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

Broker Name

Freetrade

Freetrade

VS
Cobra Trading

Cobra Trading

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Broker Overview

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

STP broker

None

Years of Existence / Established Year

2016

2003

Customer Base / Number of Accounts

1.5 M

Info not available


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Regulation & Security

Regulations (governing bodies)

FCA

FINRA NFA

Awards Won (count for the last 2 years)

Best Online trading platform 2024

Cobra Trading the best day trading platform

Security Measures

Yes

SIPC

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

No


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

6200+ U.S Treasury Bills, Investment trust

-

Currency Pairs

No

No

Commodities

No

No

Indices

No

No

Cryptocurrencies

No

No

CFDs

No

No

ETFs

Yes

No

Stocks

Yes

Yes

Options

No

Yes

Futures

No

Yes with Venom trading

Bonds

No

No

Mutual Funds

No

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

Yes

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

No

No

cTrader

No

No

Social Trading

Yes

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Freetrade web and mobile trading platform

DAS Trader Pro Sterling Trader Pro Cobra Trading view integration

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

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

General investment account, Stocks and shares ISA, Personal pension account

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

Demo Account (Yes/No)

No

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$0

$25,000

Leverage Available

100:1

4:1

Trade Limit (maximum per trade)

depends on asset class

Trade size vary on each asset

Commission (per account type)

$0

$0

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

Beginners to experienced traders

Experienced


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Deposit & Withdrawal Options

Deposit Methods

Bank transfer, debit card, Apple pay, google pay

Check Wire Account transfer

Withdrawal Methods

Linked bank account

Check Wire Account transfer

Other E-Wallets Supported

Apple pay , google pay

No


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Tools & Educational Resources

Economic Calendar

No

Yes

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

Learn (Trading Education), Freetrade Blog (Market Insights), Webinars, Investing Guides, Video Tutorials, Community Forum

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


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Fees & Commissions

Trading-Related Fees

FX fee of 0.59%

$0.0015 per share

Spread (typical, fixed, variable)

Variable

NA

Per Lot Fees

NA

NA

Options Contract Fees

NA

$0.30 per contract

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

100:1

4:1


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Non-Trading Fees

Dormant Fees

$0

$15

Subscription Fees (for premium features, data feeds)

$0

$0

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

NA

NA

Statement or Document Fee

NA

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

£10.97

$0

Deposit Fee

£5

$0

Currency Conversion Fee

Exchange rate + 0.99%

NA

Withdrawal Fee

£5

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Monday to Friday: 8:00 AM - 4:30 PM GMT Monday to Friday: 9:30 AM - 4:00 PM ET (2:30 PM - 9:00 PM GMT) European Market Hours- Monday to Friday: 9:00 AM - 5:30 PM CET (8:00 AM - 4:30 PM GMT)

4am to 8pm EST


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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)

Help hub, community forum, E-mail, Social media

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

Support Languages

1

1


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Additional Information

Headquarters Location

Level 2, The Truman Brewery, 91 Brick Lane, London, England, E1 6QL

3008 E. Hebron Pkwy Building 400 Carrolton, TX 75010

Complaints (for crypto brokers)

No

No


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.
Freetrade is known for competitive pricing on basic trades, especially for beginners. However, Cobra Trading fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
Freetrade offers a quick and paperless account setup that appeals to traders on the go, whereas Cobra Trading more involved onboarding process adds an extra layer of safety and regulatory checks.
New traders may find Freetrade interface more welcoming, while Cobra Trading appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.
If you're after professional-grade platforms, Freetrade may be ideal. For casual investors, Cobra Trading offers a low-barrier entry.

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