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 Robinhood.
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 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. 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. Robinhood supports Stock Trading and Options Trading while Cobra Trading supports 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. Cobra Trading offers virtual trading while Robinhood does not. Taking a look at mobile trading, Cobra Trading supports the iPhone App and Android App while Robinhood supports 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. Banking is not popular with Cobra Trading and Robinhood as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.
Overall, between Cobra Trading and Robinhood, Cobra Trading is the winner.
Cobra Trading Review