Cobra Trading vs SpeedTrader Review
The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.
Is Cobra Trading better than SpeedTrader? After scoring brokers on over 4,000 data points for our 2019 review, SpeedTrader (51.25%) is better than Cobra Trading (49.66%). SpeedTrader is one of several direct-access brokers that focus on professional traders. The offerings are all identical, and SpeedTrader generally fails to match those of industry powerhouse Interactive Brokers, with the one caveat being personalized service.
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 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. Each option contract then costs $0.50 at Cobra Trading and $0 at SpeedTrader. 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 offers clients Stock Trading and Options Trading while Cobra Trading offers Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, both Cobra Trading and SpeedTrader provide clients with access to 0 total mutual funds.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both Cobra Trading and 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. 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
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.