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

Broker Name

Qtrade

Cobra Trading

Broker Overview

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

ECN broker

None

Years of Existence / Established Year

2000

2003

Customer Base / Number of Accounts

1Million

Info not available

Regulation & Security

Regulations (governing bodies)

IIROC, CIRO

FINRA NFA

Awards Won (count for the last 2 years)

No major awards listed

Cobra Trading the best day trading platform

Security Measures

CIPF

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

100+ commission-free ETFs, GIC, Exchange-traded debentures, Fixed income

Currency Pairs

Commodities

Indices

Cryptocurrencies

CFDs

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes with Venom trading

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

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.)

Qtrade trading platform

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.)

Cash- Individual, Society, Joint, Religious organization, Trust, Investment club, Estates Company, Registered accounts- FHSA, TFSA, RRSP, LIRA/ LRSP, RESP, RIF, LIF

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

Trade Limit (maximum per trade)

$500,000

Trade size vary on each asset

Commission (per account type)

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

Long term investor and self-directed investment options

Experienced

Deposit & Withdrawal Options

Deposit Methods

Electronic fund transfer,bank transfer, e-transfer services, Bill payment

Check Wire Account transfer

Withdrawal Methods

Bank transfer

Check Wire Account transfer

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

Education- New to investing, Experienced with investing, Weekly Market Pulse

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

Fees & Commissions

Trading-Related Fees

Equities- $6.95- $8.75, Options- $8.75 + $1.25 per contract/ $6.95 + $1.25 per contract, ETFs- $0, Mutual fund- $8.75/ $6.95, ETFs - Others- $8.75/ $6.95, Fixed income and Exchange-traded debentures- $1 per $1,000 face value/ $1 per $1,000 face value, DAP accounts - $10 per trade, $7.75 - commissions for stock, mutual fund and ETF trades

$0.0015 per share

Spread (typical, fixed, variable)

Per Lot Fees

Options Contract Fees

$8.75 + $1.25 per contract/ $6.95 + $1.25 per contract

$0.30 per contract

Futures Contract Fees

Markup Fees on Spread

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)

$45 / security

Statement or Document Fee

$2.50 / trade Paper account statements $6 / quarter

Account Opening Fee

$100 setup + $50 / year after first year

Account Maintenance Fee

$25/ quarter

Deposit Fee

Currency Conversion Fee

$100 / transaction

Withdrawal Fee

Account transfer out $150

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: Available online and by phone from 8:30-9:29 AM ET, After-hours trading: Available online and by phone from 4-5 PM ET

4am to 8pm EST

Customer Support

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

Monday to Friday 8:30 am to 8:00 pm ET

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

Customer Support Methods (phone, email, live chat)

E-mail: [email protected], 1.877. 787.2330

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

Support Languages

Additional Information

Headquarters Location

Canada

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.

If minimizing trading costs is your top priority, Qtrade might be more attractive due to its lower commissions. Meanwhile, Cobra Trading justifies its moderate fees with more robust tools and professional-grade features.

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

The trading interface of Qtrade is known for its speed and ease-of-use, while Cobra Trading shines with its customizable layouts and advanced charting capabilities, making it a strong choice for serious analysts.

Advanced users will enjoy Qtrade 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 Qtrade and Fineco Bank

Compare Qtrade and XTB

Compare Qtrade and Ally Invest

Compare Cobra Trading and EC Markets

Compare Cobra Trading and City Index

Compare Cobra Trading and TradeStation

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