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CMC Markets vs Cobra Trading : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
CMC Markets
Cobra Trading
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
None
Years of Existence / Established Year
1989
2003
Customer Base / Number of Accounts
265k+
Info not available
Regulation & Security
Regulations (governing bodies)
FCA, ASIC, CIRO, MAS, FMA
FINRA NFA
Awards Won (count for the last 2 years)
Best Mobile Trading Platform, No.1 Most Currency Pairs, Best for CFDs -2024, No.1 Web Platform, Best Forex Broker, Best In-House Analysts 2023
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
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
12,000+ tradable instruments including shares, Treasuries
-
Currency Pairs
Yes
No
Commodities
Yes
No
Indices
Yes
No
Cryptocurrencies
Yes
No
CFDs
Yes
No
ETFs
Yes
No
Stocks
No
Yes
Options
No
Yes
Futures
No
Yes with Venom trading
Bonds
Yes
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
CMC web platform, iOS and Android app
DAS Trader Pro Sterling Trader Pro Cobra Trading view integration
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Spread betting, CFD account , FX active, 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
$0
$25,000
Leverage Available
30:1 to 1:500
4:1
Trade Limit (maximum per trade)
No information
Trade size vary on each asset
Commission (per account type)
Standard - No commission, FX active account- $2.50
$0
Best Suited For (e.g., beginners, experienced traders)
Professional and retail traders
Experienced
Deposit & Withdrawal Options
Deposit Methods
Bank transfer, Debit/credit card, Online banking
Check Wire Account transfer
Withdrawal Methods
Bank transfer, Debit/credit card, Online banking
Check Wire Account transfer
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Learn spread betting, Learn to trade CFDs, Learn forex trading, technical indicators, Fundamental analysis, Webinars & events, Platform guides, Trading guides
Advanced order types Basket trading Charting & Multi account management Blogs, Posts & platform videos
Fees & Commissions
Trading-Related Fees
CFD trading -US shares from $10; FX active - US shares from $10; Typical STP: Spread of 1.2 pips, Typical ECN: Spread of 0.2 pips, Spread- starts from 0.0 to 0.6 pips, Overnight holding costs: 0.0027%
$0.0015 per share
Spread (typical, fixed, variable)
Fixed/Variable
NA
Per Lot Fees
$2.50
NA
Options Contract Fees
NA
$0.30 per contract
Futures Contract Fees
NA
NA
Markup Fees on Spread
$5.00 per $100,000 in nominal value
NA
Guaranteed Stop Loss Fees
Crude Oil Brent $0.02 per unit, Apple Inc $0.41 per unit, US 30 $1.50 per unit, GBP/USD $0.00015 per
NA
Maximum Leverage
1:500
4:1
Non-Trading Fees
Dormant Fees
$0
$15
Subscription Fees (for premium features, data feeds)
ASX Dynamic Data package $41.25 a month (non-professional investors) $118.80 a month, International Data service fees (US) $11, International Data service fees (NZ) $11, Live Data package Free
$0
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
NA
Statement or Document Fee
NA
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
NA
$0
Deposit Fee
$0
$0
Currency Conversion Fee
0.50%
NA
Withdrawal Fee
$0
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the instrument offer
4am to 8pm EST
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday to Friday from 8am to 8pm
Monday-Friday - 7am to 4.30pm Saturday & Sunday - Closed
Customer Support Methods (phone, email, live chat)
Email: [email protected], Phone: +44 (0)20 7170 8200
Toll free: 877-792-6272 Direct: 972-491-7999 Fax: 972-491-3111 Email: mailto:[email protected] Live Chat
Support Languages
12+
1
Additional Information
Headquarters Location
CMC Markets UK plc, 133 Houndsditch, London, EC3A 7BX, United Kingdom
3008 E. Hebron Pkwy Building 400 Carrolton, TX 75010
Complaints (for crypto brokers)
No
No
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