Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Chase You Invest Trade 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. Chase You Invest Trade, with its regular stock trades costing $2.95, is more expensive than Cobra Trading's rate of $0 (the broker charges a per share rate instead) per trade. With options, the base fees charged are $N/A (Cobra Trading) and $2.95 (Chase You Invest Trade). Cobra Trading's per contract rate of $0.50 is less than Chase You Invest Trade which charges $0.75. 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 offers clients Stock Trading, Options Trading, Forex Trading and Futures Trading while Chase You Invest Trade offers Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Chase You Invest Trade boasts an offering of 3500 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 Chase You Invest Trade does not. For mobile trading, Chase You Invest Trade and Cobra Trading both have a iPhone 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 offered by Chase You Invest Trade while Cobra Trading offers none of these.
Overall, between Chase You Invest Trade and Cobra Trading, Cobra Trading is the winner.
Chase You Invest Trade Review
Cobra Trading Review