Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 4,000 data points, let's compare Cobra Trading vs TradeStation.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. TradeStation, with its regular stock trades costing $5, is more expensive than Cobra Trading's rate of $0 (the broker charges a per share rate instead) per trade. With options, the base fees charged are $5 (TradeStation) and $N/A (Cobra Trading). Option contracts cost $0.50 each at both brokerages. 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. TradeStation provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Cobra Trading provides clients access to Stock Trading, Options Trading, Forex Trading and Futures Trading. Looking at mutual funds, Cobra Trading trails TradeStation by 4,357 total mutual funds, with TradeStation offering 4357 and Cobra Trading offering 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both Cobra Trading and TradeStation offer virtual trading. Taking a look at mobile trading, Cobra Trading offers the iPhone App and Android App while TradeStation offers the iPhone App, iPad 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 TradeStation . On the whole, when it comes to tools, research, and mobile trading, both Cobra Trading and TradeStation were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, between Cobra Trading and TradeStation, TradeStation is the winner
Cobra Trading Review