StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

TD Ameritrade vs Cobra Trading 2020

Is TD Ameritrade better than Cobra Trading? After scoring brokers in eight separate categories for our 2020 review, TD Ameritrade (97.44%) is better than Cobra Trading (56.88%).

TD Ameritrade

Best Overall 2020 - Open Account
Exclusive Offer: Get up to $600 and trade commission-free with TD Ameritrade.

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. Read full review

Cobra Trading

DasTrader Pro - Open Account
Special Offer: Get a 50% comm. discount for 60 days.

Cobra Trading was founded in 2003 by Chadd Hessing as a direct-access, low-cost online brokerage for professional stock traders. While Cobra Trading offers multiple trading platforms and personalized service, trading costs are more expensive than leader Interactive Brokers. Read full review

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
Winner check_circle

Margin Rates

Feature TD Ameritrade Cobra Trading
Under $24,999.99 10.00% 5.25%
$25,000.00 to $49,999.99 9.75% 5.25%
$50,000.00 to $99,999.99 8.75% 5.25%
$100,000.00 to $249,999.99 8.50% 5.25%
$250,000.00 to $499,999.99 8.25% 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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

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
Winner check_circle

Beginners

Feature TD Ameritrade Cobra Trading
Has Education - Stocks
Yes No
Has Education - ETFs
Yes No
Has Education - Options
Yes No
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has 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
Winner check_circle

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
Winner check_circle

Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Cobra Trading vs TD Ameritrade to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. 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. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. TD Ameritrade supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Cobra Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading. As far as mutual funds go, TD Ameritrade offers its clients access to 11949 different mutual funds while Cobra Trading has 0 available funds, a difference of 11,949.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both Cobra Trading and TD Ameritrade offer virtual trading. For mobile trading, Cobra Trading offer clients access to an iPhone App and Android App while TD Ameritrade has an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. 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 winner.

Cobra Trading Review
TD Ameritrade Review



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.

arrow_drop_upBack to top