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 have equal fees for trading stocks (equities), $0 per trade. Looking at options, the base fees charged are the same for both brokers, $N/A. Option contracts cost $0.50 each 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 boasts an offering of 4357 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. Both Cobra Trading and TradeStation offer virtual trading. For mobile trading, Cobra Trading offers the iPhone App and Android App while TradeStation offers the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Cobra Trading and TradeStation as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.
Overall, between Cobra Trading and TradeStation, TradeStation is the winner.
Cobra Trading Review