra Trading's per contract rate of $0.50 is less than Charles Schwab which charges $0.65. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. Cobra Trading provides its clients with Stock Trading, Options Trading, Forex Trading and Futures Trading while Charles Schwab provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Charles Schwab boasts an offering of 5846 mutual funds compared to Cobra Trading's 0 available funds.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Cobra Trading makes virtual trading available to clients, while Charles Schwab does not. For mobile trading, Cobra Trading offers the iPhone App and Android App while Charles Schwab offers the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Charles Schwab while Cobra Trading offers customers 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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