Overview of Account Types

FundedCobra sells two instant accounts, Venom 2.0 and King Cobra. The rule card on the account you buy always has the final rules.

Instant Funding — Venom 2.0 ($1,250 to $100,000)

• No evaluation (no test to pass first)
• Withdrawal target (profit needed before a payout): 8%
• Daily Loss Limit: 3% trailing (the limit moves up as your account grows), reset daily
• Max Drawdown (overall loss limit): none
• No open-loss limit; Max Risk Per Trade 1% (one trade). The first time, that trade closes and your split drops to 30%. The second time, your account ends
• Minimum trading days: none
• Payouts: one every 24 hours
• Profit split (your share): 80% from your first payout
• Account lasts 40 days

Black Friday, until 1 December 2026: Venom 2.0 $2,500, $3,500, $5,000 and $10,000 come with a second account of the same size free, and $5,000 and up cost less. See Black Friday.

See Venom 2.0.

Instant Funding — King Cobra ($500 to $50,000), for scalpers

• No evaluation (no test to pass first)
• Withdrawal target: 5%
• Daily Loss Limit: 4% fixed; Max Drawdown: 10% fixed
• No open-loss limit; Max Risk Per Trade 1% (one trade). The first time, that trade closes and your split drops to 30%. The second time, your account ends
• No minimum hold time: quick trades keep their profit
• Before the first payout: 4 profitable days of at least +1%; before each payout after that: 3 of at least +0.5%
• Payouts: one a day, each up to 3% of the account
• Profit split: 90%
• News trading and weekend holding allowed; no end date

See King Cobra.