20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Cobra Trading Review 2024
Minimum
deposit:
deposit:
- $30 000
Trading platform:
- Cobra TraderPro
- DAS Trader Pro
- RealTick® EMS
- RealTick Express
Regulation:
- FINRA
- SIPC
Minimum
deposit:
deposit:
- $30 000
Trading platform:
- Cobra TraderPro
- DAS Trader Pro
- RealTick® EMS
- RealTick Express
Leverage:
- Margin trading is available. During day trading, the leverage will be 1:4, at night it is 1: 2
Trading features:
- Trading in futures and Forex assets is available in a subsidiary of Cobra Trading brokerage company - Venom Trading
Summary of Cobra Trading Trading Company
Cobra Trading is a moderate-risk broker with the TU Overall Score of 6.19 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Cobra Trading clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Cobra Trading ranks 28 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Cobra Trading is focused on cooperation with professional investors. Lack of educational information and exorbitant minimum deposits make the broker unsuitable for newbies.
Seasoned US traders choose Cobra Trading as their broker. The company has been providing financial services since 2003, and is registered in the United States and regulated by three bodies: FINRA (CRD#: 132078/SEC#: 8-66548), SIPC, and NFA (0402075). SIPC acts as a guarantor for the payment of monetary compensation to Cobra Trading clients. The broker offers optimal trading conditions for working in the stock market. Clients have access to eight types of accounts, like corporate, joint, and individual accounts, as well as options for retirement investment. Cobra Trading provides clients with direct access to the stock markets through four trading platforms, each of which the user can customize to suit his needs.
| 💰 Account currency: | USD |
|---|---|
| 🚀 Minimum deposit: | $30,000 |
| ⚖️ Leverage: | Margin trading is available. During day trading, the leverage will be 1:4, at night it is 1: 2 |
| 💱 Spread: | From $0.002 per stock |
| 🔧 Instruments: | Trading options, stocks, securities, futures |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Cobra Trading:
- A vast array of trading platforms with diverse functionality.
- The broker is regulated by three bodies: SIPC, FINRA, and NFA.
- The company offers trading accounts for investors with different needs: individual, general, corporate, etc.
- Contact support via online chat is available 24/7.
- Client funds are reliably protected, and financial compensation is provided in case of force majeure circumstances.
👎 Disadvantages of Cobra Trading:
- A high level of minimum deposit, which is not great for novice investors.
- There are few training materials.
- The broker's website contains superficial information regarding trading conditions.
Evaluation of the most influential parameters of Cobra Trading
Table of Contents
Geographic Distribution of Cobra Trading Traders
Popularity in
93.4%
US
0.7%
NL
0.6%
CA
0.71%
MA
0.5%
AU
0.26%
GB
0.22%
UA
0.1%
FR
0.1%
DE
0.41%
Others
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Expert Review of Cobra Trading
Cobra Trading is a stockbroker for professional investors in America. The broker is licensed and regulated by three independent bodies: SIPC, NFA, and FINRA, which guarantee maximum protection for traders and investors in case of unforeseen circumstances. Also, the regulation guarantees the financial protection of clients. In case of bankruptcy of Cobra Trading, investors have the opportunity to receive financial compensation up to $500,000.
The company provides investors with a vast array of accounts and trading platforms, which allows them to choose the appropriate investment method and get the maximum benefit from using all the opportunities offered by the broker. In particular, both independent investment and corporate work are available to users.
Only residents of America may open a trading account, where the minimum deposit on any of the accounts is $30,000. Non-trading fees are paid separately.
Cobra TraderPro, Sterling Trader Pro, and DAS Trader Pro trading platforms are available only on a personal computer or laptop. But on the RealTick® EMS and RealTick Express platform, you can also work from a mobile device. All platforms include free access to investment instruments, analytics, news, and Level 2 quotes. DAS Trader Pro offers advanced functionality, while RealTick is used to manage a large number of accounts and work with complex assets.
Dynamics of Cobra Trading’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Broker
Cobra Trading specializes in investments and offers its clients several options for making a profit. The company has eight types of accounts with various types of ownership:
-
Individual - an account for personal use by one investor.
-
Partnership, Joint, Trust-Shared accounts.
-
Roth IRA, Individual IRA-retirement investment accounts.
-
Corporate, LLC - accounts for companies.
All accounts involve active trading in assets or the selection of stocks for investment. There are no automated programs for making a profit: the broker prioritizes live communication with the client, and the company's employees help to set up the workflow so that the client gets the maximum possible profit.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Cobra Trading’s affiliate program
The broker specializes in providing investment services and does not offer its clients any alternatives to generate passive income. In particular, the company does not have a referral program, so Cobra Trading users do not have the opportunity to receive income for activity not related to trading.
Trading Conditions for Cobra Trading Users
Cobra Trading offers its clients investment accounts for individual work as well as shared accounts. The size of the deposit starts at $30,000, and the trader's balance must be at least $25,000 for comfortable work. The main trading instruments are stocks and options. Futures and currency pairs are available on the Venom Trading broker website, which is owned by Cobra Trading. Margin trading is available to traders, as well as four trading platforms that allow you to customize the workflow to your liking. News, charts, and instruments for market analysis are built into the platforms.
$30 000
Minimum
deposit
1:4
Leverage
5/8
Support
| 💻 Trading platform: | Cobra TraderPro, Sterling Trader Pro, DAS Trader Pro, RealTick® EMS, RealTick Express |
|---|---|
| 📊 Accounts: | Individual, Joint (JTWROS), Individual Retirement Accounts (IRAs), Roth IRA, Miscellaneous, Corporate, LLC, Trust, Partnership |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | ACA, bank transfer, check, ACH |
| 🚀 Minimum deposit: | $30,000 |
| ⚖️ Leverage: | Margin trading is available. During day trading, the leverage will be 1:4, at night it is 1: 2 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.1 |
| 💱 Spread: | From $0.002 per stock |
| 🔧 Instruments: | Trading options, stocks, securities, futures |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Not indicated |
| 📱 Mobile trading: | Available on the RealTick® EMS trading platform and RealTick Express |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Trading in futures and Forex assets is available in a subsidiary of Cobra Trading brokerage company - Venom Trading |
| 🎁 Contests and bonuses: | No |
Cobra Trading Commissions & Fees
Information
Traders Union experts checked Cobra Trading for trade and non-trade fees. Information about commissions for executing transactions and maintaining a trading account is freely available on the broker's website. Cobra Trading charges a fee for trading stocks. It charges fees for non-trading fees for account maintenance, basic and additional market data, inactivity for a month, withdrawals, and transfers between brokerage accounts.
| Account type | Spread (minimum value) | Withdrawal commission |
| Individual | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
| Joint (JTWROS) | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
| Individual Retirement Accounts (IRAs) | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
| Roth IRA | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
| Corporate | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
| LLC | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
| Trust | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
| Partnership | For trading stocks - from $0.002; per contract - from $1 | ACH transfer - free of charge, ACAT transfer - $95, internal bank transfer - $20, international bank transfer - $25 |
A trader who has transferred a position to the next day is charged an additional commission, i.e., a swap fee. The swap fee depends on the trading volume and the trading instrument used. Traders Union experts also compared the performance of Cobra Trading and its main competitors such as stockbrokers Webull and Ally. Analysis of the data showed that the commission for trading stocks in Cobra Trading is slightly higher.
| Broker | Average commission | Level |
| Cobra Trading | $0.3 | Medium |
| Webull | $0.02 | Low |
| Ally Bank | $4 | High |
Detailed Review of Cobra Trading
Cobra Trading is an American licensed broker that has been providing financial services since 2003. The company is focused on cooperation with professional investors and offers several investment options. Thus, Cobra Trading clients can open an individual, joint, or corporate trading account. The broker also provides a choice of four trading platforms, including the Real Tisk platform, which allows you to simultaneously manage multiple accounts. Also, all platforms have built-in charts, indicators, and a section with news and quotes of the 2nd level.
For investors who are considering Cobra Trading for cooperation, we suggest looking at the broker in numbers:
-
$0.002 is the minimum fee for operations with stocks.
-
3 official regulatory bodies guarantee reliable cooperation with the company.
-
4 trading platforms are available to customize for personal needs.
-
9 types of trading accounts, including both joint and individual.
-
The broker has been providing its services on the market for 17+ years.
-
$500,000 is the maximum amount of financial compensation that a trader can receive according to the SIPC.
Cobra Trading is the optimal broker for professional investors
Cobra Trading is a real catch for investors that strive to independently manage their capital and find ways to increase it. The broker does not offer automated software to help traders make profits effortlessly. Instead, Cobra Trading offers its clients its live assistance and stimulates the development of traders in the field of investment and stock trading. The broker also gives a choice of four trading platforms, each of which provides direct access to the markets and displays market quotes of the 2nd level in real-time. This allows the investor to be aware of the current prices.
The main assets for trading in Cobra Trading are options and stocks. The broker also allows you to trade futures, currency pairs, and other active trading instruments through Venom Trading, its subsidiary. Also, Cobra Trading actively cooperates with the Wedbush Securities clearing company to provide clients with the highest possible probability of transactions.
Useful Cobra Trading services:
-
Video about the principles of operation of different trading platforms.
-
News is available directly on all trading platforms of the broker.
-
NASDAQ Level 2 Market Data are also included in the functionality of the platforms.
Advantages:
1
A vast array of trading accounts with different types of property.
2
Trading platforms are suitable for both private investors and investment companies, including general account management.
3
SIPC, FINRA, and NFA regulations guarantee traders the reliability of Cobra Trading and provide for monetary compensation if the broker becomes bankrupt.
4
All trading platforms of the broker are supplied with Level 2 quotes in real-time.
How to Start Making Profits — Guide for Traders
Cobra Trading offers users several types of accounts for personal and joint investment. The minimum deposit for all accounts is the same. Trading conditions and account maintenance fees may vary slightly depending on the characteristics of the account.
Account types:
Account Type
Description
Individual
The account is intended for investors who want to manage their capital on their own through a personal account. Third-party access to your account is excluded.
Joint (JTWROS) is available for joint investment
The account hosts co-equal owners, and in the event of the death of one person, the account becomes the property of the other.
Individual Retirement Accounts (IRAs)
This account is for retirement investment. There is only one owner of the account, and the annual fee is $5500-6500, depending on the age of the owner. Deduction of contributions from the taxable base is possible.
Roth IRA
Retirement investment account, the annual contribution is $5500 or $6500 if the account holder is over 50 years old. Contributions are not deductible, and there are trade restrictions.
Corporate
The account is registered not for an individual investor, but a company. Access to trade is opened to specific employees of the company who can make transactions.
LLC
The account is similar to a corporate one. The only difference is that during registration it is necessary to indicate not only the name of the company but also individuals and/or employees who will have access to trade.
Trust
This account type is intended for novice investors or those who want to make a profit without knowledge in the field of investment. The account is opened in the name of the investor, but the funds are managed by another, appointed
person.
Partnership
2-3 individuals can trade from this account. Moreover, each of the investors is responsible only for those operations that he performed.
To check the trading conditions on different types of accounts, the user can request permission to open a demo account with virtual funds.
Cobra Trading offers trading accounts for investors with a variety of needs, from personal investment to corporate trading, retirement investment, and co-management.
Bonuses Paid by the Broker
Cobra Trading does not provide traders with the opportunity to receive financial bonuses for opening an account or active trading. Instead, the broker offers four trading platforms with different functionality and reliable protection of client funds.
Investment Education Online
Information
The Cobra Trading company is focused on cooperation with experienced investors, therefore, the site contains a small number of materials that will be useful to traders when they start working with a broker.
The information available in the "Education" section
Information not available on the Cobra Trading website
YouTube channel with training videos about working on platforms
Training courses for traders and investors
FAQs section with answers to frequently asked questions
Articles about trading, features of stocks, specifics of working with an asset
Broker's blog with basic information on choosing a broker; tips for novice traders, investors
Section with the up-to-date news from the world of investment and trading on the broker's website
Investor glossary
If necessary, the trader can request to open a demo account that matches the desired trading account with Cobra Trading. If approved, the investor can test the broker's work and his knowledge of working in the futures market without financial risks. The earned funds on the account are virtual, so they cannot be withdrawn or used for trading on a real account.
Security (Protection for Investors)
Information
Cobra Trading is regulated by three regulatory bodies: NFA (National Futures Association), FINRA (America's Financial Industry Regulatory Authority), and SIPC (Securities Investor Protection Corporation).
Cooperation with SIPC means a guarantee for the protection of funds in the amount of up to $500,000. In the event of a financial collapse of Cobra Trading, SIPC undertakes to pay investors financial compensation for $250,000 if the client requests a payment.
👍 Advantages
- The broker is regulated by three independent organizations
- The investor can receive financial compensation in the event of bankruptcy of the company
👎 Disadvantages
- Investor capital is not protected by segregated accounts
Withdrawal Options and Fees
-
To top up a trading account and withdraw funds, the broker offers the following methods: internal and external bank transfer, ACAT (transfer of funds from a trading account opened with another broker to an account with Cobra Trading), and ACH. Replenishment by check is also available.
-
The broker charges a transaction fee. The amount of the fee depends on the method of depositing or withdrawing funds. So, for an internal or external bank transfer, the fee will be $20-25, and $95 for a transfer from another brokerage account.
-
Additional fees for financial transactions may be charged by the bank.
-
The ability to make transactions appears only after confirming the identity of the trader.
-
There is no data on the speed at which funds are credited to a trading account or a client's personal account on the broker's website.
Customer Support Service
Information
Working with different trading platforms and assets can raise questions from both beginners and professional traders. Cobra Trading has set up a support department to help resolve any issues or questions that arise. Each user can ask a question of interest to the company's employees and receive a comprehensive answer or help.
👍 Advantages
- The chat on the Cobra Trading website works around the clock
- Qualified specialists answer the traders' questions
👎 Disadvantages
- The support service is not multilingual and provides assistance in English only
- You can contact the broker by phone or mail only during the specified opening hours.
Available communication channels with customer support specialists include:
-
send a letter to the broker's email;
-
call one of the phone numbers listed in the Contact section;
-
fill out the feedback form on the website;
-
write a message to the chat on the broker's website;
-
send a fax (the address is specified in the Contact section).
The possibility to reach out to the support staff and ask questions is available not only for traders who have opened an account with Cobra Trading but also for users who are considering cooperation with a broker or want to clarify trading conditions.
Contacts
| Foundation date | 1999 |
| Registration address | 3008 E Hebron Pkwy Building 400, Carrollton, TX 75010 |
| Regulation |
FINRA, SIPC |
| Official site | cobratrading.com |
| Contacts |
Email:
info@cobratrading.com,
Phone: 877-792-6272 |
Review of the Personal Cabinet of Cobra Trading
Access to trading platforms and investment instruments opens after a trader opens a trading account. Below is a guide on how to open an account with Cobra Trading.
1
Go to the main page of the Cobra Trading broker. To open a trading account, click on any of the offered buttons that say Open Account.
2
A questionnaire will open in front of you, which must be filled in with personal data: name, surname, phone number, email. Here you also need to choose the type of trading account, trading platform and answer questions that relate to your experience in investing, and knowledge of all possible risks.
3
Indicate the state, city, and place of residence, zip code, information about your place of work, passport details, driver's license, or other documents confirming your identity.
4
The next step is to enter data about your finances like sources of income and the amounts that you are ready to use for investment.
5
Enter information about the authorized person: name, surname, residential address, phone numbers, and email.
6
Fill out the consent to the use of options, if you have previously chosen the opportunity to trade this instrument, and also indicate your experience with different assets.
7
After filling out the questionnaire in detail, follow these four steps. Within 1-2 business days, the broker will contact you and notify you of opening an account or refusal to open an account.
In the personal account of Cobra Trading, clients also have the opportunity to:
-
Contact the broker's support service.
-
Monitor financial transactions on the account.
-
Study the statistics of trading activity.
-
Study financial news and analytics.
-
View current quotes online.
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FAQs
Do reviews by traders influence the Cobra Trading rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Cobra Trading you need to go to the broker's profile.
How to leave a review about Cobra Trading on the Traders Union website?
To leave a review about Cobra Trading, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Cobra Trading on a non-Traders Union client?
Anyone can leave feedback about Cobra Trading on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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