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E*TRADE vs Cobra Trading 2019

Blain Reinkensmeyer

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 E*TRADE? Based on over 4,000 data points from our 2019 annual broker review, E*TRADE (83.68%) is better than Cobra Trading (49.66%). While E*TRADE may not offer the cheapest trades, the Power E*TRADE platform is great for options trading, and the broker offers two great mobile apps.

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Overall Rating

Feature E*TRADE Cobra Trading
Overall 4 2.5
E*TRADE Review Cobra Trading Review

Trading Fees

Feature E*TRADE Cobra Trading
Minimum Deposit $500.00 $30,000.00
Stock Trade Fee (per trade) $6.95 N/A
Options Base Fee $6.95 N/A
Options Per Contract Fee $0.75 $0.50
Mutual Fund Trade Fee $19.99 $25.00
Broker Assisted Trades Fee $25.00 $0.00
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $60.00 $95.00
Commissions & Fees 3.5 3
Winner check_circle

Margin Rates

Feature E*TRADE Cobra Trading
Under $24,999.99 10.50% 5.25%
$25,000.00 to $49,999.99 10.25% 5.25%
$50,000.00 to $99,999.99 9.75% 5.25%
$100,000.00 to $249,999.99 9.25% 5.25%
$250,000.00 to $499,999.99 8.75% 5.25%
$500,000.00 to $999,999.99 8.25% 5.25%
Above $1,000,000.00 7.25% 5.25%
Commissions & Fees 3.5 3
Winner check_circle

Trading Platforms

Feature E*TRADE Cobra Trading
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
125 30
Two-Factor Authentication Login
Yes No
Heat Mapping
No No
Platforms & Tools 4.5 3
Winner check_circle

Charting Features

Feature E*TRADE Cobra Trading
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
118 36
Charting - Drawing Tools
33 9
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 8
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
Winner check_circle

Day Trading

Feature E*TRADE Cobra Trading
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No Yes
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
Yes Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes No
Short Locator
No Yes
Client Liquidity Rebates
No Yes
Winner check_circle

Mobile Trading

Feature E*TRADE Cobra Trading
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
Watch List Syncing
Yes No
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Customizable Homescreen
Yes No
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3
Winner check_circle

Research Overview

Feature E*TRADE Cobra Trading
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Research - Futures
Yes No
Research - Forex
No No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 4.5 1
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Stock Research

Feature E*TRADE Cobra Trading
Stock Research - Reports
4 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 4.5 1
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Fund Research

Feature E*TRADE Cobra Trading
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 4.5 1
Winner check_circle

Options Trading

Feature E*TRADE Cobra Trading
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
30 17
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 3
Winner check_circle

Investments

Feature E*TRADE Cobra Trading
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
No Yes
Commission-Free ETFs 295 0
Mutual Funds (No Load)
6266 0
Mutual Funds (Total)
9062 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
No No
Offering of Investments 4.5 3
Winner check_circle

Order Types

Feature E*TRADE Cobra Trading
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
No No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 3
Winner check_circle

Beginners

Feature E*TRADE Cobra Trading
Has Education - Stocks
Yes No
Has Education - ETFs
Yes No
Has Education - Options
Yes No
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
12 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
Yes No
Investor Magazine
No No
Education 4.5 0.5
Winner check_circle

Banking

Feature E*TRADE Cobra Trading
Retail Locations
30 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 4 0.5
Winner check_circle

Overall

Feature E*TRADE Cobra Trading
E*TRADE Review Cobra Trading Review
Overall 4 2.5
Winner check_circle
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 charges $6.95 per stock trade which is $6.95 more than Cobra Trading which charges customers $0 (the broker charges a per share rate instead) per trade. Looking at trading options, E*TRADE's base fee is $6.95 while Cobra Trading's is $N/A. Option contracts are pricier at E*TRADE, costing $0.75 versus $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 offers virtual trading while E*TRADE does not. 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.

Overall, between Cobra Trading and E*TRADE, E*TRADE is the winner.

Cobra Trading Review
E*TRADE 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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