Step 1: Consider the factors affecting stability of complexes.
The stability of a complex depends on the charge and size of the central metal ion, as well as its ability to accept electron pairs from the ligand. Metal ions with a high charge-to-radius ratio tend to form more stable complexes, while those with a low charge-to-radius ratio form less stable complexes.
Step 2: Compare the charge-to-radius ratios.
- \( \text{Co}^{2+} \) has a +2 charge and a relatively small radius, so it can form relatively stable complexes.
- \( \text{Fe}^{2+} \) also has a +2 charge but a larger radius than \( \text{Co}^{2+} \), so it forms less stable complexes compared to \( \text{Co}^{2+} \).
- \( \text{Cu}^{2+} \) has a +2 charge and a relatively small radius, so it forms stable complexes as well.
- \( \text{Cd}^{2+} \) has a +2 charge but a much larger radius compared to the other cations, making its complexes less stable.
Step 3: Final conclusion.
Thus, the least stable complex is formed by:
\[
\boxed{(3)\ \text{Cd}^{2+}}
\]