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Cobra Trading Fees, Margin Rates, IRA Fees, Interest, Trading Tools Charges for 2012

Cobra Trading Order Fees



ECN's (Electronic Communication Networks) - Routes that internally match buy and sell orders electronically. Orders are generally quicker to execute, but will incur either a charge for removing liquidity or credit your account with a rebate for adding liquidity.

Market Makers - Market makers may make money by trading for clients and their own accounts. These routes are generally slower to execute than ECN's, but typically are free to route to.

ECN Fees


ECN Fees Add Liquidity - Rebate Remove Liquidity - Charge
ARCA $0.002 per share $0.004 per share
ISLD/NASD $0.002 per share $0.003 per share
EDGE $0.0022 per share $0.003 per share

Market Makers


MNGD/PFSI Free Free
VNDM Free Free
FANC Free Free
CITX (NASDAQ/OTC/Pinks/OTCBB) Free Free
CITX (Listed) $0.003 (Charge) $0.003
NITE (NASDAQ/OTC/Pinks/OTCBB) $0.002 (Charge) $0.002
NITE (Listed) $0.002 (Charge) $0.002
VFIN (Pinks/OTCBB) Free Free

Cobra Trading Exchange Routes Fess


NYSE . $0.003 per share
AMEX . $0.005 per share

Options Routes


MLO Standard option rates of $7.99 + $1.00 per contract
CITO Standard option rates of $7.99 + $1.00 per contract
BEL Standard option rates of $7.99 + $1.00 per contract

Cobra Trading Data Fees


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


Cobra Trading Miscellaneous Fees

Emailed Statements FREE
Email Confirms FREE
Check Requests FREE
ACH Transfers FREE
Broker Assisted Trades FREE
Paper confirms $3 per confirm
Paper statements $2 per statement
Certificate Deposits $75 per certificate
Annual IRA Fee $30
Outgoing Wire $20
Outgoing Wire (International) $50
Overnight Delivery (US) $20
Fed Call Extensions $10
Returned Checks $20
ACAT Transfer (outgoing) $50
Annual Outside Investment IRA Fee $200

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Cobra Trading fees are as of 2012 and are subject to change. For most recent information go here:

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