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

Broker Name

Cobra Trading

Oanda

Broker Overview

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

None

Market maker

Years of Existence / Established Year

2003

1996

Customer Base / Number of Accounts

Info not available

50M

Regulation & Security

Regulations (governing bodies)

FINRA NFA

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

Awards Won (count for the last 2 years)

Cobra Trading the best day trading platform

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

Security Measures

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

68+ major currency pairs

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes with Venom trading

Yes

Bonds

Yes

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

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

DAS Trader Pro Sterling Trader Pro Cobra Trading view integration

Oanda Mobile and Tablet apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

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

Standard account Corporate account Professional trading account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$25,000

Leverage Available

4:1

50:1

Trade Limit (maximum per trade)

Trade size vary on each asset

Varies by instrument

Commission (per account type)

Standard - $50/M Premium - $50/M Premium Plus - $40/M

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

Experienced

Only experienced

Deposit & Withdrawal Options

Deposit Methods

Check Wire Account transfer

Bank Wire Transfer ACH Debit card

Withdrawal Methods

Check Wire Account transfer

Debit card Bank Wire transfer

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

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

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators

Fees & Commissions

Trading-Related Fees

$0.0015 per share

Spread starts from 0.0, commission- $30 per 1M

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

4:1

50:1

Non-Trading Fees

Dormant Fees

$15

10 units of the currency for inactivity atleast 12 months.

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Vary on instruments and change on a daily basis

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

0.50%

Withdrawal Fee

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No 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)

4am to 8pm EST

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7

Customer Support

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

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

24x5

Customer Support Methods (phone, email, live chat)

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

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

Support Languages

Additional Information

Headquarters Location

3008 E. Hebron Pkwy Building 400 Carrolton, TX 75010

Dashwood House 64, Old Broad Street London EC2M 1QS

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.

Cobra Trading is known for competitive pricing on basic trades, especially for beginners. However, Oanda fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.

Cobra Trading gets you trading faster thanks to its minimal entry barriers. In comparison, Oanda account setup is slower but includes extra layers of financial screening and suitability assessments.

While Cobra Trading focuses on mobile-first design and clean user experience, Oanda includes features like in-depth charting, integrated news feeds, and strong desktop performance.

If you're after professional-grade platforms, Cobra Trading may be ideal. For casual investors, Oanda offers a low-barrier entry.

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