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

Broker Name

TradeStation

Cobra Trading

Broker Overview

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

ECN broker

None

Years of Existence / Established Year

1982

2003

Customer Base / Number of Accounts

226506+ clients

Info not available

Regulation & Security

Regulations (governing bodies)

CFTC, NFA, FINRA, SEC

FINRA NFA

Awards Won (count for the last 2 years)

Best in Class awards in StockBrockers.com 2023 Online Broker Review, Best Brokerage App at the 2023 Benzinga Global Fintech Awards, TradingView's Best Broker in the AMER Region 2023 Award

Cobra Trading the best day trading platform

Security Measures

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Futures option

Currency Pairs

Commodities

Indices

Cryptocurrencies

CFDs

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Yes with Venom trading

Bonds

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.)

Desktop, Web trading, Mobile app, Futures Plus

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.)

Individual, Retirement, Entity

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)

Depends on asset class

Trade size vary on each asset

Commission (per account type)

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

Beginners and experienced traders

Experienced

Deposit & Withdrawal Options

Deposit Methods

Wire transfer, Check, Electronic transfer

Check Wire Account transfer

Withdrawal Methods

Wire transfer, Check, Electronic transfer

Check Wire Account transfer

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

Trading Education, Market Insights, Webinars, Online Trading Courses, Strategy Development and Backtesting

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

Fees & Commissions

Trading-Related Fees

Commission- Stocks and ETFs- $0, Stock options- $0 Commission + $0.60 per contract, Future options- $0 Commission + $0.60 per contract, Micro futures- $0 Commission + $0.50 per contract, per side, Futures- $0 Commission + $1.50 per contract, per side

$0.0015 per share

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Options Contract Fees

$0 Commission + $0.60 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

$10 per month

$15

Subscription Fees (for premium features, data feeds)

TradeStation platform - $149.95 / month, Without Brokerage Account- $99.99 / month $199.99 for professionals, folio-level strategy back-testing tool - $59.95 / month

Advisory Fees

$25

Swap Fees (Overnight Financing)

Statement or Document Fee

$1 per page

Account Opening Fee

Account Maintenance Fee

$35 per year

Deposit Fee

Currency Conversion Fee

Starts from $0.35

Withdrawal Fee

Wire transfer- $25- $35

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)

9:30 am ET to 4:00 pm ET

4am to 8pm EST

Customer Support

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

8:00 a.m. - 5:00 p.m. ET

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

Customer Support Methods (phone, email, live chat)

Phone: 800.822.0512, Live chat, E-mail: [email protected]

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

8050 SW 10th Street, Suite 2000. Plantation, FL 33324

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.

TradeStation 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.

Creating an account with TradeStation is generally faster and more user-friendly, often taking just a few minutes, while Cobra Trading requires more detailed steps and identity verification, which may suit more cautious investors.

TradeStation excels in real-time trade execution with minimal latency, whereas Cobra Trading complements its execution with strong analytical modules and educational support within the platform.

If you're after professional-grade platforms, TradeStation may be ideal. For casual investors, Cobra Trading offers a low-barrier entry.

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