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Cobra Trading Review

About Cobra Trading:
Cobra Trading offers multiple platforms: It sole online platform, CobraOnline, is an web-based trading platform for stocks and options that require no download whatsoever.

Ratings:

  • Overall: Below Average
  • Commissions & Fees: Average
  • Customer Service: Above Average
  • Tools & Research: Average
  • Ease of Use: Below Average
  • Investment Offering: Below Average
  • Education: Below Average
  • Mobile Trading: Below Average
  • Tools: Average
  • Execution: Average
  • Value: Below Average

Trade Commissions

  • Equity Trades: $6.99
  • Options Fee: $5.00
  • Options Contract: $0.95
  • Mutual Fund: $0.00
  • Broker Assisted: $6.99
  • Minimum Deposit: $0.00
  • Stocks and ETFs: $6.99 with CobraOnline platform

Advantages

  • Highly accessible customer service
  • No extra charge for assisted trades
  • After hours trading available
  • Flexible commission for high volume traders
  • Flat rate commissions have no surcharges and no hidden fees
  • Very good customer service
  • Fast executions
  • Free check requests
  • Free broker assisted trading
  • Cobra’s selection of trading platforms Cobra IQ, OmniPro, Sterling Trader
  • No additional charge for broker assisted trades.
  • Six trade platforms supported.
  • Trade futures and FOREX
  • Customizable Account Features
  • No Maintenance Fees

Challenges:

  • Few trading products
  • Limited tools and features
  • No mobile capability
  • Higher fees than some
  • Very limited free web trading platform
  • Few educational resources
  • Mutual funds and bonds are not offered
  • Annual IRA Fee: $30
  • Annual Outside Investment IRA Fee: $200
  • High monthly direct access trading platform fees (CobraIQ $125, OmniPr$100,
  • Sterling and RealTick $250)

Customer Service

  • Phone Support
  • Email Support
  • Live Chat Support

Customer Service is one of the most strong points of Cobra Trading. Even though customer service is not present through retail outlets its very essential when it comes to knowing all types of platform that cobra trading offers and wants to explore. Cobra Trading make customer service their number one priority. Each and every call is answered by their knowledgeable, helpful representatives who strive to personally answer each one of your questions.

Trade Types Available

  • Stock Trading
  • Options Trading
  • FOREX Trading
  • Futures Trading

Features

  • Advanced Orders
  • Custom Routing
  • Foreign ADRs
  • Forex
  • Futures / Commodities
  • Futures Options
  • Mutual Funds
  • Smart Order Routing
  • Staged Orders
  • Stock Futures

Trading Platforms:

  • .005/share when you trade 250,000 shares per month
  • .004/share when you trade 250,000+ shares per month
  • All trades have a $1 minimum commission
  • Options: $5 plus $1 per contract
  • Futures: $1/contract per side for 30 days and only $2.50/contract per side after that

Platform fee:

  • CobraOnline: Free
  • CobraIQ: $125 (Full rebate if you trade 75,000 shares in a month)
  • OmniPro:  $100 (Full rebate if you trade 50,000 shares in a month)
  • RealTick: $250 (Full rebate if you trade 200,000 shares in a month)
  • Sterling: $250 (Full rebate if you trade 200,000 shares in a month)

Additional Fee for research:

  • Dow Jones News: $100.00 per month
  • CME Mini Quotes: $25.00 per month
  • CME Full Futures Quotes: $60.00 per month
  • CBT Quotes: $60.00 per month
  • NYMEX Quotes: $60.00 per month

Advantages of Platforms in details

RealTick
RealTick delivers real time market data, news and analytic, sophisticated trading tools, unrivaled access to exchanges and ECNs, and risk management tools to institutions, brokerdealers and individual investors.

Fully Customizable

  • Real-time Data
  • Total-view Windows
  • Charts
  • Multiquote Screens
  • Tickers
  • News Windows
  • Integrated Web Browsers
  • Financial Research
  • Alarms + Alerts
  • Flexible User Interface
  • Addons

OmniPro
Provides financial technology solutions institutional, retail, and automated traders

  • Realtime Charting & over 30 Analytics
  • Realtime Portfolio Balancing
  • Customizable Interface
  • Realtime Profit and Loss
  • Multiple API’s including Excel, HTTP, and FIX
  • Live News from over 30 News Sources
  • Realtime Alerts
  • Complete Risk Management Tools

CobraOnline
Intuitive webbased trading platform for stocks and options.

  • No software fee
  • Dynamic, Real Time customizable charts and Technical indicators
  • Live streaming Level I quotes
  • Real time portfolio management
  • Real time profit and loss
  • Access to your account from any computer
  • No software to download
  • Charting

CobraIQ (InstaQuote)
Comprehensive trading system that integrates realtime trading with powerful analytics, advanced charting and unmatched electronic routing.

  • Equities and options execution
  • Alert windows
  • Basket trading
  • Market, limit, stop and trailing stop orders
  • Dynamically updating P&L and buying power
  • Configurable hot keys
  • Level II and ECN books

Sterling Trader(R) Pro
Multipurpose front-end trading platform that is equipped with a list of distinctive features

  • State of the art fully featured direct access trading platform
  • Advanced charting package included in the Sterling Trader Pro software
  • Advanced highly customizable level II order entry system
  • Window linking and customization for faster market access
  • Real time profit and loss information from the Sterling Trader Pro platform
  • Advanced Pinpoint accuracy for order routing and management

Cyborg Trader
Automate entries and exits, including profit orders, stops, trailing logic, basket trading, spread trading, and automated signal trading with TradeIdeas

  • Highly customized strategy templates
  • Fully automated trading system.
  • Prebuilt algorithms that can be used in any trading strategy

It’s simple to open an Account

  • Complete Application
  • Sign and Submit Your Paperwork sign electronically or print, sign
  • Fund Your Account Funding can be done through a wire, ACH, or check.
  • Start Trading Once the funds reach your account, you will receive an email providing you with log in instructions for your new trading platform

Accounts available

  • Individual
  • Joint
  • Retirement Account
  • Additional Accounts

Bottomline – Cobra Trading is recommended for investors who are looking for Options Trading. CobraPro, CobraOnline, Cobra FX Trader and a handful of futures trading platforms – provides different trading experiences for different styles of trader.

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