5
Pro Conference
Cobra Trading
80
AI Score out of 99
Score Breakdown
Platform Snapshot
Stocks Commission
$0.004/share (min $0.99)
Options Commission
$0.60/contract
Futures Commission
N/A
Minimum Account
$30,000
Margin Rate ($10K)
7.75%
Margin Rate ($100K)
6.75%
PDT Handling
$25K required — platform requires $30K minimum
Short Locate
Industry-best — dedicated locate desk with hard-to-borrow access
Mobile Rating
3.2 / 5.0
SIPC Coverage
Yes ✓
Pros & Cons
Strengths
Best short locate in industry
Per-share pricing
Personal broker support
Weaknesses
High minimum balance
No futures or options on futures
Limited mobile trading
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