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Firstrade vs Cobra Trading 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 Firstrade Cobra Trading
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) $0.00 N/A
ETF Trade Fee $0.00 N/A
Options Base Fee $0.00 N/A
Options Per Contract Fee $0.00 $0.50
Mutual Fund Trade Fee $0.00 $25.00
Broker Assisted Trades Fee $19.95 $0.00
Commissions & Fees 4.5 3
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Margin Rates

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

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

Investment Options

Feature Firstrade Cobra Trading
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
No Yes
Forex Trading
No Yes
Commission-Free ETFs all 0
Mutual Funds (No Load)
10746 0
Mutual Funds (Total)
14939 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
No No
International Trading
No No
Offering of Investments 4 3
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Order Types

Feature Firstrade 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
No No
Offering of Investments 4 3
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Trading Platforms

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

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

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

Feature Firstrade Cobra Trading
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
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
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Mobile App Features

Feature Firstrade Cobra Trading
Watch List Syncing
Yes No
Stock Alerts
No No
Charting - After Hours
No Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3.5 3
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Research Overview

Feature Firstrade 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
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
No No
Screener - Bonds
Yes No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
Yes No
Research 4 1.5
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Stock Research

Feature Firstrade Cobra Trading
Stock Research - Reports
1 1
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
No 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 1.5
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ETF Research

Feature Firstrade 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
Research 4 1.5
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Mutual Fund Research

Feature Firstrade Cobra Trading
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 4 1.5
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Options Trading

Feature Firstrade Cobra Trading
Option Chains - Streaming
No Yes
Option Chains - Total Columns
8 17
Option Chains - Greeks
5 0
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
Yes No
Option Positions - Grouping
No No
Platforms & Tools 2.5 3
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Beginners

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

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

Overall

Feature Firstrade Cobra Trading
Firstrade Review Cobra Trading Review
Overall 4 3
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Cobra Trading vs Firstrade.

Is Cobra Trading or Firstrade better for beginners?
Firstrade is better for beginner investors than Cobra Trading. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement).

What about Cobra Trading vs Firstrade pricing?
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. Each option contract then costs $0.50 at Cobra Trading and $0 at Firstrade. For a complete commissions summary, see our best discount brokers guide.

Does Cobra Trading or Firstrade offer a wider range of investment options?
Firstrade offers a more diverse selection of investment options than Cobra Trading. Firstrade offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading and Mutual Funds. Looking at Mutual Funds, Cobra Trading trails Firstrade by 14,939 total mutual funds, with Firstrade offering 14939 and Cobra Trading offering 0.

Which trading platform is better: Cobra Trading or Firstrade?
To compare the trading platforms of both Cobra Trading and Firstrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Cobra Trading offers a better experience. With research, Firstrade offers superior market research. Finally, we found Firstrade to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts and Debit Cards are offered by Firstrade while Cobra Trading offers none of these.

Overall, between Cobra Trading and Firstrade, Firstrade is the better online broker.

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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