Cobra Trading Inc. is the one-stop shop for active traders and offers exceptional service advanced trading platforms and expert support to help you maximize your trading potential!
Cobra trading review
Established in 2003 Cobra Trading is a US-based brokerage specializing in equities and options contracts that empowers competitive day traders to seize every opportunity. It is regulated by the NFA and SIPC and is a member of FINRA. Check the legitimacy of Cobra Trading.
Their sophisticated trading tools, coupled with unparalleled 24/5 support, allow you to trade faster and more efficiently. It trusts a highly responsive support team is the secret weapon for aggressive trading strategies.
Since 2004, it has perfected its platform and provided unrivaled high-touch service. Are you ready to experience the Cobra Trading? Open your account today!
Cobra trading customer protection
To open an account with Cobra Trading
Complete these steps and you’re all applied though this is expected to open your account with Cobra Trading.
Cobra stock trading
A direct market access broker specializing in stocks and options trades. They offer various trading platforms and account types, allowing you to control your order execution through these systems.
Venom by Cobra Trading: Provides a wider range of instruments, including stocks, bonds, ETFs, options, futures trading, and forex trading.
Cobra trading platform
Cobra trading platforms offer comprehensive charting to suit your trading needs. Choose from advanced options are:
DAS trader pro
DAS Trader Pro offers comprehensive charting packages and it is ideal for experienced traders and active professionals who require a sophisticated trading platform with direct access and advanced functionalities.
Sterling trader pro
Sterling Trader Pro is ideal for active traders who demand a feature-rich, customizable platform for executing their strategies with precision.
Cobra trader pro
It is a cost-conscious option with features including real-time market data, advanced charting, and hotkeys for efficient trading. If you’re an individual investor or an active trader looking for a cost-effective solution, Cobra Trader Pro could be a great fit.
Does Cobra offer day trading?
Cobra Trading Broker is dedicated to empowering day traders. It is suitable for experienced day traders with enough capital. Retail trade is favorable, 1:4 for day trade and 1:2 for night trade.
Cobra day trading accounts.
Cobra trading demo account
Hone your active trading skills risk-free! Cobra’s free demo account grants access to their platform, 24/7 support, and learning resources. Practice with real-time data for two weeks. See if Cobra fits you – request your demo now!
Cobra trading hours
Cobra trading is not bound by regular market hours. Their platform allows you to trade 24/7, giving you an advantage over most brokers. However, they do not specify trading hours by country and emphasize making informed decisions during extended hours.
Account types of cobra trading
Cobra trading offers a wide range of account types and they are:
Joint (JTWROS)
Ideal for married couples or any two people are can own an account together with equal rights. Upon the death or legal incapacitation of one owner, the remaining owner(s) automatically inherit the entire balance.
Individual Retirement Account (IRA)
Traditional IRA
Account types including traditional allow tax-deductible contributions (reducing your taxable income for the year) up to $6,500 per year ($7,500 if 50 or older).
Earnings grow tax-deferred until withdrawal in retirement, at which point they may be taxed as income. Income limitations may apply.
Roth IRA
Contributions are made with after-tax dollars (they don’t reduce your taxable income now), but qualified withdrawals in retirement are tax-free if you’re 59 ½ years old or older and meet certain holding period requirements.
The maximum annual contribution limit is $5,500 ($6,500 if 50 or older). Income restrictions may also apply.
Corporate
An account held in the company’s name, allowing designated company representatives to manage and trade on the company’s behalf.
LLC (Limited Liability Company)
Similar to a corporate account, but managed by members of the LLC who appoint individuals to act on the company’s behalf. Offer certain liability protections to its owners.
Trust
An account is established to hold investments for the benefit of a designated beneficiary or beneficiaries. A trustee manages the investments according to the terms of the trust document.
Partnership
An account owned by two or more individuals who come together to operate a business. A partnership agreement outlines how profits and debts are shared, and partners can have varying degrees of responsibility depending on the agreement.
Miscellaneous
This category might include other less common account ownership types not covered in the listed options.
Cobra trading minimum deposits
Cobra trading minimum deposits depend on the account type.
Pattern day trader (PDT) accounts
United States residents
Cobra trading international
If you don’t meet the minimums, consider Venom by Cobra Trading with a minimum deposit of $5,000.
Cobra trading commissions
Cobra Trading offers competitive commissions and fees for stock and option trades, with options to potentially reduce costs based on trade volume.
| Feature | Cobra trading fees | Details |
|---|---|---|
| Equity commissions | Tiered ($0.0015 – $0.003 per share) | Based on monthly trading volume. Contact for custom rates. |
| Option commissions | Tiered ($0.30 – $0.50 per contract) | Based on monthly trading volume. Contact for custom rates. |
| Option exchange fees | $0.05 to $0.55 per contract for equity and option routing and regulatory fees | Additional fees may apply for specific exchanges or routes. |
| Software fees | $100 to $150 per month | Including monthly software fees varies depending on the platform.Waived for high-volume traders exceeding 200,000 shares per month. |
| Market data | Starts at $18/month (Basic) | Packages with varying data feeds are available. |
| Routing fees | Varies | Rebates for adding liquidity, charges for removing. |
| Account inactivity fee | $15/quarter | Applies to inactive accounts. |
| ACAT transfer (outgoing) | $95 | Fee for transferring assets out. |
| Annual IRA fee | $35 | Annual fee for IRA accounts. |
| Cobra trading locates fees | 1 and 5 cents per share | cobra might offer options to reduce or eliminate these fees in certain situations. |
| Margin rate | 8% | Interest charged on borrowed funds. |
Cobra Trading reviews for customized rates or further details, traders can contact Cobra Trading directly at 877-792-6272.
Customer support
Cobra Trading offers several ways to reach their customer support team.
Conclusion
Cobra Trading offers a feature to experienced and active traders, particularly those interested in short selling. Their direct market access, multiple platforms, and focus on short selling might be attractive for this specific user group.
However, the high minimum deposit requirement and focus on a particular trading style make it less suitable for beginners or those with limited capital.
Trading Insights
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Frequently Asked Questions
1. Who owns cobra trading?
Chadd Hessing owns Cobra Trading.
2. Is cobra trading regulated?
Yes, cobra trading is regulated by the National Futures Association.
3. What is the margin rate for cobra trading?
The margin rate for cobra trading is 5.25%.
4. What is the minimum deposit of cobra trading?
The minimum deposit for cobra trading is $27000.
5. How is Cobra pricing calculated?
- Equity commissions – ($0.0015 – $0.003 per share)
- Option commissions – ($0.30 – $0.50 per contract)
6. Is cobra trading good for shorting?
Yes, Cobra Trading is a broker catering to experienced traders who actively engage in short-selling strategies.
