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 TD Ameritrade. Is Cobra Trading or TD Ameritrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Cobra Trading and TD Ameritrade charge the same amount for regular stock trades, $0. For options trading, both Cobra Trading and TD Ameritrade charge the same base fee of $N/A. Each option contract then costs $0.65 at TD Ameritrade and $0.50 at Cobra Trading. 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. TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Cobra Trading provides clients access to Stock Trading, Options Trading, Forex Trading and Futures Trading. When it comes to mutual funds, TD Ameritrade boasts an offering of 12418 mutual funds compared to Cobra Trading's 0 available funds.
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 TD Ameritrade offer virtual trading. For mobile trading, Cobra Trading offers the iPhone App and Android App while TD Ameritrade offers the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Debit Cards and Credit Cards are available to clients of TD Ameritrade while Cobra Trading offers customers none of these.
Overall, between Cobra Trading and TD Ameritrade, TD Ameritrade is the winner.
Cobra Trading Review
TD Ameritrade Review