Terms of Service.

1. Definitions

1.0 Company means FUNDEDCOBRA LTD, trading as FundedCobra, a private limited company registered in England and Wales under company number 17464334, with its registered office at 128 City Road, London, EC1V 2NX, United Kingdom. "FundedCobra", "we", "us" and "our" refer to the Company.

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. Cobra Venom and Venom 2.0 accounts trade metals at 1:10 (Section 3.2). Cobra Pulse accounts use the leverage in Section 8C. Cobra Prime and Cobra Strike accounts bought on or after 30 October 2026 use the leverage in Section 8B.

2.3 Spreads: On forex, metals, energy and indices, spreads are variable (floating). They track live market pricing and widen during volatile periods such as major news releases, exactly as they do with a live broker, and no maximum is guaranteed. Typical recent pricing: gold approximately $0.33–$0.89, EUR/USD from approximately 1.7 pips. On crypto, the spread is a fixed percentage of the price, set per instrument (for example 0.01% on Bitcoin).

2.4 Commission: charged round-turn when a position is opened, shown on the trade in the account history, and charged in addition to the spread. Forex, metals and energy: $2.00 per lot. Crypto: 0.03% of the position value (lots × contract size × open price). Indices: no commission — spread only. Effective for positions opened from 4 November 2026; from 22 August 2026 until then the rates were $3.00 per lot and 0.05%, and before 22 August 2026 a flat $3.00 per lot applied to all instruments.

2.5 Trading Hours: 24/5 market access. Weekend holding is permitted where stated as allowed (see Section 8D for Venom 2.0 accounts, Section 8C for Cobra Pulse accounts and Section 8B for Cobra Prime and Cobra Strike accounts bought on or after 30 October 2026).

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 (sold until 30 October 2026, 16:37 UTC, and again from 31 October 2026 until the Diwali offer ends on 9 November 2026, 18:29 UTC; accounts bought in those periods keep these terms; an account bought from 31 October 2026 ends 30 days after delivery: open positions close, trading stops, it is not a breach, and a payout requested before then can still be approved after)

Applicable sizes include $500, $1,250, $2,500, $3,500, $5,000, $9,000. From 31 October 2026 only sizes up to $5,000 are sold, with no free accounts and no add-ons.

• 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: $10, checked against the amount you receive.
• Drawdown: 4% static daily loss and 6% maximum loss.
• Leverage: forex 1:100; metals (gold, silver, platinum, palladium and copper) 1:10, effective 30 October 2026.

3.2A Venom 2.0 Accounts

Applicable sizes include $500, $1,250, $2,500, $3,500, $5,000. Venom 2.0 accounts follow Section 8D, which applies where it differs from this section: 8% Withdrawal Target, 3% trailing daily loss, no maximum loss, a stop loss on every trade checked at payout, and a 40-day account.

3.3 Cobra Prime Accounts (sold until 31 October 2026; accounts bought before then keep these terms)

Applicable sizes include $10,000, $25,000, $50,000, $100,000. Sold from 18 September 2026 until 31 October 2026 and no longer offered; accounts bought before then keep these terms. Accounts bought on or after 30 October 2026 also follow Section 8B, which applies where it differs from this section.

• Withdrawal Target: 5%.
• Payout Schedule: Daily requests, once the account has recorded at least 7 trading days and 5 green days in its funded stage. A green day is a trading day (00:00 to 00:00 UTC) on which the trades closed that day produce a net realised profit after commission.
• Drawdown: 3% static daily loss and 6% maximum loss, plus the 1.5% open-trade (floating) loss limit described in Section 5.
• Per-payout cap: as shown on the account's rule card.

3.4 Premium Instant Accounts (sold before 18 September 2026)

Applicable sizes include $10,000, $25,000, $50,000, $100,000. These accounts keep the rules they were sold under and are not affected by Section 3.3.

• Withdrawal Target: 5%.
• Payout Schedule: Weekly.
• Minimum Trading Days: None — trade at your own pace.
• Drawdown: 4% static daily loss and 6% maximum loss.

3.5 Cobra Strike Accounts (sold until 31 October 2026; accounts bought before then keep these terms)

Applicable sizes include $2,000, $2,500, $3,000, $3,500, $4,000, $5,000. Sold from 28 October 2026 until 31 October 2026 and no longer offered; accounts bought before then keep these terms. Accounts bought on or after 30 October 2026 also follow Section 8B, which applies where it differs from this section. Cobra Pulse accounts follow Section 3.5A instead.

• Withdrawal Target: 8%.
• Drawdown: no daily loss limit and a 5% static maximum loss, plus a 1% open-trade (floating) loss limit measured as in Section 8A.3.
• Payout Schedule: once the account has recorded 4 profitable days before its first payout. A profitable day is a trading day (00:00 to 00:00 UTC) whose closed trades net at least 0.5% of the starting balance after commission. Up to 2 requests a day, each up to 3% of the starting balance.
• Profit Split: 80%.
• Add-ons bought at checkout change the named rule for that account only and are shown in the dashboard.

3.5A Cobra Pulse Accounts (as shown)

Applicable sizes include $1,500, $2,000, $2,500, $3,000, $3,500, $4,000, $5,000, $10,000, $15,000, $25,000. Cobra Pulse accounts also follow Section 8C, which applies where it differs from this section.

• Withdrawal Target: 8% for accounts bought before 30 October 2026, 15:15 UTC. Accounts bought from then have no Withdrawal Target (Section 8C.11).
• Drawdown: no daily loss limit and a 5% maximum loss (static on accounts bought before 2 November 2026, 15:15 UTC, trailing on accounts bought from then, Section 8C.3), plus a 1% open-trade (floating) loss limit measured as in Section 8A.3 and applied as in Section 8C.2.
• Payout Schedule: one request every 24 hours once the account has recorded 4 profitable days before its first payout (Section 8C.7). Every payout request is subject to the biggest-win-vs-biggest-loss check in Section 8C.9 and the payout terms in Section 8C.11.
• Profit Split: 60% on the first and second approved payout, 70% on the third and fourth, 80% from the fifth (Section 8C.8).
• Account validity: 25 days from delivery for accounts ordered from 3 November 2026, 17:30 UTC; no end date for accounts delivered from 31 October 2026 and ordered before then; earlier accounts, 30 days from delivery (Section 8C.10).
• Add-ons bought at checkout change the named rule for that account only and are shown in the dashboard. No profit-split add-on is sold on Cobra Pulse.

3.5B Cobra Sting Accounts (as shown)

Cobra Sting was sold until 5 November 2026. Accounts bought before then keep the terms below. Applicable sizes include $5,000, $10,000, $25,000, $50,000. A Cobra Sting account is one evaluation with one fixed reward. It has no payouts, add-ons, resets or discount codes.

• To pass: at least 10% closed profit, 7 profitable days (a trading day whose closed trades net at least 0.5% of the starting balance after commission), the largest winning trade at least as big as the largest losing trade, and no open trade or pending order.
• Reward: 2% of the account size, paid once in USDT after KYC is approved. A pass straight after a previous Cobra Sting pass pays 1.5 times that, and a third pass in a row pays 2 times.
• Drawdown: 1% static daily loss, 2% static maximum loss, a 0.5% open-trade (floating) loss limit and a 0.5% maximum loss on any closed trade. Reaching any of them ends the account.
• Trading: one open trade at a time, a stop loss on every order, a Max Profit Per Trade of 4% of the account, a 60-second minimum hold, no hedging, no weekend holding and no news trading.
• Leverage: forex 1:20; metals, indices and energy 1:5; crypto 1:1.
• Validity: 30 days from delivery.

3.6 1-Step and 2-Step Accounts: trading days and profitable days

• Bought on or after 15 October 2026: each evaluation phase needs 7 trading days and 5 profitable days, counted fresh in each phase. In the funded stage, each payout needs 7 trading days and 5 profitable days, counted since the last payout. A profitable day is a trading day (00:00 to 00:00 UTC) whose closed trades net at least 1% of the account size after commission.
• Bought before 15 October 2026: 3 trading days in each evaluation phase and 3 in the funded stage. No profitable-day requirement.
• Neither requirement can breach an account.

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. Where an account also requires green days (Cobra Prime), the required number of those trading days must end in a net realised profit after commission. Neither requirement can breach an account; they only determine when the first payout request becomes available. Cobra Strike accounts, and Cobra Prime accounts bought on or after 30 October 2026, count profitable days instead (Sections 3.5 and 8B.7). Cobra Pulse accounts count profitable days (Section 8C.7). 1-Step and 2-Step accounts follow Section 3.6.

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.
• Cobra Prime accounts bought on or after 30 October 2026: the maximum loss trails, as set out in Section 8B.3. Cobra Strike: 5% maximum loss. Cobra Pulse: 5% maximum loss, static or trailing as set out in Section 8C.3, and no daily loss limit.
• If equity reaches or crosses this overall drawdown level at any time, a breach occurs.

6. Max Profit Per Trade (Profit Clipping)

6.1 Rule Statement (accounts purchased on or after 27 July 2026, 05:00 UTC): a single trade may contribute at most 60% of the applicable profit or withdrawal target. If the open profit of a trade touches the cap at any moment, or its closed profit exceeds the cap, the entire profit of that trade — not only the amount above the cap — is removed when the trade closes, even if it closes lower, and recorded on the trade in the account history; it does not count toward the target and is deducted from the account balance and equity. This rule never breaches the account.

6.2 Practical Meaning (as shown in your panel):

If the withdrawal target is 5% of the account, then the maximum a single trade can count toward that target is:

60% × 5% = 3% of the account size.

6.3 Examples (from the rule panel concept):

• $10,000 account: withdrawal target 5% = $500; one trade counts up to $300 toward it.
• $100,000 account: withdrawal target 5% = $5,000; one trade counts up to $3,000 toward it.

6.4 Accounts purchased before 27 July 2026, 05:00 UTC: the prior rule applies — a single trade exceeding 25% of the applicable target breaches the account.

6A. Max Risk Per Trade

6A.1 Applicability: This section applies only to accounts purchased on or after 19 July 2026, 12:00 UTC and before 20 August 2026, 01:00 Asia/Karachi. Accounts purchased before that window are not subject to this rule and it is not applied retroactively; accounts purchased on or after 20 August 2026 are governed instead by the floating loss limit in Section 8A.3.

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 on DIFFERENT pairs. For accounts opened before 20 August 2026, holding a long and short on the same pair (hedging) is also permitted; for accounts opened on or after 20 August 2026 it is prohibited under Section 8A.

7.3 News trading allowed, except as limited by Sections 8B, 8C and 8D.

7.4 Weekend position holding allowed, except as limited by Sections 8B, 8C and 8D.

7.5 Multiple positions simultaneously allowed, including consecutive same-direction trades, up to 4 open positions per instrument in one direction.

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 Minimum hold time: for accounts purchased on or after 27 July 2026, 05:00 UTC and before 20 August 2026, 01:00 Asia/Karachi (for accounts purchased on or after 20 August 2026, Section 8A.4 applies instead), the first trade closed under 60 seconds results in a warning; the entire profit of any further sub-60-second trade is removed — deducted from the account balance and counting nothing toward the target — and the account is not breached. For accounts purchased before 27 July 2026, 05:00 UTC, repeat sub-60-second closes breach the account.

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.

8A. Trader Rulebook (accounts opened on or after 20 August 2026)

8A.1 Applicability: this section applies only to accounts opened on or after 20 August 2026 01:00 Asia/Karachi (19 August 2026, 20:00 UTC). Accounts opened before that date keep the rulebook in force when they were opened and are not affected by this section.

8A.2 No hedging: holding a buy and a sell position on the same instrument at the same time is prohibited and breaches the account.

8A.3 Floating loss limit: the combined open loss across all positions may not reach 1.5% of the account starting balance at any moment. Open loss means the floating (unrealised) loss on the open positions, which already includes the spread, plus the commission charged on those open positions. It is assessed live. Reaching the limit breaches the account, except on accounts covered by Section 8B, where Section 8B.2 applies, and Cobra Pulse accounts, where Section 8C.2 applies. From 15 October 2026 the commission on open positions is included in this measure. It replaces the realised single-trade loss rule in Section 6A for these accounts.

8A.4 Minimum hold time: the first time a position is closed manually in under 60 seconds, its profit is removed and the trader is warned; a second manual close in under 60 seconds breaches the account. A position closed by take-profit or stop-loss in under 60 seconds has its profit removed and is warned; after four such warnings, a fifth sub-60-second take-profit or stop-loss close breaches the account. A position closed by margin stop-out is not counted.

8A.5 The daily drawdown, maximum drawdown, Max Profit Per Trade (Section 6) and minimum-trading-day requirements continue to apply to these accounts alongside this section.

8B. Cobra Prime and Cobra Strike Rulebook (accounts bought on or after 30 October 2026; both sold until 31 October 2026)

8B.1 Applicability: this section applies only to Cobra Prime and Cobra Strike accounts bought on or after 30 October 2026, 03:47 Pakistan time (29 October 2026, 22:47 UTC). Cobra Prime and Cobra Strike were sold until 31 October 2026 and are no longer offered; accounts bought before then keep these terms. Accounts bought before 30 October 2026 keep the rules in force when they were bought and are not affected by this section. Cobra Pulse accounts follow Section 8C. Where this section differs from another section of these Terms, this section applies to these accounts. An add-on bought at checkout changes the named rule for that account only and is shown in the dashboard.

8B.2 Open-loss limit: Cobra Prime 1.5%, Cobra Strike 1% of the starting balance, measured as in Section 8A.3. The first time it is reached, all open positions are closed, the account stays active, and the profit split is lowered for the life of the account to 40% (Cobra Prime) or 30% (Cobra Strike). The second time it is reached, the account is breached. Only positions opened after the first time count toward the second.

8B.3 Maximum loss: Cobra Prime 6% of the starting balance, trailing. The breach floor is the highest equity the account has reached, open positions included, minus 6% of the starting balance. It rises when equity makes a new high, stops rising once it reaches the starting balance, and never moves down. Profit removed under Section 6 or Section 8B.4 does not count toward that high. Cobra Strike: 5% of the starting balance, static. Both are measured on equity (Section 5.1). Daily loss: Cobra Prime 3% static (Section 5.2); Cobra Strike has no daily loss limit.

8B.4 Daily profit cap: net closed profit above $3,000 in one trading day (00:00 to 00:00 UTC), counted after Section 6, is removed from the balance and recorded on the account. It does not count toward the target and never breaches the account.

8B.5 Weekend holding: not allowed unless the weekend-holding add-on was bought. Five minutes before the Friday market close (17:00 New York time), all open positions on forex, metals, indices and energy are closed, and new orders and pending-order fills on them are refused until markets reopen. Crypto is not affected. This is not a breach.

8B.6 News trading: allowed on Cobra Prime. On Cobra Strike it is not allowed unless the news-trading add-on was bought. The news window runs from 5 minutes before to 5 minutes after a high-impact economic release for a currency in the symbol. (a) Cobra Strike bought from 30 October 2026, 10:40 UTC: trading stays open, but a position that was opened during a news window, or was open at any moment during one, breaches the account when it closes, in whole or in part and in any way (by hand, stop loss, take profit, weekend close, open-loss limit or stop-out), whether it made a profit or a loss. A pending order counts from the moment it fills. (b) Cobra Strike bought before 30 October 2026, 10:40 UTC: new orders on that symbol are refused during the window and open positions on it are closed 5 minutes before the release; this is not a breach. Releases are taken from a public economic calendar; if no calendar data is available, no account is breached under this rule and nothing is blocked. A forex pair is affected by both of its currencies; gold, silver, US indices and oil by USD; gold and silver quoted in another currency by USD and that currency; the German index by EUR; UK100 by GBP; JP225 by JPY. Crypto is not affected.

8B.7 Profitable days: a profitable day is a trading day (00:00 to 00:00 UTC) whose closed trades net at least 0.5% of the starting balance after commission. Cobra Prime needs 5 profitable days; Cobra Strike needs 4 profitable days. There is no minimum number of trading days. They are needed before the first payout only and can never breach an account.

8B.8 Profit split and payouts: Cobra Prime 80% (100% with the add-on); Cobra Strike 70% (90% or 100% with an add-on). A split lowered under Section 8B.2 is never raised again. There is no daily limit on payout requests. Each request needs the withdrawal target reached and at least 1% of the starting balance in new profit since the last payout, and waits until the previous request is processed. The minimum payout is $100 on Cobra Prime and $50 on Cobra Strike, or the account's largest possible payout (payout cap x account size x current profit split) if that is lower. Each payout is at most 3% of the starting balance on Cobra Prime (2% on $100,000) and 4% on Cobra Strike.

8B.9 Leverage: forex 1:50; metals, indices, energy and other commodities 1:10; crypto 1:2.

8B.10 Max Profit Per Trade (Section 6), the minimum hold time and no hedging (Section 8A) continue to apply to these accounts.

8C. Cobra Pulse Rulebook

8C.1 Applicability: this section applies to every Cobra Pulse account. Where this section differs from another section of these Terms, this section applies to these accounts. An add-on bought at checkout changes the named rule for that account only and is shown in the dashboard. Cobra Prime and Cobra Strike accounts are not affected by this section; they keep Sections 3.3, 3.5 and 8B.

8C.2 Open-loss limit: 1% of the starting balance, measured as in Section 8A.3. The first time it is reached, all open positions are closed, the account stays active, and the profit split is lowered for the life of the account to 30%. The second time it is reached, the account is breached. Only positions opened after the first time count toward the second.

8C.3 Maximum loss: 5% of the starting balance, measured on equity (Section 5.1). There is no daily loss limit on Cobra Pulse accounts. On accounts bought before 2 November 2026, 15:15 UTC the maximum loss is static: it never moves. On accounts bought from 2 November 2026, 15:15 UTC it trails: the floor sits 5% of the starting balance below the highest equity the account has reached, and it stops rising once it reaches the starting balance. It never moves down, including after a payout. Profit removed under Section 6 or Section 8C.4 does not raise it.

8C.4 Daily profit cap: net closed profit above $3,000 in one trading day (00:00 to 00:00 UTC), counted after Section 6, is removed from the balance and recorded on the account. It does not count toward the target or toward a payout and never breaches the account.

8C.5 Weekend holding: not allowed unless the weekend-holding add-on was bought. Five minutes before the Friday market close (17:00 New York time), all open positions on forex, metals, indices and energy are closed, and new orders and pending-order fills on them are refused until markets reopen. Crypto is not affected. This is not a breach.

8C.6 News trading: not allowed unless the news-trading add-on was bought. The news window runs from 5 minutes before to 5 minutes after a high-impact economic release for a currency in the symbol. Trading stays open, but a position that was opened during a news window, or was open at any moment during one, breaches the account when it closes, in whole or in part and in any way (by hand, stop loss, take profit, weekend close, open-loss limit, expiry of the account or stop-out), whether it made a profit or a loss. A pending order counts from the moment it fills. Releases are taken from a public economic calendar; if no calendar data is available, no account is breached under this rule and nothing is blocked. A forex pair is affected by both of its currencies; gold, silver, US indices and oil by USD; gold and silver quoted in another currency by USD and that currency; the German index by EUR; UK100 by GBP; JP225 by JPY. Crypto is not affected.

8C.7 Profitable days: a profitable day is a trading day (00:00 to 00:00 UTC) whose closed trades net at least 0.5% of the starting balance after commission. Cobra Pulse needs 4 profitable days before the first payout only. There is no minimum number of trading days. This requirement can never breach an account.

8C.8 Profit split: 60% on the first and second approved payout, 70% on the third and fourth, and 80% from the fifth approved payout onward. The count is the number of approved payouts on that account, not counting the payout being approved. A split lowered to 30% under Section 8C.2 applies whatever the count: the lower of the two figures is paid. A lowered split is never raised again. No profit-split add-on is sold on Cobra Pulse.

8C.9 Biggest win vs biggest loss: a payout request is accepted only if the trader’s largest winning closed trade is at least as large as their largest losing closed trade, each measured net of commission, over the closed trades since the trader’s previous payout request that was not rejected (before the first payout, over every closed trade on the account). At least one closed trade in that period is required. The check is made when the payout is requested. If it is not met, the request is not accepted; the trader may keep trading and request again once it is met. This rule never breaches the account.

8C.10 Account validity: a Cobra Pulse account ordered from 3 November 2026, 17:30 UTC ends 25 days after delivery: open trades are closed and trading stops, and a payout requested before the end can still be approved after it. A Cobra Pulse delivered from 31 October 2026 and ordered before that time has no end date; earlier Cobra Pulse accounts end 30 days after delivery.

8C.11 Payouts: one payout request every 24 hours per account. Each request needs the 8% withdrawal target reached and at least 1% of the starting balance in new profit since the last payout, and waits until the previous request is processed. Each payout is at most 4% of the starting balance, deducted from the balance, of which the trader receives the profit split under Section 8C.8. The minimum payout is $50, or the account’s largest possible payout if that is lower. Accounts bought from 30 October 2026, 15:15 UTC have no Withdrawal Target: a payout may only be drawn from closed profit above the starting balance, with all positions closed, and each request after the first needs at least 1% of the starting balance in new profit since the last payout.

8C.12 Leverage: forex 1:50; metals, indices, energy and other commodities 1:10; crypto 1:2.

8C.13 Max Profit Per Trade (Section 6), the minimum hold time and no hedging (Section 8A), and the limit of 4 open positions per instrument in one direction (Section 7.5) continue to apply to these accounts; for accounts bought from 30 October 2026, 15:15 UTC the Max Profit Per Trade limit is the same amount, 4.8% of the starting balance, and for accounts bought from 2 November 2026, 15:15 UTC it is 2% of the starting balance. Martingale is allowed.

8D. Venom 2.0 Rulebook (accounts bought on or after 30 October 2026, 16:37 UTC)

8D.1 Applicability: this section applies to every Venom 2.0 account. Where this section differs from another section of these Terms, this section applies to these accounts. Cobra Venom accounts are not affected. An add-on bought at checkout changes the named rule for that account only and is shown in the dashboard.

8D.2 Withdrawal target: 8% of the account size. The balance and equity must be at least this far above the starting balance when a payout is requested and when it is approved, and again before each later payout.

8D.3 Daily loss limit: 3%, trailing. Each trading day the breach floor is the highest equity reached that day, open positions included, minus 3% of that day's starting equity. It rises as equity rises and does not fall during the day, except that an approved payout lowers the day's high by the payout amount. Profit that Section 6 removes does not raise it. It resets at the daily reset. Reaching the floor breaches the account.

8D.4 Maximum loss: none. There is no overall loss limit on these accounts. Section 8D.3, Section 8A.3 and the account's end under Section 8D.8 still apply.

8D.5 Max Profit Per Trade: a single trade may contribute at most 3% of the account size, which is 37.5% of the 8% withdrawal target. Everything else in Section 6 applies.

8D.6 Stop loss: every trade must have a stop loss. A trade has a stop loss if one is set on it when it closes. It may be added after the trade opens. If part of a position is closed while no stop loss is set, the whole position counts as having no stop loss.

8D.7 If any trade in the period checked for a payout request had no stop loss: (a) on Venom 2.0 accounts bought on or after 9 November 2026, 17:00 UTC, the payout request is rejected and the account is closed, and the trader is told the reason and shown the trades; (b) on Venom 2.0 accounts bought before then, FundedCobra may reject the payout request, and the trader is told the reason. For those accounts the check does not breach the account and does not by itself refuse or block a request, and a rejected request does not change the account. Trades without a stop loss stay in the period checked for the next request until a payout on the account is approved. Trades closed by a rule, a breach or the end of the account count like any other.

8D.8 Account validity: a Venom 2.0 account runs for 40 days from the time it is delivered. When that period ends, all open positions are closed, trading stops, and the account ends. Payouts must be requested before the account ends; a request made before then can still be approved after it ends. The expiry is not a breach.

8D.9 Weekend holding: not allowed unless the weekend-holding add-on was bought, applied as in Section 8C.5. News trading: not allowed unless the news-trading add-on was bought, applied as in Section 8C.6.

8D.10 Profit split and payouts: 80%. Payouts are daily, each up to 3% of the account size.

8D.11 Resets and additional paid accounts on the same order follow this section, each with its own 40 days. Free accounts from an offer follow the offer's rules and not this section.

8D.12 The minimum hold time, no hedging and the open-loss limit (Section 8A) and the limit of 4 open positions per instrument in one direction (Section 7.5) continue to apply to these accounts.

8E. Conduct Rules (every account)

These apply to every account, whenever it was bought. FundedCobra checks for them before payouts. If one is found, the payout is declined and the account is closed.

8E.1 Copy trading. Copying or mirroring trades with another person's account, copy trading and trading from a signal group.

8E.2 Account sharing. Sharing an account, or letting someone else trade it. Accounts linked this way are treated as one.

8E.3 Outside hedging. Hedging a FundedCobra account against an account at another firm or broker.

8E.4 Hedging across your own accounts. On accounts opened on or after 20 August 2026: holding a buy on one of your accounts and a sell on the same pair on another at the same time. This breaches all the accounts involved. Trading the same direction on several of your own accounts is allowed.

8E.5 Arbitrage. Latency, price-feed or broker-to-broker arbitrage of any kind.

8E.6 Tick scalping. Opening and closing many trades within seconds to catch feed delays or glitches.

8E.7 Bought bots. Ready-made "pass the challenge" EAs or bots bought online. Trades must be placed by hand.

8E.8 Price errors. Using an obviously wrong price or a platform error. Trades opened on it are removed.

8E.9 False claims. Posting false claims about FundedCobra, or threatening to, to pressure a payout decision.

8E.10 Payout wallet. Payouts go only to a wallet in your own verified name.

9. Risk Management Requirements

9.1 Stop loss is recommended but not mandatory (as shown), except on Venom 2.0 accounts (Section 8D.6) and Cobra Sting accounts (Section 3.5B).

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, Section 8A, Section 8B, Section 8C, Section 8D and Section 8E 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.
• A conduct rule in Section 8E.
• Manipulation attempts.

10.2 FundedCobra may apply additional controls such as flags, payout reductions, payout delays for review, trade disqualification, or termination — only where a written rule in these Terms is violated. Every enforcement action is recorded on the account’s rule-event log, which the trader can see inside the terminal.

11. Priority of Dashboard Rules

11.1 The trader’s dashboard rule panel shows the exact values for your specific account (withdrawal target, payout schedule, minimum trading days, minimum withdrawal amount). These are the same rules published on this site, applied to your account size — the dashboard never introduces rules that are not written here.

11.2 If you ever spot a difference between this page and your dashboard, contact support: discrepancies are treated as errors for us to correct, not as grounds for enforcement against the trader.