12Trader vs Cobra Trading

12Trader vs Cobra Trading Comparison Table 2024
12Trader Cobra Trading
12Trader has closed.
3.3

12Trader is a regulated online broker offering trading in forex & CFDs.

Established in 2003, Cobra Trading is a US-based brokerage specializing in equities and options contracts. The firm offers 3 powerful platforms and is aimed at professional clients or those looking for retirement accounts. Cobra Trading is regulated by the NFA and SIPC and is a member of FINRA.

Comment by Reviewer
"After exploring this popular US brokerage, I think experienced stock traders who can deposit at least $30,000 to open an account with appreciate the broker’s low trading fees of $0.0015 per share."
Pros
  • I’m happy with the broker’s regulatory status in the US, with oversight from reputable bodies including the SIPC, NFA and FINRA. This, coupled, with the broker’s strong reputation since 2003 is a great sign of a trustworthy firm
  • I think the choice of 3 platforms means all strategies and trading styles are catered to. All platforms offer comprehensive charting packages, with sophisticated analysis tools and advanced order types
  • I found some reasonably low fees at Cobra Trading, including shares from $0.0015, options from $0.30 and margin rates as low as 8%
  • Cobra Trading offers a good range of account types, including traditional and Roth IRA’s, plus joint, corporate and trust accounts
  • I like that Cobra Trading doesn’t enforce any minimums on trades and there are also no locate fees
Cons
  • Despite the low trading fees, this broker does charge several other platform and admin fees which will soon add up, including monthly software fees from $100 and market data packages from $18 per month
  • Unfortunately, Cobra Trading isn’t going to be suitable for novices, as the minimum deposit to open an account is $30,000. I think it’s a shame that there are no beginner-friendly accounts at this broker
  • I did find that pattern day trading (PDT) restrictions will apply, though this is expected from a US brokerage
Instruments
Forex, CFDs, indices, stocks, commodities, cryptocurrency Stocks, options
Demo Account
Yes Yes
Minimum Deposit
$500
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
CySEC, VFSC FINRA
Margin Trading
No No
Margin Rate
8%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes - daily Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Commodities
CFD Trading
CFDs available on indices, stocks, FX, commodities, and crypto pairs CFD trading not offered
Leverage
1:400
FTSE Spread
1
GBPUSD Spread
0.6
Oil Spread
0.05
Stocks Spread
Variable
Forex Trading
Forex trading on dozens of majors, minors and exotics Forex trading not offered
GBPUSD Spread
0.5
EURUSD Spread
0.6
EURGBP Spread
0.5
Assets
41
Cryptocurrency
Trade cryptocurrency CFDs Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • XRP
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
12Trader has closed.
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