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

Broker Name

Webull

Cobra Trading

Broker Overview

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

Self-directed retail brokerage platform

None

Years of Existence / Established Year

2017

2003

Customer Base / Number of Accounts

20 Million

Info not available

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

FINRA NFA

Awards Won (count for the last 2 years)

2024 Global Private Banking Awards

Cobra Trading the best day trading platform

Security Measures

SIPC, FIDC, Apex Clearing Corp upto $150 million

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

3,300 ETFs including OTC, Margin, Index options, US treasuries bonds

Currency Pairs

Commodities

Indices

Cryptocurrencies

Yes

CFDs

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Yes with Venom trading

Bonds

Yes

Mutual Funds

Yes

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

MT5

cTrader

Social Trading

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Desktop, Web, and Mobile apps

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.)

Individual, IRA, Futures, Advisor, Entity

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

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$25,000

Leverage Available

4:1 to 2:1

4:1

Trade Limit (maximum per trade)

Unlimited number of day trades

Trade size vary on each asset

Commission (per account type)

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

Beginners, Active and passive investor

Experienced

Deposit & Withdrawal Options

Deposit Methods

Bank linking, ACH, Wire Transfer, Debit card funding, Recurring deposit

Check Wire Account transfer

Withdrawal Methods

ACH withdrawals

Check Wire Account transfer

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

Trading Education, Market News and Analysis, Webinars and Live Events, Trading Simulator, Financial Insights and Research

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

Fees & Commissions

Trading-Related Fees

Regulatory Transaction Fee- $0.0000278*Total $ Trade Amount, Regulatory Fee- $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per, CAT Regulatory Fees- $0.000052 * Total Trade Volume, Low-Priced Securities- $0.0002 per share, F-stocks (foreign settlement)- Buys: $5.00 per trade, Sells: $0.05 per trade, liquidity Charge- Minimum Overnight Interest Rate: 15% Fee: $250, CAT Regulatory Fees- Buys & Sells: $0.00000072 * Total Trade Volume

$0.0015 per share

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Options Contract Fees

$0.10 per contract

$0.30 per contract

Futures Contract Fees

$1.50

Markup Fees on Spread

1.50%

Guaranteed Stop Loss Fees

Maximum Leverage

4:1

Non-Trading Fees

Dormant Fees

$15

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Statement or Document Fee

$2 for each confirmation, $5 for each account statement, and $2.5 for each prospectus mailing

Account Opening Fee

Account Maintenance Fee

Deposit Fee

$8 for deposits in the U.S., $12.5 for international deposits

Currency Conversion Fee

$10

Withdrawal Fee

$25 for withdrawals in the U.S, and $45 for international withdrawals

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)

Pre-market trading from 4:00 AM to 9:30 AM EST

4am to 8pm EST

Customer Support

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

24/7

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

Customer Support Methods (phone, email, live chat)

E-mail: [email protected], call :1-888-828-0618, in app 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

44 Wall Street, New York City

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.

Webull stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Cobra Trading offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Account approval at Webull is usually completed within hours, often with automated ID checks. Cobra Trading might take longer due to manual reviews, but provides in-depth onboarding support along the way.

Webull platform is great for fast-paced day trading, especially with features like one-click trading. Cobra Trading platform, by comparison, is built for strategy testing and long-term portfolio management.

Advanced users will enjoy Webull 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 Webull and HFM

Compare Webull and Fusion Markets

Compare Webull and CMC Markets

Compare Cobra Trading and Forex.com

Compare Cobra Trading and AMP Global

Compare Cobra Trading and Fusion Markets

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