Venom Trading Broker Review 2025

Venom Trading is an American brokerage established in 2004. This Broker offers only one account [IRA] with $5000 minimum deposit! Because of SEC license, Maximum forex leverage in this broker is 1:4 and you can use it to trade equities, options, futures and forex.

Venom Trading operates under strict SEC, FINRA and NFA oversight, providing strong regulatory security. Client assets are protected through SIPC, ensuring compensation up to $500,000, including $250,000 for cash holdings in the event of broker failure.

Venom Trading Company Information & Regulation

Venom Trading, a subsidiary of the well-established Cobra Trading Inc., has quickly made a name for itself in the world of online brokerage.

Venom Trading is an American company launched in 2004 and registered by SEC

This forex broker run by CEO “Chadd Hessing” and offers a smorgasbord of financial instruments, including equities, options, futures, and forex market. 

Venom Trading operates under top-tier regulatory supervision, offering clients a strong level of financial protection. The brokerage is registered with the U.S. Securities and Exchange Commission (SEC) and is also a member of FINRA and NFA.

Client funds are protected under the Securities Investor Protection Corporation (SIPC), ensuring compensation up to $500,000, including $250,000 for cash holdings in the event of broker failure.

As with all top-tier brokers, Venom Trading is required to segregate client funds from its own operational capital. This structural safeguard ensures that clients' deposits remain safe, even in adverse scenarios such as company insolvency.

Here are what you need to know about Venom Trading:

Summary of Specifications

Let's dive into the nitty-gritty of what Venom Trading has to offer as a broker in the biggest financial market of the world:

What Are Venom Trading Account Types?

Simplicity is the name of the game when it comes to Venom Trading's account structure. Unlike some brokers more than one account types, Venom Trading keeps it refreshingly straightforward with just one live “IRA” account option. Venom IRA account features:

• Minimum deposit: $5,000 ($3,000 for traders under 25)
• Instruments: Access to all available instruments (equities, options, forex, futures)
• Extended trading hours: 6 am – 8 pm EST
• Leverage: Up to1:4
• Commission: 0.20bps per trade value

This one-size-fits-all approach means you don't have to worry about missing out on features or getting stuck with an account that doesn't meet your needs.

What Are Venom Trading Advantages and Disadvantages?

As with any broker, Venom Trading has its pros and cons. Let's break them down:

Despite these minor drawbacks, Venom Trading stands out as a solid choice for active traders who crave powerful tools and competitive pricing.

Venom Trading Broker Sign Up: Easy Registration Guide!

Getting started with Venom Trading is a secure and straightforward process designed for traders in regulated financial markets. The platform ensures compliance with KYC and AML protocols, making the onboarding experience seamless.

Whether you're interested in forex, stocks, or cryptocurrency, the account setup ensures full access to the platform’s core tools and features.

#1 Initiate Registration

Head to the official Venom Trading website and click on “Open An Account” to launch the onboarding process.

#2 Enter Basic Information

Fill in your email, username, password, and select your country of residence. Make sure the email you provide is valid, as it will be used for verification.

#3 Verify Your Identity

Upload essential documents including proof of identity (e.g., passport or ID card) and proof of address (e.g., utility bill or bank statement).

#4 Await Approval

Your documents will be reviewed. Account approval typically takes up to two business days.

#5 Fund Your Account

Once approved, choose from supported deposit methods to fund your trading account and access the Venom Trading platform.

Does Venom Offers its Proprietary Platform?

Venom by Cobra Trading understands that modern traders need flexibility, which is why they launched their proprietary platform:

Venom Mobile

Perfect for traders on the go, this iOS and Android app lets you monitor assets and execute trades from your smartphone or tablet.

Venom Desktop

The heavyweight champion of Venom's platform lineup, this downloadable software packs a punch with its customizable layout and advanced features.

Venom Web

For those who prefer a no-fuss, browser-based solution, Venom Web delivers a clean interface without sacrificing functionality.

Although these platforms offer real-time data, advanced charting tools, and one-click trading capabilities but MetaTrader 4, MetaTrader 5 and cTraders are the industry standard platforms and you can’t use them in Venom.

Spreads and Commissions

As we mentioned earlier in the Venom Trading Review article, one of the weaknesses of this broker is the lack of information in some areas, including the spread.

Thus, there is no information about their spread rate, but you can see the commission fee in the bullet points below. 

Venom Trading Commissions:

• Equities: $0.004 per share (minimum $1 per trade)
• Options: $0.75 per contract
• Futures: $1.25 per contract per side
• Forex: 0.20 basis points (bps) per trade value (minimum $2 per trade)

Swap Fee at Venom Trading

Unlike offshore or non-U.S. Forex brokers, Venom Trading does not apply a classic swap that is charged after a specific rollover time such as 5:00 PM New York.

As an SEC and FINRA-regulated broker-dealer, Venom provides access to equities, options, futures, and limited forex through institutional liquidity, where overnight costs are based on margin-loan interest, not pip-based swap rates.

Non-Trading Fees at Venom Trading

Venom charges a variety of non-trading fees for services beyond simple trade execution including quarterly fees for IRA accounts, transfer-related charges, withdrawal fees, and occasionally “exposure fees” for high-risk portfolios.

Below is a summary of the most relevant official costs and rules:

• $7.50 quarterly fee applies to IRA accounts (charged by the trustee each calendar quarter);
• First withdrawal in a calendar month is free; subsequent withdrawals incur a fee (e.g. USD 10 for wire, USD 4 for check, USD 1 for ACH/EFT);
• Some accounts with particularly risky positions may be subject to a daily exposure fee, calculated via the broker’s internal risk analysis model;
• DWAC withdrawals cost USD 100 per settled transaction; DRS deposit or withdrawal may incur USD 25 (deposit) or USD 5 (withdrawal) per transaction;
• If in a given month commissions are below the required minimum, the account is charged the difference as a fee.

What Are the Payment Methods of Venom Trading Broker?

Venom Trading offers a variety of options for moving money in and out of your account:

• Check
• Wire transfer
• ACH transfer from your bank
• Online bill pay

Noticed the difference? Unlike many brokers such as Intertrader, FxPro or Exness, you can’t use modern payment methods [PayPal, Crypto, VISA, MasterCard, etc] in this broker.

Deposit Methods at Venom Trading

Venom supports several bank-oriented deposit methods for funding your trading account.

These include traditional transfers, mailed checks and special online bank payments. Each method has its own minimum, processing time, and conditions.

Here is a clear overview of the official deposit methods:

Note: Venom also supports account or position transfers via ACATS, DWAC or DRS, primarily for securities, with specific fees, separate from standard cash deposits.

Withdrawal Methods at Venom Trading

Venom Trading offers a structured withdrawal policy for all clients, ensuring clarity on fees and processing.

Each account is allowed one free withdrawal per calendar month, with clearly defined charges for additional withdrawals depending on the method.

Below is a summary of official withdrawal methods and conditions:

Note: Venom also supports securities or account position transfers via ACATS, DWAC or DRS, each with specific fees, which are separate from standard cash withdrawals.

Is Copy Trading Available?

As of the time of this review, Venom Trading does not offer copy trading or social trading features. Their focus is primarily on providing a robust platform for self-directed trading across multiple asset classes.

What Instruments Can I Trade in Venom Trading?

Venom by Cobra Trading offers a comprehensive suite of tradable markets, all accessible from a single integrated platform:

Venom Trading empowers traders with seamless access to multiple asset classes, combining U.S. equities, options, futures, and forex in a single platform for efficient, diversified trading.

Does Venom Trading Offer Bonuses and Promotions?

Venom Trading does not offer any bonuses or promotions. While this might seem like a downside, it's worth noting that many reputable brokers avoid offering bonuses due to regulatory constraints and a focus on providing value through competitive pricing and quality services rather than promotional gimmicks.

Venom Trading Awards

Venom Trading briefly mentions awards on its official homepage, citing a single recognition: “Best in Class for Professional Trading”, based on 4,544 data points over six months compared with peer broker/dealers. No further awards or detailed disclosures are provided.

Customer Support

Venom Trading takes customer support seriously and it’s one of their pros; They offer multiple channels for clients to get in touch:

• Indoor meetings: at their office in Carrollton, TX
• Phone Call: Toll-free (877-792-6272) and direct (972-491-7999)
• Email: info@cobratrading.com
• Ticket system: Available in the website
• Fax: 972-491-3111

Their support team is available Monday to Friday, from 7AM to 4:30PM (presumably Central Time, given their Texas location). Although they are not available 24/7 but support team performance is so good and they answer the questions without delay.

List of Venom Trading Restricted Countries

While Venom Trading caters to a wide range of traders, it's important to note that they may have restrictions on accepting clients from certain countries due to regulatory requirements.

Thus, they do not accept foreign accounts that are prohibited by U.S Office of Foreign Assets Control; In order to do so, some of the restricted countries are:

• Iran
• Russia
• North Korea
• Syira
• Lebanon
• Yemen
• Iraq

Venom Trading Broker Trust Scores

Venom Trading doesn't yet have a significant presence on major review platforms like Trustpilot or ForexPeaceArmy. This lack of trust scores might be a red flag for some of the traders. If it changed in the future, we will update this page to inform you.

Educational Resources on Venom Trading

Venom Trading demonstrates a commitment to traders’ education through a variety of resources:

• Courses on topics like short selling, technical analysis, and options pricing
• Product tours covering the basics of their trading platforms
• Recorded webinars for in-depth learning
• Quickstart guides to help new users to speed up

These educational materials are designed to benefit both novice and experienced traders, helping them make the most of Venom Trading's platforms and services.

Venom Trading Vs. Other Brokers

Venom Trading does not perform as well as other brokers; the table below compares this broker to other competitors:

TradingFinder Expert Conclusion and Final Words

Venom Trading offers low commission [0.20 basis points for forex e.g] and has its own proprietary trading platform for desktop, mobile and web. On the other hand, it does not offer some features such as copy trade, high leverage, and deposit bonuses.