Cobra Trading Reviews
Cobra Trading Customer Reviews (9)
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Cobra Trading Customer’s Q&A
Cobra Trading Features and Benefits
Cobra Trading is a platform that offers a range of key features and benefits to its users.
One of the main features is the advanced trading platforms that are provided. These platforms are designed to cater to the needs of active traders, offering a range of tools and resources to help them make informed trading decisions.
In addition, Cobra Trading offers pre- and post-market trading from 6:00 am to 8:00 pm EST. This extended trading window allows traders to take advantage of market movements outside of the standard trading hours.
Another key feature is the Cobra PRIME service. This service provides traders with access to a diverse array of cutting-edge tools and resources. From advanced analytics and charting tools to industry-leading trading platforms, Cobra PRIME equips traders with everything they need to stay ahead of the curve.
Cobra Trading also offers competitive and transparent pricing. This pricing structure avoids hidden fees common in the industry and provides traders with the speed and flexibility needed for successful day trading.
Finally, Cobra Trading prides itself on its exceptional customer service. The high-touch approach ensures that traders can get support quickly and efficiently when they need it.
These features and benefits make Cobra Trading a compelling choice for active traders looking for a robust and reliable trading platform.
Cobra Trading Pricing
Cobra Trading offers a transparent pricing model. The commission structure is designed to make sense to the Active Trader. The equity rate starts at $.004 per share but can go as low as $.002 per share. For high-volume traders, the more shares you trade, the lower the rate goes.
In addition, Cobra Trading offers competitive rates for equities and options to active traders. The equity rates can be as low as $0.0015/share and Option rates as low as $0.30/contract. There is no minimum per order.
The fixed monthly costs include the platform (DAS) fee of $125 and data fee of $25. The DAS fee is waived when you trade 250K shares on any given month.
If you have received a better offer from one of Cobra Trading's competitors or don't see a commission rate that matches your trading style, you can contact them via their live chat. They will make every effort to tailor their pricing in order to best meet your needs.
Payment Method
CobraTrading.com offers several payment methods for funding accounts:
- Wire Transfer: Funds can be wired directly to the broker's clearing firm, Wedbush Securities.
- ACH Bank Transfer: Electronic transfers from your bank account.
- Check: Checks must be payable to Wedbush Securities.
For account transfers from another firm, contact customer support to obtain an Account Transfer Form (ACAT).
Cobra Trading FAQs
Cobra Trading Alternatives
Top 10 CobraTrading.com alternatives:
These platforms offer various features and tools that cater to different trading needs and preferences.
How To Open A Cobra Trading Account?
To open an account on CobraTrading.com, follow these steps:
- Visit the Cobra Trading website and click on the "Open an Account" button.
- Choose the type of account you want to open (Individual, Joint, Corporate, etc.).
- Fill out the online application form with your personal information, including name, address, and contact details.
- Provide financial information such as your employment status, annual income, and net worth.
- Submit identification documents like a government-issued ID and proof of address.
- Fund your account with the required minimum deposit, which is typically $25,000 for day trading accounts.
- Review and agree to the terms and conditions of the account.
- Submit the application and wait for approval.
Once approved, you will receive an email with your account login details and instructions on how to start trading. For any assistance, contact Cobra Trading's customer support.