Strike first with Cobra Trading.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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.

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.