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Cobra Trading vs SogoTrade 2019

Is Cobra Trading better than SogoTrade? After scoring brokers on over 4,000 data points for our 2019 review, SogoTrade (57.71%) is better than Cobra Trading (49.66%).

SogoTrade

$4.88 Per Trade - Open Account
Special Offer: Trades as low as $2.88 + 100 free trades. Switch to SogoTrade!

Founded in 1986, SogoTrade is an online discount brokerage that charges $4.88 base commissions and supports Chinese-speaking customers. Unfortunately, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out against similarly priced brokers.Read full review.

Cobra Trading

DasTrader Pro Broker - Open Account
Special Offer: Get a 50% comm. discount for 60 days.

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. Read full review

Overall Rating

Feature Cobra Trading SogoTrade
Overall 2.5 3
Cobra Trading Review SogoTrade Review

Trading Fees

Feature Cobra Trading SogoTrade
Minimum Deposit $30,000.00 $500.00
Stock Trade Fee (per trade) N/A $4.88
ETF Trade Fee N/A $4.88
Options Base Fee N/A $4.88
Options Per Contract Fee $0.50 $0.50
Mutual Fund Trade Fee $25.00 $25.00
Broker Assisted Trades Fee $0.00 $25.00
Commissions & Fees 3 3.5
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Margin Rates

Feature Cobra Trading
Open Account
SogoTrade
Open Account
Under $24,999.99 5.25% 10.75%
$25,000.00 to $49,999.99 5.25% 9.75%
$50,000.00 to $99,999.99 5.25% 8.75%
$100,000.00 to $249,999.99 5.25% 7.50%
$250,000.00 to $499,999.99 5.25% 7.00%
$500,000.00 to $999,999.99 5.25% 6.50%
Above $1,000,000.00 5.25% 6.00%
Commissions & Fees 3 3.5
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Account Fees

Feature Cobra Trading SogoTrade
IRA Annual Fee $35.00 $35.00
IRA Closure Fee $95.00 $60.00
Returned ACH Fee $25.00 $30.00
Returned Wire Fee $25.00 $30.00
Stock Certificate Processing Fee N/A N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $2.00 $10.00
Paper Confirmation Fee $3.00 $5.00
Domestic Wire Fee $20.00 $25.00
International Wire Fee $50.00 $50.00
Commissions & Fees 3 3.5

Investment Options

Feature Cobra Trading SogoTrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
Yes No
Commission-Free ETFs 0 0
Mutual Funds (No Load)
0 9964
Mutual Funds (Total)
0 11784
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 2.5
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Order Types

Feature Cobra Trading SogoTrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
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 2.5
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Trading Platforms

Feature Cobra Trading SogoTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
30 49
Heat Mapping
No Yes
Platforms & Tools 3 3
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Charting Features

Feature Cobra Trading SogoTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
36 52
Charting - Drawing Tools
9 12
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Charting - Study Customizations
8 4
Charting - Custom Studies
No No
Platforms & Tools 3 3
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Day Trading

Feature Cobra Trading SogoTrade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes Yes
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
Order Liquidity Rebates
Yes No
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Mobile Trading Apps

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

Feature Cobra Trading SogoTrade
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 Yes
Screener - ETFs
No Yes
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
No Yes
Misc - Portfolio Allocation
No No
Research 1 2
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Stock Research

Feature Cobra Trading SogoTrade
Stock Research - Reports
0 1
Stock Research - Earnings
No No
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No Yes
Stock Research - Social
No No
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1 2
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ETF Research

Feature Cobra Trading SogoTrade
ETFs - Strategy Overview
No Yes
ETFs - Top 10 Holdings
No Yes
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 2
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Mutual Fund Research

Feature Cobra Trading SogoTrade
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 2
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Options Trading

Feature Cobra Trading SogoTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 22
Option Chains - Greeks
0 5
Option Chains - Quick Analysis
No Yes
Option Analysis - P&L Charts
No Yes
Option Probability Analysis
No Yes
Option Probability Analysis Adv
No Yes
Option Positions - Greeks
No Yes
Option Positions - Adv Analysis
No Yes
Option Positions - Rolling
No Yes
Option Positions - Grouping
No No
Platforms & Tools 3 3
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Beginners

Feature Cobra Trading SogoTrade
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 Yes
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 SogoTrade
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 SogoTrade
Cobra Trading Review SogoTrade Review
Overall 2.5 3
Winner check_circle

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 SogoTrade.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. SogoTrade charges $4.88 per stock trade which is $4.88 more than Cobra Trading which charges customers $0 (the broker charges a per share rate instead) per trade. Looking at trading options, SogoTrade's base fee is $4.88 while Cobra Trading's is $N/A. Option contracts cost $0.50 each at both brokerages. 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. SogoTrade provides its clients with Stock Trading, Options Trading and Mutual Funds while Cobra Trading provides clients access to Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, Cobra Trading trails SogoTrade by 11,784 total mutual funds, with SogoTrade offering 11784 and Cobra Trading offering 0.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both Cobra Trading and SogoTrade offer virtual trading. Taking a look at mobile trading, Cobra Trading offer clients access to an iPhone App and Android App while SogoTrade has an 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 SogoTrade as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.

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

Cobra Trading Review
SogoTrade 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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