Start with $5K
Choose the $32 account for the lowest-cost 2-Step entry before larger sizes.
2-Step evaluation
Start with a $32 2-Step account. Learn the phases before going bigger.
Get a $5K 2-Step account, review the phase targets, trade inside the published drawdown limits, and move to larger sizes only when the path feels clear.
2-Step evaluation
Start with the smallest 2-Step, then move up.
Choose the $5K 2-Step account if you want the lowest-cost evaluation path first. Learn phase 1, phase 2, drawdown limits, and payout timing before moving into larger sizes.
Learn both phases
Phase 1 target is 10%. Phase 2 target is 5%. Keep drawdown clean across both.
Scale after confidence
Move into larger 2-Step sizes after the rules, dashboard, and workflow feel clear.
Account sizes
Choose your account size.
Compare price, account size, drawdown, payout timing, and rules before choosing.
2-Step evaluation
2-Step
Profit Target (P1 / P2): 10% / 5%
2-Step
$5,000
2-Step Evaluation
- Evaluation
- 2-Step Evaluation
- Target
- 10% / 5%
- Daily loss
- 8%
- Max loss
- 12%
- Payout
- Bi-Weekly when eligible
2-Step
$10,000
2-Step Evaluation
- Evaluation
- 2-Step Evaluation
- Target
- 10% / 5%
- Daily loss
- 8%
- Max loss
- 12%
- Payout
- Bi-Weekly when eligible
2-Step
$25,000
2-Step Evaluation
- Evaluation
- 2-Step Evaluation
- Target
- 10% / 5%
- Daily loss
- 8%
- Max loss
- 12%
- Payout
- Bi-Weekly when eligible
2-Step
$50,000
2-Step Evaluation
- Evaluation
- 2-Step Evaluation
- Target
- 10% / 5%
- Daily loss
- 8%
- Max loss
- 12%
- Payout
- Bi-Weekly when eligible
2-Step
$100,000
2-Step Evaluation
- Evaluation
- 2-Step Evaluation
- Target
- 10% / 5%
- Daily loss
- 8%
- Max loss
- 12%
- Payout
- Bi-Weekly when eligible
2-Step
$200,000
2-Step Evaluation
- Evaluation
- 2-Step Evaluation
- Target
- 10% / 5%
- Daily loss
- 8%
- Max loss
- 12%
- Payout
- Bi-Weekly when eligible
Cobra Terminal
Your trading dashboard after purchase.
After purchase, your account, rules, trading access, history, payout progress, and account status are managed inside Cobra Terminal.
Rules before payment
Know what is allowed, what to watch, and what is not allowed.
Review the main rules before choosing an account. Your account dashboard shows the active limits for your selected account.
Allowed
Allowed trading style
- Weekend holdingHold positions over the weekend when your strategy needs it.
- News tradingTrade through major news events without a blanket news ban.
- Multiple pairsTrade more than one instrument pair as long as risk stays clean.
- Partial closesClose part of a position and manage the rest of the trade.
- Stop-loss editsAdjust stop loss levels. A stop loss is recommended, not mandatory.
Watch
Watch these while trading
- Daily drawdownDaily loss is static and equity-based — your floor is fixed at day-start equity (the day resets at 00:00 UTC) and never climbs behind your profits (many firms trail it; we don’t). Open floating loss still counts.
- Maximum lossMaximum loss is static and checked on equity.
- Payout scheduleRequests open only when the selected account schedule and review checks are ready.
- Profit splitInstant pays 80% from your first payout. Evaluation paths start at 80% and can reach up to 90%.
Not allowed
Avoid these actions
- Max Profit Per TradeA single trade counts toward at most 60% of the withdrawal target. Go over the cap and that trade’s entire profit is removed — not just the amount over it — and noted on the trade in your history. Never a breach.
- No hedgingOne direction per pair — no holding a buy and a sell on the same pair at once. Breaches the account.
- 60-second minimum holdHold every trade at least 60 seconds. A manual close under 60s ends the account; a take-profit or stop-loss under 60s gives 4 warnings, then ends it.
- Floating loss (1.5%)Your open trades can lose at most 1.5% of your account at once — checked live. Reach it and the account ends, so close losers early.
Verify before buying
What you can check before choosing.
You do not have to rely on hype. Review the rules, platform, support path, and account process before you buy.
Review target, drawdown, payout timing, refund status, and prohibited trading before choosing.
See the account workspace, trade controls, history, and account status before scaling.
Ask support to confirm account path, rules, payout timing, or setup questions before payment.
Simulated trading accounts have strict rules and eligibility checks.
Know what happens after purchase before you select a larger account.
Start from $28 before considering larger Instant account sizes.
Fit check
Know if this account is right for you.
Instant access is useful only when the account rules fit your trading style.
This is for traders who...
- Want to test Funded Cobra with a smaller account first.
- Prefer rules, targets, and drawdown limits shown before payment.
- Understand simulated funded accounts have strict eligibility checks.
- Want account access through Cobra Terminal after purchase.
This is not for traders who...
- Expect guaranteed profit or guaranteed payout approval.
- Ignore daily drawdown, maximum loss, or the Max Profit Per Trade rule.
- Want to buy a large account without reading the rules first.
Questions
Before you choose.
What are the 2-Step targets?
Phase 1 target is 10%. Phase 2 target is 5%.
Why start with the $32 2-Step?
It lets you test the 2-Step process on the smallest size before choosing a larger challenge.
When are payout requests available?
After evaluation, account review, schedule, and eligibility checks are complete.
2-Step evaluation
Choose your account after the rules are clear.
Review price, target, drawdown, payout timing, and breach rules first. Then continue to the secure account area.