Phoenix Trader Funding
Two of its six plans change the drawdown model at the stage boundary: both Spark cards carry the rows "Drawdown Type Eval EOD Drawdown Type Funded Real-Time", so the floor is measured once a day while you are being examined and continuously once the account can pay you. Phoenix ranks those two methods itself, on the page it sells from — "the EOD calculation method is by far the most advantageous for you". Classic does not shift and Merit is static at both stages, so the code is earned by Spark alone.
Six products, three families, and a rule book that lives outside the contract: the word drawdown appears nowhere in the Terms of Use, and the shop page carrying the operative rules says they change and that you will be told on Discord. That same page contradicts its own cards four times — every card promises a $75 minimum payout and five qualifying days while its FAQ answers "The minimum amount for a payout is $500" and ten, "in all cases"; every card says "Buffer / Safety Net None" while the FAQ requires $100 of profit left behind after each withdrawal; every card row says news trading is allowed while the FAQ disqualifies the account for it, funded or not. The Merit page contradicts itself on one screen: "there are no total drawdowns , no daily drawdowns" sits above a card setting a $2,000 static total drawdown on a $2.000 account. An earlier charge that a payout moves the floor is retracted — no sentence on any of the six saved pages says so.
Not enough published data to simulate this firm’s floor.
Crossed one of the seven hard bars. Open the row and it names which one, with the mechanism spelled out. This is not a low grade — no quantity of virtue elsewhere buys it off, which is why it carries no rank at all.
Disqualified for
Drawdown changes when funded
Sold under one rule, traded under a harder one. The account you qualified for is not the account you are given, and the difference is only legible after you have paid.
What they published
“Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time”“All this may seem not very easy at first, but in the end, all you need to remember is that the
EOD calculation method is by far the most advantageous for you.”“In fact, once your trailing drawdown exceeds your initial account balance +100$, it stops.”“- The minimum amount for a payout is $500.”“Please note that as we are constantly developing, payout rules are subject to change. You will
be notified of any changes via our social networks or our Discord.”Scorecard
3Trails your live equity and never stops
No entity named, or the licence belongs to someone else
A lifetime ceiling, or a rule that can block payment
The risk rule changes after you have paid
Under a year, or too few reviews to mean anything
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
The score is published anyway, because it is the honest picture: a firm can be strong on four axes and still be disqualified on one mechanism. A disqualifier is not a low grade — it is a rule we will not trade under at any price.
Plan by plan
6 of this firm’s challenges were read plan by plan, with a citation behind every answer. See them side by side →
6% target against 6% of room, EOD trailing in the exam. The funded stage has no drawdown-type row at all — where both Spark cards state theirs, all three Classic cards jump from the trailing figure to the daily one — so what the floor does after funding is their silence, softened by a FAQ answer that the trailing stops at initial balance + $100.
Same rule book as the Starter at twice the balance, and the ratio worsens: the target stays at 6% of the account and the room falls to 4%. The $100 lock costs the same on both, so the floor chases this trader for proportionally longer.
The largest account and the worst ratio: 6% to make against 3% to lose. It is also the only plan whose payout ceiling can be quoted with its size, because the firm's own worked example uses a $100,000 account — $2,000 a request, two per cent of the balance, against a target asking for six.
The plan that earns the disqualifier: end-of-day while you are examined, real-time once funded, both stated in adjacent rows of its own card. Nothing on any saved page says whether that real-time floor ever stops rising — the only sentence about a trailing drawdown stopping opens by scoping itself to Classic accounts.
The cheapest account on the site and the same regime change as its larger twin. Read its floor against the Classic Starter, sold at the same balance: $1,000 of room here against $1,500 there, for the same $1,500 target.
Static at both stages, no profit target, thirty calendar days, straight to a live account at EdgeClear — and no pass mark. A risk team and, in the firm's words, an AI decide at the end who deserves funding, and the page says money made is not the criterion: "We can deny funding to someone who has generated $30,000 and give it to someone who has generated $500." The same page sells the account as drawdown-free above a card setting a $2,000 static total drawdown — the whole balance — plus a 25% daily one whose base is never defined.
Trustpilot
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
2/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
2/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
3/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $14.40/8
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in2 days2/2
“2 Days to pass
To succeed, you simply need to respect a 50% consistency rule on the challenge. There is no consistency rule on the funded account.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target6%—
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceThey do not say.it does not move at all0/3
“* : End-Of-Day [Drawdown], means the trailing drawdown is updated once a day, at 1:00AM UTC+2”we read the page that should answer this and it does not
“Live Funding Drawdown Type
Static”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“In fact, once your trailing drawdown exceeds your initial account balance +100$, it stops.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstThey do not say.no changewe did not read this stage0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.we did not read this stagewe did not read this stage2/2
“No Daily Drawdown
Manage your risk as you see fit, with total freedom over the size of your one-day loss.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed6%we did not read this stagewe did not read this stage—
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”How much room you have. Worth little, because almost every firm offers the same.
Total loss allowed (funded)
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe account ends0/3
“- The maximum payout amount is set at $2,000/payout ,
subject to a limit of 3 times the account's total drawdown OR
$6,000 . Once this amount has been exceeded, a manual review
of your account will be carried out
and you will be transferred to a real account on Broker .
- To request a payout, your account must have at least $100 in profit remaining AFTER the
payout.
For example, if you want to withdraw $2,000 from a $100,000 account, you must have a balance
of $102,100. This measure is designed to provide you with a "safety net" after your payout”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey publish no ceiling.They state there is none.3/3
we read the page that should answer this and it does not
“To succeed, you simply need to respect a 50% consistency rule on the challenge. There is no consistency rule on the funded account.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Phoenix reserves the right to limit access to, modify, change, or discontinue any part or all of the Services provided on this site at any time and without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money10 days2/2
“- In all cases, the 1st payout is available after 10 trading days on the funded account.”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“Buffer / Safety Net
None”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Phoenix does not allow "Tier 1" news trading, i.e. you must not be in a position 2 minutes
before the news until 2 minutes after.”“Consequently, any breach of the above-mentioned rule will result in disqualification of the
account on which the offence was committed, regardless of whether it was a funded account or a
challenge”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey state there is none.we did not read this stage—
“No Minimum Trade Duration
We are Scalpers ourselfves! Consequently we do not set any minimum duration for trades. Even if your trades last a few seconds on average”Forced close before the weekendThey do not say.no change—
we read the page that should answer this and it does not
LeverageNo such thing in this plan.we did not read this stage—
“Max Contracts
From 1 to 1.5”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards live financing, coupled with our Scaling plans.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.52.40/8
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in2 days2/2
“2 Days to pass
To succeed, you simply need to respect a 50% consistency rule on the challenge. There is no consistency rule on the funded account.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target6%—
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceThey do not say.it does not move at all0/3
“* : End-Of-Day [Drawdown], means the trailing drawdown is updated once a day, at 1:00AM UTC+2”we read the page that should answer this and it does not
“Live Funding Drawdown Type
Static”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“In fact, once your trailing drawdown exceeds your initial account balance +100$, it stops.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstThey do not say.no changewe did not read this stage0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.we did not read this stagewe did not read this stage2/2
“No Daily Drawdown
Manage your risk as you see fit, with total freedom over the size of your one-day loss.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%we did not read this stagewe did not read this stage—
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”How much room you have. Worth little, because almost every firm offers the same.
Total loss allowed (funded)
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe account ends0/3
“- The maximum payout amount is set at $2,000/payout ,
subject to a limit of 3 times the account's total drawdown OR
$6,000 . Once this amount has been exceeded, a manual review
of your account will be carried out
and you will be transferred to a real account on Broker .
- To request a payout, your account must have at least $100 in profit remaining AFTER the
payout.
For example, if you want to withdraw $2,000 from a $100,000 account, you must have a balance
of $102,100. This measure is designed to provide you with a "safety net" after your payout”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey publish no ceiling.They state there is none.3/3
we read the page that should answer this and it does not
“To succeed, you simply need to respect a 50% consistency rule on the challenge. There is no consistency rule on the funded account.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Phoenix reserves the right to limit access to, modify, change, or discontinue any part or all of the Services provided on this site at any time and without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money10 days2/2
“- In all cases, the 1st payout is available after 10 trading days on the funded account.”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“Buffer / Safety Net
None”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Phoenix does not allow "Tier 1" news trading, i.e. you must not be in a position 2 minutes
before the news until 2 minutes after.”“Consequently, any breach of the above-mentioned rule will result in disqualification of the
account on which the offence was committed, regardless of whether it was a funded account or a
challenge”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey state there is none.we did not read this stage—
“No Minimum Trade Duration
We are Scalpers ourselfves! Consequently we do not set any minimum duration for trades. Even if your trades last a few seconds on average”Forced close before the weekendThey do not say.no change—
we read the page that should answer this and it does not
LeverageNo such thing in this plan.we did not read this stage—
“Max Contracts
3 (30 micros)”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards live financing, coupled with our Scaling plans.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $20.80/8
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in2 days2/2
“2 Days to pass
To succeed, you simply need to respect a 50% consistency rule on the challenge. There is no consistency rule on the funded account.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target6%—
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceThey do not say.it does not move at all0/3
“* : End-Of-Day [Drawdown], means the trailing drawdown is updated once a day, at 1:00AM UTC+2”we read the page that should answer this and it does not
“Live Funding Drawdown Type
Static”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingsomewhere above your starting balance1.50/3
“In fact, once your trailing drawdown exceeds your initial account balance +100$, it stops.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstThey do not say.no changewe did not read this stage0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.we did not read this stagewe did not read this stage2/2
“No Daily Drawdown
Manage your risk as you see fit, with total freedom over the size of your one-day loss.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed3%we did not read this stagewe did not read this stage—
“Starting Balance
$25.000
Max Contracts
From 1 to 1.5
Profit Goal
$1500
Trailing Drawdown (EOD)
$1500
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$89
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$100
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1250
Live Funding Drawdown Type
Static
$89 /MONTH
START NOW
Growth
Starting Balance
$50.000
Max Contracts
3 (30 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Daily Drawdown
Consistency Rule Eval
50%
Consistency Rule Funded
Activation Fees
Minimum Trading Days
2
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$128
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$200
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
-15%
CODE
GROWTH
$128 /MONTH
$108.80 /MONTH
START NOW
Scale
Starting Balance
$100.000
Max Contracts
6 (60 micros)
Profit Goal
$6000
Trailing Drawdown (EOD)
$3000”How much room you have. Worth little, because almost every firm offers the same.
Total loss allowed (funded)
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe account ends0/3
“- The maximum payout amount is set at $2,000/payout ,
subject to a limit of 3 times the account's total drawdown OR
$6,000 . Once this amount has been exceeded, a manual review
of your account will be carried out
and you will be transferred to a real account on Broker .
- To request a payout, your account must have at least $100 in profit remaining AFTER the
payout.
For example, if you want to withdraw $2,000 from a $100,000 account, you must have a balance
of $102,100. This measure is designed to provide you with a "safety net" after your payout”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey publish no ceiling.They state there is none.3/3
we read the page that should answer this and it does not
“To succeed, you simply need to respect a 50% consistency rule on the challenge. There is no consistency rule on the funded account.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Phoenix reserves the right to limit access to, modify, change, or discontinue any part or all of the Services provided on this site at any time and without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money10 days2/2
“- In all cases, the 1st payout is available after 10 trading days on the funded account.”How long your money is theirs.
Most one withdrawal can pay you2.0% of the account, at worst0.50/2
“- The maximum payout amount is set at $2,000/payout ,
subject to a limit of 3 times the account's total drawdown OR
$6,000 . Once this amount has been exceeded, a manual review
of your account will be carried out
and you will be transferred to a real account on Broker .
- To request a payout, your account must have at least $100 in profit remaining AFTER the
payout.
For example, if you want to withdraw $2,000 from a $100,000 account, you must have a balance
of $102,100. This measure is designed to provide you with a "safety net" after your payout”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“Buffer / Safety Net
None”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Phoenix does not allow "Tier 1" news trading, i.e. you must not be in a position 2 minutes
before the news until 2 minutes after.”“Consequently, any breach of the above-mentioned rule will result in disqualification of the
account on which the offence was committed, regardless of whether it was a funded account or a
challenge”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey state there is none.we did not read this stage—
“No Minimum Trade Duration
We are Scalpers ourselfves! Consequently we do not set any minimum duration for trades. Even if your trades last a few seconds on average”Forced close before the weekendThey do not say.no change—
we read the page that should answer this and it does not
LeverageNo such thing in this plan.we did not read this stage—
“Max Contracts
6 (60 micros)”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards live financing, coupled with our Scaling plans.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.52.40/8
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in1 days2/2
“1 Day to pass
You can validate the challenge in only a single day!”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target6%—
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceit rises tick by tick, while you tradeit does not move at all0/3
“EOD Drawdown
During the challenge, drawdown is calculated at the end of each day (EOD).”“Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time”“Live Funding Drawdown Type
Static”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
What the limit is measured againstThey do not say.no changewe did not read this stage0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.we did not read this stagewe did not read this stage2/2
“Good Rules
No Daily Drawdown”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%we did not read this stagewe did not read this stage—
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”How much room you have. Worth little, because almost every firm offers the same.
Total loss allowed (funded)
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe account ends0/3
“- The maximum payout amount is set at $2,000/payout ,
subject to a limit of 3 times the account's total drawdown OR
$6,000 . Once this amount has been exceeded, a manual review
of your account will be carried out
and you will be transferred to a real account on Broker .
- To request a payout, your account must have at least $100 in profit remaining AFTER the
payout.
For example, if you want to withdraw $2,000 from a $100,000 account, you must have a balance
of $102,100. This measure is designed to provide you with a "safety net" after your payout”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Phoenix reserves the right to limit access to, modify, change, or discontinue any part or all of the Services provided on this site at any time and without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money10 days2/2
“- In all cases, the 1st payout is available after 10 trading days on the funded account.”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“No Payout Buffer”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Phoenix does not allow "Tier 1" news trading, i.e. you must not be in a position 2 minutes
before the news until 2 minutes after.”“Consequently, any breach of the above-mentioned rule will result in disqualification of the
account on which the offence was committed, regardless of whether it was a funded account or a
challenge”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey state there is none.we did not read this stage—
“No Minimum Holding Time”Forced close before the weekendThey do not say.no change—
we read the page that should answer this and it does not
LeverageNo such thing in this plan.we did not read this stage—
“Max Contracts
4 (40 micros)”Limit on position size4we did not read this stage—
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.52.40/8
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey do not say.0/3
we read the page that should answer this and it does not
A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in1 days2/2
“1 Day to pass
You can validate the challenge in only a single day!”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
Profit target6%—
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”A second attempt costs
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceit rises tick by tick, while you tradeit does not move at all0/3
“EOD Drawdown
During the challenge, drawdown is calculated at the end of each day (EOD).”“Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time”“Live Funding Drawdown Type
Static”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingThey do not say.0/3
we read the page that should answer this and it does not
The difference between a danger with an end date and one that never ends.
What the limit is measured againstThey do not say.no changewe did not read this stage0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.we did not read this stagewe did not read this stage2/2
“Good Rules
No Daily Drawdown”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%we did not read this stagewe did not read this stage—
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”How much room you have. Worth little, because almost every firm offers the same.
Total loss allowed (funded)
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe account ends0/3
“- The maximum payout amount is set at $2,000/payout ,
subject to a limit of 3 times the account's total drawdown OR
$6,000 . Once this amount has been exceeded, a manual review
of your account will be carried out
and you will be transferred to a real account on Broker .
- To request a payout, your account must have at least $100 in profit remaining AFTER the
payout.
For example, if you want to withdraw $2,000 from a $100,000 account, you must have a balance
of $102,100. This measure is designed to provide you with a "safety net" after your payout”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.no change0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“Phoenix reserves the right to limit access to, modify, change, or discontinue any part or all of the Services provided on this site at any time and without notice.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money10 days2/2
“- In all cases, the 1st payout is available after 10 trading days on the funded account.”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“No Payout Buffer”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through itno change—
“Phoenix does not allow "Tier 1" news trading, i.e. you must not be in a position 2 minutes
before the news until 2 minutes after.”“Consequently, any breach of the above-mentioned rule will result in disqualification of the
account on which the offence was committed, regardless of whether it was a funded account or a
challenge”Mandatory stop-lossThey do not say.no change—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey state there is none.we did not read this stage—
“No Minimum Holding Time”Forced close before the weekendThey do not say.no change—
we read the page that should answer this and it does not
LeverageNo such thing in this plan.we did not read this stage—
“Max Contracts
2 (20 micros)”Limit on position size2we did not read this stage—
“Great Price
$69 for a $50K
$39 for a $25K
Only $29 activation Fees
The purpose of a prop firm account
A clear path to Live Funding
As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.
You can learn about the Live Funding process in our FAQ
Learn More
Powered By Odin , our own trading platform!
Since Spark accounts work with TFeed, you can also connect with Tradovate, Rithmic, Tradingview, dxFeed, and NinjaTrader (including Ninja’s SIM accounts).
Ready to try it out?
Pick an Account and Become A Phoenix Funded Trader!
BEST SELLER
Growth
Starting Balance
$50.000
Max Contracts
4 (40 micros)
Profit Goal
$3000
Trailing Drawdown (EOD)
$2000
Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time
Daily Drawdown
Consistency Rule Eval
Consistency Rule Funded
30%
Activation Fees
$29
Minimum Trading Days
1
Phoenix Ecosystem Tools
Phoenix Academy™
See more
News Trading
Allowed
Market Data (Level 1)
Reset Banking
Reset Coupons
Unlimited Practice Accounts
Reset Fee
$69
Scaling Plan
in the Evaluation
in the Sim Funded Account
Payout Rules
Minimum Days
5
Minimum Profit Per Day
$175
Min. Payout
$75
Payout Frequency
Bi-Weekly
Buffer / Safety Net
None
Live Funding
Live Funding After
4
Live Funding Amount
$1500
Live Funding Drawdown Type
Static
$69 /MONTH
START NOW
Starter
Starting Balance
$25.000
Max Contracts
2 (20 micros)
Profit Goal
$1500
Trailing Drawdown (EOD)
$1000”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“As a prop firm, we have no interest in keeping you in simulation, which is why we have set up a clear plan towards Live Funding.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
Days you have to finish30 days1.05/3
“Minimum Calendar Days
1
Maximum Calendar Days
30”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in1 days2/2
“Minimum Calendar Days
1
Maximum Calendar Days
30”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“No, you cannot reset or extend any of the Merit accounts.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetThey state there is none.—
“No Targets
No Max Drawdown
No Profit Goal”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
How much you must win to survive
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“Total Drawdown (STATIC)
$2000”“Live Funding Drawdown Type
Static”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstThey do not say.we did not read this stage0/2
we read the page that should answer this and it does not
Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitThey do not say.0/2
we read the page that should answer this and it does not
Taking your money out should not leave you closer to losing the account.
Daily limitThey do not say.we did not read this stage0/2
we read the page that should answer this and it does not
A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Where the limit stops risingNo such thing in this plan.—
“Total Drawdown (STATIC)
$2000”The difference between a danger with an end date and one that never ends.
Total loss allowed (phase 1)
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey do not say.0/3
we read the page that should answer this and it does not
Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“We can deny funding to someone who has generated $30,000 and give it to someone who has generated $500.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for moneyThey state there is none.2/2
“0 Payout Rules
Minimum Days
0”How long your money is theirs.
Most one withdrawal can pay youThey state there is none.2/2
“Maximum withdrawal: None”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“No Restrictions
No Strategy Limitation
No Payout Restrictions”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou must be flat through it—
“Phoenix does not allow "Tier 1" news trading, i.e. you must not be in a position 2 minutes
before the news until 2 minutes after.”Mandatory stop-lossThey do not say.—
we read the page that should answer this and it does not
Minimum time a trade must be heldThey do not say.—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.—
“Almost No Rules
No Minimum Days
No Overnight/Overweek”LeverageNo such thing in this plan.—
“Max Contracts
2 (20 micros)”Limit on position size2—
“Starting Balance
$2.000
Max Contracts
2 (20 micros)
Profit Goal
None
Trailing Drawdown (EOD)
Total Drawdown (STATIC)
$2000
Daily Drawdown
25% Dynamic
Minimum Calendar Days
1
Maximum Calendar Days
30
Activation Fees
Live-Funded Amount
$2000
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
Performance Review™
Included
See more
News Trading
Allowed
Market Data (Level 1)
Unlimited Practice Accounts
Reset Allowed
0 Payout Rules
Minimum Days
0
Minimum Profit Per Day
$0
Min. Payout
$0
Payout Frequency
On Live Only
Buffer / Safety Net
None
Live Funding
Live Funding After
Immediately
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
$69 /ONE-TIME”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a real market—
“At no time in Merit accounts do you trade in a simulation environment.
As soon as you are accepted, you are redirected to a Live Funding environment, allowing you to break all payout barriers.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin a help-centre article the contract never mentions1.20/4
“Learn more about the payout rules of Classic Accounts here”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“Phoenix reserves the right to modify these Terms at any time without prior notice.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedThey do not say.0/2
we read the page that should answer this and it does not
Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
the payout terms · costs money
“The minimum payout for these accounts is just $75, with no buffer or consistency rules, making it easy to get paid for your efforts.”“- The minimum amount for a payout is $500.”the payout terms · costs money
“Challenge To Payout : 6 days”“- In all cases, the 1st payout is available after 10 trading days on the funded account.”the payout terms · costs money
“No Buffer for payouts
You're not required to make a buffer before taking a payout home”“- To request a payout, your account must have at least $100 in profit remaining AFTER the
payout.”the drawdown rule · costs money
“With Merit Accounts, there are no total drawdowns , no daily drawdowns , no activation fees and no subscriptions . In fact, there are no rules at all — just one simple condition:”“Starting Balance
$2.000
Max Contracts
2 (20 micros)
Profit Goal
None
Trailing Drawdown (EOD)
Total Drawdown (STATIC)
$2000
Daily Drawdown
25% Dynamic
Minimum Calendar Days
1
Maximum Calendar Days
30
Activation Fees
Live-Funded Amount
$2000
Phoenix Ecosystem Tools
Phoenix Instant Logger™
Phoenix Academy™
Performance Review™
Included
See more
News Trading
Allowed
Market Data (Level 1)
Unlimited Practice Accounts
Reset Allowed
0 Payout Rules
Minimum Days
0
Minimum Profit Per Day
$0
Min. Payout
$0
Payout Frequency
On Live Only
Buffer / Safety Net
None
Live Funding
Live Funding After
Immediately
Live Funding Amount
$2000
Live Funding Drawdown Type
Static
$69 /ONE-TIME”who stands behind the account · costs credibility
“Please carefully read and review the following Terms of Use ("Terms") as they govern your use of the Services provided by Phoenix Trader Funding ("Phoenix", "we", "us").”“Phoenix Trading Funding is a French SAS (simplified joint stock company) registered in Paris, France, under SIRET n°97871533200018 and registered in the Commercial Register under the identifier : Paris B 978 715 332”who stands behind the account · costs credibility
“Phoenix Trader Funding - Top Futures Prop Trading Firm in the US”“Headquarters Paris, France.”whether the account reaches a real market · costs credibility
“The Client's trading activities will be conducted within a simulated trading environment utilizing virtual funds.”“At no time in Merit accounts do you trade in a simulation environment.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withPhoenix Trading Funding (SAS)no change4/4
“Phoenix Trading Funding is a French SAS (simplified joint stock company) registered in Paris, France”With no named company there is nobody to sue.
Where it is registeredwe did not read this stageParis, France1/2
“Headquarters Paris, France.”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration numberwe did not read this stageSIRET 97871533200018 · RCS Paris B 978 715 3322/2
“under SIRET n°97871533200018 and registered in the Commercial Register under the identifier : Paris B 978 715 332”What turns a name into something checkable in a public register.
That company owns the brandThey do not say.0/2
we read the page that should answer this and it does not
Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are namedyes2/2
“Léon Grimm
Founder & CEO”Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with a published route to a live stage2/4
“2. Simulation to Live Trading Transition: Phoenix monitors the simulated trading accounts for consistent trading behavior and risk management over an extended period. Following successful performance in the simulated environment, the Client may be transitioned to an actual live funded trading account, subject to Phoenix’s standard evaluation criteria.”The question that separates a firm that earns when you lose from one that earns when you last.
The broker or clearer namedEdgeClear3/3
“Your Live Funjding will be provided by{" "}
EdgeClear , one of the
most reputable futures brokers.”Almost nobody names one, because almost no account reaches a market. It adds when present.
Conditions to reach a real marketThey do not say.0/2
we read the page that should answer this and it does not
Promising a route to a real market without publishing the conditions is promising nothing.
We read the rules of every plan it sells and issued a verdict on each one.