Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Venom by Cobra Trading Pros & Cons
- Regulation in the United States and protection of funds through SIPC.
- Suitable for active and professional traders.
- Direct Market Access (DMA).
- Professional Venom trading platform with Level 2 quotes.
- Support for one click trading and hotkeys.
- Advanced analytics and real time charts.
- Algorithmic trading capability.
- Available for traders from the United States and international clients.
- A high minimum deposit is required to open an account, $3,000 to $5,000.
- The company does not provide recommendations regarding assets or investments.
- No copy trading or social trading features.
- A limited number of deposit methods.
Venom by Cobra Trading is a brokerage platform for active trading that has provided access to currencies, stocks, options, and futures through advanced trading platforms since 2004. Accounts can be opened by traders not only from the United States, but also from Canada, Europe, Japan, and other countries. The company is regulated by the SEC (Securities and Exchange Commission) and FINRA (CRD#: 132078/SEC#: 8-66548), and it is also a member of the NFA (National Futures Association) with ID: 0402075. Client accounts are protected by SIPC insurance for up to $500,000, including up to $250,000 for cash balances. Clearing services for Venom by Cobra Trading are provided through Interactive Brokers.
TU Expert Verdict
Venom by Cobra Trading demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Venom by Cobra Trading User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of Venom by Cobra Trading have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Venom by Cobra Trading with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Venom by Cobra Trading’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Venom by Cobra Trading Standard spreads Venom by Cobra Trading OANDA FOREX.com EUR/USD min, pips 0.25 0.1 0.7 EUR/USD max, pips 0.5 0.5 1.2 GPB/USD min, pips 0.25 0.1 0.9 GPB/USD max, pips 0.5 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Venom by Cobra Trading RAW/ECN spreads Venom by Cobra Trading OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 1.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Venom by Cobra Trading. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Venom by Cobra Trading Non-Trading Fees Venom by Cobra Trading OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-100 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Venom by Cobra Trading Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10Venom by Cobra Trading has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Track record over 22 years
- No negative balance protection
Venom by Cobra Trading Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level NFA
Full Name National Futures Association Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1 CFTC
Full Name Commodity Futures Trading Commission Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1 SEC
Full Name Securities and Exchange Commission Country of regulation United States Investor Protection Fund Up to $500,000 for SIPA members Regulation Level Tier-1 FINRA
Full Name Financial Industry Regulatory Authority Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1 Venom by Cobra Trading Security Factors Foundation date 2004 Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.8 /10Venom by Cobra Trading offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Low minimum deposit
- Standard account with balanced trading conditions
- Micro lots are not available
- No Cent account
Venom by Cobra Trading account types vs top competitors Venom by Cobra Trading Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoVenom by Cobra Trading accounts trading conditions
Venom by Cobra Trading offers several account types designed for different investor goals, levels of experience, and capital management formats. This variety allows traders to choose the most suitable option for individual trading, joint investments, professional asset management, or corporate trading.
Account types:
Account Type Description Individual A standard account owned by one person and used for independent trading of available instruments. The minimum deposit to open the account is $5,000, but for individuals aged 25 and younger it is $3,000 under UGMA or UTMA account types. Margin An account that allows trading with borrowed funds from the broker using leverage. To trade on such an account, a minimum balance of $2,000 must be maintained, which corresponds to the basic regulatory requirements in the United States. Retirement A retirement account (IRA) intended for residents of the United States to invest funds for retirement with tax advantages. It is used for long term savings and retirement investment management. Joint A joint account owned by two people, such as spouses or partners. Both owners have access to the funds and can manage investments in a shared portfolio. Trust An account opened for a trust where assets are managed by a trustee on behalf of beneficiaries. This type of account is used for inheritance management, family funds, or asset transfer. Advisor An account for financial advisors or asset managers who manage funds for several clients. It allows monitoring and trading across multiple client portfolios through a single interface. Business A corporate account for companies, partnerships, LLCs, or other organizations. It is used for trading and investment management on behalf of a business rather than an individual. Demo Allows the trading platform to be used for practice with virtual funds, which helps test trading strategies and learn platform functions without the risk of losing real money. -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10Venom by Cobra Trading received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Venom by Cobra Trading offers limited payment options and accessibility, which may impact its competitiveness.
- No withdrawal fee
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- USDT payments not accepted
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Venom by Cobra Trading deposit and withdrawal options?
Venom by Cobra Trading offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Venom by Cobra Trading less competitive for those seeking diverse payment options.
Venom by Cobra Trading Deposit and Withdrawal Methods vs Competitors Venom by Cobra Trading Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are Venom by Cobra Trading base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Venom by Cobra Trading supports the following base account currencies: USD.
What are Venom by Cobra Trading's minimum deposit and withdrawal amounts?
The minimum deposit on Venom by Cobra Trading is $5000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Venom by Cobra Trading’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.5 /10Venom by Cobra Trading offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 40 Forex pairs.
- Indices trading
- ETFs investing
- 40 supported currency pairs
- Limited asset selection
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Venom by Cobra Trading with its competitors, making it easier for you to find the perfect fit.
Venom by Cobra Trading Plus500 Trading.com Currency pairs 40 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 69 Stocks YesYesNoCommodity futures NoYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products Venom by Cobra Trading offers for beginner traders and investors who prefer not to engage in active trading.
Venom by Cobra Trading Plus500 Trading.com Bonds YesNoNoETFs YesYesNoCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Venom by Cobra Trading by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.5 /10We successfully registered an account with Venom by Cobra Trading in 30 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Venom by Cobra Trading is $5000. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Low minimum deposit requirement
- Fully online account opening process
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Venom by Cobra Trading account opening Venom by Cobra Trading Plus500 Trading.com Online Registration YesYesYesMinimum deposit $5000 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 30 20 KYC time (days) 2 3 2 Is Venom by Cobra Trading available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Traders from the United States and other countries can open an account on the official Venom by Cobra Trading website. The registration procedure is standard and consists of several stages:
Go to registration through the "Open An Account" button and enter basic personal information.
Select the account type and the appropriate subtype.
Complete the questionnaire about employment and financial capacity, and answer questions about trading experience.
Confirm understanding of trading risks.
Complete the identity verification procedure.
Features of Venom by Cobra Trading user account allow traders to:
- Link a bank account.
- Trade through the online trading platform.
- Deposit funds to the trading balance.
- View the history of financial transactions and trades.
- Withdraw funds received as a result of trading.
- Update personal data and banking details.
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Customer Support
Score:We evaluated Customer Support at Venom by Cobra Trading by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria3.1 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationVenom by Cobra Trading customer support operates according to the following schedule: Monday through Thursday from 6:30 to 16:30 CST, and Friday from 6:30 to 16:00. Support is unavailable on Saturday and Sunday. Users can send a request by email and receive a response later, or contact Interactive Brokers, which is available 24 hours a day, five days a week.
- Any question can be asked through the chat on the broker’s website
- Client oriented approach to supporting traders
- Customer support is unavailable on Saturday and Sunday
- Assistance cannot be requested through messengers
Available communication channels:
- Online chat on the company website.
- Email.
- Phone.
- Fax.
- Facebook, X, Instagram, LinkedIn.
Contacts Foundation date 2004 Registration address 3008 E. Hebron Pkwy | Building 400, Carrollton, TX 75010 Regulation SEC, FINRA, NFA/CFTC (licenses: SEC#: 8-66548, CRD#: 132078, ID: 0402075) Official site https://www.venomtrading.com/ Contacts info@cobratrading.com 877-792-6272, 972-491-7999
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FAQs
How are commissions and non-trading fees structured at Venom by Cobra Trading?
The review states that Venom by Cobra Trading has low overall fees, with a fees score of 10/10 and no deposit, withdrawal, or inactivity fees, although withdrawal charges can range from $0 to $100. For Standard accounts, trading costs are included in floating spreads (e.g., EUR/USD typically 0.25–0.5 pips), while RAW/ECN accounts use market-based spreads plus a $1.5 per lot commission.
What account types and ownership structures does Venom by Cobra Trading offer?
Venom by Cobra Trading provides Demo, Standard, and ECN/Raw spread accounts, but does not offer Cent, Micro, Swap Free, VIP, or managed accounts. It also supports various ownership structures such as Individual, Margin, Retirement, Joint, Trust, Advisor, Business, and Demo accounts, with minimum deposits for some individual accounts starting from $3,000–$5,000 as specified in the review.
What do user reviews and feedback say about Venom by Cobra Trading overall?
Based on available user reviews, Venom by Cobra Trading has a user satisfaction score of 3.6/10 from 10 reviews, with 50% of ratings at 1 star and 30% at 2 stars. The review notes that overall user sentiment is mostly negative, with only a small share of 3- and 4-star feedback and no 5-star reviews reported.
What feedback is given about Venom by Cobra Trading deposit and withdrawal methods and limits?
The review indicates that Venom by Cobra Trading supports bank cards and bank wire transfers, with no deposit fee, a minimum deposit of $5,000, and a minimum withdrawal of $1. It also notes limited payment options, only USD as a base currency, and that services like Wise, USDT, and PayPal are not supported, which may reduce flexibility for some users.
What markets and instruments can be traded with Venom by Cobra Trading, according to the review comments?
The review states that Venom by Cobra Trading offers a limited range of assets, including 40 currency pairs, stocks, stock indices, bonds, and ETFs, but does not support crypto, commodity futures, options, copy trading, PAMM investing, or managed accounts. It notes that this narrower selection may be a constraint for users seeking broader market coverage.
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