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 Cobra Trading vs E*TRADE. Is Cobra Trading or E*TRADE a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. E*TRADE, with its regular stock trades costing $6.95, 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 $6.95 (E*TRADE). Each option contract then costs $0.75 at E*TRADE and $0.50 at Cobra Trading. 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. E*TRADE provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Cobra Trading provides clients access to Stock Trading, Options Trading, Forex Trading and Futures Trading. When it comes to mutual funds, Cobra Trading trails E*TRADE by 9,062 total mutual funds, with E*TRADE offering 9062 and Cobra Trading offering 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Cobra Trading has virtual trading, E*TRADE doesn't. For mobile trading, Cobra Trading offer clients access to an iPhone App and Android App while E*TRADE has an iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts and Debit Cards are available to clients of E*TRADE while Cobra Trading offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, both Cobra Trading and E*TRADE were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, between Cobra Trading and E*TRADE, E*TRADE is the winner
Cobra Trading Review