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Cobra Trading

By on October 24, 2012
Editor’s Rating
Tools & Research
Ease of Use
Range of Investments


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Cobra Trading is an online brokerage known for providing traders with maximum trade support at minimum costs. The trading firm offers six different trading platforms – RealTick, CobraIQ, Venom Trader, Sterling Trader(R) Pro, Cyborg Trader and CobraOnline, which is their web based trading platform.

In this Cobra Trading review, I'll cover what Cobra Trading has to offer, who they're right for, and give you guys some links to the latest Cobra Trading promotions. If you've used Cobra Trading before, please add your own rating and review below.

Cobra Trading – The Basics:


Stocks, options, futures, mutual funds and Forex.


Minimum commission for all trade transactions is $1. For Equities trading on all platforms, the firm charges $0.005 per share for up to 250,000 shares per month. If you trade more than this quantity, charges are $0.004 per share per month. For traders using Cobra IQ, charges are $0.001 more than the charges on the other four platforms. For options, the firm charges $5 and per contract option fee is $0.95 on all platforms. No charges are levied for Venom Trader Software. CobraIQ costs $125 and the other two platforms cost $250 to begin with. For Venom traders, charges are not levied on a per share basis. CobraIQ users receive full rebate per share if number of shares traded per month exceed 75,000. For RealTick and Sterling Trader users, full rebate is provided if number of trades cross 200,000 per month. In addition, there are a few other miscellaneous charges such as ECN fee, paper confirms fee and paper statement fee. Broker assisted trades do not carry extra charge.

Investor Education:

Very limited.

Mobile apps:


The registration process involves form submission and accounting funding, which can be done in three ways – account transfer, check and wire transfer. The minimum to open an account with Cobra Trading is $2,500. Apply for an account now.

Pros & Cons Of Cobra Trading:



  • Customer service is provided through phone, chat and email.
  • One of the lowest commissions charged for trades.
  • No maintenance fees.
  • Good investment options.
  • Good choice of trading platforms.
  • Reliable service.
  • An excellent option for serious traders.
  • Good features for stocks and options.
  • Too many trading platform options makes things confusing.
  • Many miscellaneous and additional fees.
  • Not suitable for casual traders.
  • No mobile apps.
  • Very limited research tools.
  • Does not offer education, webinars or seminars.

How Others Rated Cobra Trading In 2012:

Barron's: 2.5/5 stars

          Highest rated category: Usability

          Lowest rated category: Portfolio Analysis and Reports

Smart Money: N/A (not rated)

          Highest rated category: N/A (not rated)

          Lowest rated category: N/A (not rated)

Word On The Street Is…

According to most users, the strongest point of Cobra Trading is the prompt and effective customer service. Multiple platforms are also appreciated by seasoned users, although beginners find them rather confusing. Most of the users would like some kind of education facility or information dispensing system regarding the basics and advanced methods of trading.

Overall takeaway: Not built for casual investors, but if you're a high frequency trader it might be worth a second look, although I believe there are better options out there (such as Interactive Brokers).

Cobra Trading Promotion Code:

Hit the link below to claim the latest Cobra Trading promotion. Click below to claim promotion code No current promotions running. Click here to apply for an account.

Where To Open A Cobra Trading Account:

Open A Personal/Joint/Custodial/Business Account With Cobra Trading: Apply Here

Open An IRA Account With Cobra Trading: Apply Here

Open A Forex Trading Account With Cobra Trading: Apply Here

P.S. Don't forget, if you've used Cobra Trading before, please help us by adding your rating and review below!

About Peter Voga

Self-confessed coffee addict. Family man. Rage Against The Machine fan. Lover (and sometimes hater) of the stock market. Founder of BrokerChats. For more, follow me @petervoga or check me out on Facebook or Google+.

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Tools & Research
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