Challenge Comparison Tool

Select up to 3 firms to compare their challenges, rules, and pricing side by side.

Apex Trader Funding Apex Trader Funding
Phoenix Trader Funding Phoenix Trader Funding
Apex Trader Funding 7.6 Get Started
Phoenix Trader Funding 7.4 Get Started
Overview
Asset Type Futures Futures
Country United States United States
Established Jan 2021 Aug 2023
Technology Proprietary Proprietary
Platforms R | Trader Pro, Trading View, NinjaTrader, Tradovate, Quantower, Atas, MotiveWave, Bookmap, Investor/RT, Jigsaw, MultiCharts, Sierra Chart, Trade Navigator Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Rithmic
Trading Rules
Profit Split 100% Best 90% (Classic/Spark), 80% (Merit)
Daily Drawdown None (Intraday Trail) — EOD Trail daily loss limits not accessible None on Classic/Spark evaluations; 25% Dynamic on Merit $2K funded account
Payout Frequency 5 trading days Bi-Weekly
Direct Path to Funded ✗ No ✓ Yes
Reviews & Reputation
Review Count 0 reviews 0 reviews
Avg. Rating No ratings yet No ratings yet
Pros & Cons
Main Benefits
  • Pass evaluation in one trading day with no minimum days required; no daily loss limit during evaluation; no payout denials guaranteed; no MAE rule; no 5:1 risk-reward rule; one-time evaluation fee with no recurring billing; trade up to 20 simultaneous accounts; 100% profit allocation on first $25,000 earned; 5-business-day minimum payout window; built-in scaling plan
  • No daily drawdown on Classic/Spark accounts; Phoenix Ecosystem tools included; NinjaTrader/Tradovate/Rithmic platforms; PayPal/Payoneer payouts
Main Drawbacks
  • Intraday trailing maximum drawdown during evaluation (limit trails highest intraday equity); 50% daily consistency rule on funded accounts; 30-day evaluation window to complete the challenge; futures markets only via CME
  • Trailing EOD drawdown can be restrictive; 50% consistency rule on Classic evaluation; $29 activation fee on Spark
Offers & Promo Codes
Active Offers
90% off evaluation — limited time APEX90
30% off every challenge but Merit Accounts PFMAP
10% off Spark accounts. Verified live on phoenixtraderfunding.com homepage 2026-06-07 ("10% OFF on Spark Accounts, Starting at $35! ... Use This Code At Checkout JUNE"). JUNE

Challenge Details

Apex Trader Funding Challenges

4 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$ $50K 1 Step P1: $3,000
 P1: -
None - No Daily Loss Limit
P1: $2,000 Intraday Trailing
 100% None
$ $100K 1 Step P1: $6,000
 P1: -
None - No Daily Loss Limit
P1: $3,000 Intraday Trailing
 100% None
$ $150K 1 Step P1: $9,000
 P1: -
None - No Daily Loss Limit
P1: $4,000 Intraday Trailing
 100% None
$199 $25K 1 Step P1: $1,500
 P1: -
None - No Daily Loss Limit
P1: $1,000 Intraday Trailing
 100% None

Phoenix Trader Funding Challenges

6 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$39
/month 		$25K 1 Step P1: $1,500
 P1: -
None
P1: $1,000 EOD Trailing
 90% $29
$69
/month 		$50K 1 Step P1: $3,000
 P1: -
None
P1: $2,000 EOD Trailing
 90% $29
$69
one-time 		$2K Instant P1: -
 P1: 25% Dynamic
Dynamic based on highest balance
P1: $2,000 Static
 80% None
$89
/month 		$25K 1 Step P1: $1,500
 P1: -
None
P1: $1,500 EOD Trailing
 90% None
$128
/month 		$50K 1 Step P1: $3,000
 P1: -
None
P1: $2,000 EOD Trailing
 90% None
$269
/month 		$100K 1 Step P1: $6,000
 P1: -
None
P1: $3,000 EOD Trailing
 90% None
Apex Trader Funding
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Phoenix Trader Funding
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