We reserve the right to mark up or adjust any routing fees at our sole discretion. They offer one of the most complete order routing options … You may fund your Cobra Trading account by check, wire, or account transfer. Unless agreed upon in advance the lowest volume commission tier will apply and remain in effect regardless of monthly volumes. How do I open an account with Cobra Trading, Inc.? Please keep in mind that if you are day … We offer additional clearing through Interactive Brokers for clients who wish to trade stocks, options, futures and forex through the same interface. Securities customers of SIPC members are protected up to $500,000 (including $250,000 for claims of cash). This bond covers cash credit balances to a maximum of $900,000 for a total of $1,150,000 in cash balances. To access your historical account information online, please login to your My Client Link portal. You can view more information here. 18. *If your margin balance exceeds $1,000,000.00 please contact us for special margin pricing. How do I open an account with Cobra Trading, Inc.? If you are age 25 or younger, the minimum to open an account is $3,000 USD. The company provides its clients with such trading … To access your historical account information online, please click on the Customer Reports Page. However, if you are under the age of 25 the… Account Transfer: Please fill out the Account Transfer Form (ACAT) and return to Cobra Trading along with your account application. Some securities traded in the U.S. markets, American Depository Receipts (ADR) are an example, can be subject to foreign transaction tax collection. How do I transfer an account to Cobra Trading, Inc.? All stock- and options trades at Cobra Trading have a minimum of $1 per trade and are subject to regulatory fees, ECN charges and rebates. USD 5,000 (or non-USD equivalent) Individuals age 25 or younger. The monthly charge can be avoided by placing enough trades. How do I transfer an account to Cobra Trading, Inc.? You should always call and check the fee on any route before using it. Venom Trading is an online broker that is a subsidiary of Cobra Trading which was created for traders who couldn’t meet the $30,000 account minimum required at Cobra Trading. Buying power is determined by the type of account you are trading in. For further details on day-trading buying power, select this link. They only offer Stocks and Options trading with no Forex, CFDs or … For day-trading accounts, you will have a 4-to-1 intraday buying power and 2-to-1 overnight buying power. Individual Accounts (unless listed below) USD 5,000 (or non-USD equivalent) IRAs 3. Routes ARCA-PMKT, CSFB-COBRA, SPD-RTE and VAN_DESK are subject to $1.00/trade fee on the RealTick and RealTick Express platforms. You may add this feature at any time at no additional charge. 3008 E. Hebron Pkwy | Building 400 Carrollton, TX 75010, *If you trade over 10M shares per month, call us at 877-792-6272 to negotiate a customized commission rate. 3008 E Hebron Pkwy, Building 400 Carrollton, TX 75010. Cobra Trading Inc. is a brokerage company focused on professional market players who trade shares, … At Venom Trading you only need $5,000 to open an account and you’ll still have access to trade equities, options, forex and futures through their free trading platform, TWS trader, provided by Interactive Brokers. There are only two account types to choose from, and they depend on the amount of initial deposit. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. 3008 E. Hebron Pkwy | Building 400 Carrollton, TX 75010. By Check: Please make check payable to “Wedbush Securities”. How do I withdraw money from my account. *Additional data options are available and are not listed in their entirety here. Amounts in parenthesis ( ) are a CHARGE to your account, in addition to you regular commission. Call 877-792-6272 to speak to a broker immdediately. So for our … ECN rebates do not apply to stocks below $1.00. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. Please click on Open an Account for instructions. Cobra Trading charges a low 5.25% margin rate on margin balances of $1.00 or $1,000,000.00*. What states are you currently registered in? What states are you currently registered in? About the company: Cobra Trading is a brokerage company established in 2009 in the USA. Interested in taking one of these platforms for a test drive? 6. Who is the clearing firm for Cobra Trading, Inc.? 3008 E Hebron Pkwy, Building 400 Carrollton, TX 75010. Transferring an account from another firm requires an Account Transfer (ACAT) form and a copy of the most recent account statement for the account being transferred. *Software waiver only applies to software fee and not any additional market data charges. At Cobra Trading we realize that active traders and investors often utilize margin to hold positions overnight. Please contact us for information about our alternative clearing arrangement which offers lower minimum account opening requirements. 1. In this Cobra Trading review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading … Subject to approval. Cobra Trading is a direct access broker providing serious tools for serious traders since 2003. 2. All fees will be rounded to the next penny. There may be other routes available that are not listed here, which may charge a fee. Cobra Trading has several trading platforms. Cobra Trading, Inc. is a member of SIPC. Please remember to include the check with your account paperwork when mailing everything to Cobra Trading. Those who want to trade more frequently need a minimum of $25,000 in the account. In addition to the $500,000 protection provided by SIPC, clients clearing at Wedbush Securities have additional coverage purchased from Lloyd’s of London for up to $25,000,000 in cash and securities for each client, subject to an aggregate loss limit of $100,000,000. **If necessary, we reserve the right to charge or adjust for venue, routing, or exchange fees based on vendor changes in routing rates. Accumulate/Distribute and Scale Orders will be subject to standard Venom by Cobra Trading … Cobra Trading, Inc. is a FINRA and NFA registered Broker for equities, options and futures in all 50 states. Become an IB with Cobra … Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. Once your account value falls below $25,000, the SEC's PDT Rule comes into play, and your account gets locked for day … 3. However, you can trade futures through our Venom by Cobra Trading brand. *If you trade over 10M shares per month, call us at, Option Routing and Regulatory Fees ($/contract). There are: retail margin account with $2,500 minimum initial deposit; day-trading account with $30,000 minimum … Cobra Trading offers a regulated and established trading service, suitable for experienced and active traders who are able to pay the $30,000 minimum deposit. Neither the SIPC or any additional coverage will protect against market loss. For that reason we believe our low margin rates can help you as a trader keep your costs in line and allow you to keep more of your hard earned money. Most new computer systems are equipped to handle our trading platforms. Simply enter your keyword and we will help you find what you need. What type of computer hardware do I need to trade? Download the appropriate account application or Cobra Trading can mail/email you an account opening packet. Where do I view historical account information? Cobra also offers trust, corporate, LLC, and partnership accounts. To contact a representative at Cobra Trading, Inc., please see information at contact us. Stay Connected & Follow us What are you looking for? Cobra system. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. This page is a good faith estimate of the current rates but may not be completely accurate. This bond covers cash credit balances to a maximum of $900,000 for a total of $1,150,000 in cash balances. All of them come with monthly fees, ranging from $125 up to $350. Buying power is determined by the type of account you are trading in. Who is the clearing firm for Cobra Trading, Inc.? 14. Still, these platforms cannot compete with free platforms that other trading companies offer. You can obtain an ACAT form by contacting a Cobra Trading representative. Cobra Trading Account Types. Compare Cobra Trading’s Margin rates with some of our competitors. We do receive payment for order flow when routing certain equity and options orders with specific routes or market centers, more information available upon request. For further information regarding SIPC coverage, please contact SIPC at their website www.SIPC.org. For day-trading accounts you will have a 4-to-1 intraday buying power and 2-to-1 overnight buying power. They provide competitively priced stock and options trading fees with a $1 trade minimum. And Venom clears through Interactive Brokers. Please call us today to discuss our different clearing options. Our trading hours are 6:00 am EST thru 8:00 pm EST. For a domestic, pattern day trader, the account … Cobra Trading does require a $25,000 deposit to open an account. Cobra Trading, Inc. is a FINRA and NFA registered Broker for equities, options and futures in all 50 states and Puerto Rico. Minimum account size: $25,000 Minimum lot size: 0.01 lots Leverage: 1:500 Spreads: floating from 1 pip. Please include a copy of the most recent statement for the account being transferred. The minimum deposit to open a Venom by Cobra Trading account is $5,000.00 USD. For Platforms: Sterling Trader Pro and RealTick, Cobra Trading, Inc. is a member of SIPC. In the event the software is canceled current and next month charges will apply. 11. START TRADING. In a retail margin account your buying power for intraday (limit of 3 intraday trades in a rolling 5-day period) will be 4 times your available cash and overnight trades will be 2 times your available cash. Start Trading without Commission >Minimum Deposit $100 >Spread on EURUSD as low as 1.7 pips* >Dedicated Account Manager. *All trades will be charged a $1 minimum commission and are subject to ECN charges/rebates and regulatory fees. Changes will not apply retroactively. Cobra Trading offers a choice of two different clearing firms to suit your needs. Venom Trading is a member of FINRA (Financial Industry Regulatory Authority, Inc.) and NFA (National Futures Association). Whether you’re new to trading or an experienced professional, we have the knowledge and dedication to complement your trading. Required Deposit. We believe these tools, paired with our commitment to award-winning customer service, allow you to focus on what matters most, your trading. In addition to your regular commission, a separate transaction fee (equal to the principal amount x 0.00002180) will apply to the sale of all equitites, options, and exchange-traded fund (ETF) securities. *Interactive Brokers earned a Barrons’ rating of 4.7 out of 5 in 2018 for “Best Trading … All trading involves risk. Once the account has been approved and funded, you will receive an e-mail notification with your live account details. Cobra Trading is a US broker providing premium trading platforms for professional traders with a minimum deposit of $30,000. Amounts without parenthesis are a REBATE. Software fees are billed the following month after volumes have been calculated. And Venom has its own suite of trading tools. The required level ranges from … All fees are subject to change without notice. ECN rebates cannot bring the total commission on any given trade below $0.00. In the picture below Cobra Forex Trading System in action. It is possible to lose all your capital. Copyright © Cobra Trading - All Rights Reserved, $0.000119 * Quantity of Shares Sold ($5.95 per trade maximum). A direct-access broker focuses on speed by sending orders as fast as possible to the best possible stock exchange and ECN. Norma Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. Cobra Trading spreads may be slightly more expensive than conventional ECN accounts, as most FX currency pairs are quoted at a minimum of 1.8 pips as standard.Share and indices trading … For order submission, Cobra Trading has no less than 4 desktop platforms. In a retail margin account, your buying power for intraday (limit of 3 intraday trades in a rolling 5-day period) will be 4 times your available cash and overnight trades will be 2 times your available cash. Please note that by executing transactions in the subjected securities our account will be subject to the foreign financial transaction tax. You must contact us to request any rate changes. Yes, you may write checks on all accounts except IRA’s, UGMA’s and trust accounts. What Are Venom Trading … Unfortunately, clients will have to trade a lot to get full rebates on platform fees ($150 or $250 per month… Our $1.00 trade minimum and low per-share pricing are perfect for active traders. Stay Connected & Follow us What are you looking for? As a tax, this fee is not rolled into the cost of the trade but rather collected at a later date. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. What is the minimum to open an account? For further details on day-trading buying power, click here. Cobra Trading is not liable for any discrepancies between listed rates and the actual rates applied. We do strongly recommend a high-speed Internet connection. The range of trading platforms is … Don't settle for a single "big … All Other Accounts Securities customers of SIPC members are protected up to $500,000 (including $250,000 for claims of cash).In addition to the $500,000 protection provided by SIPC, clients clearing at Wedbush Securities have additional coverage purchased from Lloyd’s of London for up to $25,000,000 in cash and securities for each client, subject to an aggregate loss limit of $100,000,000. If you are trading in an IRA or cash account your buying power will be limited to the cash available. Simply enter your keyword and we will help you find what you need. (Comparison based on 6/20/18 posted margin rates and based on a $100,000 margin balance. The minimum to open an account is $25,000 with a maintenance minimum of $10,000. ECN rebates cannot bring the total commission on any given trade below $0.00. Where do I view historical account information? The amount and method of calculation can vary from country to country. *All fees listed are in addition to normal commission rate. Also, the brokerage is insured through Cobra Trading, Inc., a member of the SIPC (Securities Investor Protection Corporation). The transaction fee is a fee collected by the United State Securities and Exchange Commission to recover the costs to the Government for the supervision and regulation of the securities markets and securities professionals. Copyright © Cobra Trading - All Rights Reserved. These transfers typically take 3-8 business days to complete depending on which broker currently holds the account. 15. Cobra Trading Review Introduction. For further information regarding SIPC coverage, please contact SIPC at their website www.SIPC.org. No, we do not currently offer this service. If you subscribe to any additional data, please contact Cobra Trading to verify associated costs. … Please contact us for information about our alternative clearing arrangement which offers lower minimum account opening requirements. If Venom by Cobra Trading receives a rebate payment for a pink sheet or OTCBB execution, this rebate is not passed to the clients. Most accounts are opened through Wedbush Securities. Yes, we offer both pre- and post-market trading for our clients. USD 3,000 (or non-USD equivalent) … Contact us today to speak with one of our experts. The 72 period SMA is a basic moving average line which calculates and plots the average price over the last 72 candles. Basic Non-pro Data Package includes Basic US Indices, Nasdaq Level 1 and 2 data, NYSE Level 1 and 2 data, Pink Sheet Level 1 Data. For check writing privileges, please request and complete the Credit Plus Form and include it with your account opening paperwork. $25,000 minimum balance must be maintained in each day-trading account. Cobra Trading is a direct access broker providing serious tools for serious traders. If you have been issued an account number please include it on the memo line of the check. Customer service is Cobra Trading, Inc's priority. Yes, you may trade options in your Cobra Trading account. By Wire: Please provide your bank with the following wiring instructions: For All Platforms: DAS Trader Pro, Sterling Trader Pro, Cobra Trader Pro and Real Tick, Bank Address: 80 S 8th St. #224, Minneapolis, MN 55402, Beneficiary: Wedbush Securities Inc/SunGard, Further Credit to the Account of_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _. , which may charge a fee IRAs 3 providing serious tools for serious traders transfer Form ( ACAT and. 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