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Cobra Trading Review and Tutorial 2021

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Facts & Figures

Trade stocks and options on advanced platforms at Cobra Trading.

Awards

N/A

Bonus None
Instruments Stocks, options
Demo Account Yes
Min. Deposit $30,000
Pay Methods Cheque, Wire Transfer
Min. Trade $1.00
Regulated By FINRA
MetaTrader 4 No
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading No
Copy Trading No
Trade Signals No
Islamic Account No
Forex
GBPUSD Spread
EURUSD Spread
EURGBP Spread
Assets
Risk Warning – Your capital is at risk

Cobra Trading is an immediate market access broker contributing stocks and options to various trading frameworks and records. The gathering utilizes Wedbush Securities and Interactive Brokers as their clearing firm. We’ll get familiar with Cobra Trading’s highlights in this review, including account essentials, charges, guidelines and then some.

Cobra Trading Group Details 

Cobra Trading was established in 2003. The broker offers three direct access trading stages on various record types to suit individual traders and corporates. 

A Cobra Trading account accompanies layered estimating on equities and options. The broker likewise has a sister brokerage, Venom by Cobra Trading, for those needing to trade futures and forex. 

Cobra Trading is an individual from the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA) and the Securities Investor Protection Corporation (SIPC).

Trading Platforms 

Cobra TraderPro 

TraderPro is an incredible trading framework outfitted with customizable highlights and progressed outlining abilities for non-element and non-proficient clients, as it were. The stage depends on the Sterling Trader system and accompanies constant Level 2 market information, hotkeys, a quick find screen, stop orders, custom cautions, news and watch records.

Sterling TraderPro 

As one of the leading direct access stages for equities and options trading, Sterling TraderPro conveys a high-level trading administration for singular traders. Highlights incorporate Level 2 market information, portfolio the board, container trading, hotkeys, stop orders, progressed outlining devices, custom cautions, news and watchlists.

DAS Trader Pro 

For multi-instrument trading and incredible trading on equities and options, the DAS Trader Pro (Direct Access Software) offers direct request courses, different stop types, multi-account the executives, progressed diagramming with more than 30 specialized examinations, hotkey abilities, ongoing business sector news and a market scanner.

Markets 

Cobra Trading offers the capacity to trade equities and options through direct admittance to the scenes that handle request streams for the trade. 

Venom by Cobra Trading offers US stocks, bonds, ETFs, options, futures, and forex to trade a more extensive assortment of instruments.

Commissions 

Cobra Trading charges layered valuing on special offers and agreements of equities and options, as shown beneath. Note that all trades will be charged a $1 commission and are dependent upon ECN charges/discounts and administrative expenses.

Equities (per share)

  • $.004 – 0 to 250K shares per month
  • $.0035 – 250K to 1M shares per month
  • $.003 – 1M to 2M shares per month
  • $.002 – 2M to 10M shares per month

Options (per contract)

  • $.50 – 0 to 2k contracts per month
  • $.40 – 2k to 10k contracts per month
  • $.30 – 10k+ contracts

There are programming expenses for DAS Trader Pro, Cobra Trader Pro and Sterling Trader Pro, going from $100 for Cobra Trader Pro to $200 for Sterling Trader Pro. The product charge can be postponed if the accompanying offer volume is meet inside a scheduled month: 

  • Cobra Trader Pro – 200,000 Shares 
  • DAS Trader Pro – 250,000 Shares 
  • Sterling Trader Pro – 300,000 Shares 

Likewise, there are month-to-month essential information bundles, charged at $25 for non-master traders and $79 for star traders. Discretionary extra information bundles are additionally accessible, beginning from $12. 

Steering expenses are additionally charged inside every stage and shift contingent upon the trade. A full rundown of these can be found on the site, alongside any remaining extra brokerage and record charges.

Cobra Trading Leverage 

Retail leverage at Cobra Trading is 1:4 for day trading and 1:2 for overnight trading. If you’re trading in an IRA or money account, purchasing influence is restricted to the money accessible.

Mobile Trading 

Mobile trading is just accessible when utilizing ideas fueled by DAS Trader Pro. The month-to-month cost for this expansion is $30/month. 

The Venom division offers a restrictive mobile application that permits you to trade stocks, options and futures utilizing continuous streaming statements and graphs. Mobile clients can set value alarms and fully access the executives on the two iOS and Android gadgets.

Payments 

Subsidizing options are as per the following; Wire, ACH Bank move or a check. 

Assets should be payable to the broker’s clearing firm, Wedbush Securities, for the two strategies. Likewise, traders can move a record from another firm (ACAT) by reaching client assistance and getting a record move structure. 

Note that there is a $20 expense on wire deposits and withdrawals. Worldwide active wire moves cost $25.

Demo Account 

Cobra Trading offers a demo representing the individuals who need to test drive any of the stages before opening a live record. Toxin Trading clients should reach out to the client care group to set up a demo account.

Cobra Trading Bonus 

Cobra Trading and Venom Trading presently don’t offer any rewards or advancements. You can check the sites or web-based media pages for any arrangements later on. However, these might be restricted because of administrative limitations.

Regulation Review 

Cobra Trading Inc. is an individual from the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA) and the Securities Investor Protection Corporation (SIPC). 

FINRA manages brokerages in the United States and is approved by Congress. The NFA is a self-administrative association for the US subsidiaries industry, including ETFs, off-trade unfamiliar money, and OTC subordinates. The SIPC is a governmentally commanded non-legislative association, which furnishes financial backer security up to $500,000 with a restriction of $250,000 for cash surpluses.

Additional Features 

Cobra Trading offers a restricted scope of different assets, including stage instructional exercises and trading recordings on YouTube. There is additionally a blog segment, however, with a couple of articles. The support on Venom is somewhat more thorough, with a couple of courses, item visits and online classes on offer.

Account Types 

Cobra Trading offers various record types to suit different traders, including Individual, Joint, Corporate, LLC, Partnership, and Trust accounts. 

Note that the base starting deposit and record support necessities won’t be appropriate for fledglings. The underlying deposit for homegrown day trading accounts is $30,000, with a necessary kept up surplus of $25,000 to keep the record open. 

Global day trading accounts require a $30,000 starting deposit and a $25,000 surplus to keep the record open. 

The individuals who don’t meet all requirements for a Cobra Trading record might need to consider a Venom account, with essentials from $3,000 for singular records.

Benefits 

Motivations to open a record with Cobra Trading versus any semblance of Lightspeed and CenterPoint include: 

  • Various Short Locate Sources 
  • Low Margin Interest Rate 
  • Live Chat Support 
  • APIs 
  • SIPC remuneration 
  • Set up and managed broker 
  • Different trading stages to browse 
  • Acknowledges customers from the US and the UK

Drawbacks 

In any case, there are a few inconveniences to consider: 

  • Example day trading (PDT) limitations 
  • MetaTrader stages not advertised 
  • High record least deposits 
  • Various expenses and commissions

Trading Hours 

Cobra Trading offers both premarket and postmarket trading for all customers. Trading Hours 4:00 EST (in response to popular demand) – 20:00 EST. 

Meeting times for explicit instruments differ and can be found inside your picked stage.

Customer Support 

You can contact Cobra Trading by email, at info@cobratrading.com, through the telephone number, at 877-792-6272, or through the live talk administration. Business hours are Monday to Friday from 07:00 – 16:30 CST. The broker is shut at the end of the week.

Security 

Most stages usually keep industry-standard security prerequisites, for example, SSL encryption and login security codes or validation. Shockingly, it’s not satisfactory which safety efforts are utilized inside the Cobra Trading stages, yet you can reach out to the broker for clearness.

Cobra Trading Verdict 

Cobra Trading offers a managed and set up trading administration, appropriate for experienced and dynamic traders who can pay the $30,000 least deposit. The scope of trading stages is excellent, with demo options accessible. 

Commission expenses are applied instead of installment for the request stream, which improves the probability of a further developed execution when contrasted with other enormous box brokers.

Accepted Countries 

Cobra Trading acknowledges traders from United States, Australia, United Kingdom.

Alternatives to Cobra Trading 

On the off chance that you are searching for options in contrast to Cobra Trading, we have incorporated a rundown of the leading five brokers like Cobra Trading. This rundown of brokers like Cobra Trading is arranged by closeness and includes organizations acknowledging traders from your area.

  1. Trade Nation – Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.
  2. Forex.com – Forex.com boasts a global reputation. Regulated in the UK, US and Canada, they offer a massive range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  3. Just2Trade – Just2Trade offer Hitech trading on stocks and options with some of the lowest prices in the industry
  4. IronFX – IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
  5. Infinox – Infinox is a UK-based broker offering MT4 trading with tight spreads.

FAQ 

How might I open a record with Cobra Trading? 

After tapping on Open An Account on the site, you should give your subtleties and download the suitable record applications when trained. Cobra Trading can likewise email you a record opening bundle. 

Who is the clearing firm for the Cobra Trading bunch? 

Most records are opened through Wedbush Securities, however extra clearing using Venom is likewise given through Interactive Brokers. 

What influence is accessible at Cobra Trading? 

Retail influence at Cobra Trading is restricted to 1:4 for day exchanging and 1:2 for overnight exchanging. 

Does Cobra Trading offer a demo account? 

Indeed, you can open a demo account in any of the stages by taking care of the site’s solicitation structure. 

What deposit techniques are accessible at Cobra Trading? 

Deposits are accessible through bank wire move or check. You can likewise move a record from another firm.

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