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 ChoiceTrade 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. ChoiceTrade and Cobra Trading have equal fees for trading stocks (equities), $0 per trade. For options trading, both ChoiceTrade and Cobra Trading charge the same base fee of $0. ChoiceTrade's per contract rate of $0.40 is less than Cobra Trading which charges $0.50. 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. ChoiceTrade provides its clients with Stock Trading and Options Trading while Cobra Trading provides clients access to Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, both brokers offer the same number of mutual funds, 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both ChoiceTrade and Cobra Trading offer virtual trading. Taking a look at mobile trading, ChoiceTrade along with Cobra Trading both support the iPhone 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. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at ChoiceTrade or Cobra Trading .
Overall, between ChoiceTrade and Cobra Trading, Cobra Trading is the winner.
Cobra Trading Review