One of the worst companies to deal…
One of the worst companies to deal with. Their customer service, one of their staffs by the name of Michael, is the most arrogant fellow you will ever encounter.
Secondly, they don't offer very good terms for trading. After I closed the account, I moved to Alpaca Markets; they give a very good interest rate for uninvested funds.
Cobra charges almost $300 a month for their API trading, and it is very unstable. I am now using Alpaca, and it is given to me for free. With my account size, total saving a month is almost US$500 a month. If I consider the account interest income and the terminal fee + API fee. Also, to highlight, Alpaca Market gives me free Market live and historical data after I put up more than US$100,000 (I moved it from Cobra to Alpaca) with them.
Lastly, why pay commission when there are so many brokerages that are giving zero commission nowadays?
Urge all customers of Cobra to move over to Alpaca







