Overview of Account Types

FundedCobra offers Instant accounts (Cobra Venom, Cobra Strike, Cobra Prime) and 1-Step and 2-Step challenges. The rule card attached to your purchased account is always the final source of truth, especially for a clearly labelled promotional account.

Instant Funding — Cobra Venom ($500 to $9,000)

• No evaluation phase
• Funded withdrawal target: 5%
• Daily Loss Limit: 4% Static, reset daily
• Max Drawdown: 6% Static
• Minimum trading days: none
• Payouts: daily
• Profit split: 80% from your first payout

Instant Funding — Cobra Prime ($10,000 to $100,000)

• No evaluation phase
• Funded withdrawal target: 5%
• Daily Loss Limit: 3% Static, reset daily
• Max Drawdown: 6% Trailing: it moves up as your account grows and stops at the starting balance
• Open-loss limit: 1.5%. The first hit closes your trades and drops the split to 40%; the second ends the account
• Payout unlock: 5 profitable days (each at least +0.5%), before the first payout only. No minimum trading days
• Payouts: on demand, $100 minimum
• Profit split: 80% (100% with an add-on)
• Daily profit cap $3,000; no weekend holding (add-on); leverage forex 1:50, metals/indices/energy 1:10, crypto 1:2

Instant Funding — Cobra Strike ($2,000 to $5,000)

• No evaluation phase and no daily loss limit
• Funded withdrawal target: 8%
• Max Drawdown: 5% Static
• Open-loss limit: 1% (open trades together). The first hit closes your trades and drops the split to 30%; the second ends the account
• Before the first payout: 4 profitable days of at least +0.5%
• Payouts: on demand, each up to 4% of the account, $50 minimum
• Profit split: 70% (90% or 100% with an add-on)
• Daily profit cap $3,000; no weekend holding and no news trading (add-ons); leverage forex 1:50, metals/indices/energy 1:10, crypto 1:2
• Rules can be changed with add-ons at checkout. See Cobra Strike.

1-Step Challenge

• Phase 1 profit target: 10%
• Daily Loss Limit: 4% Static
• Max Drawdown: 6% Static
• 7 trading days and 5 profitable days (each at least +1% of the account) to pass, and again before each funded payout
• Funded withdrawal target: 5%
• Profit split: 80%

2-Step Challenge

• Phase 1 profit target: 10%
• Phase 2 profit target: 5%
• Daily Loss Limit: 8% Static
• Max Drawdown: 12% Static
• 7 trading days and 5 profitable days (each at least +1% of the account) in each phase, and again before each funded payout
• Funded withdrawal target: 5%
• Profit split: 80% for the first five approved payouts, then 90%

All daily and overall drawdown checks are equity-based, so floating profit and loss count.

Older accounts keep the rules they were sold with. Your account page shows yours.

Diwali 2026 free accounts (from the Buy 1 Get 2 Free offer) have stricter rules: 7 days, 1 payout (up to 2% of the account comes off, you receive 80% of that), 1% open-loss limit, 3 profitable days, no martingale or stacking, 40% Max Profit Per Trade and 1:30 leverage (metals 1:10). See the Diwali offer article.