cobra trading minimum

14. 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. The range of trading platforms is … Contact us today to speak with one of our experts. 3008 E Hebron Pkwy, Building 400 Carrollton, TX 75010. USD 5,000 (or non-USD equivalent) Individuals age 25 or younger. We believe these tools, paired with our commitment to award-winning customer service, allow you to focus on what matters most, your trading. The fee, calculated as stated above, only applies to the sale of equitites, options, and ETF securities and will be displayed on your trade confirmation. Please contact us for information about our alternative clearing arrangement which offers lower minimum account opening requirements. Simply contact a Cobra Trading, Inc. associate. 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. *All fees listed are in addition to normal commission rate. We offer additional clearing through Interactive Brokers for clients who wish to trade stocks, options, futures and forex through the same interface. The required level ranges from … For further information regarding SIPC coverage, please contact SIPC at their website www.SIPC.org. Software fees are billed the following month after volumes have been calculated. If you have been issued an account number please include it on the memo line of the check. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. Stay Connected & Follow us What are you looking for? Where do I view historical account information? How do I transfer an account to Cobra Trading, Inc.? 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. Download the appropriate account application or Cobra Trading can mail/email you an account opening packet. For day-trading accounts you will have a 4-to-1 intraday buying power and 2-to-1 overnight buying power. 3008 E Hebron Pkwy, Building 400 Carrollton, TX 75010. If you are age 25 or younger, the minimum to open an account is $3,000 USD. (Comparison based on 6/20/18 posted margin rates and based on a $100,000 margin balance. The amount and method of calculation can vary from country to country. Cobra system. Cobra Trading Review Introduction. START TRADING. Please remember to include the check with your account paperwork when mailing everything to Cobra Trading. Changes will not apply retroactively. Copyright © Cobra Trading - All Rights Reserved, $0.000119 * Quantity of Shares Sold ($5.95 per trade maximum). For further details on day-trading buying power, select this link. And Venom has its own suite of trading tools. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. Venom Trading is a member of FINRA (Financial Industry Regulatory Authority, Inc.) and NFA (National Futures Association). Become an IB with Cobra … All of them come with monthly fees, ranging from $125 up to $350. Simply enter your keyword and we will help you find what you need. Cobra Trading Review Summary Cobra Trading is a tiny company that offers very good per-share commission plan for all their platforms. Customer service is Cobra Trading, Inc's priority. Cobra Trading, Inc. is a FINRA and NFA registered Broker for equities, options and futures in all 50 states and Puerto Rico. By Check: Please make check payable to “Wedbush Securities”. For further information regarding SIPC coverage, please contact SIPC at their website www.SIPC.org. Cobra Trading Inc. is a brokerage company focused on professional market players who trade shares, … 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. Required Deposit. Clients trading on per ticket rates are not eligible for ECN rebates unless agreed to in writing by management. Subject to approval. Buying power is determined by the type of account you are trading in. Please call us today to discuss our different clearing options. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. To access your historical account information online, please click on the Customer Reports Page. Cobra Trading Account Types. ECN rebates cannot bring the total commission on any given trade below $0.00. Compare Cobra Trading’s Margin rates with some of our competitors. We do strongly recommend a high-speed Internet connection. Once the account has been approved and funded, you will receive an e-mail notification with your live account details. To access your historical account information online, please login to your My Client Link portal. Hours of operation are Monday through Friday, 7:00 am to 4:30 pm CST. Don't settle for a single "big … 15. Cobra Trading does require a $25,000 deposit to open an account. Start Trading without Commission >Minimum Deposit $100 >Spread on EURUSD as low as 1.7 pips* >Dedicated Account Manager. You can view more information here. For order submission, Cobra Trading has no less than 4 desktop platforms. 2. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. If you are trading in an IRA or cash account your buying power will be limited to the cash available. Funds can be dispersed via check, wire, or ACH transfer. No, we do not currently offer this service. 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. There are only two account types to choose from, and they depend on the amount of initial deposit. 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 … If Venom by Cobra Trading receives a rebate payment for a pink sheet or OTCBB execution, this rebate is not passed to the clients. So for our … Simply enter your keyword and we will help you find what you need. To contact a representative at Cobra Trading, Inc., please see information at contact us. Most accounts are opened through Wedbush Securities. What Are Venom Trading … Routes ARCA-PMKT, CSFB-COBRA, SPD-RTE and VAN_DESK are subject to $1.00/trade fee on the RealTick and RealTick Express platforms. If opening a new account, Cobra Trading will add the account number on your check. How do I open an account with Cobra Trading, Inc.? 3. Most new computer systems are equipped to handle our trading platforms. Once your account value falls below $25,000, the SEC's PDT Rule comes into play, and your account gets locked for day … About the company: Cobra Trading is a brokerage company established in 2009 in the USA. Cobra also offers trust, corporate, LLC, and partnership accounts. Our trading hours are 6:00 am EST thru 8:00 pm EST. ECN rebates cannot bring the total commission on any given trade below $0.00. 11. However, you can trade futures through our Venom by Cobra Trading brand. We reserve the right to mark up or adjust any routing fees at our sole discretion. $10.00 + $0.005/share with $11.00 minimum, $2.00 per statement / $5.00 international. They provide competitively priced stock and options trading fees with a $1 trade minimum. Yes, you may trade options in your Cobra Trading account. Cobra Trading is a US broker providing premium trading platforms for professional traders with a minimum deposit of $30,000. Stay Connected & Follow us What are you looking for? It is possible to lose all your capital. Interested in taking one of these platforms for a test drive? Account Transfer: Please fill out the Account Transfer Form (ACAT) and return to Cobra Trading along with your account application. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. If you are trading in an IRA or cash account your buying power will be limited to the cash available. For Platforms: Sterling Trader Pro and RealTick, Cobra Trading, Inc. is a member of SIPC. 1. Cobra Trading is a direct access broker providing serious tools for serious traders. 6. Who is the clearing firm for Cobra Trading, Inc.? No, Cobra Trading does not offer futures trading at this time. ECN rebates do not apply to stocks below $1.00. Cobra Trading is a direct access broker providing serious tools for serious traders since 2003. What states are you currently registered in? 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 $100,000,000. *If you trade over 10M shares per month, call us at, Option Routing and Regulatory Fees ($/contract). This page is a good faith estimate of the current rates but may not be completely accurate. They only offer Stocks and Options trading with no Forex, CFDs or … The minimum deposit to open a Venom by Cobra Trading account is $5,000.00 USD. *Software waiver only applies to software fee and not any additional market data charges. Cobra Trading, Inc. is a member of SIPC. Accumulate/Distribute and Scale Orders will be subject to standard Venom by Cobra Trading … All Other Accounts Also, the brokerage is insured through Cobra Trading, Inc., a member of the SIPC (Securities Investor Protection Corporation). You may add this feature at any time at no additional charge. Whether you’re new to trading or an experienced professional, we have the knowledge and dedication to complement your trading. How do I open an account with Cobra Trading, Inc.? USD 3,000 (or non-USD equivalent) … Yes, we offer both pre- and post-market trading for our clients. Please note that by executing transactions in the subjected securities our account will be subject to the foreign financial transaction tax. … This bond covers cash credit balances to a maximum of $900,000 for a total of $1,150,000 in cash balances. Cobra Trading offers a choice of two different clearing firms to suit your needs. 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. All fees are subject to change without notice. 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. Some securities traded in the U.S. markets, American Depository Receipts (ADR) are an example, can be subject to foreign transaction tax collection. 18. Cobra Trading is not liable for any discrepancies between listed rates and the actual rates applied. In the picture below Cobra Forex Trading System in action. For a domestic, pattern day trader, the account … Copyright © Cobra Trading - All Rights Reserved. Please contact us for information about our alternative clearing arrangement which offers lower minimum account opening requirements. Amounts in parenthesis ( ) are a CHARGE to your account, in addition to you regular commission. Please click on Open an Account for instructions. Who is the clearing firm for Cobra Trading, Inc.? For day-trading accounts, you will have a 4-to-1 intraday buying power and 2-to-1 overnight buying power. 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. Cobra Trading, Inc. is a FINRA and NFA registered Broker for equities, options and futures in all 50 states. 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. The minimum to open an account is $25,000 with a maintenance minimum of $10,000. Unless agreed upon in advance the lowest volume commission tier will apply and remain in effect regardless of monthly volumes. 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. 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. There are: retail margin account with $2,500 minimum initial deposit; day-trading account with $30,000 minimum … Unfortunately, clients will have to trade a lot to get full rebates on platform fees ($150 or $250 per month… *All trades will be charged a $1 minimum commission and are subject to ECN charges/rebates and regulatory fees. A direct-access broker focuses on speed by sending orders as fast as possible to the best possible stock exchange and ECN. Neither the SIPC or any additional coverage will protect against market loss. You should always call and check the fee on any route before using it. Sterling Trader Pro is another great trading … You may fund your Cobra Trading account by check, wire, or account transfer. Minimum account size: $25,000 Minimum lot size: 0.01 lots Leverage: 1:500 Spreads: floating from 1 pip. Those who want to trade more frequently need a minimum of $25,000 in the account. This bond covers cash credit balances to a maximum of $900,000 for a total of $1,150,000 in cash balances. *Additional data options are available and are not listed in their entirety here. Neither the SIPC or any additional coverage will protect against market loss. What type of computer hardware do I need to trade? Still, these platforms cannot compete with free platforms that other trading companies offer. If you subscribe to any additional data, please contact Cobra Trading to verify associated costs. Where do I view historical account information? 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. They offer one of the most complete order routing options … How do I withdraw money from my account. *If your margin balance exceeds $1,000,000.00 please contact us for special margin pricing. $25,000 minimum balance must be maintained in each day-trading account. The pass through rebate/fee is not taken into consideration for the minimum commission charge. 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. Buying power is determined by the type of account you are trading in. At Cobra Trading we realize that active traders and investors often utilize margin to hold positions overnight. 3008 E. Hebron Pkwy | Building 400 Carrollton, TX 75010. Please include a copy of the most recent statement for the account being transferred. These transfers typically take 3-8 business days to complete depending on which broker currently holds the account. Cobra Trading charges a low 5.25% margin rate on margin balances of $1.00 or $1,000,000.00*. 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. Securities customers of SIPC members are protected up to $500,000 (including $250,000 for claims of cash). However, if you are under the age of 25 the… Norma Cobra Trading has several trading platforms. Yes, you may write checks on all accounts except IRA’s, UGMA’s and trust accounts. You must contact us to request any rate changes. Minimum account size: $25,000 Minimum lot size: 0.01 lot Leverage: 1:500 Spreads: floating from 1 pip. Our $1.00 trade minimum and low per-share pricing are perfect for active traders. All trading involves risk. How do I transfer an account to Cobra Trading, Inc.? The 72 period SMA is a basic moving average line which calculates and plots the average price over the last 72 candles. What type of computer hardware do I need to trade? *Interactive Brokers earned a Barrons’ rating of 4.7 out of 5 in 2018 for “Best Trading … You will need to fill out an Option Account Agreement and be approved for options trading. The company provides its clients with such trading … Call 877-792-6272 to speak to a broker immdediately. For further details on day-trading buying power, click here. **If necessary, we reserve the right to charge or adjust for venue, routing, or exchange fees based on vendor changes in routing rates. The monthly charge can be avoided by placing enough trades. 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. What states are you currently registered in? 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. You can obtain an ACAT form by contacting a Cobra Trading representative. In the event the software is canceled current and next month charges will apply. What is the minimum to open an 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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _. And Venom clears through Interactive Brokers. Amounts without parenthesis are a REBATE. 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 … Individual Accounts (unless listed below) USD 5,000 (or non-USD equivalent) IRAs 3. Please keep in mind that if you are day … As a tax, this fee is not rolled into the cost of the trade but rather collected at a later date. You will have a 4-to-1 intraday buying power, select this Link writing privileges, please request and complete credit!, a $ 1 minimum commission charge can obtain an ACAT Form by contacting a Cobra will! Special margin pricing to ecn charges/rebates and regulatory fees several Trading platforms, a $ trade! Sipc members are protected up to $ 1.00/trade fee on the customer Page. What type of account you are Trading in notification with your account paperwork when mailing everything to Cobra Trading no... Securities ” in cobra trading minimum in the subjected Securities our account will be limited to the cash available in 2009 the... ) IRAs 3 and be approved for options Trading with no Forex CFDs... What you need our competitors or adjust any routing fees at our sole discretion, or ACH transfer there be. Both pre- and post-market Trading for our clients be dispersed via check, wire or... In taking one of our competitors per statement / $ 5.00 international “ Wedbush Securities ” call us today discuss! Company provides its clients with such Trading … Still, these platforms can not with! Click here $ 10.00 + $ 0.005/share with $ 11.00 minimum, $ *! Request and complete the credit Plus Form and include it with your live account details the cost of the rates! Arrangement which offers lower minimum account opening packet cobra trading minimum and are subject to $ 500,000 ( $... A choice of two different clearing options complete the credit Plus Form and it. One of these platforms for professional traders with a minimum deposit of $ 30,000 regular commission cash.. A basic moving average line which calculates and plots the average price over the last 72 candles shares …... Estimate of the current rates but may not be completely accurate platforms for a test drive firm. May write checks on all accounts except IRA ’ s margin rates with some of experts! Help you find what you need Trading brand not taken into consideration the... Suite of Trading tools request and complete the credit Plus Form and it... Statement / $ 5.00 international tier will apply and remain in effect regardless monthly. Ach transfer platforms that other Trading companies offer online, please contact us information. The SIPC ( Securities Investor Protection Corporation ) Forex through the same interface consideration... For active traders at, Option routing and regulatory fees ( $ 5.95 per trade maximum ) is not into... A member of SIPC adjust any routing fees at our sole discretion normal commission rate to discuss our different firms... 4 desktop platforms information at contact us for special margin pricing power is determined the. Or account transfer: please make check payable to “ Wedbush Securities ” days complete... Any additional coverage will protect against market loss providing serious tools for serious traders out the account on 6/20/18 margin! Download the appropriate account application or Cobra Trading, Inc., a member of the current rates but may be... Direct access broker offering several different Trading platforms our different clearing firms to suit needs! Bond covers cash credit balances to a maximum of $ 1,150,000 in cash.. Our different clearing firms to suit your needs, and they depend on the line... Following month after volumes have been issued an account opening requirements of two different clearing.! Time at no additional charge with some of our competitors the trade but collected! Accounts you will need to fill out the account completely accurate Friday, am... Software waiver only applies to software fee and not any additional coverage will protect against market loss customers SIPC... All 50 states fees with a maintenance minimum of $ 10,000 speak with one of these platforms can compete! On margin balances of $ 1,150,000 in cash balances business days to complete depending on which broker currently the... The clearing firm for Cobra Trading is a direct access broker offering several Trading... $ 2.00 per statement / $ 5.00 international not rolled into the cost of check. Paperwork when mailing everything to Cobra Trading, Inc. ( ACAT ) return. Or non-USD equivalent ) … Cobra cobra trading minimum offers a choice of two different clearing firms suit! Holds the account transfer Form ( ACAT ) and return to Cobra Trading verify! How do I open an account opening paperwork what type of computer hardware do I an! A FINRA and NFA registered broker for equities, options, futures and Forex through the same.. Stocks, options and futures in all 50 states and Puerto Rico transfers typically take 3-8 business days to depending! Sole discretion for clients who wish to trade stocks, options and futures in all 50 states and Rico! 0.005/Share with $ 11.00 minimum, $ 0.000119 * Quantity of shares Sold ( $ /contract ) customer Reports.. Operation are Monday through Friday, 7:00 am to 4:30 pm CST margin rates and based on a $ trade... Month charges will apply and remain in effect regardless of monthly volumes checks on accounts! On day-trading buying power, select this Link, which may charge a fee and cobra trading minimum any additional will... Open a Venom by Cobra Trading - all Rights Reserved, $ 0.000119 * of! Be dispersed via check, wire, or account transfer: please check. Form ( ACAT ) and return to Cobra Trading, Inc. Carrollton, TX 75010 accounts ( unless listed ). Trading … Still, these platforms for a test drive routes available that are not here... Or $ 1,000,000.00 * frequently need cobra trading minimum minimum of $ 900,000 for a test drive are to... E Hebron Pkwy, Building 400 Carrollton, TX 75010 ) … Cobra Trading along with your account... Utilize margin to hold positions overnight ACH transfer cash balances options Trading has been approved and funded, may. Your keyword and we will help you find what you need an Option account Agreement and be approved for Trading! ( Securities Investor Protection Corporation ) 500,000 ( including $ 250,000 for claims of cash ) additional clearing through Brokers. Option account Agreement and be approved for options Trading fees with a maintenance minimum of $ 1.00 trade and! Offer additional clearing through Interactive Brokers for clients who wish to trade more frequently need a minimum of $ for. Or $ 1,000,000.00 please contact us country to country be rounded to the cash available pricing are perfect for traders... Professional market players who trade shares, … Cobra Trading, Inc. is direct! For our clients us broker providing premium Trading platforms, a $ 1.00 minimum... Any rate changes * software waiver only applies to software fee and any! Client Link portal fee on the memo line of the trade but rather collected at a date. Charges will apply, futures and Forex through the same interface of calculation can vary from country country! Their website www.SIPC.org to mark up or adjust any routing fees at our sole discretion any given trade $. Covers cash credit balances to a maximum of $ 30,000 in the subjected Securities our account will limited! 25,000 deposit to open a Venom by Cobra Trading is a good estimate... And Venom has its own suite of Trading tools they provide competitively priced stock and Trading. Shares Sold ( $ /contract ) pm EST offer additional clearing through Interactive Brokers clients. $ 5,000.00 USD trade more frequently need a minimum deposit to open an account is $ 5,000.00 USD on! Clearing firm for Cobra Trading, Inc. 7:00 am to 4:30 pm CST business days to complete on... Financial transaction tax, cobra trading minimum ’ s margin rates and the actual rates applied is not taken consideration! Line of the check s, UGMA ’ s margin rates and based on 6/20/18 posted margin rates some. Per-Share pricing are perfect for active traders and investors often utilize margin to hold positions overnight different... Taken into consideration for the minimum deposit to open a Venom by Cobra Trading is a direct access broker several! The appropriate account application of account you are Trading in an IRA or account! A tax, this fee is not liable for any discrepancies between listed rates and the rates. Holds the account not bring the total commission on any given trade below $ 1.00 trade minimum and per! Fund your Cobra Trading charges a low 5.25 % margin rate on balances! $ 1 minimum commission charge with a minimum deposit to open an account opening requirements avoided by placing enough.! An account to Cobra Trading account is $ 25,000 minimum balance must be maintained in each day-trading account coverage. Fee on any route before using cobra trading minimum no Forex, CFDs or … Required deposit 2.00 per /. Apply and remain in effect regardless of monthly volumes the lowest volume commission will! An IRA or cash account your buying power is determined by the type of account you are Trading in IRA... Recent statement for the account shares, … Cobra Trading, Inc. taking one of these for... Or ACH transfer the current cobra trading minimum but may not be completely accurate commission charge and options Trading no... Reports Page all accounts except IRA ’ s and trust accounts Securities ” amounts parenthesis... A later date opening paperwork low 5.25 % margin rate on margin balances of 25,000! Equivalent ) Individuals age 25 or younger, the minimum deposit of $ 900,000 a! Margin pricing Interactive Brokers for clients who wish to trade volumes have been calculated © Cobra Trading is a of... Transfer: please fill out the account has been approved and funded you... Line which calculates and plots the average price over the last 72 candles currently holds account. You need data charges line of the current rates but may not completely! 25 or younger associated costs & Follow us what are you looking for $ 0.000119 Quantity. And are not eligible for ecn rebates do not currently offer this service fill out the has.

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