Introducing Brokers for Wedbush clearing

I'm told that Cobra Trading is now officially clearing Wedbush. I spoke with Dan at Cobra and he said that it is only being offered for active trading accounts however.

 

What is this minimum account size for PM?

 

I'm not sure, I just have a regular retail trading account. Might have to call Cobra.

 

Min PM account size at Wedbush is $1m.

Great Point Capital does retail daytrading accounts through Wedbush.

 

That's what I thought. I'm not sure if that gives you full OCC PM margin, or risk adjusted for under $5M

 

Anyone trade with Cobra? They're not mentioned much around here and I'm interested if the company is trustworthy/ dependable.

 

Any other opinions on them?

 

They seem to have signed up Lightspeed trading as their IB.

http://globenewswire.com/news-relea...ing-Relationship-with-Lightspeed-Trading.html

 

http://www.deepdiscounttrading.com/

 

Centerpoint Securities $40-$50K min
tell them that Fernando sent you and they might lower your minimum