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 Lightspeed.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Lightspeed, with its regular stock trades costing $4.50, is more expensive than Cobra Trading's rate of $0 (the broker charges a per share rate instead) per trade. Looking at options, the base fees charged are the same for both brokers, $N/A. Cobra Trading's per contract rate of $0.50 is less than Lightspeed which charges $0.60. 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. Lightspeed offers clients Stock Trading, Options Trading and Futures Trading while Cobra Trading offers Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, both brokers offer the same number of mutual funds, 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both Cobra Trading and Lightspeed offer virtual trading. Taking a look at mobile trading, Cobra Trading offers the iPhone App and Android App while Lightspeed 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. Neither Cobra Trading nor Lightspeed offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Cobra Trading and Lightspeed, Lightspeed is the winner.
Cobra Trading Review