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Cobra Trading vs Fidelity 2020

Is Cobra Trading better than Fidelity? After testing 15 of the best online brokers over five months, Fidelity (95%) is better than Cobra Trading (56.88%). Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 30 million customers, Fidelity is a winner for everyday investors.

Special Offer Get a 50% comm. discount for 60 days. Open Account
Trade Commission-Free No commissions to trade online U.S. stocks, ETFs, and options.1 Open Account
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Overall Rating

Trading Fees

Feature Cobra Trading Fidelity
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 $0.65
Mutual Fund Trade Fee $25.00 $49.95
Broker Assisted Trades Fee $0.00 $32.95
Commissions & Fees 3 4.5
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Margin Rates

Feature Cobra Trading Fidelity
Under $24,999.99 5.25% 9.33%
$25,000.00 to $49,999.99 5.25% 8.83%
$50,000.00 to $99,999.99 5.25% 7.88%
$100,000.00 to $249,999.99 5.25% 7.83%
$250,000.00 to $499,999.99 5.25% 7.58%
$500,000.00 to $999,999.99 5.25% 5.25%
Above $1,000,000.00 5.25% 5.00%
Commissions & Fees 3 4.5
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Account Fees

Feature Cobra Trading Fidelity
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $95.00 $0.00
Returned ACH Fee $25.00 $0.00
Returned Wire Fee $25.00 $0.00
Stock Certificate Processing Fee N/A $0.00
Stock Certificate Delivery Fee N/A $100.00
Paper Statement Fee $2.00 $0.00
Paper Confirmation Fee $3.00 $0.00
Domestic Wire Fee $20.00 $0.00
International Wire Fee $50.00 $0.00
Commissions & Fees 3 4.5

Investment Options

Feature Cobra Trading Fidelity
Stock Trading
Yes Yes
Fractional Shares
No Yes
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 3957
Mutual Funds (Total)
0 11246
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Interest Sharing
No Yes
Advisor Services
No Yes
International Trading
No Yes
Offering of Investments 3 4.5
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Order Types

Feature Cobra Trading Fidelity
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 Yes
Order Type - OTO
No Yes
Order Type - OTOCO
No Yes
Offering of Investments 3 4.5
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Trading Platforms

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

Feature Cobra Trading Fidelity
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
36 166
Charting - Drawing Tools
10 22
Charting - Historical Trades
No Yes
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
8 5
Charting - Custom Studies
No No
Platforms & Tools 3 4.5
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Day Trading

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

Feature Cobra Trading Fidelity
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No Yes
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 Fidelity
Watch List Syncing
No Yes
Stock Alerts
No Yes
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
No Yes
Heatmapping
No Yes
Stream Live TV
No Yes
Barcode Lookup
No No
Mobile Trading 3 5
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Research Overview

Feature Cobra Trading Fidelity
Research - Stocks
Yes Yes
Research - ETFs
No Yes
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
No Yes
Research - Fixed Income
No Yes
Screener - Stocks
No Yes
Screener - ETFs
No Yes
Screener - Mutual Funds
No Yes
Screener - Options
No Yes
Screener - Bonds
No Yes
Misc - Portfolio Builder
No Yes
Misc - Portfolio Allocation
No Yes
Research 1.5 5
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Stock Research

Feature Cobra Trading Fidelity
Stock Research - Reports
1 16
Stock Research - Earnings
No Yes
Stock Research - Insiders
No Yes
Stock Research - Metric Comp
No Yes
Stock Research - SEC Filings
No Yes
Stock Research - Social
No Yes
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No Yes
Research 1.5 5
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ETF Research

Feature Cobra Trading Fidelity
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No Yes
ETFs - Sector Exposure
No Yes
ETFs - Risk Analysis
No Yes
ETFs - Performance Analysis
No Yes
ETFs - Ratings
No Yes
ETFs - Morningstar StyleMap
No Yes
ETFs - Reports
No Yes
Research 1.5 5
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Mutual Fund Research

Feature Cobra Trading Fidelity
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Prospectus
No Yes
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No Yes
Mutual Funds - Top 10 Holdings
No Yes
Mutual Funds - Asset Allocation
No Yes
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No Yes
Mutual Funds - StyleMap
No Yes
Mutual Funds - 3rd Party Ratings
No Yes
Research 1.5 5
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Options Trading

Feature Cobra Trading Fidelity
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 26
Option Chains - Greeks
0 5
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 4.5
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Beginners

Feature Cobra Trading Fidelity
Education (Stocks)
No Yes
Education (ETFs)
No Yes
Education (Options)
No Yes
Education (Mutual Funds)
No Yes
Education (Fixed Income)
No Yes
Education (Retirement)
No Yes
Paper Trading
Yes No
Videos
No Yes
Webinars (Monthly Avg)
0 8
Webinars (Archived)
No Yes
Live Seminars
No Yes
Progress Tracking
No Yes
Interactive Learning - Quizzes
No Yes
Investor Magazine
No Yes
Education 1 5
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Banking

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

Feature Cobra Trading Fidelity
Cobra Trading Review Fidelity Review
Overall 3 5
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Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Cobra Trading vs Fidelity to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. Cobra Trading and Fidelity charge the same amount for regular stock trades, $0. For options trading, both Cobra Trading and Fidelity charge the same base fee of $N/A. Option contracts are pricier at Fidelity, costing $0.65 versus $0.50 at Cobra Trading. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. Fidelity supports Stock Trading, Options Trading and Mutual Funds while Cobra Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading. As far as mutual funds go, Fidelity offers its clients access to 11246 different mutual funds while Cobra Trading has 0 available funds, a difference of 11,246.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Cobra Trading has virtual trading, Fidelity doesn't. For mobile trading, Cobra Trading offer clients access to an iPhone App and Android App while Fidelity has an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity while customers at Cobra Trading can have none of these.

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

Cobra Trading Review
Fidelity 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.

1$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody SolutionsĀ® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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