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Cobra Trading vs ChoiceTrade 2020

Is ChoiceTrade better than Cobra Trading? After testing 15 of the best online brokers over five months, ChoiceTrade (62.57%) is better than Cobra Trading (56.88%). While ChoiceTrade advertises free stock trades, unfortunately, monthly costs add up, and, overall, ChoiceTrade provides customers an online investing experience not worth the hassle.

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Overall Rating

Feature Cobra Trading ChoiceTrade
Overall 3 3
Cobra Trading Review ChoiceTrade Review

Trading Fees

Feature Cobra Trading ChoiceTrade
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 $0.40
Mutual Fund Trade Fee $25.00 N/A
Broker Assisted Trades Fee $0.00 $30.00
Commissions & Fees 3 4.5
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Margin Rates

Feature Cobra Trading ChoiceTrade
Under $24,999.99 5.25% 7.75%
$25,000.00 to $49,999.99 5.25% 7.75%
$50,000.00 to $99,999.99 5.25% 7.75%
$100,000.00 to $249,999.99 5.25% 7.75%
$250,000.00 to $499,999.99 5.25% 7.75%
$500,000.00 to $999,999.99 5.25% 8.25%
Above $1,000,000.00 5.25% 8.25%
Commissions & Fees 3 4.5
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Account Fees

Feature Cobra Trading ChoiceTrade
IRA Annual Fee $35.00 $50.00
IRA Closure Fee $95.00 $50.00
Returned ACH Fee $25.00 $40.00
Returned Wire Fee $25.00 $40.00
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $2.00 $5.00
Paper Confirmation Fee $3.00 $1.00
Domestic Wire Fee $20.00 $35.00
International Wire Fee $50.00 $60.00
Commissions & Fees 3 4.5

Investment Options

Feature Cobra Trading ChoiceTrade
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes No
Commission-Free ETFs 0 All
Mutual Funds (No Load)
0 0
Mutual Funds (Total)
0 0
Bonds (US Treasury)
No No
Bonds (Corporate)
No No
Bonds (Municipal)
No No
Interest Sharing
No No
Advisor Services
No No
International Trading
No No
Offering of Investments 3 2.5
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Order Types

Feature Cobra Trading ChoiceTrade
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 No
Order Type - OTO
No No
Order Type - OTOCO
No No
Offering of Investments 3 2.5
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Trading Platforms

Feature Cobra Trading ChoiceTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
No Yes
Web Platform
No Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
30 19
Heat Mapping
No Yes
AI Assistant Bot
No No
Platforms & Tools 3 3
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Charting Features

Feature Cobra Trading ChoiceTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
36 42
Charting - Drawing Tools
10 4
Charting - Historical Trades
No Yes
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
8 2
Charting - Custom Studies
No No
Platforms & Tools 3 3
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Day Trading

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

Feature Cobra Trading ChoiceTrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
No Yes
Trading - Option Rolling
No No
Touch / Face ID
No Yes
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Mobile App Features

Feature Cobra Trading ChoiceTrade
Watch List Syncing
No Yes
Stock Alerts
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
No Yes
Heatmapping
No Yes
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 3.5
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Research Overview

Feature Cobra Trading ChoiceTrade
Research - Stocks
Yes Yes
Research - ETFs
No Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No Yes
Research - Fixed Income
No Yes
Screener - Stocks
No No
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
No No
Research 1.5 2
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Stock Research

Feature Cobra Trading ChoiceTrade
Stock Research - Reports
1 0
Stock Research - Earnings
No Yes
Stock Research - Insiders
No Yes
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No Yes
Stock Research - Social
No No
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 2
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ETF Research

Feature Cobra Trading ChoiceTrade
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 1.5 2
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Mutual Fund Research

Feature Cobra Trading ChoiceTrade
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No
Research 1.5 2
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Options Trading

Feature Cobra Trading ChoiceTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 18
Option Chains - Greeks
0 4
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 3
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Beginners

Feature Cobra Trading ChoiceTrade
Education (Stocks)
No No
Education (ETFs)
No No
Education (Options)
No Yes
Education (Mutual Funds)
No No
Education (Fixed Income)
No No
Education (Retirement)
No No
Paper Trading
Yes Yes
Videos
No No
Webinars (Monthly Avg)
0 0
Webinars (Archived)
No No
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 1 1.5
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Banking

Feature Cobra Trading ChoiceTrade
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 0.5

Overall

Feature Cobra Trading ChoiceTrade
Cobra Trading Review ChoiceTrade Review
Overall 3 3
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The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares ChoiceTrade vs Cobra Trading. Is ChoiceTrade or Cobra Trading a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. ChoiceTrade and Cobra Trading both cost $0 per trade. With options, the base fee is $0 for both ChoiceTrade and Cobra Trading. ChoiceTrade's per contract rate of $0.40 is less than Cobra Trading which charges $0.50. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. ChoiceTrade supports Stock Trading and Options Trading while Cobra Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading. When it comes to mutual funds, both brokers offer the same number of mutual funds, 0.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. ChoiceTrade alongside Cobra Trading offer virtual trading. For mobile trading, Both ChoiceTrade and Cobra Trading offer clients access to an iPhone App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with ChoiceTrade and Cobra Trading as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.

Overall, between ChoiceTrade and Cobra Trading, ChoiceTrade is the winner.

ChoiceTrade Review
Cobra Trading Review



All pricing data was obtained from a published web site as of 01/20/2020 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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