Why Choose Cobra Trading
Pricing
Cobra Trading has some of the lowest pricing in the industry and offers discounted commission tiers for high volume traders.
Still not good enough? Have you received a better offer from one of our competitors? Don’t see a commission rate that matches your trading style? Contact us via our live chat and let us know what it takes to earn your trading business. We will make every effort to tailor our pricing in order to best meet your needs.
Multiple Platform choices
At Cobra Trading, Inc. we believe that competitive pricing should not be offered at the expense of poor software. We examined many trading platforms and have selected systems that can stand up to the demands of today's active trader. Choose any of our direct access platforms for immediate access to market makers. We have no proprietary trading desk to slow you down.
Industry Leading Customer Service
At Cobra Trading, Inc. we make customer service our number one priority. We do not use automated phone systems. We prefer the live personal touch delivered by our knowledgeable associates. In addition, our associates are available online via instant messaging to ensure you receive the best service possible.
Short Locates
Have you ever had that perfect trade and your broker wouldn't allow you to short the stock? At Cobra Trading, Inc. we work diligently with our clearing firm and multiple locate sources to ensure you won’t be left out on those hard-to-borrow stocks.
Margin Rates
Cobra Trading charges a low 4.00% margin rate on margin balances of $1.00 or $1,000,000.00.
Have you ever had that perfect trade and your broker wouldn't allow you to short the stock? At Cobra Trading, Inc. we work diligently with our clearing firm and multiple locate sources to ensure you won’t be left out on those hard-to-borrow stocks.
Our Clearing Firm
Cobra Trading is proud to be partnered with Wedbush Securities for clearing services. Wedbush Securities, founded in 1955, is one of the largest securities firms in the nation.
SIPC Protection
Wedbush Securities provides excess Securities Investor Protection Corporation (“SIPC”) coverage for each Cobra Trading client account. Each account is covered up to $25,500,000 at no charge. SIPC provides coverage up to $500,000, of which a maximum of $250,000 applies to cash credit balances. In addition to the SIPC coverage, Wedbush Securities has purchased from Lloyd’s of London an excess SIPC bond that provides additional coverage for up to $25,000,000 in cash and securities for each client account, subject to an aggregate loss limit of $100,000,000. This bond covers cash credit balances to a maximum of $900,000 for a total of $1,150,000 in cash balances. Neither SIPC coverage, nor the coverage of excess of that provided by SIPC, covers a decline in the value of a customer’s assets due to market loss. For further information about SIPC, please view the organization’s website: www.sipc.org.
