What Cobra can do for you.

For serious day traders who want to capitalize on every opportunity, Cobra Trading offers sophisticated trading tools and a high level of support that gives elite day traders that extra edge. Unlike other online brokers, we are committed to the idea that responsive technical support can be a secret weapon for traders with aggressive strategies. And we’ve been doing just this since ’04.

Exceptional Customer Service

When you need answers, we answer the phone.

Exceptional Speed

Every second you’re on hold can mean your portfolio is seconds away from depreciating.

Exceptional Savings

The other guys help you with your money. We help you live your best life.

Service

Exceptional Customer Service

  1. PROOF: Every phone call on the first few rings, every live chat within minutes, and every email within a single business day.
  2. PAIN: Poor customer service can rob you of opportunities, causing frustration which could potentially cost you money.
  3. GAIN: Personal = peace of mind, less stress, feeling more secure. Strategic = provide more opportunities.
Speed

Exceptional Speed

  1. PROOF: Various options to easily access non-easy to borrow securities. Many options to route orders directly to market.
  2. PAIN: Inability to quickly seize opportunities can cost you money.
  3. GAIN: Strategic: more opportunities may allow for quicker decisions. Financial: Put your money to work by quickly seizing opportunities.
Savings

Exceptional Savings

  1. PROOF: Per share commission structure. Competitive margin rate. No overnight multiplier fee on locates.
  2. PAIN: High commissions or hidden fees reduces your earning potential.
  3. GAIN: Cost savings = more capital to trade or invest.
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Our mission is to provide active traders the highest level of service, systems and trade support at a very competitive price.

Chadd Hessing, CEO

Frequently Asked Questions

How do I open an account with Cobra Trading, Inc.?

Click on “Open an Account” in the menu bar and follow the instructions to open the account online. If you prefer, you may download the appropriate account application here: https://cobratrading.com/accounts/ or Cobra Trading can mail/email you an account opening packet. If you are a Non-United States resident please email info@cobratrading.com to request an account opening application.

What is the minimum to open an account?

Day-Trading Accounts

  • United States residents:
    • $30,000 to open account
    • $25,000 minimum balance must be maintained in each day-trading account.
  • Non-United States residents:
    • $30,000 to open account
    • $25,000 minimum balance must be maintained in each day-trading account.

Non Day-Trading/Below PDT (Less than $25,000)

Please visit https://www.venomtrading.com or contact us for information about our Venom by Cobra Trading brand which offers accounts with starting deposits of as little as $3,000.

How do I transfer an account to Cobra Trading, Inc.?

Transferring an account from another firm requires an Account Transfer (ACAT) form and a copy of the most recent account statement for the account being transferred. You can obtain an ACAT form by contacting a Cobra Trading representative. These transfers typically take 3-8 business days to complete depending on which broker currently holds the account.

How do I fund my trading account?

You may fund your Cobra Trading account by check, wire, or account transfer.

By Check: Please make check payable to “Wedbush Securities”. If you have been issued an account number please include it on the memo line of the check. If opening a new account, Cobra Trading will add the account number to your check. Please remember to include the check with your account paperwork when mailing everything to Cobra Trading.

Mail To:

Cobra Trading, Inc.
3008 E. Hebron Pkwy, Building 400
Carrollton, TX 75010

By Wire: Please provide your bank with the following wiring instructions:

For United States Resident Accounts

Bank Name: U.S. Bank

Bank Address: 80 S 8th St. #224, Minneapolis, MN 55402

ABA number: 123-000-848

Beneficiary: Wedbush Securities Inc/SunGard

Account Number: 153910900825

Further Credit to the Account of_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Customer Name and Account Number

For Non United States Resident Accounts

Please contact the representative who helped you open the account for the correct instructions.

Account Transfer: Please fill out the Account Transfer Form (ACAT) and return to Cobra Trading along with your account application. Please include a copy of the most recent statement for the account being transferred.

When can I begin trading?

Once the account has been approved and funded, you will receive an e-mail notification with your live trading platform login details.

Who is the clearing firm for Cobra Trading, Inc.?

Cobra Trading offers a choice of two different clearing firms to suit your needs. Most accounts are opened through Wedbush Securities. We offer additional clearing through Interactive Brokers for clients who wish to trade stocks, options, futures and forex through the same interface. Please call us today to discuss our different clearing options.

Is my Cobra Trading account insured?

Cobra Trading, Inc. is a member of SIPC. Securities customers of SIPC members are protected up to $500,000 (including $250,000 for claims of cash).In addition to the $500,000 protection provided by SIPC, clients clearing at Wedbush Securities have additional coverage purchased from Lloyd’s of London for up to $25,000,000 in cash and securities for each client, 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 the SIPC or any additional coverage will protect against market loss. For further information regarding SIPC coverage, please contact SIPC at their website www.SIPC.org.

Who can I contact with questions?

To contact a representative at Cobra Trading, Inc., please see information at contact us.

Can I trade options?

Yes, you may trade options in your Cobra Trading account. You will need to fill out an Option Account Agreement and be approved for options trading.

Can I trade futures?

No, Cobra Trading does not offer futures trading at this time. However, you can trade futures through our Venom by Cobra Trading brand. You can view more information here.

Where do I view historical account information?

To access your historical account information online, please login to your My Client Link portal. If you have not yet setup your My Client Link portal and need help please contact your representative for assistance.

What is my buying power?

Buying power is determined by the type of account you are trading in. If you are trading in an IRA or cash account your buying power will be limited to the cash available. In a retail margin account your buying power for intraday (limit of 3 intraday trades in a rolling 5-day period) will be 4 times your available cash and overnight trades will be 2 times your available cash. For day-trading accounts you will typically have a 4-to-1 intraday buying power and 2-to-1 overnight buying power. For further details on day-trading buying power, select this link.

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