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

Broker Name

Cobra Trading

Broker Overview

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

None

ECN

Years of Existence / Established Year

2003

1974

Customer Base / Number of Accounts

Info not available

313,000 customers

Regulation & Security

Regulations (governing bodies)

FINRA NFA

NFA CFTC FCA

Awards Won (count for the last 2 years)

Cobra Trading the best day trading platform

Best Multi platform provider - ADVFN International Financial Awards 2024 Best Finance App - ADVFN International Financial Awards 2024 Best platform for active trader - ADVFN International Financial Awards 2022

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

17,000 + markets

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

Yes

Fractional Shares

Exchange Traded Notes (ETNs)

Yes

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Yes

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

DAS Trader Pro Sterling Trader Pro Cobra Trading view integration

ProReal Time APIs L2 dealer

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

Leveraged Accounts Spread betting account CFD accountNon-Leveraged Account Share dealing account ISA account IG smart portfolio account IG smart ISA portfolio account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$25,000

$50

Leverage Available

4:1

200:1

Trade Limit (maximum per trade)

Trade size vary on each asset

Commission (per account type)

Starting from 0.1

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

Experienced

Beginners

Deposit & Withdrawal Options

Deposit Methods

Check Wire Account transfer

Bank transfers Card FPS in Hong Kong dollars Funding on IG mobile app Wise

Withdrawal Methods

Check Wire Account transfer

Card Bank 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

Trade analytics tools Seminars & webinars

Fees & Commissions

Trading-Related Fees

$0.0015 per share

US shares 0 to 50 - commission free 50+ trades - $5Other shares Germany - 0.1% UK - 0.1% Ireland - 0.1%

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Options Contract Fees

$0.30 per contract

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Vary for each asset

Maximum Leverage

4:1

200:1

Non-Trading Fees

Dormant Fees

$15

$12/month after 24 months of no trading activity

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

$50

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Free for Wire & check deposits

Currency Conversion Fee

0.5% - CFDs and share dealing accounts 0.7% - international shares

Withdrawal Fee

Wire transfer - $25

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

Forex Monday 00:00 - Friday 22:00 GMT (International times may vary)UK shares (LSE): 08.00-16.30 (London time) US shares: 09.30-16.00 (New York time) European shares: vary on relevant exchanges

Customer Support

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

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

24x5 support

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

Call +44 (20) 7633 5430 Email: [email protected] 10AM to 7PM whatsapp channel support (Monday to Friday)

Support Languages

Additional Information

Headquarters Location

3008 E. Hebron Pkwy Building 400 Carrolton, TX 75010

IG Cannon Bridge House 25 Dowgate Hill London EC4R 2YA

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

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

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

Cobra Trading is geared toward frequent trading and analytics, while IG fits those who value simplicity and guided experiences.

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