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