FundedCobra vs IQ Capital: Head-to-Head Comparison (2026)
Verdict: Who Wins?
IQ Capital
5 wins
Decisive Win
Best For:
IQ Capital
Visual Comparison
Head-to-Head Comparison
| FundedCobra | Metric | IQ Capital |
|---|---|---|
| 5.8/10 | PFM Score | 6.4/10 ★ |
| 3.5/5 (39) | TrustPilot | 4.7/5 (474) ★ |
| C | Safety Grade | B ★ |
| 42.5 D | Trust Score | 57.9 C ★ |
| 80% on Instant accounts (Cobra Venom and Premium Instant) from payout 1; up to 90% on 1-Step and 2-Step evaluations ★ | Profit Split | 90% |
| 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) | Daily Drawdown | No daily loss limit on Crypto and CFD plans; Futures Daily-Loss-Limit plans carry $1,000 ($50K) or $1,500 ($100K) |
| Daily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step) | Payout Frequency | Every 10 days |
| $14 ★ | Starting Price | $36 |
| Proprietary | Technology | White-Label |
| Cobra Terminal | Platforms | MT5, Quantower, Atas, Volumetrica, DeepCharts |
| No | Direct Path to Funded | No |
| Jurisdiction not disclosed | Country | Saint Lucia |
| - | Established | - |
| 20 options | Challenge Options | 17 options |
Price Comparison by Account Size
Cheapest challenge price at each account size (where both firms offer the same size)
| Account Size | FundedCobra | IQ Capital | Savings |
|---|---|---|---|
| $50K | $176 | $36 ★ | Save $140 |
| $100K | $293 | $60 ★ | Save $233 |
| $200K | $535 | $200 ★ | Save $335 |
FundedCobra vs IQ Capital: Detailed Analysis
FundedCobra and IQ Capital are both CFD firms.
Pricing
In terms of pricing, FundedCobra is more affordable with challenges starting at $14, which is $22 less than IQ Capital's starting price of $36. FundedCobra offers 20 challenge options, while IQ Capital offers 17.
Account Sizes
On account sizing, FundedCobra offers account sizes from $5 to $200 across 9 funding tiers, while IQ Capital offers account sizes from $50 to $200 across 3 funding tiers. Picking the right tier matters because both the entry cost and the maximum capital you can scale to are tied to the account size you start with.
Trading Platforms
For trading platforms, FundedCobra supports Cobra Terminal, while IQ Capital runs on MT5, Quantower, Atas, Volumetrica and DeepCharts. If you already trade on a specific platform, this can be the deciding factor between the two.
Profit Split & Payouts
FundedCobra offers 80% on Instant accounts (Cobra Venom and Premium Instant) from payout 1; up to 90% on 1-Step and 2-Step evaluations profit split, while IQ Capital offers 90%. FundedCobra pays out Daily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step), and IQ Capital pays out Every 10 days.
Risk & Drawdown Rules
Risk rules are a key difference for funded traders: FundedCobra lists its daily drawdown as "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)", while IQ Capital lists "No daily loss limit on Crypto and CFD plans; Futures Daily-Loss-Limit plans carry $1,000 ($50K) or $1,500 ($100K)". Always confirm the drawdown type before buying, since a trailing rule behaves very differently from a static end-of-day one.
Payout Methods
IQ Capital supports withdrawals via Crypto, Bank Wire and USDC.
Trust & Safety
For trust and reputation, FundedCobra has a 3.5/5 TrustPilot rating with 39 reviews, while IQ Capital has 4.7/5 with 474 reviews. Safety grades: FundedCobra C, IQ Capital B.
Who Should Choose Which
So who should pick which? FundedCobra is the stronger choice for budget-conscious traders and fast payouts, while IQ Capital is the better fit for trust & reputation.
Overall, IQ Capital edges ahead winning 5 out of 7 categories we compared. However, the best choice depends on your specific needs - both firms have their strengths.
Pros & Cons
Pros
Cons
IQ Capital
Pros
Cons
Active Deals & Promo Codes
IQ Capital
Frequently Asked Questions
Which is better, FundedCobra or IQ Capital?
IQ Capital scores higher overall, winning 5 out of 7 comparison categories including Overall Rating, TrustPilot, Safety Grade. However, the best choice depends on your trading goals and priorities.
Which is cheaper, FundedCobra or IQ Capital?
FundedCobra has the lower starting price at $14. FundedCobra offers 20 challenge options starting from $14, while IQ Capital offers 17 options starting from $36.
Which has better reviews, FundedCobra or IQ Capital?
IQ Capital has a higher TrustPilot rating of 4.7/5. FundedCobra has 39 reviews while IQ Capital has 474.
Which offers a higher profit split, FundedCobra or IQ Capital?
FundedCobra offers a higher maximum profit split. FundedCobra offers 80% on Instant accounts (Cobra Venom and Premium Instant) from payout 1; up to 90% on 1-Step and 2-Step evaluations while IQ Capital offers 90%.
How fast do FundedCobra and IQ Capital pay out?
FundedCobra has Daily (Cobra Venom), Weekly (Premium Instant and 1-Step), Bi-weekly (2-Step) payouts while IQ Capital offers Every 10 days payouts. Payout speed can be an important factor when choosing a prop firm.
Are FundedCobra and IQ Capital legit?
Both firms have been independently verified by PropFirmMap. FundedCobra holds a C safety grade and a 3.5/5 TrustPilot rating. IQ Capital holds a B safety grade and a 4.7/5 TrustPilot rating. Safety grades are based on payout history, community trust signals, and regulatory transparency.
Which is better for beginners, FundedCobra or IQ Capital?
FundedCobra may be more accessible for beginners due to its lower entry price. When starting out, consider challenge cost, drawdown rules, and profit split. Use the comparison table above to find which firm fits your experience level and risk tolerance.
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