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TMGM vs Cobra Trading : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TMGM
Cobra Trading
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
None
Years of Existence / Established Year
2013
2003
Customer Base / Number of Accounts
No information
Info not available
Regulation & Security
Regulations (governing bodies)
ASIC, VFSC and FSC
FINRA NFA
Awards Won (count for the last 2 years)
Most Trusted Forex Broker 2024, Best Forex Trading Platform 2024, SkyLine Guide 2024 Award, Most Innovative Sports Sponsorship 2024, Brokersview Fastbull 2024 Award
Cobra Trading the best day trading platform
Security Measures
Civil Liability Insurance program for a limit of $10,000,000
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
12,000 instruments including shares
-
Currency Pairs
Yes
No
Commodities
Yes
No
Indices
Yes
No
Cryptocurrencies
Yes
No
CFDs
Yes
No
ETFs
Yes
No
Stocks
Yes
Yes
Options
No
Yes
Futures
Yes
Yes with Venom trading
Bonds
No
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
No
MT5
Yes
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
TMGM app
DAS Trader Pro Sterling Trader Pro Cobra Trading view integration
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Edge and classic account
Joint (JTWROS) Individual Retirement Account - IRA Roth - IRA Corporate LLC Trust Partnership
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$100
$25,000
Leverage Available
1:100 to 1:1000
4:1
Trade Limit (maximum per trade)
Depends on the assets type
Trade size vary on each asset
Commission (per account type)
Currency Pairs: $7 ; Precious Metals: $5
$0
Best Suited For (e.g., beginners, experienced traders)
Experienced traders
Experienced
Deposit & Withdrawal Options
Deposit Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Check Wire Account transfer
Withdrawal Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Check Wire Account transfer
Other E-Wallets Supported
Skrill, Neteller.SticPay, FasaPay, UnionPay
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Market analysis, Traders terminology, Trading tools
Advanced order types Basket trading Charting & Multi account management Blogs, Posts & platform videos
Fees & Commissions
Trading-Related Fees
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
$0.0015 per share
Spread (typical, fixed, variable)
variable/floating spread
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
1:1000
4:1
Non-Trading Fees
Dormant Fees
$30 per month after 6 months of inactivity
$15
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
$0
$0
Currency Conversion Fee
Charges not mentioned, May apply for non-USD deposits
NA
Withdrawal Fee
$0
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the assets type
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)
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Toll free: 877-792-6272 Direct: 972-491-7999 Fax: 972-491-3111 Email: mailto:[email protected] Live Chat
Support Languages
15+
1
Additional Information
Headquarters Location
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
3008 E. Hebron Pkwy Building 400 Carrolton, TX 75010
Complaints (for crypto brokers)
No
No
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