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