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 SpeedTrader.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. SpeedTrader charges $4.49 per stock trade which is $4.49 more than Cobra Trading which charges customers $0 (the broker charges a per share rate instead) per trade. For options trading, both Cobra Trading and SpeedTrader charge the same base fee of $N/A. SpeedTrader's per contract rate of $0 is less than Cobra Trading which charges $0.50. 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. SpeedTrader supports Stock Trading and Options Trading while Cobra Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, both brokers offer clients access to the same number of mutual funds, 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Cobra Trading alongside SpeedTrader offer virtual trading. Taking a look at mobile trading, Both Cobra Trading and SpeedTrader offer clients access to an iPhone 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 SpeedTrader as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.
Overall, between Cobra Trading and SpeedTrader, SpeedTrader is the winner.
Cobra Trading Review