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 Cobra Trading vs Fidelity.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Cobra Trading and Fidelity both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $N/A. Option contracts are pricier at Fidelity, costing $0.65 versus $0.50 at Cobra Trading. 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. Fidelity offers clients Stock Trading, Options Trading and Mutual Funds while Cobra Trading offers Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, Fidelity boasts an offering of 11782 mutual funds compared to Cobra Trading's 0 available funds.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Cobra Trading offers virtual trading while Fidelity does not. Taking a look at mobile trading, Cobra Trading supports the iPhone App and Android App while Fidelity supports the iPhone App, iPad 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. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while Cobra Trading offers none of these.
Overall, between Cobra Trading and Fidelity, Fidelity is the winner.
Cobra Trading Review