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? Didn'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 do everything we can to tailor our pricing to your exact needs.

Multiple Platform choices

At Cobra Trading, Inc. we believe that competitive pricing should not be offered at the expense of poor software. We have carefully examined many trading platforms to select systems that can stand up to the demands of today's active trader. Choose any of our direct access platforms to get immediate access to the market makers with no proprietary trading desk to slow your execution.

Industry Leading Customer Service

At Cobra Trading, Inc. we make customer service our number one priority. This is why you will not find yourself on an automated phone system nor are you left to wait in long phone queues. Each and every call is answered by one of our knowledgeable, helpful representatives who strive to personally answer each one of your questions. In addition, our representatives are available online via instant messaging through AOL to give you the best trade experience 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.

At Cobra Trading we realize that active traders and investors often utilize margin to hold positions overnight. For that reason we believe our low margin rates can help you as a trader keep your costs in line and allow you to keep more of your hard earned money.

Our Clearing Firm

Cobra Trading has carefully selected Wedbush Securities to clear your trades. For over 60 years Wedbush has served investor’s needs and today they are one of the largest securities firms in the nation, employing nearly 1000 employees. With $0 in corporate debt on their balance sheet and up to $25,500,000 in client account protection, Cobra Trading is proud to be partnered with Wedbush Securities.

SIPC Protection

Wedbush provides excess Securities Investor Protection Corporation (“SIPC”) coverage for each client account carried by Wedbush on behalf of Cobra Trading. 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 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.