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Cobra Trading vs Firstrade 2020

Is Cobra Trading better than Firstrade? After testing 15 of the best online brokers over five months, Firstrade (76.33%) is better than Cobra Trading (56.88%). Firstrade offers $0 stock, ETF, and options trades, and is best known for its easy-to-use website, alongside its Chinese language services. While Firstrade offers Morningstar research and a variety of tools, its overall offering struggles to stand out against household name brands who are also priced at $0.

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Overall Rating

Trading Fees

Feature Cobra Trading Firstrade
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 $0.00
Mutual Fund Trade Fee $25.00 $0.00
Broker Assisted Trades Fee $0.00 $19.95
Commissions & Fees 3 4.5
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Margin Rates

Feature Cobra Trading Firstrade
Under $24,999.99 5.25% 9.00%
$25,000.00 to $49,999.99 5.25% 8.75%
$50,000.00 to $99,999.99 5.25% 8.25%
$100,000.00 to $249,999.99 5.25% 7.75%
$250,000.00 to $499,999.99 5.25% 7.50%
$500,000.00 to $999,999.99 5.25% 5.60%
Above $1,000,000.00 5.25% 5.00%
Commissions & Fees 3 4.5
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Account Fees

Feature Cobra Trading Firstrade
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $95.00 $0.00
Returned ACH Fee $25.00 $50.00
Returned Wire Fee $25.00 $50.00
Stock Certificate Processing Fee N/A $300.00
Stock Certificate Delivery Fee N/A $300.00
Paper Statement Fee $2.00 $5.00
Paper Confirmation Fee $3.00 $3.00
Domestic Wire Fee $20.00 $30.00
International Wire Fee $50.00 $50.00
Commissions & Fees 3 4.5

Investment Options

Feature Cobra Trading Firstrade
Stock Trading
Yes Yes
Fractional Shares
No No
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 10746
Mutual Funds (Total)
0 14939
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Interest Sharing
No No
Advisor Services
No No
International Trading
No No
Offering of Investments 3 4
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Order Types

Feature Cobra Trading Firstrade
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 No
Offering of Investments 3 4
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Trading Platforms

Feature Cobra Trading Firstrade
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
No Yes
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
30 47
Heat Mapping
No Yes
AI Assistant Bot
No No
Platforms & Tools 3 2.5
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Charting Features

Feature Cobra Trading Firstrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
36 58
Charting - Drawing Tools
10 8
Charting - Historical Trades
No No
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Charting - Study Customizations
8 6
Charting - Custom Studies
No No
Platforms & Tools 3 2.5
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Day Trading

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

Feature Cobra Trading Firstrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
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 Firstrade
Watch List Syncing
No Yes
Stock Alerts
No No
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
No Yes
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 3.5
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Research Overview

Feature Cobra Trading Firstrade
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 No
Screener - Bonds
No Yes
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
No Yes
Research 1.5 4
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Stock Research

Feature Cobra Trading Firstrade
Stock Research - Reports
1 1
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 No
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1.5 4
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ETF Research

Feature Cobra Trading Firstrade
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 4
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Mutual Fund Research

Feature Cobra Trading Firstrade
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 4
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Options Trading

Feature Cobra Trading Firstrade
Option Chains - Streaming
Yes No
Option Chains - Total Columns
17 8
Option Chains - Greeks
0 5
Option Chains - Quick Analysis
No No
Option Analysis - P&L Charts
No No
Option Probability Analysis
No No
Option Probability Analysis Adv
No No
Option Positions - Greeks
No No
Option Positions - Adv Analysis
No No
Option Positions - Rolling
No Yes
Option Positions - Grouping
No No
Platforms & Tools 3 2.5
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Beginners

Feature Cobra Trading Firstrade
Education (Stocks)
No Yes
Education (ETFs)
No No
Education (Options)
No Yes
Education (Mutual Funds)
No No
Education (Fixed Income)
No No
Education (Retirement)
No Yes
Paper Trading
Yes No
Videos
No Yes
Webinars (Monthly Avg)
0 6
Webinars (Archived)
No Yes
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 1 3
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Banking

Feature Cobra Trading Firstrade
Retail Locations
0 1
Member FDIC
No No
Checking Accounts
No Yes
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No Yes
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 2

Overall

Feature Cobra Trading Firstrade
Cobra Trading Review Firstrade Review
Overall 3 4
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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 Firstrade.

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 Firstrade have equal fees for trading stocks (equities), $0 per trade. For options trading, both Cobra Trading and Firstrade charge the same base fee of $N/A. Firstrade's per contract rate of $0 is less than Cobra Trading which charges $0.50. 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. Firstrade provides its clients with Stock Trading, Options Trading and Mutual Funds while Cobra Trading provides clients access to Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, Cobra Trading trails Firstrade by 14,939 total mutual funds, with Firstrade offering 14939 and Cobra Trading offering 0.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Cobra Trading makes virtual trading available to clients, while Firstrade does not. Taking a look at mobile trading, Cobra Trading offers the iPhone App and Android App while Firstrade 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. Checking Accounts and Debit Cards are available to clients of Firstrade while Cobra Trading offers customers none of these.

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

Cobra Trading Review
Firstrade 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.

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