Terms of Service
Official guidelines, trading rules, and conditions for FundedCobra.
1. Definitions
1.1 Account means a FundedCobra funded account provided to the trader for trading on the approved platform.
1.2 Balance means the closed (realized) account balance excluding open trade profit or loss.
1.3 Equity means Balance plus the floating (unrealized) profit or loss of all open positions.
1.4 Floating PnL means unrealized profit or loss on open positions.
1.5 Realized PnL means profit or loss from closed positions.
1.6 Trading Day means a calendar day on which the trader places at least one valid trade under these rules.
1.7 Breach means a violation of any drawdown limit, prohibited practice, or termination condition resulting in account failure or termination.
1.8 Withdrawal Target means the minimum profit percentage required to request a payout, where applicable.
2. Platform, Trading Hours, and Conditions
2.1 Trading Platform: CobraTerminal (web-based).
2.2 Leverage: 1:100.
2.3 Spreads: Starting from 0.2 pips (subject to market conditions).
2.4 Trading Hours: 24/5 market access. Weekend holding is permitted where stated as allowed.
3. Account Types and Payout Schedules
3.1 FundedCobra provides multiple account categories. The applicable category and its conditions are shown in the trader’s dashboard and shall govern.
3.2 Cobra Venom Accounts (as shown)
Applicable sizes include $1,250, $3,500, $5,000.
- Profit Target: None stated for these accounts.
- Withdrawal Target: 5% (minimum profit required before payout request).
- Payout Schedule: Daily payouts enabled (subject to eligibility and rules).
- Minimum Trading Days: None (as shown).
- Minimum Withdrawal Amount: As displayed in the dashboard rules panel. Dashboard values apply to the selected account.
- Drawdown: 4% static daily loss and 6% maximum loss.
3.3 Premium Instant Accounts (as shown)
Applicable sizes include $10,000, $25,000, $50,000, $100,000.
- Withdrawal Target: 5%.
- Payout Schedule: Weekly.
- Minimum Trading Days: None — trade at your own pace.
- Drawdown: 4% static daily loss and 6% maximum loss.
4. Profit Measurement and Payout Eligibility
4.1 Profit Calculation: Only closed (realized) profits are counted toward payout eligibility. Floating profits are not counted until the position is closed.
4.2 Minimum Withdrawal Target: A trader must reach the applicable Withdrawal Target (commonly 5% as shown) before requesting a payout.
4.3 Minimum Trading Days Rule (where applicable):
If the account requires minimum trading days, the trader must place at least one valid trade on the required number of separate days before being eligible to request payout.
5. Drawdown Rules (Equity Based)
5.1 Equity-Based Enforcement: All drawdown limits are monitored using Equity, meaning floating PnL is included.
5.2 Daily Drawdown Limit: The applicable static daily drawdown depends on account type.
- Instant and 1-Step accounts: 4% static daily loss.
- 2-Step accounts: 8% static daily loss.
- The daily loss limit is calculated and enforced using equity.
- The daily loss floor is fixed once at the start of each trading day (00:00 UTC) from your equity at that moment. It does not move during the day — profits never tighten it — and it re-anchors at the next 00:00 UTC reset.
- If equity reaches or crosses the static daily limit at any time, a breach occurs.
5.3 Overall Drawdown Limit: The applicable maximum loss depends on account type.
- Instant and 1-Step accounts: 6% maximum loss.
- 2-Step accounts: 12% maximum loss.
- Overall drawdown is measured from the account’s initial or cycle starting equity.
- If equity reaches or crosses this overall drawdown level at any time, a breach occurs.
6. Max Profit Per Trade
6.1 Rule Statement: A trader may not generate more than 25% of the withdrawal target from one trade.
6.2 Practical Meaning (as shown in your panel):
If the withdrawal target is 5% of the account, then the maximum profit per single trade is:
25% × 5% = 1.25% of the account size.
6.3 Examples (from the rule panel concept):
- $10,000 account: withdrawal target 5% = $500; 25% cap = $125 per trade.
- $100,000 account: withdrawal target 5% = $5,000; 25% cap = $1,250 per trade.
6.4 Consequence (as shown): If a single trade exceeds the limit, the account may be flagged and future payouts may be reduced to 25% instead of 50%.
6A. Max Risk Per Trade
6A.1 Applicability: This section applies only to accounts purchased on or after 19 July 2026, 12:00 UTC. Accounts purchased before that time are not subject to this rule, and it is not applied retroactively.
6A.2 Rule Statement: On an account to which this section applies, a single trade may not lose more than 2% of the account starting balance.
6A.3 Practical Meaning:
- $500 account: maximum loss of $10 on any one trade.
- $5,000 account: maximum loss of $100 on any one trade.
- $100,000 account: maximum loss of $2,000 on any one trade.
6A.4 Profit is not limited by this section. There is no cap on what a single trade may earn under this rule.
6A.5 Measurement: The limit is assessed on realised loss at the point the position is fully closed. Unrealised (floating) loss on an open position does not breach this section, and positions are not closed by FundedCobra for the purpose of this rule. Where a position is closed in parts, the parts are aggregated and assessed together.
6A.6 Execution gaps: Where a stop-loss order is executed at a price beyond the level the trader set, because the market gapped through that level, the loss is assessed at the level the trader set rather than the executed price. A trader is not in breach of this section by reason of slippage outside their control. The trader remains subject to the actual realised loss for all other purposes, including drawdown.
6A.7 Consequence: A single trade whose assessed loss exceeds the limit breaches the account.
6A.8 Other limits unaffected: The daily and overall drawdown limits in Section 5 continue to apply independently of this section.
7. Allowed Trading Practices
The following are explicitly permitted (as shown):
7.1 Trading multiple pairs.
7.2 Holding both long and short positions, including a long and short on the same pair (hedging is allowed).
7.3 News trading allowed.
7.4 Weekend position holding allowed.
7.5 Multiple positions simultaneously allowed, including consecutive same-direction trades.
7.6 Partial position closing allowed.
7.7 Stop loss modification allowed.
8. Prohibited Trading Practices
The following are prohibited (as shown). Engaging in any prohibited practice may result in breach, termination, payout denial, or other enforcement action.
8.1 High-Frequency Trading (HFT).
8.2 Expert Advisors (EAs) / automated trading.
8.3 Trades under 60 seconds duration.
8.4 Exploitative execution, limited to: trading on stale or frozen quotes, latency or feed-lag exploits, and deliberate abuse of platform errors. This clause is never applied to ordinary trading that follows the written rules above.
9. Risk Management Requirements
9.1 Stop loss is recommended but not mandatory (as shown).
9.2 Keeping risk per trade under 5% of account equity is strongly recommended practice. This is guidance, not a breach rule — only the written rules in Sections 5–8 can breach an account.
10. Account Termination and Enforcement
10.1 Accounts may be terminated for any of the following (as shown):
- Breach of maximum drawdown limit.
- Violation of trading rules.
- Exploitative execution as defined in Section 8.4 — nothing broader.
- Manipulation attempts.