Introducing Brokers for Wedbush clearing

chictrader · Sep 5, 2012

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.

1245 · Sep 5, 2012

Quote from chictrader:

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?

chictrader · Sep 6, 2012

Quote from 1245:

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.

GOOG1492 · Sep 6, 2012

Min PM account size at Wedbush is $1m.

Great Point Capital does retail daytrading accounts through Wedbush.

1245 · Sep 6, 2012

Quote from GOOG1492:

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

OnClose · Sep 7, 2012

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

jumper · Apr 17, 2013

Any other opinions on them?

Llxa · Jun 22, 2015

western said:
Can anyone provide me with names of introducing brokers that clear through wedbush securities? I'm looking to open a retail account.

I currently only know of capstone and legend securities.

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

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

DarthSidious · Jun 30, 2015

http://www.deepdiscounttrading.com/

Daal · Jul 29, 2015

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