CFD

FundedCobra

Explore available platforms, evaluation programs and payout rules.

Score: 5.8/10
Safety grade: C
Direct funding: Not available

Read full company overview

FundedCobra provides simulated funded trading account paths for traders who want clear rules, account dashboards, support, and payout eligibility review. Traders can choose Instant Funding, 1-Step Evaluation, or 2-Step Evaluation. Instant and 1-Step accounts use 4% static daily loss and 6% maximum loss; 2-Step accounts use 8% static daily loss and 12% maximum loss. Trading runs on the firm's own web-based Cobra Terminal at 1:100 leverage, and the published rulebook carries no consistency rule and no martingale rule.

Profit split80% on Instant accounts (Cobra Venom and Premium Instant) from payout 1; up to 90% on 1-Step and 2-Step evaluations

PayoutsDaily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step)

Platforms

Trading platforms supported by FundedCobra.

Cobra Terminal

Trading platform supported by this firm.

Programs & evaluation

Choose from a range of evaluation programs with flexible profit splits and trading conditions.

Profit split: 80% on Instant accounts (Cobra Venom and Premium Instant) from payout 1; up to 90% on 1-Step and 2-Step evaluations
Programs & evaluation: Multiple programs (see official website)

Premium Instant $10K Account

Account size: $10K
Profit target: 5% withdrawal target
Drawdown model: Static

1-Step Evaluation $10K

Account size: $10K
Profit target: 10% evaluation target
Drawdown model: Static

View all 20 programs

Cobra Venom $5K Instant Account

Account size: $5K
Profit target: 5% withdrawal target
Drawdown model: Static

1-Step Evaluation $5K

Account size: $5K
Profit target: 10% evaluation target
Drawdown model: Static

2-Step Evaluation $5K

Account size: $5K
Profit target: 10% phase 1 target
Drawdown model: Static

Premium Instant $25K Account

Account size: $25K
Profit target: 5% withdrawal target
Drawdown model: Static

1-Step Evaluation $25K

Account size: $25K
Profit target: 10% evaluation target
Drawdown model: Static

2-Step Evaluation $25K

Account size: $25K
Profit target: 10% phase 1 target
Drawdown model: Static

Premium Instant $50K Account

Account size: $50K
Profit target: 5% withdrawal target
Drawdown model: Static

1-Step Evaluation $50K

Account size: $50K
Profit target: 10% evaluation target
Drawdown model: Static

2-Step Evaluation $50K

Account size: $50K
Profit target: 10% phase 1 target
Drawdown model: Static

Premium Instant $100K Account

Account size: $100K
Profit target: 5% withdrawal target
Drawdown model: Static

1-Step Evaluation $100K

Account size: $100K
Profit target: 10% evaluation target
Drawdown model: Static

2-Step Evaluation $100K

Account size: $100K
Profit target: 10% phase 1 target
Drawdown model: Static

1-Step Evaluation $200K

Account size: $200K
Profit target: 10% evaluation target
Drawdown model: Static

2-Step Evaluation $200K

Account size: $200K
Profit target: 10% phase 1 target
Drawdown model: Static

Cobra Venom $1.25K Instant Account

Account size: $1.25K
Profit target: 5% withdrawal target
Drawdown model: Static

Cobra Venom $3.5K Instant Account

Account size: $3.5K
Profit target: 5% withdrawal target
Drawdown model: Static

Cobra Venom $0.5K Instant Account

Account size: $0.5K
Profit target: 5% withdrawal target
Drawdown model: Static

Cobra Venom $9K Instant Account

Account size: $9K
Profit target: 5% withdrawal target
Drawdown model: Static

Payouts & rules

Get paid daily (cobra venom), weekly (premium instant and 1-step), bi-weekly (2-step) with a variety of methods and clear rules.

Payouts: Daily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step)
Payout frequency note: Payout cadence is set per account path, not firm-wide; every request is reviewed against the account's withdrawal target, drawdown status and account checks.

Payout rules

Notes: Withdrawal target is 5% on Cobra Venom and Premium Instant. 1-Step requires the 10% evaluation target, 2-Step requires 10% phase 1 then 5% phase 2. 1-Step and 2-Step funded accounts must trade on at least 3 separate days in the funded stage before requesting a payout; Instant accounts have no minimum. The evaluation fee is refunded at the 3rd payout, not the first. Minimum withdrawal amount is shown only in the trader's dashboard rules panel, not published publicly. Payouts can also be delayed or declined by a hedging breach, a manual sub-60-second close, or open trades losing more than 1.5% of the account at once (accounts opened from 20 August 2026).
Proof Note: Identity, payout method and payment-provider checks may be required before release. Trade history, account status and payout readiness are checked before processing.
Profit split: 80% from payout 1 on Cobra Venom and Premium Instant; up to 90% on 1-Step and 2-Step
Payouts: Daily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step)
Payout Schedule Note: Cobra Venom: daily requests when eligible. Premium Instant: weekly requests when eligible. 1-Step: weekly after evaluation and checks. 2-Step: bi-weekly after evaluation and checks.
Consistency For Payout: No consistency rule. A single trade counts toward at most 60% of the withdrawal target; profit above the cap is removed when the trade closes and never breaches the account.
Min Trading Days For Payout: 3
Fee Refunded On First Payout: No

Trading rules

Notes: Rulebook in force for accounts opened on or after 20 August 2026 (Terms section 8A): no hedging; combined open unrealised loss across all positions may not reach 1.5% of the account starting balance, assessed live on equity; a position closed manually under 60 seconds breaches, while a take-profit or stop-loss closing under 60 seconds is warned four times before the fifth breaches. This replaced the 2% realised single-trade loss rule (section 6A) that applied to accounts bought between 19 July 2026 and 20 August 2026. Accounts opened earlier keep the rulebook in force when they were opened. Max profit per trade: a single trade counts toward at most 60% of the applicable target. Trading hours 24/5. Spreads are variable and floating, never fixed, with no maximum guaranteed. Commission $3.00 per lot round-turn.
Max Leverage: 1:100
Hedging Allowed: Not allowed
Daily Loss Reset: The daily loss floor is fixed once at the start of each trading day (00:00 UTC) from equity at that moment. It does not move during the day and re-anchors at the next 00:00 UTC reset.
Martingale Allowed: Allowed
Min Trade Duration: 60 seconds
Stop Loss Required: No
Allowed Instruments: Forex, commodities, indices and cryptocurrencies
Copy trading allowed: Not allowed
Drawdown Type Funded: Static, equity-based, measured from the account's initial or cycle starting equity
News Trading Allowed: Allowed
Drawdown Model Funded: static
Ea Automation Allowed: Not allowed
Prohibited Strategies: High-Frequency Trading (HFT); Expert Advisors and automated trading; hedging (holding a buy and a sell on the same instrument at the same time) on accounts opened on or after 20 August 2026; exploitative execution limited to trading on stale or frozen quotes, latency or feed-lag exploits and deliberate abuse of platform errors.
Consistency Rule Funded: None
Drawdown Type Challenge: Static, equity-based, measured from the starting balance
Weekend Holding Allowed: Allowed
Drawdown Model Challenge: static
Consistency Rule Challenge: None

What stands out

Published advantages and trade-offs to review before choosing a program.

Key benefits

No consistency rule on any account path. Static (non-trailing) drawdown measured from the starting balance. Daily payout requests on Cobra Venom accounts. Martingale, grid, news trading, weekend holding and partial closes are all explicitly permitted. Entry from a $14 one-time fee. Every rule that can breach an account is published on a single rules page.

Things to consider

Expert Advisors and automated trading are prohibited; trading must be placed manually and copy trading is reviewed before payout. On accounts opened from 20 August 2026 hedging the same instrument is prohibited and open trades losing more than 1.5% of the account at once breach it. A single trade counts toward at most 60% of the withdrawal target, so profit above that cap is removed at close. The firm publishes no legal entity, registered address or jurisdiction anywhere on its site. The TrustPilot profile is unclaimed and carries payout-denial complaints alongside its positive reviews.

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