They just trigger my stop loss double the pips set. Call Today : 877-792-6272. Cobra Trading is the US broker that offers trading currencies, futures, stocks, and options. Shorting stocks intraday opens a whole new world of profitable short term trading with a good risk-reward ratio. However, they don’t accept accounts from the United States of America. Cobra Trading Inc. is a brokerage company focused on professional market players who trade shares, options, and futures. Cobra Trading Review – Sterling Trader RealTick. Cobra Trading is a financial service provider based in Plano, Texas.They offer a multitude of tools and services fit for any of your trading needs. Cobra Trading Review & User Rating 2020. A web-based platform is a great option for new investors with little experience, and as a result, it is not a good option for professionals. You may wonder why you should pay commissions when huge online brokers like Charles Schwab and E-Trade offer commission-free trading. They offer one of the most complete order routing options and a fair pricing structure. Why $30,000, you may ask. You can also trade options using Cobra Trading, paying $0.50 per contract and side. Cobra Trading Review Summary Cobra Trading is the best day trading broker for traders who value the added benefit of fast order executions. I wanted to write a review on my experience with Cobra and why I ultimately decided to leave Cobra. Cobra Trading Bonuses Review. Leading U.S. The platforms offer level-2 pricing and real-time charting, with direct market access and support for one-click trading. As a direct access broker, Cobra Trading also offers the flexibility to route the order directly to your preferred exchange. The most challenging part of shorting stocks is finding a counterpart that borrows the shares to short. Sterling Trader Pro - $200 per month (full rebate if trade 200,000 shares in a month), $0.50 per contract + options exchange fee when you trade 0 to 2,000 contracts per month, $0.40 per contract + options exchange fee when you trade 2,001 to 10,000 contracts per month, $0.30 per contract + options exchange fee when you trade 10,000+ contracts per month, Cobra Trading minimum deposit to open account. Unfortunately, clients will have to trade a lot to get full rebates on platform fees ($150 or $250 per month) to use one of the Cobra Trading's professional trading platforms. This is what Cobra Trading is all about. Stocks and options are cleared through Wedbush Securities, one of the largest securities firms in the United States. Cobra Trading Review Summary Cobra Trading is a tiny company that offers very good per-share commission plan for all their platforms. The account types supported include individual and corporate accounts. Other routings like CODAREB, IEX and ITGMRT neither charge nor credit something and let trade you without paying routing fees. Cobra Trading charges a very low 5.25% on margin debits up to $1 million. Once you have a problem, the real value of customer service becomes visible. Cobra Trading Customer Review * Spam and HTML will be deleted. 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. $2,500. Cobra Trading, Inc. is an Illinois Corporation filed on October 22, 1986. Click here to request a free demo and take advantage of the discounted commission rate (25% Off). 12 SMA (High, Low & Typical): This 12 period set of SMAs calculate their levels on the basis of price bars High, Low and Typical Average systems. What exactly makes it the best online broker for day trading? Click the button, get a fill immediately and see the order status in real-time in your trading platform. Let's assume that you are new to day trading. We’ll learn more about Cobra Trading’s features in this review, including account minimums, fees, regulations and more. Accounts are protected via SIPC, and Cobra Trading is also a member of FINRA and NFA. The software fees are fair, and the costs can be waived when trading frequently. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. 0. Home Forex Brokers Review Cobra Trading Review 2020. Their short locate functionality is excellent, all important order types are supported, and direct market access leads to fast trade executions. Here are the numbers: Options trading on Sterling adds an extra $30 per month. The below offer applies to equity commissions at both www.cobratrading.com and www.venomtrading.com. Cobra TraderPro is the best starting point for beginners and has the lowest monthly fees. You place 20 orders a day with 500 shares per order and a $20 price per share. On Dec 10, 2019 0. The trading commissions are only a fraction of a cent, and with the daytradingz.com discounted rate, you pay only $0.003 per share, which means 20 orders * 500 shares * $0.003 = $30 in commissions per day * 200 trading days = $6,000 in commissions. Disclaimer: The content provided is for informational purposes only. Did you ever try to close a trade via chat, getting the message that you can leave your email because the live-chat is not currently available? Motley Fool Review: Can the Stock Advisor Beat the Market? Additional information: Future contracts can be traded via Cobra Trading's subsidiary called Venom Trading. When you're learning how to get started in stocks, you're not always thinking about the importance of choosing the right broker for you. Cobra Trading is a direct-access broker with an impressive range of trading platforms, high-speed trade executions and excellent support. Read trader's reviews for CobraTrading.com broker. Trading 200 days a year equals savings of 200 days * $200 savings a day = $40,000 of savings total. Normally, you have to trade a minimum of 1M shares per month to get a similar rate, which is hard to achieve for beginners. Daytrading accounts require $30,000 to open and $25,000 minimum to maintain. Cobra Trading offers four trading platforms, three of them are desktop-based, and one is web-based. December 11, 2020 Platform Reviews, Service Reviews. Login or Register. Rate/submit Cobra Trading reviews Sterling Trader Pro is another great trading platform with even more routing options. The overall impression one gets from the Cobra Trading website is a “let’s get started” attitude that summarizes the prices and option available for each of … Brokerage Review Websites About CobraTrading "Cobra Trading is an online broker that specializes in hyperactive trading and quality customer service. They offer nearly every kind of investment types, a wide variety of tools, services, and financial products. (Review Breakdown) Venom by Cobra Trading, Inc., boasts competitive rates, an advanced trading platform, and excellent customer service. The company offers discounted rates of commissions for high volume traders. The personable platform allows its users to take control and manage all of their trading allowing them to focus on what matters most. In any case, Cobra Trading, Inc. offers futures and forex trading in addition to equities and options trading. There is no doubt that retail brokers like Charles Schwab and TD-Ameritrade are excellent choices for retail traders buying stocks and ETFs every once in a while, focusing on long term investments. Their short locate functionality is excellent, all important order types are supported, and direct market access leads to fast trade executions. Cobra Trading is the US broker that offers trading currencies, futures, stocks, and options. Cobra Trading Review: Platforms. Please read a review of Cobra Trading and feedback on the broker, compare it with other companies, and eventually make the right choice. December 10, 2019. All rights are reserved. The fast order execution gives you 2 cent better trade executions with each trade because of speedy execution. They are registered with the Securities Commission of the Bahamas. Cobra Trading is a medium sized brokerage located in Allen, TX. The future contact trades will be cleared via Interactive Brokers. Cobra Trading is the best day trading broker for traders who value the added benefit of fast order executions. As a customer for well over a decade, I have to admit hands down that Cobratrading.com has the best customer service dedicated to traders. As a MIC member, you can take advantage of a 25% discount on commissions for new clients. Cobra Trading is the US broker that offers trading currencies, futures, stocks, and options. The basic data package for non-professional traders costs $25 per month. This broker was not featured in our 2020 Broker Review Audit. CobraTrading.com offers equities and options for your personal investment and trading options. Based on the Sterling Trader framework, the platform is loaded with features without sacrificing any of the features needed for active traders or investors. Cobra Trading clears all orders through trustful partners like Wedbush Securities and Interactive Brokers. The hypothetical net-benefit in this szenario is $40,000-$6,000 = $34,000. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. Additionally, the firm offers pre- and post-market trading from 6:00 am to 8:00 pm EST. That's why the account minium at Cobra Trading is $30,000. July 27, 2017 aaronscd Leave a comment. The short locate list with shortable stocks is another main benefit compared to retail brokerages. Now With Over 23,000 Reviews! Cobra Trading Review & User Rating 2020. The exchange makes a difference in adding liquidity and removing liquidity. Rumor Hound Review – Should You Place Trades on Rumors? The contributors and authors are not registered or certified financial advisors. Here is the good news: As a daytradingz.com reader, you get a 25% discount at Cobra Trading with $0.003 per share for all new accounts. Believe me, if you have a position of 10,000 shares, and your internet goes dark, you want to talk to a representative immediately to close your position. The minimum to open an account i… The broker charges a commission on shares from $0.004 per share on condition that you trade at least 250,000 shares in a month. We aim to keep the content current and accurate by updating it frequently. 1. Cobra Trading Review – RealTick Cobra Trading Research & Education Cobra TraderPro is our most cost-conscious platform. Daytradingz.com readers can request a free platform demo and start trading stocks with commissions as low as $0.003 per share. All Cobra trading client accounts are protected with coverage of up to $25,500,000 via SIPC and Lloyd's of London at no charge. The broker uses its small size to deliver a consistent experience for its clients. But on some occasions, you may even earn rebates from the exchange. The broker receives the commissions while the routing fees are being paid to the exchange. In this Cobra Trading review, we’ve determined that Cobra Trading is an excellent choice for active traders, offering a slew of features desired by active traders. Cobra TraderPro. Their knowledge is so in-depth that I am constantly amazed at how well they understand the mechanic… The brokerage company operates in accordance with the US legislation and is regulated by FINRA and the … About three months ago I dropped my ETC account with Center Point and changed to Cobra Trading. Are you tired of automated phone systems with long holding times? Date and time of Cobra Trading review : 2016-09-23 10:39:21 . 20 orders with 500 shares and $0.02 better executions on each trade = 20 orders * 500 shares * $0.02 = $200. Search 10,341 Financial Products. However, if you are under the age of 25 th… Forex Brokers Review; Cobra Trading Review 2020. $0.004 per share + routing and regulatory fees when you trade 0-250,000 shares per month, $1 minimum commission, $0.0035 per share + routing and regulatory fees when you trade 250,000-1,000,000 shares per month, $1 minimum commission, $0.003 per share + routing and regulatory fees when you trade 1,000,000-2,000,000 shares per month, $1 minimum commission, $0.002 per share + routing and regulatory fees when you trade 2,000,000+ shares per month, $1 minimum commission, RealTick and RediPlus - $250 per month (full rebate if trade 250,000 shares in a month); We may be compensated by the businesses we review. How is that possible? Another popular solution for day traders is DAS Trader Pro. Cobra trading review looks at what is offered. Cobra Trading is a direct market access broker offering stocks and options on a variety of trading systems and accounts. Cobra Trading currently has 6 review(s). Cobra Trading is a direct access broker offering several different trading platforms, a $1.00 trade minimum and low per share pricing. II’ve gotten to know the support managers Dan and Brandon, who are relentlessly prudent and responsive to any and all inquiries whether trade or account related. Brokers Websites Books Newsletters DVDs Software Banks Prop Firms Media People. The Registered Agent on file for this company is Henri S Front and is located at 777 N Michigan Ave #2400, Chicago, IL 60611. Once your account value falls below $25,000, the SEC's PDT Rule comes into play, and your account gets locked for day trading activity. Various order routing options are available, and traders can receive rebates from exchanges by adding liquidity. Customer service is Cobra Trading, Inc's priority. The company's filing status is listed as Dissolved. A direct-access broker focuses on speed by sending orders as fast as possible to the best possible stock exchange and ECN. The company is headquartered in Plano (a town near Dallas), Texas. Since they are located outside of the jurisdiction of the United States and the U.S. Securities and Exchange Commission, the $25,000 PDT ruledoesn’t apply for their customers. The simple answer to the question is speed and flexibility. Everything you need to know before trading with Venom by Cobra Trading you can find in our detailed Venom by Cobra Trading Review. Sure, you have to pay commissions on each trade. Market Chameleon Review – Trade Ideas, Scanning and More. Accounts. Forex Brokers Review. You should consult a financial professional before making any financial decisions. The company is headquartered in … The company is headquartered in … Cobra Trading Review. Cobra Trading is an online broker that allows their customers to trade stocks, ETFs, options, forex and futures all from one trading account. Unlike the large discount brokers, there is hardly any wait time as they usually pick up the phone in two rings. Transparency: We may get compensated when you click on a link on our website. Copyright 2009-2021 ACM MEDIA LLC. Their clients are active day traders who enjoy competitive commission rates, multiple trading platforms, an industry-leading customer service, and one of the best short locate availability. The online brokerage, founded in 2004, caters to traders of US stocks, ETFs, options, futures, Forex, bonds, and more. Speed is one of the main requirements for day trading successfully. Cobra Trading offers a free test drive. Cobra Trading works diligently with its clearing firm Wedbush Securities to locate even hard-to-borrow stocks fast and easily. Cobra Trading is a brokerage company established in 2009 in the USA. That being said, check out our cobra trading review below. The company provides its clients with such trading instruments as major and exotic currency pairs … CobraTrading is a US stock broker. Cobra Trading is proud to partner with My Investing Club, a trading community featuring chatrooms and mentorship services for its active traders. Their trading platforms have all functionalities you can think of with excessive charting features, tons of indicators, and other fancy looking things. 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. Reviews, discussions, and comments about the broker Cobra Trading. Day traders value quality when it comes to trading software, especially when day trading is the primary source of income. Less frequent traders would not be well served by Cobra Trading. 22 July 2020. Sometimes the actual data can differ from what's stated on our website. Cobra TraderPro is based on the popular Starling Trader framework and offers key features like hotkeys, real-time Level 2 market data, and stop orders. Those who want to trade more frequently need a minimum of $25,000 in the account. 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. To invest in the best tools gives traders an edge and unlocks higher profit potential. They offer individual and joint, JTWROS (joint tenants with right of survivor-ship), accounts. ARTIFICIAL INTELLIGENCE STOCK TRADING SOFTWARE, Click Here to Request Your Free Cobra Trading Platform Demo and 25% Discount, Click here to request a free demo and take advantage of the discounted commission rate, Direct Access broker with fast trade executions, Free platform demo and 25% discount available, Support via chat, and phone (free broker-assisted trades), Good short locate, also on hard-to-borrow shares. Cobra Trading review. Sign up now. And you will need to pay software fees to gain access to the platforms the broker offers. Simply enter your keyword and we will help you find what you need. The group uses Wedbush Securities and Interactive Brokers as their clearing firm. According to the SEC rules, traders can execute a maximum of three-day trades in a rolling 5-day period if they have less than $25,000 in their account. If you need market data, there will be a charge for that, too. Click here to request a free demo and take advantage of the discounted commission rate. 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