Cobra Trading vs Wealthsimple

Cobra Trading vs Wealthsimple Comparison Table 2022
Cobra Trading Wealthsimple
WINNER
Cobra Trading is the better broker
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
Trade stocks and options on advanced platforms at Cobra Trading. Wealthsimple offers managed investment portfolios to Canadian residents. Clients can build a trading solution based on their financial goals and risk tolerance. Buy and sell stocks, ETFs, and cryptocurrencies. 2 million+ accounts have already been opened.
Awards
  • Best Financial Services Website - Webby Awards
  • Top 100 Global Financial Technology Companies - Fintech 100
Instruments
Stocks, options Stocks, ETFs, Cryptocurrencies
Demo Account
Yes No
Minimum Deposit
$30,000 ($27,000 in US) $1
Payment Methods
Minimum Trade
$1.00 $1
Regulator
FINRA IIROC
Margin Trading
No No
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No
eSignal
No
Trading Central
No
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 Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes Yes via robo advisor
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Islamic Account
No Yes
Account Currencies
  • USD
  • CAD
Stock Exchanges
Commodities
Cryptocurrency
Crypto trading not offered Buy and sell 50+ crypto tokens including Bitcoin, Ethereum and Dogecoin
Spread
1.5 – 2% operational fee
Coins
  • ZRX
  • 1INCH
  • AAVE
  • APE
  • AMP
  • ANKR
  • AVAX
  • AXS
  • BAL
  • BNT
  • BAND
  • BAT
  • BTC
  • BCH
  • ADA
  • CTSI
  • CELO
  • LINK
  • CHZ
  • CHR
  • COMP
  • ATOM
  • COTI
  • CRV
  • DAI
  • MANA
  • DOGE
  • DYDX
  • ENJ
  • ETH
  • FTM
  • FIL
  • GALA
  • GRT
  • KNC
  • LTC
  • LRC
  • LUNC
  • MKR
  • PAXG
  • DOT
  • MATIC
  • QNT
  • REN
  • SAND
  • SHIB
  • SKL
  • SOL
  • XLM
  • STORJ
  • SUSHI
  • SNX
  • XTZ
  • UMA
  • UNI
  • USDC
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No
Auto Market Maker
No No
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