Is FundedCobra legit? How to check it yourself before you pay

We wrote this page, so do not take our word for it. Each claim below comes with a way to check it, including numbers that do not flatter us.

Who runs FundedCobra and where the company is registered

FundedCobra is the trading name of FUNDEDCOBRA LTD, a private limited company registered in England and Wales under company number 17464334.

The company was incorporated on 17 September 2026. Its registered office is 128 City Road, London, EC1V 2NX, United Kingdom. You can look this up for free on the Companies House record.

Be clear about what this proves and what it does not.

• It proves that a real legal company exists, with a public address, and that it is responsible for the business.
• It does not prove that anyone has checked the product, approved the rules or promised payouts. Companies House is a register of companies. It is not a financial regulator.

The company is also young. It was registered in September 2026, so it does not have years of history behind it. That is a fair thing to weigh. For support, write to [email protected].

What FundedCobra sells: simulated accounts, not a broker

FundedCobra sells simulated trading accounts with fixed rules, and pays rewards from its own funds when a trader meets those rules.

• You pay a one-time fee for an account. You do not deposit trading money.
• Your trades run on a simulated account priced from live market data. They are not sent to a real market.
• FundedCobra is not a broker. It holds no client deposits.
• You trade on our own platform, Cobra Terminal,, in a web browser on phone or desktop at trade.fundedcobra.com.
• When you meet the payout rules, the reward is paid from FundedCobra's own funds in USDT on the TRON (TRC-20) network, to your own wallet.

You must pass a KYC (identity) check before your first payout. Payouts are processed within 24 to 48 hours of the request. Requests made on Friday night, Saturday or Sunday are often processed on Monday. The full steps are on the payout methods page.

One more honest point: the account fee is never refunded. That is true even if you never trade, and a payout never includes your fee back.

How to check FundedCobra payout proof on Tronscan

Each on-chain payout on our payout proof page links to its own transaction on Tronscan, so you can check it on the blockchain instead of trusting a screenshot.

A screenshot can be edited. A transaction recorded on the TRON blockchain cannot. To check:

1. Open the payout proof page.
2. Pick a payout and open its Tronscan link.
3. Check that it is a USDT transfer on TRON, and that the amount and date match what the page says.
4. Repeat for several payouts, not only the newest one.

This shows that money really moved, on a real date, in a real amount. It does not show how many accounts were never paid. No proof page can show that, because breached accounts do not appear on it. That is why we publish our breach numbers further down this page.

How to test FundedCobra for free before you pay

You can test FundedCobra in two free ways: a view-only login that needs no sign-up, and a 3-day $5,000 demo that you can trade.

Both are on Try the terminal free.

• View-only login. Log in with the shared details on that page (account 503742, server Cobra-Demo). You can watch live prices, spreads and charts and see the order screen, but trading is switched off.
• Free demo. A $5,000 demo of your own with King Cobra rules: 4% daily loss and 10% max loss, both fixed, no minimum hold, news and weekends allowed. Prices, spreads and commission are the same as on a paid account. It is one per person, it ends after 3 days, and it is never paid out.

While you test, watch the gold spread during news, note the $2 per lot commission on forex, metals and energy, and see how orders fill on your phone.

When you do pay, pay only on the live checkout page. Do not send money to a wallet, bank account or number that is not shown there. We do not take cards right now.

The two FundedCobra accounts on sale now

FundedCobra sells two instant accounts today, King Cobra and Venom 2.0, and neither has a test to pass first.

Codes are typed at checkout, never added for you. On both accounts, the first time one trade loses 1% of the starting balance, that trade closes and your split drops to 30% for good. The second time, the account ends. Full rules are on the King Cobra and Venom 2.0 pages.

Here is how a payout works, with made-up numbers:

This is an example of the rules, not a likely result.

What our own data says about breaches and payouts

Most FundedCobra accounts end by breaking a rule before they are paid, and our own trade data shows it clearly.

We studied about 180,000 closed trades on 15,400 accounts from May to October 2026. Most were older products we no longer sell, such as Cobra Venom.

• 47% of accounts that breached did so within 24 hours of their first trade.
• 490 accounts received at least one payout in that period. The median payout was 2.4% of the account size.
• The top 10% of payouts made up 38% of all dollars paid.
• 79% of accounts that were paid out later breached.
• Winners and losers traded the same way on every measure we checked, and first-half results did not predict second-half results (correlation −0.06, 1,424 accounts with 20+ trades).

For the new accounts, in early November 2026, 1 of 8 paid King Cobra accounts and 5 of 16 Venom 2.0 accounts breached within their first 24 hours. These samples are too small to judge.

What this means for you: treat the fee as money you can afford to lose. These numbers are not a forecast of your result.

So, is FundedCobra legit? A short checklist

FundedCobra is a real, registered company with public rules and on-chain payout proof, but whether it suits you depends on whether you can trade inside its rules.

Before you buy, do these five things:

1. Check company number 17464334 on Companies House.
2. Open three or four Tronscan links on the payout proof page.
3. Use the view-only login or the free demo for a few days.
4. Read every rule of the account you want, in dollars, for your size.
5. Accept that the fee is not refunded and that most accounts breach.

If you still want an account after that, compare King Cobra and Venom 2.0 side by side and pick the one whose rules fit how you already trade. This is not investment advice.

Frequently asked questions

Is FundedCobra a broker?

No. FundedCobra does not take client deposits and does not send trades to a real market. All accounts are simulated, and payouts are rewards paid from FundedCobra's own funds.

Does a UK company number mean FundedCobra is approved by a financial regulator?

No. FUNDEDCOBRA LTD is registered in England and Wales (company no. 17464334), but Companies House is a company register, not a financial regulator. The record proves the company exists, not that the product has been approved.

How does FundedCobra pay out?

In USDT on the TRON (TRC-20) network, to your own wallet address starting with T. KYC must be approved first, the minimum is $10, and payouts are processed within 24 to 48 hours.

Can I try FundedCobra for free?

Yes. There is a view-only login with no sign-up, and a free 3-day $5,000 demo with King Cobra rules. The demo is one per person and is never paid out.

Can I get my account fee back?

No. The fee is not refunded on any account, even if you never trade or the account ends. A payout is your share of profit and never includes the fee.

Sources

• FundedCobra internal analysis of about 180,000 closed trades on 15,400 accounts, May–October 2026; early-November 2026 figures from the same internal data (small samples).
• Companies House record for FUNDEDCOBRA LTD, company no. 17464334
• FundedCobra help centre: King Cobra, Venom 2.0, Try the terminal free, Payout methods, Accepted payment methods, Spreads and commission, Refund policy.
• FundedCobra payout proof page, with each on-chain payout linked to Tronscan.