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 TradeStation. Is Cobra Trading or TradeStation 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 TradeStation charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $N/A. Option contracts run $0.50 a piece at both brokerages. 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. TradeStation supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Cobra Trading supports Stock Trading, Options Trading, Forex Trading and Futures Trading. When it comes to mutual funds, TradeStation offers its clients access to 4357 different mutual funds while Cobra Trading has 0 available funds, a difference of 4,357.
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 TradeStation offer virtual trading. For mobile trading, Cobra Trading supports the iPhone App and Android App while TradeStation supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple 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 TradeStation .
Overall, between Cobra Trading and TradeStation, TradeStation is the winner.
Cobra Trading Review