Venom Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-15 16:41

Abstract：Registered in the United States, Venom is a brokerage company specializing in stocks, options, futures, and forex. The company was launched to provide a trading platform with no software fees, $5000 minimum accounts, and trading tools. Clients can access a copy of the Venom Desktop demo. Stocks are priced at $0.004 per share with a minimum of $1; options are priced at $0.75 per contract; futures are priced at $1.25 per side; and forex is priced at 0.20 basis points x transaction value with a minimum of $2.

VenomReview Summary
Founded	2011-06-03
Registered Country/Region	United States
Regulation	Unregulated
Market Instruments	Stocks/Options/Futures/Forex
Demo	✅
Trading Platform	Venom(Desktop/Web/Mobile)
Min Deposit	$5000($3000 for 25 years of age or younger)
Customer Support	Phone: 877-792-6272/877-442-2757(24-hour)/972-491-7999
	Fax: 972-491-3111
	Email: info@cobratrading.com
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Venom Information

　　Registered in the United States, Venom is a brokerage company specializing in stocks, options, futures, and forex. The company was launched to provide a trading platform with no software fees, $5000 minimum accounts, and trading tools. Clients can access a copy of the Venom Desktop demo. Stocks are priced at $0.004 per share with a minimum of $1; options are priced at $0.75 per contract; futures are priced at $1.25 per side; and forex is priced at 0.20 basis points x transaction value with a minimum of $2.

Is Venom Legit?

　　Venom is not regulated, even though it claims to be a member of FINRA, NFA, and SIPC. However, an unregulated broker is not as safe as a regulated one.

Trading Platform

　　Venom Trader is available for Desktop, Web, and Mobile. Venom desktop is compatible with both PC, Mac, and Linux. Venom Mobile is available for iOS or Android.

Trading Platform	Supported	Available Devices	Suitable for
Venom Trader	✔	Desktop/Web/Mobile	All traders

Deposit and Withdrawal

　　The minimum deposit for a Venom by Cobra Trading account is $5000. For those 25 years of age or younger, the minimum deposit to open an account is $3000. Clients can fund their accounts via check, wire transfer, bank ACH transfer, or online bill pay.