2024 Cobra Trading Review • Platform, Fees, Pros, Cons + More

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.

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

Membership in FINRA and SIPC provides basic insurance against broker failure.
SIPC coverage is up to $500,000 with a $250,000 cash limit.
Excess SIPC coverage is through Wedbush Securities and extends protection up to $25 million per client for cash and securities (subject to total limits).
Note: Protects against broker failure, not market losses.

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.

Fill in your details.
Confirm if you meet the minimum deposit requirements.
Choose your tax status and entity type.
Select trading preference.
Optionally, you can transfer funds from another broker.
Enter any promotional code if available.
Agree to the terms and conditions.
Start 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.

Direct access order routing
Advanced order types
Multi-account management
Real-time advantage
Advanced charting
Multi-monitor support
Hotkey customization
Real-time market scanner
Integrated market news

Sterling trader pro

Sterling Trader Pro is ideal for active traders who demand a feature-rich, customizable platform for executing their strategies with precision.

Power and precision for serious traders
State-of-the-art tools
Powerful performance
Extensive customization
Basket trading
Real-time level 2 market data
Portfolio management

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.

Real-time level 2 market data
Advanced charting
Hot keys
Portfolio management
Stop orders
Custom alerts
News & stock watchlists

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:

Trust
Roth (IRA)
Partnership
Miscellaneous
LLC
Joint (JTWROS)
Individual Retirement Account (IRA)
Corporate

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.

Standard accounts

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

For more detailed insights on forex, crypto, stocks, CFDs, broker review, and trading strategies, we invite you to visit our trusted forex broker. Explore a comprehensive range of financial instruments and opportunities to enhance your trading experience.

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?

6. Is cobra trading good for shorting?

Yes, Cobra Trading is a broker catering to experienced traders who actively engage in short-selling strategies.

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