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Sofi Active Investing vs Cobra Trading : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Sofi Active Investing

Sofi Active Investing

VS
Cobra Trading

Cobra Trading

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Broker Overview

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

Market maker

None

Years of Existence / Established Year

2019

2003

Customer Base / Number of Accounts

6.2+ Million

Info not available


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Regulation & Security

Regulations (governing bodies)

SEC, FINRA

FINRA NFA

Awards Won (count for the last 2 years)

No major awards listed

Cobra Trading the best day trading platform

Security Measures

SIPC

SIPC

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

No

Yes

Negative Balance Protection

No

No


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

IPO, IRA, Shares

-

Currency Pairs

No

No

Commodities

No

No

Indices

No

No

Cryptocurrencies

Yes

No

CFDs

No

No

ETFs

Yes

No

Stocks

Yes

Yes

Options

Yes

Yes

Futures

No

Yes with Venom trading

Bonds

No

No

Mutual Funds

Yes

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

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

No

No

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

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.)

Individual brokerage, IRA (Traditional, Roth, SEP)

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

No

4:1

Trade Limit (maximum per trade)

Account Equity < $25,000: No Day Trades

Trade size vary on each asset

Commission (per account type)

$0

$0

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

Passive investors

Experienced


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Deposit & Withdrawal Options

Deposit Methods

Bank transfers (ACH), direct deposit from linked bank accounts

Check Wire Account transfer

Withdrawal Methods

ACH transfer back to linked bank accounts

Check Wire Account transfer

Other E-Wallets Supported

No

No


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Tools & Educational Resources

Economic Calendar

Yes

Yes

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

Learn (Investing Education), Market Insights and Analysis, Webinars, Investing Guides, Financial Planning Tools, Sofi Insights (Market News)

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


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Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

$0.0015 per share

Spread (typical, fixed, variable)

NA

NA

Per Lot Fees

NA

NA

Options Contract Fees

$0- $5

$0.30 per contract

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

No

4:1


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Non-Trading Fees

Dormant Fees

$25

$15

Subscription Fees (for premium features, data feeds)

NA

$0

Advisory Fees

Depending on assets type, Professional charges- 1% , annual advisory fees as low as 0.25%

NA

Swap Fees (Overnight Financing)

NA

NA

Statement or Document Fee

$5 paper statement fee

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

$0

Deposit Fee

NA

$0

Currency Conversion Fee

NA

NA

Withdrawal Fee

Outgoing ACAT transfers $100

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

4am to 8pm EST


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Customer Support

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

Monday - Friday 5am-5pm PT

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

Customer Support Methods (phone, email, live chat)

Live chat, Phone: 855-456-7634, Virtual assistant

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

San Francisco, California.

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.
Sofi Active Investing 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.
New users will likely find Sofi Active Investing sign-up process more intuitive. Meanwhile, Cobra Trading takes a more regulated path to onboarding, which could benefit traders seeking high capital limits and detailed agreements.
Sofi Active Investing integrates well with algorithmic trading tools and third-party plugins. In contrast, Cobra Trading emphasizes educational content and built-in research features within its platform.
Sofi Active Investing stands out for active traders with robust tools, while Cobra Trading suits investors seeking simplicity and ease of use.

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