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Cobra Trading

Per-share (day-trader oriented) stock commission · options

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Key capabilities

Commission
Per-share (day-trader oriented)
Fractional shares
No
Extended hours
Yes
Overnight (24/5)
No
Options
per-contract
OTC access
5/5 full, 0/5 limited
Penny-stock surcharge
Per-share
Short locate
best

OTC market access by tier

OTC Markets organises non-exchange-listed securities into five tiers by disclosure quality. Cobra Trading’s coverage:

  • OTCQXFull
  • OTCQBFull
  • Pink CurrentFull
  • Pink LimitedFull
  • Grey MarketFull

Notes

Active-day-trader oriented. Hard-to-borrow inventory for shorting small-caps.

Frequently asked

What does Cobra Trading charge for stock trades?
Per-share (day-trader oriented) on stocks, with a per-share penny-stock surcharge.
Does Cobra Trading offer fractional shares?
No. Cobra Trading only supports whole-share orders for individual stocks.
Does Cobra Trading have 24-hour trading?
No. Cobra Trading supports regular market hours and pre/post-market, but not 24/5 overnight trading.
Can I trade penny stocks and OTC names on Cobra Trading?
Yes — full access to all five OTC tiers (OTCQX, OTCQB, Pink Current, Pink Limited, Grey).
What does Cobra Trading charge for options?
per-contract per contract.

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