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

Broker Name

HYCM

Cobra Trading

Broker Overview

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

Market maker

None

Years of Existence / Established Year

1977

2003

Customer Base / Number of Accounts

No information

Info not available

Regulation & Security

Regulations (governing bodies)

FCA, DFSA, CySEC,CIMA

FINRA NFA

Awards Won (count for the last 2 years)

Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023

Cobra Trading the best day trading platform

Security Measures

Tier-1 Client Fund Security

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

300+ instruments

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

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

HYCM Trader, Web trader

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.)

Fixed, Classic and Raw account, Special account for VIP and corpoarte clients

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

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$20

$25,000

Leverage Available

1:20- 1:500

4:1

Trade Limit (maximum per trade)

250 for MT4 Unlimited for HYCM trader and MT5

Trade size vary on each asset

Commission (per account type)

No commission for fixed and classic accounts, Commissions for raw account: FX $4 per round, Metals $5 per round, Others $0 per round

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

Beginners traders

Experienced

Deposit & Withdrawal Options

Deposit Methods

Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets

Check Wire Account transfer

Withdrawal Methods

Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets

Check Wire Account transfer

Other E-Wallets Supported

Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI

Tools & Educational Resources

Economic Calendar

Yes

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

Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History

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

Fees & Commissions

Trading-Related Fees

Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round

$0.0015 per share

Spread (typical, fixed, variable)

Variable /Fixed

Per Lot Fees

$4 per round

Options Contract Fees

$0.30 per contract

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:500

4:1

Non-Trading Fees

Dormant Fees

$10 inactive for 90 days

$15

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

$50

Deposit Fee

Currency Conversion Fee

$10

Withdrawal Fee

e-wallets- 1%, Bank wires- $30, Others-$0

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)

23: 01GMT on Sunday night and 21: 00 GMT on Friday night

4am to 8pm EST

Customer Support

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

24/5 For complaints 9:00 - 18.00 (GMT +3)

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

Customer Support Methods (phone, email, live chat)

Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat

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

Support Languages

15+

Additional Information

Headquarters Location

27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited 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.

Both HYCM and Cobra Trading offer affordable fee structures, but HYCM generally edges out with no inactivity fees and lower commissions on standard trades, whereas Cobra Trading shines with bundled research and platform access.

New users will likely find HYCM sign-up process more intuitive. Meanwhile, Cobra Trading takes a more regulated path to onboarding, which could benefit traders seeking high capital limits and detailed agreements.

HYCM provides a modern trading experience with its proprietary or MT4/MT5 platform, ideal for technical traders. Cobra Trading, on the other hand, offers more research tools and is better suited for data-driven investors.

Advanced users will enjoy HYCM capabilities, but Cobra Trading remains a favorite for its streamlined and beginner-centric approach.

Explore More Broker Matchups

Here are more Comparisons to help you choose wisely

Compare HYCM and Sofi Active Investing

Compare HYCM and Interactive Brokerss

Compare HYCM And Lightyear

Compare Cobra Trading and Ally Invest

Compare Cobra Trading and Saxo bank

Compare Cobra Trading and Firstrade

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