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TD Ameritrade vs Cobra Trading 2020

Is Cobra Trading better than TD Ameritrade? After testing 15 of the best online brokers over five months, TD Ameritrade (97.44%) is better than Cobra Trading (56.88%). TD Ameritrade delivers the ultimate package for investors, including $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-round experience makes TD Ameritrade our top overall broker in 2020.

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Overall Rating

Trading Fees

Feature TD Ameritrade Cobra Trading
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) $0.00 N/A
ETF Trade Fee $0.00 N/A
Options Base Fee $0.00 N/A
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $49.99 $25.00
Broker Assisted Trades Fee $44.99 $0.00
Commissions & Fees 4.5 3
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Margin Rates

Feature TD Ameritrade Cobra Trading
Under $24,999.99 9.50% 5.25%
$25,000.00 to $49,999.99 9.00% 5.25%
$50,000.00 to $99,999.99 8.00% 5.25%
$100,000.00 to $249,999.99 7.75% 5.25%
$250,000.00 to $499,999.99 7.50% 5.25%
$500,000.00 to $999,999.99 N/A 5.25%
Above $1,000,000.00 N/A 5.25%
Commissions & Fees 4.5 3
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Account Fees

Feature TD Ameritrade Cobra Trading
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $0.00 $95.00
Returned ACH Fee $25.00 $25.00
Returned Wire Fee $25.00 $25.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $500.00 N/A
Paper Statement Fee $0.00 $2.00
Paper Confirmation Fee $0.00 $3.00
Domestic Wire Fee $25.00 $20.00
International Wire Fee $25.00 $50.00
Commissions & Fees 4.5 3

Investment Options

Feature TD Ameritrade Cobra Trading
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes Yes
Forex Trading
Yes Yes
Commission-Free ETFs all 0
Mutual Funds (No Load)
5992 0
Mutual Funds (Total)
11949 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 3
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Order Types

Feature TD Ameritrade Cobra Trading
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 3
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Trading Platforms

Feature TD Ameritrade Cobra Trading
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes No
Paper Trading
Yes Yes
Trade Journal
Yes No
Watch Lists - Total Fields
514 30
Heat Mapping
Yes No
AI Assistant Bot
Yes No
Platforms & Tools 5 3
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Charting Features

Feature TD Ameritrade Cobra Trading
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
489 36
Charting - Drawing Tools
22 10
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
9 8
Charting - Custom Studies
Yes No
Platforms & Tools 5 3
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Day Trading

Feature TD Ameritrade Cobra Trading
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes Yes
Streaming Time & Sales
Yes Yes
Streaming TV
Yes 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
Yes No
Short Locator
No Yes
Order Liquidity Rebates
No Yes
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Mobile Trading Apps

Feature TD Ameritrade Cobra Trading
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
Yes No
Touch / Face ID
Yes No
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Mobile App Features

Feature TD Ameritrade Cobra Trading
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3
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Research Overview

Feature TD Ameritrade Cobra Trading
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 5 1.5
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Stock Research

Feature TD Ameritrade Cobra Trading
Stock Research - Reports
7 1
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 1.5
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ETF Research

Feature TD Ameritrade Cobra Trading
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 1.5
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Mutual Fund Research

Feature TD Ameritrade Cobra Trading
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 1.5
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Options Trading

Feature TD Ameritrade Cobra Trading
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
33 17
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 5 3
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Beginners

Feature TD Ameritrade Cobra Trading
Education (Stocks)
Yes No
Education (ETFs)
Yes No
Education (Options)
Yes No
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
500 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 1
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Banking

Feature TD Ameritrade Cobra Trading
Retail Locations
284 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 3 0.5

Overall

Feature TD Ameritrade Cobra Trading
TD Ameritrade Review Cobra Trading Review
Overall 5 3
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Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Cobra Trading vs TD Ameritrade.

Is Cobra Trading or TD Ameritrade better for beginners?
TD Ameritrade is better for beginner investors than Cobra Trading. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about Cobra Trading vs TD Ameritrade pricing?
Cobra Trading and TD Ameritrade both cost $0 per trade. 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. For a complete commissions summary, see our best discount brokers guide.

Does Cobra Trading or TD Ameritrade offer a wider range of investment options?
TD Ameritrade offers a more diverse selection of investment options than Cobra Trading. TD Ameritrade offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Forex Trading, Advisor Services and International Trading. Looking at Mutual Funds, Cobra Trading trails TD Ameritrade by 11,949 total mutual funds, with TD Ameritrade offering 11949 and Cobra Trading offering 0.

Which trading platform is better: Cobra Trading or TD Ameritrade?
To compare the trading platforms of both Cobra Trading and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Clients can have Checking Accounts, Debit Cards and Credit Cards at TD Ameritrade while customers at Cobra Trading can have none of these.

Overall, between Cobra Trading and TD Ameritrade, TD Ameritrade is the better online broker.

Cobra Trading Review
TD Ameritrade Review

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All pricing data was obtained from a published web site as of 01/20/2020 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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

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