Cove Funded Review 2026 – Prop Firm Features, Rules & Payout Explained

Cove Funded is a premier prop trading firm that offers traders the opportunity to trade larger capital and earn significant rewards. With an unlimited number of trading days, Cove Funded stands out by providing a 90% profit split and a bi-weekly payout system, ensuring traders receive their earnings promptly in either cryptocurrency or bank transfers.

The funding process is straightforward. Start by taking the Challenge to demonstrate your trading skills. Once you pass the verification stage, you become a fully funded Cove Trader, gaining access to Cove Capital and regular payouts.

Cove Funded prioritizes trader safety, offering a secure and stable trading environment from its headquarters in Europe. The firm provides access to TradeLocker, a cutting-edge trading platform powered by TradingView. This platform is user-friendly and doesn’t require an app download, allowing traders to start trading immediately after purchasing a challenge and receiving login credentials.

Traders can purchase multiple Funded Account Challenges simultaneously, up to a combined starting equity of $200,000. Cove Funded accepts major credit/debit cards and cryptocurrency payments, simplifying the process of joining their challenges.

The firm offers competitive leverage, ranging from 1:100 for the Two Phase Challenge to 1:30 for the One Phase and Swing Challenges. However, the use of trading robots (BOTs) or Expert Advisors (EAs) is strictly prohibited, ensuring a fair trading environment.

Cove Funded supports robust risk management practices and actively monitors trading strategies to promote sustainable and profitable trading behaviors. The firm restricts the use of an account’s full margin for single positions and regularly updates its policies to maintain the integrity of its platform.