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Cobra Trading vs Robinhood 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Robinhood better than Cobra Trading? After scoring brokers in nine separate categories for our 2019 review, Cobra Trading (49.66%) is better than Robinhood (46.99%). Cobra Trading was founded in 2003 by Chadd Hessing as a direct-access, low-cost online brokerage for professional stock traders. While Cobra Trading offers multiple trading platforms and personalized service, trading costs are more expensive than leader Interactive Brokers.

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Overall Rating

Feature Cobra Trading Robinhood
Overall 2.5 2.5
Cobra Trading Review Robinhood Review

Trading Fees

Feature Cobra Trading Robinhood
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 N/A
Broker Assisted Trades Fee $0.00 $0.00
Commissions & Fees 3 4.5
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Margin Rates

Feature Cobra Trading
Open Account
Robinhood
Under $24,999.99 5.25% 5.00%
$25,000.00 to $49,999.99 5.25% 5.00%
$50,000.00 to $99,999.99 5.25% 5.00%
$100,000.00 to $249,999.99 5.25% 5.00%
$250,000.00 to $499,999.99 5.25% 5.00%
$500,000.00 to $999,999.99 5.25% 5.00%
Above $1,000,000.00 5.25% 5.00%
Commissions & Fees 3 4.5
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Account Fees

Feature Cobra Trading Robinhood
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $95.00 $0.00
Returned ACH Fee $25.00 $9.00
Returned Wire Fee $25.00 $9.00
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $2.00 $5.00
Paper Confirmation Fee $3.00 $2.00
Domestic Wire Fee $20.00 $25.00
International Wire Fee $50.00 $50.00
Commissions & Fees 3 4.5

Investment Options

Feature Cobra Trading Robinhood
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes No
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 0
Mutual Funds (Total)
0 0
Bonds (US Treasury)
No No
Bonds (Corporate)
No No
Bonds (Municipal)
No No
Advisor Services
No No
International Trading
No No
Offering of Investments 3 2
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Order Types

Feature Cobra Trading Robinhood
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - Contingent
No No
Order Type - MultiContingent
No No
Order Type - OCO
Yes No
Order Type - OTO
No No
Order Type - OTOCO
No No
Offering of Investments 3 2
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Trading Platforms

Feature Cobra Trading Robinhood
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
30 7
Two-Factor Authentication Login
No Yes
Heat Mapping
No No
Platforms & Tools 3 1
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Charting Features

Feature Cobra Trading Robinhood
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
36 0
Charting - Drawing Tools
9 0
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Charting - Study Customizations
8 0
Charting - Custom Studies
No No
Platforms & Tools 3 1
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Day Trading

Feature Cobra Trading Robinhood
Stock Alerts - Basic Fields
Yes No
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
Client Liquidity Rebates
Yes No
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Mobile Trading Apps

Feature Cobra Trading Robinhood
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No Yes
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 Robinhood
Watch List Syncing
No Yes
Stock Alerts - Basic Fields
No Yes
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
No No
Customizable Homescreen
No No
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 Robinhood
Research - Stocks
Yes Yes
Research - ETFs
No Yes
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
No No
Research - Fixed Income
No No
Screener - Stocks
No No
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
No Yes
Research 1 1
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Stock Research

Feature Cobra Trading Robinhood
Stock Research - Reports
0 0
Stock Research - Earnings
No Yes
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
No No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1 1
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ETF Research

Feature Cobra Trading Robinhood
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
No Yes
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 1 1
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Mutual Fund Research

Feature Cobra Trading Robinhood
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No No
Research 1 1
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Options Trading

Feature Cobra Trading Robinhood
Option Chains - Streaming
Yes No
Option Chains - Total Columns
17 5
Option Chains - Greeks
0 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
No No
Option Positions - Grouping
No No
Platforms & Tools 3 1
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Beginners

Feature Cobra Trading Robinhood
Has Education - Stocks
No Yes
Has Education - ETFs
No No
Has Education - Options
No Yes
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No No
Paper Trading
Yes No
Videos
No No
Webinars (Monthly Avg)
0 0
Webinars (Archived)
No No
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 0.5 2
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Banking

Feature Cobra Trading Robinhood
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 0.5
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Overall

Feature Cobra Trading Robinhood
Cobra Trading Review Robinhood Review
Overall 2.5 2.5
Winner check_circle
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Cobra Trading vs Robinhood to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. Cobra Trading and Robinhood charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $N/A. Option contracts are pricier at Cobra Trading, costing $0.50 versus $0 at Robinhood. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. Robinhood offers clients Stock Trading and Options Trading while Cobra Trading offers Stock Trading, Options Trading, Forex Trading and Futures Trading. As far as mutual funds go, both brokers offer the same number of mutual funds, 0.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Cobra Trading makes virtual trading available to clients, while Robinhood does not. For mobile trading, Cobra Trading offers the iPhone App and Android App while Robinhood offers the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Neither Cobra Trading nor Robinhood offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

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

Cobra Trading Review
Robinhood Review


All pricing data was obtained from a published web site as of 02/18/2019 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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