Venom

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.

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.