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City Index vs Cobra Trading : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

City Index

City Index

VS
Cobra Trading

Cobra Trading

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

None

Years of Existence / Established Year

1983

2003

Customer Base / Number of Accounts

1M + active customers

Info not available


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Regulation & Security

Regulations (governing bodies)

CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC

FINRA NFA

Awards Won (count for the last 2 years)

Best trading app, Best CFD provider, Forex broker.com No.1- Performance Analytics new tool, Best in Class overall

Cobra Trading the best day trading platform

Security Measures

FSCS

SIPC

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

No


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

13,500+ assets types including Shares

-

Currency Pairs

Yes

No

Commodities

Yes

No

Indices

Yes

No

Cryptocurrencies

No

No

CFDs

Yes

No

ETFs

Yes

No

Stocks

No

Yes

Options

Yes

Yes

Futures

No

Yes with Venom trading

Bonds

Yes

No

Mutual Funds

No

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

No

MT5

No

No

cTrader

No

No

Social Trading

Yes

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

City Index mobile trading app

DAS Trader Pro Sterling Trader Pro Cobra Trading view integration

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Standard, MT4, Corporate account

Joint (JTWROS) Individual Retirement Account - IRA Roth - IRA Corporate LLC Trust Partnership

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

€100

$25,000

Leverage Available

30:1

4:1

Trade Limit (maximum per trade)

Depends on the assets class

Trade size vary on each asset

Commission (per account type)

€0

$0

Best Suited For (e.g., beginners, experienced traders)

Beginner to experienced

Experienced


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Deposit & Withdrawal Options

Deposit Methods

Bank transfer, credit card, debit card, e-wallets

Check Wire Account transfer

Withdrawal Methods

Bank transfer, credit card, debit card, e-wallets

Check Wire Account transfer

Other E-Wallets Supported

Paypal

No


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Reuters Insider, News and analysis, Trading tools, Advanced trading view Charts

Advanced order types Basket trading Charting & Multi account management Blogs, Posts & platform videos


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Fees & Commissions

Trading-Related Fees

UK Shares: 0.10% (min. €8 commission)US Shares: 1.5 cents per share (min. €8 commission)

$0.0015 per share

Spread (typical, fixed, variable)

Fixed and variable spreads

NA

Per Lot Fees

NA

NA

Options Contract Fees

NA

$0.30 per contract

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

$0

NA

Maximum Leverage

30:1

4:1


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Non-Trading Fees

Dormant Fees

$15 monthly fee after 24 months of inactivity

$15

Subscription Fees (for premium features, data feeds)

NA

$0

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

Yes

NA

Statement or Document Fee

NA

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

$0

Deposit Fee

Credit/ debit card- 2%, others - €0

$0

Currency Conversion Fee

Varies by instrument

NA

Withdrawal Fee

Bank fees may apply

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

4am to 8pm EST


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5

Monday-Friday - 7am to 4.30pm Saturday & Sunday - Closed

Customer Support Methods (phone, email, live chat)

Email: [email protected], Phone: 0800 060 8609, Live chat

Toll free: 877-792-6272 Direct: 972-491-7999 Fax: 972-491-3111 Email: mailto:[email protected] Live Chat

Support Languages

6

1


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Additional Information

Headquarters Location

1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET

3008 E. Hebron Pkwy Building 400 Carrolton, TX 75010

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
While City Index maintains low trading fees with no minimum deposit, Cobra Trading includes some charges for premium features and certain asset trades, making City Index the better option for budget-focused traders.
City Index makes starting out easy with a simple application, especially for retail clients. Cobra Trading platform, while requiring more effort to join, allows experienced traders to customize their accounts from the start.
City Index excels in real-time trade execution with minimal latency, whereas Cobra Trading complements its execution with strong analytical modules and educational support within the platform.
City Index stands out for active traders with robust tools, while Cobra Trading suits investors seeking simplicity and ease of use.

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