The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Cobra Trading vs Robinhood. Is Cobra Trading or Robinhood a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Cobra Trading and Robinhood have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $N/A for both Cobra Trading and Robinhood. Each option contract then costs $0.50 at Cobra Trading and $0 at Robinhood. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.
For our next comparison of these two brokers, being able to trade the way you want is a must. Robinhood supports Stock Trading and Options Trading while Cobra Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading. When it comes to mutual funds, both Cobra Trading and Robinhood provide clients with access to 0 total mutual funds.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Cobra Trading makes virtual trading available to clients, while Robinhood does not. For mobile trading, Cobra Trading supports the iPhone App and Android App while Robinhood supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at Cobra Trading or Robinhood .
Overall, between Cobra Trading and Robinhood, Cobra Trading is the winner.
Cobra Trading Review