Cobra Trading Binary Option Broker
| Company: | Cobra Trader |
|---|---|
| Maximum Trade: | |
| Minimum Trade: | |
| Minimum Deposit: | $5,000 |
| Withdrawal Fees: | No |
| Minimum Withdrawal: | No |
| Bonus: | |
| Payout: | 75-85% |
| Account Currencies: | USD |
| Currency Pairs: | |
| Tradeable Asset: | Forex, Indices, Stocks and Commodities |
| Trading Platform: | Cobra IQ, OmniPro, CobraOnline, RealTick, Sterling Trader Pro, Cyborg Trader, OmniTrader, Ninja Trader |
| Trading Instruments: | One Touch, 60 Seconds, Standard Binary option |
| Established: | 2000 |
| Licenses: | NFA (USA), FINRA, SIPC and also clears through Pension Financial Services |
| Location: | |
| Regulation Status: | Well regulated |
| Payment Methods: | Credit Cards, Wire Transfers and Western Union |
| Ratings | |
| Trading Plarform: | 4.8/5 |
| Website: | 4.5/5 |
| Banking: | 4.8/5 |
| Customer Service: | 4.8/5 |
| Bonuses: | 4.5/5 |
| Customer Experience: | 4.6/5 |
| Overall Score: | 4.8/5 |
| Assets: | 5 out of 5 |
| Reliability: | 5 out of 5 |
| Charting: | |
| Withdrawal: | 4.8/5 |
Cobra Trading binary option broker is considered to be the best broker in terms of customer service. This is why when you register with Cobra Trading, you will not find a single automated phone call or you will not have to wait in long queues for phone to be answered. The company was founded in the year 2000 and is regulated by NFA in United States of America. They offer to their customers a host of trading platform and the traders are spoilt for choice. Cobra Trading Inc. is an old player of the financial market and allows trading in forex and futures in addition to options and equities trading.
Cobra Trading offers to its customers a number of trading platforms like Cobra IQ, OmniPro, CobraOnline, RealTick, Sterling Trader Pro, Cyborg Trader, Omni Trader and Ninja Trader. With so many platforms to choose from the Cobra Trading is definitely a craze among the traders. The trading platform offered by them is completely web-based and does not require any download or installation. They have a number of trading platform that are described as direct access and include CobraIQ for equities and option, OmniPro for financial technology solutions for retail, institutional and automated traders. The Sterling Trader pro is a multi-purpose front-end trading platform.
The minimum deposit required to open an account with Cobra Trader is $5000 which is way too high when compared to several other binary option brokers in the market. Though they are registered with NFA in US they do not allow traders from United States to trade from their account. They do not have any commission on the trading done on forex, stocks, futures, options and binary options. They do not have any roll over fee and margin interest. The best of all is that they do not have any withdrawal fees and hence making withdrawal an easy process. They also have demo account for their customers and hence allows trader to make informed decision. Many binary option brokers have depositing fees, however, there is no depositing fees with Cobra Traders.
The customer support service as mentioned before is one of the best in the industry. Their service is available only in English and the same can be availed via phone, email and live chat. The email response time is a bit long and it takes more than a week. They do not offer any personal manager to take care of the trading accounts. They also do not entertain telephone orders. They have the facility of email alerts but mobile alert facility is not provided. They have an excellent FAQ section which answers most of the queries of the traders and is also regularly updated. With so many binary option companies in the market, Cobra Trader with some of its excellent trading feature is definitely worth giving a try.