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Cobra Trading vs Rockfort Markets

Cobra Trading or Rockfort Markets – which is better for UK traders 2024? Compare Cobra Trading and Rockfort Markets in this detailed breakdown of their platforms, features and fees.

Cobra Trading vs Rockfort Markets Comparison Table 2024
Cobra Trading	Rockfort Markets

3.3	3.6
Cobra Trading is ranked #110 among UK brokers.	Rockfort Markets is ranked #48 among CFD brokers.
Review	Review
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.	RockGlobal is a New Zealand based and regulated CFD broker. They offer competitive spreads from 0.1 pips and a large range of trading assets, trading platforms and educational services, with up to 1:500 leverage. Operating in a Tier 1 regulated environment, RockGlobal offers peace of mind and excellent customer support.
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	Traders can access high-quality charting platforms with MetaTrader 4 (MT4) and Trader Workstation (TWS) There are some helpful learning resources and market analysis for beginners The broker offers a competitive STP/ECN model with fast execution and deep liquidity High leverage is available up to 1:500 Direct stock trading with low brokerage fees from $0.02 per US share
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 trading (PDT) restrictions will apply, though this is expected from a US brokerage	Payment methods are limited compared to other brokers, with only card payments and wire transfers available The $20 inactivity fee is higher than some alternatives
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Stocks, options	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Options, Futures
Demo Account
Yes	Yes
Minimum Deposit
$30,000	$200
Payment Methods
Cheque Wire Transfer	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
FINRA	FSP, FMA
Mobile Apps
Yes	iOS & Android
iOS App Rating
	4.3
Android App Rating
	4.6
Margin Trading
No	Yes
Margin Rate
8%
MetaTrader 4
No	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	Yes
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
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
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	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$20 NZD
Islamic Account
No	Yes
Account Currencies
	USD EUR AUD NZD JPY
Commodities
	Silver Gold Oil
CFD
	Rock Global offers low-price CFDs on forex, shares, indices and commodities. The broker charges zero-commission trading on commodities and indices, and zero-spread, commission-only trading on shares. Leverage varies by instrument with 1:200 available on indices and 1:10 on blue-chip stocks.
Leverage
	1:500
FTSE Spread
	0.015% per trade
GBPUSD Spread<
	1.0
Oil Spread
	0.05
Stocks Spread
	$0.02 per share
Forex
	Rock Global clients can access 50+ currency pairs via CFDs with leverage up to 1:500, world class liquidity and fast execution on the MT4 or TWS platforms. The tight spreads from 0.9 with no commission are a particularly attractive feature.
Assets
	50
GBPUSD Spread
	1.0
EURUSD Spread
	0.1
EURGBP Spread
	1.0
Cryptocurrency
	With just five crypto CFDs and trading only available 24/5 rather than the usual 24/7, Rock Global is not the best for dedicated crypto traders. However, there are some attractive spreads on offer from 0.62 for Litecoin and 1.24 for Ethereum.
Spread
	Variable
Coins
	BTC BCH LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Cobra Trading	Rockfort Markets
Review	Review
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