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Fidelity Investments 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 Fidelity Investments? After scoring brokers on over 4,000 data points for our 2019 review, Fidelity Investments (86.62%) is better than Cobra Trading (49.66%). From industry-leading research to excellent trading tools, mobile apps, and retirement services, Fidelity defines “value” and provides investors with everything they need to succeed, and more.

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Overall Rating

Feature Fidelity Investments Cobra Trading
Overall 4.5 2.5
Fidelity Investments Review Cobra Trading Review

Trading Fees

Feature Fidelity Investments Cobra Trading
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) $4.95 N/A
Options Base Fee $4.95 N/A
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $49.95 $25.00
Broker Assisted Trades Fee $32.95 $0.00
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $0.00 $95.00
Commissions & Fees 4 3
Winner check_circle

Margin Rates

Feature Fidelity Investments Cobra Trading
Under $24,999.99 9.58% 5.25%
$25,000.00 to $49,999.99 9.08% 5.25%
$50,000.00 to $99,999.99 8.13% 5.25%
$100,000.00 to $249,999.99 8.08% 5.25%
$250,000.00 to $499,999.99 7.83% 5.25%
$500,000.00 to $999,999.99 5.50% 5.25%
Above $1,000,000.00 5.25% 5.25%
Commissions & Fees 4 3
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Trading Platforms

Feature Fidelity Investments Cobra Trading
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Watch Lists - Total Fields
91 30
Two-Factor Authentication Login
Yes No
Heat Mapping
Yes No
Platforms & Tools 4.5 3
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Charting Features

Feature Fidelity Investments Cobra Trading
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
166 36
Charting - Drawing Tools
22 9
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
5 8
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
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Day Trading

Feature Fidelity Investments Cobra Trading
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes Yes
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
No 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
Yes Yes
Client Liquidity Rebates
No Yes
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Mobile Trading

Feature Fidelity Investments 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
No 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
Yes 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
No No
Mobile Trading 4.5 3
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Research Overview

Feature Fidelity Investments 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 5 1
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Stock Research

Feature Fidelity Investments Cobra Trading
Stock Research - Reports
12 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes 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
Yes No
Research 5 1
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Fund Research

Feature Fidelity Investments 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
No 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 5 1
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Options Trading

Feature Fidelity Investments Cobra Trading
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
26 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
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Investments

Feature Fidelity Investments Cobra Trading
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No Yes
Forex Trading
No Yes
Commission-Free ETFs 500 0
Mutual Funds (No Load)
4031 0
Mutual Funds (Total)
11782 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 3
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Order Types

Feature Fidelity Investments 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
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 3
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Beginners

Feature Fidelity Investments 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
No Yes
Videos
Yes No
Webinars (Monthly Avg)
8 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 0.5
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Banking

Feature Fidelity Investments Cobra Trading
Retail Locations
197 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 4 0.5
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Overall

Feature Fidelity Investments Cobra Trading
Fidelity Investments Review Cobra Trading Review
Overall 4.5 2.5
Winner check_circle
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 Investments.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Fidelity Investments charges more than Cobra Trading for placing regular stock trades ($4.95 and $0 (the broker charges a per share rate instead), respectively). With options, the base fees charged are $N/A (Cobra Trading) and $4.95 (Fidelity Investments). Each option contract then costs $0.65 at Fidelity Investments and $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 Investments 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 Investments offers its clients access to 11782 different mutual funds while Cobra Trading has 0 available funds, a difference of 11,782.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Cobra Trading has virtual trading, Fidelity Investments doesn't. Taking a look at mobile trading, Cobra Trading offers the iPhone App and Android App while Fidelity Investments offers 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at Cobra Trading can have none of these.

Overall, between Cobra Trading and Fidelity Investments, Fidelity Investments is the winner.

Cobra Trading Review
Fidelity Investments 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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