StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Cobra Trading vs SpeedTrader 2019

Is Cobra Trading better than SpeedTrader? Based on over 4,000 data points from our 2019 annual broker review, SpeedTrader (51.25%) is better than Cobra Trading (49.66%).

SpeedTrader

DasTrader Pro Broker
SpeedTrader, a division of Mint Global Markets, has been serving active traders for 20 years. As a Das Trader Pro exclusive firm, SpeedTrader caters solely to hyperactive and professional traders and offers discounted commissions; however, pricing plans are complicated. 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 SpeedTrader
Overall 2.5 2.5
Cobra Trading Review SpeedTrader Review

Trading Fees

Feature Cobra Trading SpeedTrader
Minimum Deposit $30,000.00 $30,000.00
Stock Trade Fee (per trade) N/A $4.49
ETF Trade Fee N/A $4.49
Options Base Fee N/A N/A
Options Per Contract Fee $0.50 $0.00
Mutual Fund Trade Fee $25.00 $50.00
Broker Assisted Trades Fee $0.00 $30.00
Commissions & Fees 3 4
Winner check_circle

Margin Rates

Feature Cobra Trading
Open Account
SpeedTrader
Under $24,999.99 5.25% 6.00%
$25,000.00 to $49,999.99 5.25% 6.00%
$50,000.00 to $99,999.99 5.25% 6.00%
$100,000.00 to $249,999.99 5.25% 6.00%
$250,000.00 to $499,999.99 5.25% 6.00%
$500,000.00 to $999,999.99 5.25% 6.00%
Above $1,000,000.00 5.25% 6.00%
Commissions & Fees 3 4
Winner check_circle

Account Fees

Feature Cobra Trading SpeedTrader
IRA Annual Fee $35.00 N/A
IRA Closure Fee $95.00 N/A
Returned ACH Fee $25.00 $40.00
Returned Wire Fee $25.00 $40.00
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 $4.00
Domestic Wire Fee $20.00 $25.00
International Wire Fee $50.00 $75.00
Commissions & Fees 3 4

Investment Options

Feature Cobra Trading SpeedTrader
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 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 2.5
Winner check_circle

Order Types

Feature Cobra Trading SpeedTrader
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 Yes
Order Type - OTO
No No
Order Type - OTOCO
No No
Offering of Investments 3 2.5
Winner check_circle

Trading Platforms

Feature Cobra Trading SpeedTrader
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
No No
Web Platform
No Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
30 30
Heat Mapping
No No
Platforms & Tools 3 3
Winner check_circle

Charting Features

Feature Cobra Trading SpeedTrader
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
36 36
Charting - Drawing Tools
10 9
Charting - Historical Trades
No No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
8 8
Charting - Custom Studies
No No
Platforms & Tools 3 3
Winner check_circle

Day Trading

Feature Cobra Trading SpeedTrader
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes Yes
Streaming Time & Sales
Yes Yes
Streaming TV
No No
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
Yes Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
No No
Short Locator
Yes Yes
Order Liquidity Rebates
Yes No
Winner check_circle

Mobile Trading Apps

Feature Cobra Trading SpeedTrader
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
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 No
Trading - Option Rolling
No No
Touch / Face ID
No No
Winner check_circle

Mobile App Features

Feature Cobra Trading SpeedTrader
Watch List Syncing
No No
Stock Alerts
No No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 2.5
Winner check_circle

Research Overview

Feature Cobra Trading SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
No No
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 No
Research 1 1
Winner check_circle

Stock Research

Feature Cobra Trading SpeedTrader
Stock Research - Reports
1 0
Stock Research - Earnings
No No
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 Yes
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1 1
Winner check_circle

ETF Research

Feature Cobra Trading SpeedTrader
ETFs - Strategy Overview
No No
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 1 1
Winner check_circle

Mutual Fund Research

Feature Cobra Trading SpeedTrader
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
Winner check_circle

Options Trading

Feature Cobra Trading SpeedTrader
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
17 17
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 3
Winner check_circle

Beginners

Feature Cobra Trading SpeedTrader
Has Education - Stocks
No Yes
Has Education - ETFs
No No
Has Education - Options
No No
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 1
Webinars (Archived)
No Yes
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 0.5 1
Winner check_circle

Banking

Feature Cobra Trading SpeedTrader
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
Winner check_circle

Overall

Feature Cobra Trading SpeedTrader
Cobra Trading Review SpeedTrader Review
Overall 2.5 2.5
Winner check_circle

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 SpeedTrader. Is Cobra Trading or SpeedTrader a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. SpeedTrader charges more than Cobra Trading for placing regular stock trades ($4.49 and $0 (the broker charges a per share rate instead), respectively). With options, the base fee is $N/A for both Cobra Trading and SpeedTrader. Option contracts are pricier at Cobra Trading, costing $0.50 versus $0 at SpeedTrader. 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. SpeedTrader 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 brokers offer the same number of mutual funds, 0.

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 alongside SpeedTrader offer virtual trading. For mobile trading, Both Cobra Trading and SpeedTrader offer clients access to an iPhone 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 SpeedTrader .

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

Cobra Trading Review
SpeedTrader 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.

arrow_drop_upBack to top