Cobra Trading Review
One might expect a company called Cobra Trading to be aggressive in presenting its services to potential customers. The Cobra Trading website does not disappoint in that regard. “Strike first in the market” is the motto the company appears to live by. In any case, Cobra Trading, Inc. offers futures and forex trading in addition to equities and options trading.
The overall impression one gets from the Cobra Trading website is a “let’s get started” attitude that summarizes the prices and option available for each of the services the company offers to online traders. There seems to be no real need on Cobra Trading’s part to offer any sort of detailed information, such as a company history, about Cobra Trading itself – other than the basic contact information relating to its location in Allen Texas.
It is mentioned on the site that Cobra Trading, Inc. is a member of FINRA, NFA, and SIPC, and clears through Penson Financial Services.
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. Platforms described as direct access include: Cobra IQ for equities and options, OmniPro for a financial technology solution for institutional, retail, and automated traders (black box trading) and Sterling Trader Pro, a multi-purpose front-end trading platform. All platforms are designed to run on Windows 2000 or later PCs.
An excellent FAQ section offers answers to questions such as these:
How do I open an account with Cobra Trading, Inc.
What is the minimum to open an account?
How do I transfer an account to Cobra Trading, Inc.?
How do I fund my trading account?
When can I begin trading?
Support is offered and questions are answered via phone, fax and email. A live chat option is offered on the website itself for more urgent matters. Trading hours are 6:00 am EST thru 8:00 pm EST. Hours of operation are Monday through Friday 7 am to 5 pm CST.
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