For further information regarding SIPC coverage, please contact SIPC at their website www.SIPC.org. Simply enter your keyword and we will help you find what you need. By Check: Please make check payable to “Wedbush Securities”. *Interactive Brokers earned a Barrons’ rating of 4.7 out of 5 in 2018 for “Best Trading … Minimum account size: $25,000 Minimum lot size: 0.01 lots Leverage: 1:500 Spreads: floating from 1 pip. Most accounts are opened through Wedbush Securities. ECN rebates cannot bring the total commission on any given trade below $0.00. The monthly charge can be avoided by placing enough trades. Cobra Trading Inc. is a brokerage company focused on professional market players who trade shares, … For day-trading accounts, you will have a 4-to-1 intraday buying power and 2-to-1 overnight buying power. Required Deposit. For check writing privileges, please request and complete the Credit Plus Form and include it with your account opening paperwork. They offer one of the most complete order routing options … 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. No, Cobra Trading does not offer futures trading at this time. 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. 3. … Become an IB with Cobra … Still, these platforms cannot compete with free platforms that other trading companies offer. To contact a representative at Cobra Trading, Inc., please see information at contact us. Cobra Trading is a direct access broker providing serious tools for serious traders. Clients trading on per ticket rates are not eligible for ECN rebates unless agreed to in writing by management. Simply enter your keyword and we will help you find what you need. Download the appropriate account application or Cobra Trading can mail/email you an account opening packet. Cobra Trading is a direct access broker providing serious tools for serious traders since 2003. Yes, we offer both pre- and post-market trading for our clients. Who is the clearing firm for Cobra Trading, Inc.? What type of computer hardware do I need to trade? 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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _. Software fees are billed the following month after volumes have been calculated. 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. Cobra also offers trust, corporate, LLC, and partnership accounts. Funds can be dispersed via check, wire, or ACH transfer. Once the account has been approved and funded, you will receive an e-mail notification with your live account details. Securities customers of SIPC members are protected up to $500,000 (including $250,000 for claims of cash). For order submission, Cobra Trading has no less than 4 desktop platforms. Amounts without parenthesis are a REBATE. How do I transfer an account to Cobra Trading, Inc.? 3008 E Hebron Pkwy, Building 400 Carrollton, TX 75010. The company provides its clients with such trading … For further details on day-trading buying power, select this link. No, we do not currently offer this service. 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. If you are age 25 or younger, the minimum to open an account is $3,000 USD. Buying power is determined by the type of account you are trading in. They provide competitively priced stock and options trading fees with a $1 trade minimum. This bond covers cash credit balances to a maximum of $900,000 for a total of $1,150,000 in cash balances. Cobra system. Please contact us for information about our alternative clearing arrangement which offers lower minimum account opening requirements. All of them come with monthly fees, ranging from $125 up to $350. Interested in taking one of these platforms for a test drive? The amount and method of calculation can vary from country to country. Most new computer systems are equipped to handle our trading platforms. Customer service is Cobra Trading, Inc's priority. Buying power is determined by the type of account you are trading in. All Other Accounts (Comparison based on 6/20/18 posted margin rates and based on a $100,000 margin balance. Cobra Trading, Inc. is a FINRA and NFA registered Broker for equities, options and futures in all 50 states. In the event the software is canceled current and next month charges will apply. 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. Cobra Trading does require a $25,000 deposit to open an account. At Cobra Trading we realize that active traders and investors often utilize margin to hold positions overnight. 6. Who is the clearing firm for Cobra Trading, Inc.? There are only two account types to choose from, and they depend on the amount of initial deposit. Compare Cobra Trading’s Margin rates with some of our competitors. The required level ranges from … Cobra Trading is a US broker providing premium trading platforms for professional traders with a minimum deposit of $30,000. What Are Venom Trading … USD 3,000 (or non-USD equivalent) … Where do I view historical account information? For further details on day-trading buying power, click here. In the picture below Cobra Forex Trading System in action. Please call us today to discuss our different clearing options. Once your account value falls below $25,000, the SEC's PDT Rule comes into play, and your account gets locked for day … Hours of operation are Monday through Friday, 7:00 am to 4:30 pm CST. Stay Connected & Follow us What are you looking for? All fees are subject to change without notice. 3008 E Hebron Pkwy, Building 400 Carrollton, TX 75010. The minimum deposit to open a Venom by Cobra Trading account is $5,000.00 USD. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. Contact us today to speak with one of our experts. If Venom by Cobra Trading receives a rebate payment for a pink sheet or OTCBB execution, this rebate is not passed to the clients. USD 5,000 (or non-USD equivalent) Individuals age 25 or younger. Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. All trading involves risk. What states are you currently registered in? We offer additional clearing through Interactive Brokers for clients who wish to trade stocks, options, futures and forex through the same interface. Our trading hours are 6:00 am EST thru 8:00 pm EST. As a tax, this fee is not rolled into the cost of the trade but rather collected at a later date. 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