Ratings

Overall
Commissions & Fees
Customer Service
Platform & Tools
Research
Ease of Use
Investment Offering
Education
Mobile Trading

Trade Commissions

Equity Trades*	$5.00
Options Fee*	$5.00
Options Contract*	$0.95
Mutual Fund	$25.00
Broker Assisted*	$5.00
Minimum Deposit	$500.00

Account Features

Virtual Trading
No Minimum Deposit
No Maintenance Fees
No-Fee IRAs
Online Trader Community
Investment Education

Cobra Trading Review

Broker Review

Likes - No extra charge for broker assisted trades.

Dislikes - Multiple platforms makes for confusing customer experience; numerous additional fees make platforms expensive and discounted commissions negligible; not designed for casual investors.

Bottom Line - With so many better discount brokers available, Cobra Trading is not a recommended broker to trade with for the casual investor.

Our Cobra Trading 2011 review provides trade platform screenshots, detailed commissions information, and online broker ratings. Compare Cobra Trading to other stock brokers. Also discover how Cobra Trading fared in the most recent StockBrokers.com 2012 Review of Online Brokers as well as the 2012 Barron’s Review of Online Brokers.

Commission Notes

Cobra Trading commissions structure details below. With Cobra Trading it is very important to look at there extra fees for trading which drastically brings up the cost of placing average trades. This includes software fees and access to data. However, if trading only with the standard Venom platform, there are no platform or data fees assessed.

There are four total platforms offered by Cobra Trading: RealTick, CobraIQ, Venom Trader, and Sterling Trader Pro.

Stock Trades - $5.00 flat offered when using the free basic Venom Platform. If going per share there are numerous fees added to the base cost of $.0005 per share ($1 minimum). $.003 per share for NYSE orders, $.005 per share for AMEX, additional fees for ECNs. $100 per month for Dow Jones news, amongst many other platform and quotes fees related to direct access and ECNs.

Options Trades - $5 + $.95 per contract.

Mutual Funds - Mutual funds are offerred but you must call in for the order to be fulfilled. Trades are $25 each.

International Trading - International Trading not currently offered.

Other Investments - Cobra Trading supports futures and forex.

Cobra Trading was reviewed by StockBrokers.com on 2012-02-27 with an overall rating of 3 Stars.

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Highlights

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Cobra Trading Review

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Commission Notes

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