FundedCobra
Composite Trust Score
Multi-source aggregate of every verified trust signal we hold on FundedCobra. Methodology →
Distrusted - multiple negative signals; treat with extreme caution.
| Price | Account Size | Account Name | Profit Target | Max Daily Loss | Max Drawdown | Profit Split | Activation Fee | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| $229 $183.2 | $10K Instant | Premium Instant $10K Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Weekly when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $65 $59 | $10K 1 Step | 1-Step Evaluation $10K | P1: 10% evaluation target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | Up to 90% | Payout requests: Weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $139 $83 | $5K Instant | Cobra Venom $5K Instant Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Daily when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $42 $38 | $5K 1 Step | 1-Step Evaluation $5K | P1: 10% evaluation target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | Up to 90% | Payout requests: Weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $36 $32 | $5K 2 Steps | 2-Step Evaluation $5K | P1: 10% phase 1 target P2: 5% phase 2 target | P1: 8% static daily loss (equity-based) P2: 8% static daily loss (equity-based) | P1: 12% maximum loss (static, equity-based) P2: 12% maximum loss (static, equity-based) | Up to 90% | Payout requests: Bi-weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $599 $479.2 | $25K Instant | Premium Instant $25K Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Weekly when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $137 $123 | $25K 1 Step | 1-Step Evaluation $25K | P1: 10% evaluation target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | Up to 90% | Payout requests: Weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $129 $116 | $25K 2 Steps | 2-Step Evaluation $25K | P1: 10% phase 1 target P2: 5% phase 2 target | P1: 8% static daily loss (equity-based) P2: 8% static daily loss (equity-based) | P1: 12% maximum loss (static, equity-based) P2: 12% maximum loss (static, equity-based) | Up to 90% | Payout requests: Bi-weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $799 $639.2 | $50K Instant | Premium Instant $50K Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Weekly when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $232 $209 | $50K 1 Step | 1-Step Evaluation $50K | P1: 10% evaluation target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | Up to 90% | Payout requests: Weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $195 $176 | $50K 2 Steps | 2-Step Evaluation $50K | P1: 10% phase 1 target P2: 5% phase 2 target | P1: 8% static daily loss (equity-based) P2: 8% static daily loss (equity-based) | P1: 12% maximum loss (static, equity-based) P2: 12% maximum loss (static, equity-based) | Up to 90% | Payout requests: Bi-weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $999 $799.2 | $100K Instant | Premium Instant $100K Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Weekly when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $367 $330 | $100K 1 Step | 1-Step Evaluation $100K | P1: 10% evaluation target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | Up to 90% | Payout requests: Weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $325 $293 | $100K 2 Steps | 2-Step Evaluation $100K | P1: 10% phase 1 target P2: 5% phase 2 target | P1: 8% static daily loss (equity-based) P2: 8% static daily loss (equity-based) | P1: 12% maximum loss (static, equity-based) P2: 12% maximum loss (static, equity-based) | Up to 90% | Payout requests: Bi-weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $659 $593 | $200K 1 Step | 1-Step Evaluation $200K | P1: 10% evaluation target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | Up to 90% | Payout requests: Weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $594 $535 | $200K 2 Steps | 2-Step Evaluation $200K | P1: 10% phase 1 target P2: 5% phase 2 target | P1: 8% static daily loss (equity-based) P2: 8% static daily loss (equity-based) | P1: 12% maximum loss (static, equity-based) P2: 12% maximum loss (static, equity-based) | Up to 90% | Payout requests: Bi-weekly after evaluation and checks. Evaluation fee refunded at the 3rd payout. | Details | |
| $47 $28 | $1.25K Instant | Cobra Venom $1.25K Instant Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Daily when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $105 $63 | $3.5K Instant | Cobra Venom $3.5K Instant Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Daily when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $24 $14 | $0.5K Instant | Cobra Venom $0.5K Instant Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Daily when eligible. Evaluation fee refunded at the 3rd payout. | Details | |
| $235 $141 | $9K Instant | Cobra Venom $9K Instant Account | P1: 5% withdrawal target | P1: 4% static daily loss (equity-based) | P1: 6% maximum loss (static, equity-based) | 80% | Payout requests: Daily when eligible. Evaluation fee refunded at the 3rd payout. | Details |
Main 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.
Main Drawbacks
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.
Reviews
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Cobra Terminal
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.
Amounts
Requirements
Additional payout 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).
Source: firm payout terms
General rules (apply to challenge & funded)
See how these rules compare against every other firm in the prop firm rules comparison.
Challenge vs Funded
Drawdown & risk
Challenge lifecycle
Instruments & restrictions
Additional rules
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.
Source: firm rules page
Needs Improvement
Strengths
- Very affordable challenges (from $14)
- High profit split (up to 90%)
- Fast payouts (Daily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step))
- Static drawdown (easier to manage)
Weaknesses
- Limited platform choice (1 platform)
Recommended For
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FundedCobra Overview
FundedCobra funds CFD traders through a paid evaluation. It offers 20 evaluation challenges, the cheapest entry costing $14.
Its $14 entry price undercuts the $42 median across the 119 CFD firms tracked on PropFirmMap, which puts FundedCobra at the cheaper end of the market. The 90% maximum profit split matches the 90% typical of that group.
FundedCobra pays out a profit split of 80% on Instant accounts (Cobra Venom and Premium Instant) from payout 1; up to 90% on 1-Step and 2-Step evaluations on funded accounts. Payouts run on a Daily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step) cycle (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.). The drawdown rule to respect is: 4% static daily loss on Instant and 1-Step accounts; 8% static daily loss on 2-Step accounts (equity-based, fixed at 00:00 UTC) Accounts can be traded on Cobra Terminal.
Public sentiment on TrustPilot sits at 3.9 out of 5 across 25 reviews.
Registration and regulatory details on file: https://fundedcobra.com/compliance and medium.
FundedCobra FAQ
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