See what is allowed, what gets checked, and what can breach your account before choosing a FundedCobra path.
Switch account paths to see the rules that matter before payment.
Sizes
$1,250 / $3,500 / $5,000Target
5% withdrawal targetDaily loss
4% trailing, equity-basedMax loss
6% static, checked on equityPayout
Daily requests when eligibleSplit
50%, then 80% after 5 approved payoutsSizes
$10K / $25K / $50K / $100KTarget
5% withdrawal targetDaily loss
4% trailing, equity-basedMax loss
6% static, checked on equityPayout
Weekly requests when eligibleSplit
50%, then 80% after 5 approved payoutsSizes
$5K / $10K / $25K / $50K / $100K / $200KTarget
10% profit targetDaily loss
4% trailing, equity-basedMax loss
6% static, checked on equityPayout
Weekly after evaluation and checksSplit
Up to 90%Sizes
$5K / $10K / $25K / $50K / $100K / $200KTargets
10% phase 1 / 5% phase 2Daily loss
8% trailing, equity-basedMax loss
12% static, checked on equityPayout
Bi-weekly after evaluation and checksSplit
Up to 90%The rules are grouped by the trader question: what is allowed, what needs attention, and what can breach the account.
These are explained with the math, not vague policy language.
Daily loss and maximum loss are checked on equity. If equity crosses either limit, the account breaches even if the trade later recovers.
No single trade can account for more than 25% of your withdrawal target. This is not 25% of account size. If one trade exceeds that line, the account can be breached.
Short scenarios for the questions traders usually ask support.
Yes. News trading is allowed. Manage equity during volatility.
Yes. Weekend holding is allowed. Gap risk still counts toward drawdown.
No. Trades closed under 60 seconds are prohibited.
No. One trade over 25% of the withdrawal target can breach the account.
No. Increasing lot size after losses is martingale behavior.
No. Same-pair long and short hedging is prohibited.
Cobra Terminal
Cobra Terminal gives traders account context, market view, trade controls, history, and account status in the same workspace.
| Rule | Special Instant | Premium Instant | 1-Step Evaluation | 2-Step Evaluation |
|---|---|---|---|---|
| Account sizes | $1,250, $3,500, $5,000 | $10K, $25K, $50K, $100K | $5K, $10K, $25K, $50K, $100K, $200K | $5K, $10K, $25K, $50K, $100K, $200K |
| Challenge phase | No evaluation phase | No evaluation phase | 1 phase | 2 phases |
| Profit / withdrawal target | 5% withdrawal target | 5% withdrawal target | 10% target | 10% phase 1 / 5% phase 2 |
| Daily loss | 4% trailing daily loss, equity-based | 4% trailing daily loss, equity-based | 4% trailing daily loss, equity-based | 8% trailing daily loss, equity-based |
| Maximum loss | 6% static maximum loss, checked on equity | 6% static maximum loss, checked on equity | 6% static maximum loss, checked on equity | 12% static maximum loss, checked on equity |
| Minimum trading days | None | None | 3 trading days | 3 trading days |
| Profit split | 50%; increases to 80% after 5 approved payouts | 50%; increases to 80% after 5 approved payouts | Up to 90% | Up to 90% |
| Payout schedule | Daily requests when eligible | Weekly requests when eligible | Weekly after evaluation and checks | Bi-weekly after evaluation and checks |
| Fee refund | Yes | Yes | Yes | Yes |
Drawdown is checked against account equity. Equity includes open trades, so floating P/L can affect breach status.
No single trade can account for more than 25% of your withdrawal target. It is not 25% of account size.
Yes. News trading and weekend holding are allowed. Drawdown limits still apply.
Under-60-second trades, martingale, grid, HFT, arbitrage abuse, same-pair hedging, and more than 3 same-direction positions are prohibited.
Cobra Terminal and the account dashboard show account context, status, and selected-path rule visibility.
Before you choose
Pick an account only after the target, equity drawdown, payout timing, Max Profit Per Trade rule, and prohibited patterns are clear.