Phoenix Trader Funding drawdown rules
When the loss limit rises, what it is measured against, where it stops rising and what a payout does to it, in the firm’s own words.
What makes the loss limit rise · phase 1
Our reading
It rises with the day's closing balance
“* : End-Of-Day [Drawdown], means the trailing drawdown is updated once a day, at 1:00AM UTC+2”rules page · phoenixtraderfunding.com/classic-accounts · 2026-08-04 · saved copy
Plans: Classic Starter, Classic Growth, Classic Scale
Where the limit stops rising
Our reading
Somewhere above your starting balance
“In fact, once your trailing drawdown exceeds your initial account balance +100$, it stops.”rules page · phoenixtraderfunding.com/evaluations · 2026-08-04 · saved copy
Plans: Classic Starter, Classic Growth, Classic Scale
Daily limit · phase 1
“No Daily Drawdown
Manage your risk as you see fit, with total freedom over the size of your one-day loss.”rules page · phoenixtraderfunding.com/classic-accounts · 2026-08-04 · saved copy
Plans: Classic Starter, Classic Growth, Classic Scale
What makes the loss limit rise · phase 1
Our reading
It rises with the day's closing balance
“EOD Drawdown
During the challenge, drawdown is calculated at the end of each day (EOD).”rules page · phoenixtraderfunding.com/spark-accounts · 2026-08-04 · saved copy
Plans: Spark Growth, Spark Starter
What makes the loss limit rise · funded
Our reading
It rises tick by tick, while you trade
“Drawdown Type Eval
EOD
Drawdown Type Funded
Real-Time”rules page · phoenixtraderfunding.com/spark-accounts · 2026-08-04 · saved copy
Plans: Spark Growth, Spark Starter
See Phoenix Trader Funding’s full page →Phoenix Trader Funding payout rules →
This is what the firm publishes, not our opinion. When a firm changes a sentence we see it, and the date moves.