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Phoenix Trader Funding

Verified4.5 on Trustpilot · 263 reviewsFuturesphoenixtraderfunding.com ↗
Verified: no warning signs on 7 Nov 2026 Trustpilot 4.5 on 263 reviews, no current warning on its profile, and no pattern of refused or unpaid withdrawals in what we read.
Checked against 42 sources, including the firm’s own pages and its Trustpilot profile, 7 Nov 2026.
Best value at Phoenix Trader Funding Merit · 2K
Evaluation · Futures · one-time fee
$2,000 end of day$34.50 per $1,000 of drawdown, the lowest at this firm
$69.00
Price read on the firm’s page, 7 Nov 2026.
6programs · 11 priced sizes
$59.40/mocheapest account · Daily 10K
$34.50best price per $1K drawdown
#4 of 26on drawdown per $ among futures firms we list

Every account and price

Pick a price to see its rules.
Cheapest third per $1K drawdown in its market and sizeMiddle thirdPriciest third
Program
2K
10K
25K
50K
100K
ClassicFutures · end of day · monthly
DailyFutures · end of day · monthly
SparkFutures · intraday
Labs, Classic AgileFutures · end of day
Labs, Bedrock 25K StaticFutures · static
MeritFutures · end of day
Each cell: the price with today’s discount, and the price per $1,000 of max drawdown. Colors compare with every listed firm at the same market and size.
Selected account Classic · 50K
$89.60/mo$128.00Save 30%
Grey: your balance. Dashed: where the account closes.
Max drawdown$2,000 end of day. The limit moves up with your highest closing balance, once a day. Open profits during the day do not move it. Trails, then stops at the starting balance.
Daily loss limitNone. Only the max drawdown applies.
Profit target$3,000 to pass
Profit split90% to you
PlatformsNinjaTrader, Tradovate, Rithmic, TradingView, Quantower
Bots and EAsHand trading only
BillingMonthly subscription
Price per $1K drawdown, futures 50K
This account$45
Median, 76 accounts$72
Lowest listed$24
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Trust check

Our listing bar, checked 7 Nov 2026
Trustpilot rating of 4.0 or more
4.5 on 263 reviews
No pattern of unpaid withdrawals
None found in reviews and news we read.
No retroactive rule changes
None found.
Payout terms written down
Payout rules are published.
Rules published for every program
6 programs, 11 sizes read from its own pages.

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Every program, in full

Phoenix Trader Funding: 6 programs, 11 sizes

The rules as Phoenix Trader Funding publishes them on its own pages, read 7 Nov 2026. Open a program to see each size, the evaluation, the funded account, payouts, what the firm leaves unsaid, and the pages we read.

Trustpilot4.5 ★4.5 of 5, 263 reviews, read 7 Nov 2026Read the reviews on Trustpilot
Soonest $1,000 paid outMon 23 NovLabs, Bedrock 25K Static 25K · 7 days · above its safe daily target. Modelled by Propsoon from the firm's payout rules, for an account bought on 6 Nov.How each size pays, on Propsoon
The firmphoenixtraderfunding.comFutures · VerifiedOpen to traders in Hungary: not stated by the firmVisit phoenixtraderfunding.com

Classic

1-stepFuturesMonthly3 sizesHand trading onlyfrom $62.30/mo · best $41.53 per $1K drawdown
SizePriceMax drawdown (funded)Daily loss limitTargetSplitSmallest payout
25K$62.30/mo$89 · save 30%code CUP30$1,500 trailing, locks at the start, moves to the start after a payout$41.53 per $1Knone$1,50090%$75
50K$89.60/mo$128 · save 30%code CUP30$2,000 trailing, locks at the start, moves to the start after a payout$44.80 per $1Knone$3,00090%$75
100K$188.30/mo$269 · save 30%code CUP30$3,000 trailing, locks at the start, moves to the start after a payout$62.77 per $1Knone$6,00090%$75
Evaluation · 25K size
Challenge$1,500 target, at least 2 trading days, best day at most 50% of the profit; $1,500 max loss
Pre-funded account · 25K sizeMax loss: $1,500 trailing, locks at the start, moves to the start after a payout. Daily loss: none.
Payouts · 25K sizeFirst payout: after 5 trading days, 5 days of at least $100, at least $75 a request; Then: every 5 trading days, 5 days of at least $100; $1,500 has to stay. Caps: $600 a payout. Split: 90% on every payout.
Payouts in briefWeekly: 5 days of $100+ ($200+/$300+ at 50K/100K) per payout, above a buffer equal to the drawdown; $75 to $600/$1,000/$2,000; 90%; live after 4.
The rules in fullMonthly one-step evaluation (Starter/Growth/Scale V3): 6% target, EOD trailing drawdown, no daily drawdown, 50% consistency, 2 days. Pre-funded: same EOD drawdown, which stops trailing at the starting balance and is set there at the first withdrawal; locked buffer equal to the drawdown; 5 winning days of $100/$200/$300 before each payout (weekly); $75 minimum; $600/$1,000/$2,000 per payout; no funded consistency; 90% split; live (EdgeClear, static) after 4 payouts.
Watch outNo overnight or weekend positions at any stage; a breach can cost the funded account or a payout. Hedging across accounts, account rolling and cross-account martingale are banned. 7 days without a trade closes a pre-funded account. Monthly fee until you pass.
Hand trading onlyHFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
PlatformsNinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Codes and salesCUP30: 30% (Classic Starter/Growth/Scale V3 (monthly)) (official, not shown on the official cards (third-party sites: 2026-11-18))
Position limits1 mini / 15 micros; scales with profit at $1K/$2K/$4K
What the firm doesn't sayEvery modelled value is now from Phoenix's own pages: monthly prices with CUP30 (cards), targets, EOD drawdowns, 50% evaluation consistency and 2 minimum days (Classic rules article), and the payout table (5 winning days before each payout, $75 minimum, locked buffer, caps, 90%, live after 4 payouts). The funded drawdown stops trailing at the starting balance and is set there at the first withdrawal (was 'not documented'). One graphic on the Classic page says '$0 minimum payout'; the payout table, the cards and the same page's text say $75, which is used. Payout processing: up to 2 to 3 business days, then the processor's own time (help centre); the Terms say approved payouts are normally sent within 3 business days; the processor's time is not stated (2 business days assumed). The funded account follows a review of up to 72 hours after passing plus KYC and a contract signed within 48 hours (3 trading days used). The dxFeed surcharge that review sites quote is not on the official cards (the billing article only mentions optional dxFeed depth data), so it is no longer applied.
Rules for every size
SizeMax lossDaily lossPayout conditionsCapsSplit
25K$1,500 trailing, locks at the start, moves to the start after a payoutnoneFirst payout: after 5 trading days, 5 days of at least $100, at least $75 a request; Then: every 5 trading days, 5 days of at least $100; $1,500 has to stay$600 a payout90% on every payout
50K$2,000 trailing, locks at the start, moves to the start after a payoutnoneFirst payout: after 5 trading days, 5 days of at least $200, at least $75 a request; Then: every 5 trading days, 5 days of at least $200; $2,000 has to stay$1,000 a payout90% on every payout
100K$3,000 trailing, locks at the start, moves to the start after a payoutnoneFirst payout: after 5 trading days, 5 days of at least $300, at least $75 a request; Then: every 5 trading days, 5 days of at least $300; $3,000 has to stay$2,000 a payout90% on every payout
Pages we read (13)

Daily

1-stepFuturesMonthly3 sizesHand trading onlyfrom $59.40/mo · best $79.60 per $1K drawdown
SizePriceMax drawdown (funded)Daily loss limitTargetSplitSmallest payout
10K$59.40/mo$99 · save 40%code CUP40$600 trailing, locks at the start$99.00 per $1Knone$60080%$75
25K$119.40/mo$199 · save 40%code CUP40$1,500 trailing, locks at the start$79.60 per $1Knone$1,50080%$75
50K$197.40/mo$329 · save 40%code CUP40$2,000 trailing, locks at the start$98.70 per $1Knone$3,00080%$75
Evaluation · 10K size
Challenge$600 target, at least 2 trading days, best day at most 50% of the profit; $600 max loss
Sim Funded account · 10K sizeMax loss: $600 trailing, locks at the start. Daily loss: none.
Payouts · 10K sizeFirst payout: after 7 trading days, at least $75 a request; $600 has to stay. Caps: $200 a payout; $1,500 in all. Split: 80% on every payout.
Payouts in briefNothing until a threshold equal to the drawdown is built, then each green day pays 3 trading days later; $75 to $200/$500/$1,000 a day; 80% split.
The rules in fullOne-step evaluation (Seed/Starter/Growth), the same as Classic: 6% target, EOD trailing drawdown, no daily drawdown, 50% consistency, 2 days. Sim Funded: nothing is withdrawable until a Security Threshold equal to the drawdown is built (traded at half size); then each green day above it matures over 3 trading days (5 for a day worth more than 30% of total profit) and can be requested from $75, up to $200/$500/$1,000 per trading day ($1,000 a day per trader across Daily accounts); 80% split; EOD trailing drawdown that stops once the threshold is cleared; moves to live once $1,200/$3,000/$6,000 has been received (the 80% share).
Watch outHalf size until the threshold is built. A day over 30% of profit waits 5 trading days. Sim payouts end at $1,200/$3,000/$6,000 received, then live. No overnight or weekend positions. Up to 3 Daily accounts, $1,000 a day across them.
Hand trading onlyHFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
PlatformsNinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Codes and salesCUP40: 40% (Daily Seed/Starter/Growth) (official, not shown on the official cards (third-party sites: 2026-11-18))
Position limits6 micros
What the firm doesn't sayNow official: prices with CUP40 (cards), evaluation rules, the daily payout table (caps, $75 minimum, locked buffer, 80%), maturation and the lifetime totals. The Daily page says nothing is withdrawable until the Security Threshold (equal to the drawdown) is built and only green days above it mature over 3 trading days; the help-centre example lets a first-day profit mature from day 1. The threshold reading is used (slower): with days at the daily cap the first request comes on funded day 7 (our earlier reading of the rules had day 4, and day 3 at 50K). Big days: the Daily page and the cards say any day over 30% of total profit matures in 5; the help centre adds a dollar minimum equal to the daily cap; the 30%-only reading is used. Lifetime totals count the 80% share received, so sim withdrawals run to $1,500/$3,750/$7,500 gross (our earlier reading had $1,200/$3,000/$6,000 gross). Conflicts not used by the model: reset fee $59/$114/$189 on the cards vs $39/$69/$99 in the rules article (higher kept); the cards say one-time while the billing article says Daily renews every 30 days (taken as monthly). Payout time: the Daily page promises under 24 hours or doubled; the help centre says 2 to 3 business days plus the processor's time, which is used. Payout processing: up to 2 to 3 business days, then the processor's own time (help centre); the Terms say approved payouts are normally sent within 3 business days; the processor's time is not stated (2 business days assumed). The funded account follows a review of up to 72 hours after passing plus KYC and a contract signed within 48 hours (3 trading days used).
Rules for every size
SizeMax lossDaily lossPayout conditionsCapsSplit
10K$600 trailing, locks at the startnoneFirst payout: after 7 trading days, at least $75 a request; $600 has to stay$200 a payout; $1,500 in all80% on every payout
25K$1,500 trailing, locks at the startnoneFirst payout: after 7 trading days, at least $75 a request; $1,500 has to stay$500 a payout; $3,750 in all80% on every payout
50K$2,000 trailing, locks at the startnoneFirst payout: after 7 trading days, at least $75 a request; $2,000 has to stay$1,000 a payout; $7,500 in all80% on every payout
Pages we read (12)

Spark

1-stepFuturesOne-time fee2 sizesHand trading onlyfrom $64.20 · best $88.20 per $1K drawdown
SizePriceMax drawdown (funded)Daily loss limitTargetSplitSmallest payout
10K$64.20$73 · save 12%code CUP20$400 trailing, locks at the start, moves to the start after a payout$160.50 per $1Knone$60090%$30
25K$88.20$103 · save 14%code CUP20$1,000 trailing, locks at the start, moves to the start after a payout$88.20 per $1Knone$1,50090%$75
Evaluation · 10K size
Challenge$600 target; $400 max loss
Pre-funded account · 10K sizeMax loss: $400 trailing, locks at the start, moves to the start after a payout. Daily loss: none.
Payouts · 10K sizeFirst payout: after 5 trading days, 5 days of at least $40, best day at most 30% of the profit, at least $30 a request; Then: every 14 calendar days and 5 trading days, 5 days of at least $40, best day at most 30% of the profit. Caps: $300 a payout. Split: 90% on every payout.
Payouts in briefFirst after 5 days of $40+ ($100+ at 25K) with the best day at most 30%, then every 14 days; $30/$75 to $300/$400; 90% split; live after 4.
The rules in fullOne-time one-step evaluation (Seed/Starter): 6% target, EOD trailing drawdown, no daily drawdown, no consistency, 1 day; $29 activation on passing. Pre-funded: real-time trailing drawdown that stops at the starting balance and is set there at the first withdrawal; no buffer; 5 days of $40/$100 before the first payout, then bi-weekly; best day at most 30%; $30/$75 minimum; $300/$400 per payout; 90% split; live (EdgeClear, static) after 4 payouts.
Watch out$29 activation fee on passing. The funded drawdown trails in real time until it reaches the start. No overnight or weekend positions; a breach can cost the account or a payout. Account rolling and cross-account martingale are banned.
Hand trading onlyHFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
PlatformsNinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Codes and salesCUP20: 20% (Spark Seed/Starter) (official, not shown on the official cards (third-party sites: 2026-11-18))
Position limits1 mini / 10 micros
What the firm doesn't sayNow official: one-time prices with CUP20 and the $29 activation (cards, Spark article), evaluation rules, and the payout table. The split is 90% at both sizes (the 80% for Starter shown on review sites is wrong). The first payout comes 5 trading days into the funded account ('both reach the payout stage five trading days after you start'), so the bi-weekly interval applies only between payouts (the earlier model had it gate the first payout too). Bi-weekly is taken as 14 calendar days after the previous request. The home page footer still says 'Spark from $39 a month'; the cards and the help centre say one-time, which is used. The Spark article's 'instant validation' ('payout stage in only 5 trading days after starting') suggests the funded account comes at once, while the general article allows up to 72 hours of review: the 3 trading days are kept (slower). Payout processing: up to 2 to 3 business days, then the processor's own time (help centre); the Terms say approved payouts are normally sent within 3 business days; the processor's time is not stated (2 business days assumed). The funded account follows a review of up to 72 hours after passing plus KYC and a contract signed within 48 hours (3 trading days used).
Rules for every size
SizeMax lossDaily lossPayout conditionsCapsSplit
10K$400 trailing, locks at the start, moves to the start after a payoutnoneFirst payout: after 5 trading days, 5 days of at least $40, best day at most 30% of the profit, at least $30 a request; Then: every 14 calendar days and 5 trading days, 5 days of at least $40, best day at most 30% of the profit$300 a payout90% on every payout
25K$1,000 trailing, locks at the start, moves to the start after a payoutnoneFirst payout: after 5 trading days, 5 days of at least $100, best day at most 30% of the profit, at least $75 a request; Then: every 14 calendar days and 5 trading days, 5 days of at least $100, best day at most 30% of the profit$400 a payout90% on every payout
Pages we read (11)

Labs - Classic Agile

1-stepFuturesOne-time fee1 sizeHand trading onlyfrom $64.80 · best $64.80 per $1K drawdown
SizePriceMax drawdown (funded)Daily loss limitTargetSplitSmallest payout
25K$64.80$92.57 · save 30%code AGILE30$1,000 trailing, locks at the start + $100$64.80 per $1Knone$1,25090%$500
Evaluation · 25K size
Evaluation$1,250 target, at least 2 trading days, best day at most 51% of the profit; $1,000 max loss
Funded account · 25K sizeMax loss: $1,000 trailing, locks at the start + $100. Daily loss: none.
Payouts · 25K sizeFirst payout: $500 profit, 5 days of at least $100, at least $500 a request; Then: $500 profit, 5 days of at least $100; the balance must be $500 up at each request. Caps: $1,000 a payout; 50% of the profit a request; $4,000 in all. Split: 90% on every payout.
Payouts in briefAfter 5 sessions of $100+ and $500 new profit; at most 50% of profit, $500 to $1,000 a payout; $4,000 over at most 4 payouts; 90% split.
The rules in fullPhoenix Labs experiment, one-time: $1,250 target, $1,000 EOD trailing drawdown that stops at $25,100, no daily drawdown, 51% consistency, 2 days. Funded: same drawdown; no buffer, no consistency; each payout needs 5 sessions of $100+ and $500 new profit since the last one, takes at most 50% of profit, $500 minimum, $1,000 maximum; $4,000 lifetime; 90% split; after 4 payouts closed or moved to live case by case.
Watch outExperimental Labs account: refunded in full if the concept is discontinued. No overnight or weekend positions. The funded account closes after 8 days without a trade. After 4 payouts it is closed or moved to live, case by case.
Hand trading onlyHFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
PlatformsNinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Codes and salesAGILE30: 30% (auto-applied) (Labs Classic Agile 25K) (official, no end shown)
Position limits2 minis / 20 micros (1 mini / 10 micros until $1,000 funded profit)
What the firm doesn't sayEverything modelled now comes from the Labs card and help centre (the earlier reading relied on PropFirmMap only): 2 minimum days and a 51% consistency rule in the evaluation (earlier reading: not documented, none assumed), a $1,000 EOD trailing drawdown that stops at $25,100 in both stages, no buffer, 5 sessions of $100+ and $500 new profit per payout, at most 50% of profit per payout, $500 minimum, $1,000 cap, $4,000 lifetime, 4 payouts, 90%. Reset $64.80. Labs payouts pass an automated review (most approved within seconds) and use the standard Phoenix review; Phoenix's 2 to 3 business days plus the processor's time are used. The time from passing to the funded account (automatic review, ID check, signing within 48 hours) is not stated: 3 trading days used.
Pages we read (11)

Labs - Bedrock 25K Static

1-stepFuturesOne-time fee1 sizeHand trading onlyfrom $129 · best $103.20 per $1K drawdown
SizePriceMax drawdown (funded)Daily loss limitTargetSplitSmallest payout
25K$129$185 · save 30%code BEDROCK30$1,250 static$103.20 per $1Knone$2,000100%$25
Evaluation · 25K size
Evaluation$2,000 target, at least 2 trading days; $1,250 max loss
Funded account · 25K sizeMax loss: $1,250 static. Daily loss: none.
Payouts · 25K sizeFirst payout: at least $25 a request; Then: every 2 calendar days, $25 profit; $2,500 has to stay. Caps: $500 a payout; $25,000 in all. Split: 100% on every payout.
Payouts in briefAny day above a $2,500 locked buffer, then every 2 calendar days; $25 to $500 a payout, $25,000 in total; 100% split.
The rules in fullPhoenix Labs experiment, one-time: $2,000 target, $1,250 static drawdown, no daily drawdown, no consistency, 2 days, no reset. Funded: $2,500 locked buffer that stays for the account's life; payouts from $25, up to $500 each, every 2 calendar days after the previous one (no gate for the first); $25,000 lifetime; 100% split; no consistency.
Watch outExperimental Labs account: refunded in full if the concept is discontinued. Static drawdown. No overnight or weekend positions. No resets. A funded account closes after 7 days without a trade.
Hand trading onlyHFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
PlatformsNinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Codes and salesBEDROCK30: 30% (auto-applied) (Labs Bedrock $25K Static Drawdown) (official, no end shown)
Position limits2 minis / 20 micros
What the firm doesn't sayNow official from the Labs card and help centre (our earlier reading of the rules found payout days, cadence, buffer and consistency not documented): 2 minimum days, no consistency, $2,500 locked buffer, $25 minimum, $500 per payout, every 2 calendar days counted from the last payout with no gate for the first, $25,000 lifetime, 100%. Price $185 with BEDROCK30 auto-applied: $129. Labs payouts pass an automated review (most approved within seconds) and use the standard Phoenix review; Phoenix's 2 to 3 business days plus the processor's time are used. The time from passing to the funded account (automatic review, ID check, signing within 48 hours) is not stated: 3 trading days used.
Pages we read (11)

Merit

EvaluationFuturesOne-time fee1 sizeHand trading onlyfrom $69 · best $34.50 per $1K drawdown
SizePriceMax drawdown (funded)Daily loss limitTargetSplitSmallest payout
2K$69$2,000 trailing, locks at the start$34.50 per $1KnoneNone80%$1
Evaluation · 2K size
Challenge$0 target, at least 20 trading days, within 30 days; $2,000 max loss, $500 daily limit (pauses the day)
Live account · 2K sizeMax loss: $2,000 trailing, locks at the start. Daily loss: none.
Payouts · 2K sizeFirst payout: at least $1 a request. No payout cap. Split: 50% of the first $4,000, then 80%.
Payouts in briefLive after approval: any amount from $1, up to 10 a day, no cap or buffer; 50% until $4,000 is withdrawn, then 80%.
The rules in full$69 one-time, 30-calendar-day challenge on $2,000: no target, no minimum days, static drawdown of the whole balance, 25% dynamic (soft) daily drawdown; one attempt, no reset. At the end of the 30 days the risk team reviews the trading (profit is not a criterion; most traders are not selected); approved accounts go straight to a $2,000 live EdgeClear account after KYC, in 1 to 10 business days (most within 48 hours). Live: payouts any time from $1, up to 10 a day, no cap, buffer or consistency; split 50% until twice the starting balance has been withdrawn, then 80%; EOD drawdown that stops trailing at the start; CME professional data $135 a month per exchange deducted from the account.
Watch outLive funding is a discretionary review of 30 days of trading, not a profit target; most traders are not selected. One attempt, no reset. A $135 monthly CME data fee per exchange comes out of the live account. No overnight or weekend positions.
Hand trading onlyHFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
PlatformsNinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Position limits2 minis / 20 micros
What the firm doesn't sayThe timing is now published: the decision comes at the end of the 30 calendar days and the live transfer takes 1 to 10 business days (10 used). The approval stays discretionary (profit is not a criterion; most traders are not selected), so the model shows the path of an approved trader. Live payout rules are official ($1 minimum, up to 10 a day, no cap, 50% until $4,000 has been withdrawn, then 80%). The home card says 1 to 30 calendar days and a static live drawdown; the help centre says the review follows the 30 days and the live drawdown trails end of day until it reaches the start: the slower and stricter readings are used. Not modelled: the $135 monthly CME data fee per exchange taken from the live account and the processor fee on payouts under $500 (amount not stated). Processing: 2 to 3 business days plus the processor's time.
Pages we read (11)
Every page we read for Phoenix Trader Funding (41)

Rules and prices from the Propsoon rules pack, read on Phoenix Trader Funding's own pages on 7 Nov 2026. Firms change rules often: check the checkout page before you buy. Not financial advice.