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

Broker Name

FXCM

Cobra Trading

Broker Overview

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

Market maker

None

Years of Existence / Established Year

1999

2003

Customer Base / Number of Accounts

No information

Info not available

Regulation & Security

Regulations (governing bodies)

FCA, CySEC, ASIC, FSCA, ISA

FINRA NFA

Awards Won (count for the last 2 years)

Best In Class 2024 - ForexBrokers.com

Cobra Trading the best day trading platform

Security Measures

FSCS

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

10,000+ trading instruments shares

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Stocks

Yes

Options

Yes

Futures

Yes with Venom trading

Bonds

Mutual Funds

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Trading station, Trading View Pro

DAS Trader Pro Sterling Trader Pro Cobra Trading view integration

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Standard, Active trading, Spread betting, Professional

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

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$50

$25,000

Leverage Available

30:1 to 1000:1

4:1

Trade Limit (maximum per trade)

50 million per trade

Trade size vary on each asset

Commission (per account type)

$ 4 / lot

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

Active and experienced traders

Experienced

Deposit & Withdrawal Options

Deposit Methods

Debit/Credit Card Via mobile app, Bank wire, China online payment, Crypto

Check Wire Account transfer

Withdrawal Methods

Debit/Credit Card, Bank Wire, Local Bank Transfer, and Online Bank Transfer.

Check Wire Account transfer

Other E-Wallets Supported

Skrill, Neteller, Google pay, Apple pay

Tools & Educational Resources

Economic Calendar

Yes

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

Education, Trading Guides, Trading Tools, Research

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

Fees & Commissions

Trading-Related Fees

Spread- 1.3 pips

$0.0015 per share

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

$0.30 per contract

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1000:1

4:1

Non-Trading Fees

Dormant Fees

$50

$15

Subscription Fees (for premium features, data feeds)

Advisory Fees

$30

Swap Fees (Overnight Financing)

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

$25

Deposit Fee

Currency Conversion Fee

Withdrawal Fee

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Varies by product

4am to 8pm EST

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)

WhatsApp: +44 7537 432259 (message only), Email: [email protected], Live chat, Request a call

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

Support Languages

Additional Information

Headquarters Location

London, United Kingdom

3008 E. Hebron Pkwy Building 400 Carrolton, TX 75010

Complaints (for crypto brokers)

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 FXCM maintains low trading fees with no minimum deposit, Cobra Trading includes some charges for premium features and certain asset trades, making FXCM the better option for budget-focused traders.

If speed and simplicity matter to you, FXCM delivers a streamlined account setup. In contrast, Cobra Trading includes more documentation and KYC checks, which can delay access but ensures strong compliance.

If you're trading on-the-go, FXCM mobile platform is fluid and intuitive. Cobra Trading desktop and web apps are more robust, making them suitable for in-depth trading sessions.

FXCM caters to serious traders who value advanced features, whereas Cobra Trading appeals to beginners due to its user-friendly platform.

Explore More Broker Matchups

Here are more Comparisons to help you choose wisely

Compare FXCM and Interactive Brokerss

Compare FXCM and interactive investor

Compare FXCM and Webull

Compare Cobra Trading and axi

Compare Cobra Trading and TradeStation

Compare Cobra Trading and MEXEM

Our Latest Contents

Stay updated with our newest insights and guides!

Top Broker Reviews

Discover brokers trusted by global traders.

Select Your Brokers to Compare