Venom Trading

The minimum deposit to open a Venom by Cobra Trading account is $5,000.00 USD. If you are age 25 or younger, the minimum to open an account is $3,000 USD.

You can open an account online by visiting Venom Trading - open an account and completing the account opening process.

You may fund your account by Check, Wire Transfer, ACH transfer from your bank, or Online Bill Pay. You may also instruct Venom to initiate an ACAT or an ACH transfer from your bank.

Yes, Venom by Cobra Trading requires that you are 21 or older to open a margin account. Federal regulations also require that you meet a $2,000 minimum to open a margin-enabled account, along with maintaining Reg T minimums if you actively trade on margin.

Venom desktop is compatible with both PC, Mac, and Linux. Minimum requirements to run Venom Desktop on your PC include Windows Vista, Oracle Java 6, 2.2GHz Intel Core2 Duo Processor, and 2GB Ram. Minimum requirements to run Venom Desktop on your Mac include Mac OSX 10.7, Oracle Java 6, Intel Dual Core Processor, and 2GB Ram. Minimum requirements to run Venom Desktop on Linux is Kernel 2.6, Oracle Java 6, 2.2 GHz Intel Core2 Duo Processor, and 2GB Ram.

Your Venom by Cobra Trading account is insured through Cobra Trading, Inc., member SIPC. Securities customers of SIPC members are protected up to $500,000 (including $250,000 for claims of cash).

Venom by Cobra Trading has implemented procedures to protect your nonpublic personal and financial information. They do not sell, share, or disclose your nonpublic information to nonaffiliated third parties unless permitted or otherwise required by law.

Our hours of operation are Monday through Friday 7:00 am to 4:30 pm CST. However, if you need assistance outside of our normal business hours, you may contact Interactive Brokers at their 24-hour weekday customer service line at 877-442-2757.