Head-to-head comparison across ratings, fees, asset coverage, and platform breadth.
4.0 / 5
For active day traders and short sellers with $27K+ in capital who need multi-source HTB locates, true DMA without PFOF, and a human picking up the phone. Not a fit for buy-and-hold, beginners, or anyone who wants a polished mobile app.
4.0 / 5
One of the most powerful low-cost platforms for active equity and options traders in the US. Free NASDAQ TotalView Level 2, $0 equity options, flat 6.8% margin, and Hong Kong/China A-share access. Structurally incomplete: no IRAs, no joint accounts, no mutual funds, no bonds.
Each broker scored 0–5 across the same 8 dimensions.
Green cells mark the winner on each metric. Tie rows are uncoloured.
| Metric | Cobra | Moomoo | Winner |
|---|---|---|---|
| OverallEditorial score | 4.00 / 5 | 4.00 / 5 | Tie |
| Sub-ratingsCommissions & fees | 4.50 | 4.70 | Moomoo |
| Sub-ratingsPlatforms & tools | 4.50 | 4.50 | Tie |
| Sub-ratingsMobile app | 2.00 | 4.50 | Moomoo |
| Sub-ratingsResearch | 2.50 | 4.00 | Moomoo |
| Sub-ratingsEducation | 2.00 | 4.00 | Moomoo |
| Sub-ratingsCustomer service | 4.50 | 3.50 | Cobra |
| Sub-ratingsRange of investments | 3.00 | 3.50 | Moomoo |
| Sub-ratingsActive trading | 5.00 | 4.50 | Cobra |
| PricingLowest margin rate | 5.25% | 6.80% | Cobra |
| PricingPFOF on equities | Does not accept | Does not accept | Tie |
| Asset class | Cobra | Moomoo |
|---|---|---|
| US stocks (NYSE/Nasdaq/AMEX) | Yes | |
| OTC / Pink Sheets / OTCBB | Yes | |
| Options (multi-leg + spreads) | Yes | |
| US Treasuries / bonds | No | |
| Crypto (direct) | No | Yes |
| International stocks / ADRs | No | |
| 24-hour overnight equity trading | No | Yes |
| Hard-to-borrow short locates | Yes | |
| US stocks (NYSE/Nasdaq) | Yes | |
| OTC stocks | Limited | |
| Equity options (up to 4-leg) | Yes | |
| Index options (SPX, NDX, including 0DTE) | Yes | |
| US Treasuries / individual bonds | No | |
| Hong Kong stocks (HKEX) | Yes | |
| China A-shares | Yes | |
| ADRs | Yes | |
| IRAs (Traditional, Roth, Rollover, SEP, SIMPLE) | No | |
| Joint / custodial / trust accounts | No |