Once you have a problem, the real value of customer service becomes visible. The 72 period SMA is a basic moving average line which calculates and plots the average price over the last 72 candles. They only offer Stocks and Options trading with no Forex, CFDs or Cryptos. Don't settle for a single "big-box" broker offering only one trading platform. Sure, you have to pay commissions on each trade. Cobra Trading offers a free test drive. Cobra Trading is a US broker providing premium trading platforms for professional traders with a minimum deposit of $30,000. Various order routing options are available, and traders can receive rebates from exchanges by adding liquidity. What is the benefit? This is what Cobra Trading is all about. Additional information: Future contracts can be traded via Cobra Trading's subsidiary called Venom Trading. You place 20 orders a day with 500 shares per order and a $20 price per share. 3008 E. Hebron Pkwy | Building 400 Carrollton, TX 75010. Trading 200 days a year equals savings of 200 days * $200 savings a day = $40,000 of savings total. Once your account value falls below $25,000, the SEC's PDT Rule comes into play, and your account gets locked for day trading activity. ARTIFICIAL INTELLIGENCE STOCK TRADING SOFTWARE, Click Here to Request Your Free Cobra Trading Platform Demo and 25% Discount, Click here to request a free demo and take advantage of the discounted commission rate, Direct Access broker with fast trade executions, Free platform demo and 25% discount available, Support via chat, and phone (free broker-assisted trades), Good short locate, also on hard-to-borrow shares. We aim to keep the content current and accurate by updating it frequently. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal opinions. Did you ever try to close a trade via chat, getting the message that you can leave your email because the live-chat is not currently available? Cobra Trading clears all orders through trustful partners like Wedbush Securities and Interactive Brokers. Hopefully, you never have an issue with your internet provider or PC. Disclaimer: The content provided is for informational purposes only. Their trading platforms have all functionalities you can think of with excessive charting features, tons of indicators, and other fancy looking things. Believe me, if you have a position of 10,000 shares, and your internet goes dark, you want to talk to a representative immediately to close your position. RealTick Express - $150 per month (full rebate if trade 150,000 shares in a month); RealTick® EMS delivers real-time market data, news, analytics, and sophisticated trading tools supported by state-of-the-art data centers. You may wonder why you should pay commissions when huge online brokers like Charles Schwab and E-Trade offer commission-free trading. Trades can be executed on margin where Cobra Trading has a margin rate of only 5.25% on margin balances of up to $1,000,000.00. Day traders need unfiltered tick data to be able to compete amongst the best in this business. Simply enter your keyword and we will help you find what you need. All Cobra trading client accounts are protected with coverage of up to $25,500,000 via SIPC and Lloyd's of London at no charge. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. Cobra Trading is a direct access broker providing serious tools for serious traders since 2003. In the picture below Cobra Forex Trading System in action. They offer nearly every kind of investment types, a wide variety of tools, services, and financial products. Exchanges like ARCA and BATS pay you $0.002 per share for providing liquidity, and they charge you $0.0035 when removing liquidity. Daytradingz.com readers can request a free platform demo and start trading stocks with commissions as low as $0.003 per share. As a direct access broker, Cobra Trading also offers the flexibility to route the order directly to your preferred exchange. Strict regulation. 20 orders with 500 shares and $0.02 better executions on each trade = 20 orders * 500 shares * $0.02 = $200. The exchange makes a difference in adding liquidity and removing liquidity. The direct access trading platforms are Cobra TraderPro, Sterling Trader Pro, and DAS Trader Pro. DAS combines powerful features such as advanced analytics, multi-instrument trading, and portfolio management into a single trading platform. Why $30,000, you may ask. You can also trade options using Cobra Trading, paying $0.50 per contract and side. All stock- and options trades at Cobra Trading have a minimum of $1 per trade and are subject to regulatory fees, ECN charges and rebates. $0.004 per share + routing and regulatory fees when you trade 0-250,000 shares per month, $1 minimum commission, $0.0035 per share + routing and regulatory fees when you trade 250,000-1,000,000 shares per month, $1 minimum commission, $0.003 per share + routing and regulatory fees when you trade 1,000,000-2,000,000 shares per month, $1 minimum commission, $0.002 per share + routing and regulatory fees when you trade 2,000,000+ shares per month, $1 minimum commission, RealTick and RediPlus - $250 per month (full rebate if trade 250,000 shares in a month); Copyright 2009-2020 ACM MEDIA LLC. Sterling Trader Pro is another great trading platform with even more routing options. Those who want to trade more frequently need a minimum of $25,000 in the account. Let's assume that you are new to day trading. Cobra requires a $30,000 deposit to open an account. Chadd Hessing founded Cobra Trading in 2003. Cobra TraderPro is based on the popular Starling Trader framework and offers key features like hotkeys, real-time Level 2 market data, and stop orders. Cobra Trading does require a $25,000 deposit to open an account. Sterling Trader Pro - $200 per month (full rebate if trade 200,000 shares in a month), $0.50 per contract + options exchange fee when you trade 0 to 2,000 contracts per month, $0.40 per contract + options exchange fee when you trade 2,001 to 10,000 contracts per month, $0.30 per contract + options exchange fee when you trade 10,000+ contracts per month, Cobra Trading minimum deposit to open account. That's why the account minium at Cobra Trading is $30,000. Speed is one of the main requirements for day trading successfully. Cobra also offers trust, corporate, LLC, and partnership accounts. Cobra TraderPro is our most cost-conscious platform. More than just support, we are committed to customer engagement that provides significant value. Stocks and options are cleared through Wedbush Securities, one of the largest securities firms in the United States. Cobra Trading is a direct-access broker with an impressive range of trading platforms, high-speed trade executions and excellent support. Customer service is Cobra Trading, Inc's priority. The broker receives the commissions while the routing fees are being paid to the exchange. Then the broker-dealer requires $10,000 to keep the account going. Normally, you have to trade a minimum of 1M shares per month to get a similar rate, which is hard to achieve for beginners. The Cobra Trading equity trading commissions usually start at $0.004 per share. The most challenging part of shorting stocks is finding a counterpart that borrows the shares to short. To invest in the best tools gives traders an edge and unlocks higher profit potential. Click the button, get a fill immediately and see the order status in real-time in your trading platform. Here is the good news: As a daytradingz.com reader, you get a 25% discount at Cobra Trading with $0.003 per share for all new accounts. But on some occasions, you may even earn rebates from the exchange. Click here to request a free demo and take advantage of the discounted commission rate (25% Off). We believe these tools, paired with our commitment to award-winning customer service, allow you to focus on what matters most, your trading. The contributors and authors are not registered or certified financial advisors. The future contact trades will be cleared via Interactive Brokers. The simple answer to the question is speed and flexibility. A company built from the ground floor up with laser-like focus to provide the best tools, service and rates. Daytrading accounts require $30,000 to open and $25,000 minimum to maintain. And these numbers are for non-day-trading accounts. Because it caters to day traders, $25,000 must be maintained. And the minimum goes up to … Other routings like CODAREB, IEX and ITGMRT neither charge nor credit something and let trade you without paying routing fees. Multiple Direct Access Platforms for active traders. All rights are reserved. Sterling Trader is one of the leading direct-access trading platforms for trading equities and options. Click here to request a free demo and take advantage of the discounted commission rate. The Cobra TraderPro platform offers real-time Level 2 market data, advanced charting, hot keys, and a short locate monitor. Level-2 trading providing direct market access, one-click trading, advanced analytics and real-time charting. The fast order execution gives you 2 cent better trade executions with each trade because of speedy execution. We may be compensated by the businesses we review. Required Deposit. Copyright © Cobra Trading - All Rights Reserved.

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