Challenge Comparison Tool

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

Bulenox Bulenox
Phoenix Trader Funding Phoenix Trader Funding
Bulenox 7.5 Get Started
Phoenix Trader Funding 6.7 Get Started
Overview
Asset Type Futures Futures
Country United States France
Established - Aug 2023
Technology Proprietary White-Label
Platforms Rithmic Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Phoenix Instant Logger, Rithmic, DeepCharts
Trading Rules
Profit Split 100% first $10K, then 90% Best 90%
Daily Drawdown Drawdown up to $1,500 ($25K), $2,500 ($50K), $3,000 ($100K), $4,500 ($150K), $5,500 ($250K). EOD option (Opt 2) available per tier. No standard daily loss limit. Classic and Spark use trailing EOD drawdown from highest balance. Merit accounts apply a 25% dynamic daily drawdown of starting balance.
Payout Frequency Weekly (on Wednesdays) 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
  • Trade your own plan from day one. Get your first $10,000 without commissions. Earn up to 90% of your profits. Use the trading terminal for free. Active coupons: $50OFF on $50K tier, $60OFF on $100K tier.
  • Three funded account programs: Classic (subscription-based, 90% profit split), Spark (lower-cost subscription with $29 one-time activation, all strategies allowed), and Merit (one-time $2K challenge with 50/80 profit split structure). No daily drawdown limit on Classic and Spark programs. Multiple platform choices including NinjaTrader, Tradovate, Rithmic, TradingView, Odin, Quantower, Atas, and Volumetrica. Bi-weekly payouts via PayPal and Payoneer.
Main Drawbacks
  • Monthly subscription pricing (recurring), trailing drawdown only (no separate daily loss cap), minimum account size $25K (no micro accounts), limited to 5 account sizes
  • Classic and Spark programs require ongoing monthly subscription fees that continue while subscribed. Spark accounts require a $29 one-time activation fee at signup. Trailing EOD drawdown on Classic and Spark tracks from highest account balance. Merit program limited to $2K account size with EdgeClear broker only.
Offers & Promo Codes
Active Offers
89% off challenge SOPF
$50 off challenge $50OFF
$60 off challenge $60OFF
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
30% off Classic accounts. Verified live on phoenixtraderfunding.com 2026-06-24 ("Odin got upgraded! Enjoy 30% OFF Classic Accounts! ... Use This Code At Checkout ODIN"). ODIN

Challenge Details

Bulenox Challenges

5 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$175 $125
/month (coupon $50OFF) 		$50K 1 Step P1: $3,000
 P1: -
P1: $2,500 (trailing)
 100% first $10K, then 90% $148
$145
/month 		$25K 1 Step P1: $1,500
 P1: -
P1: $1,500 (trailing)
 100% first $10K, then 90% $143
$215 $155
/month (coupon $60OFF) 		$100K 1 Step P1: $6,000
 P1: -
P1: $3,000 (trailing)
 100% first $10K, then 90% $248
$325
/month 		$150K 1 Step P1: $9,000
 P1: -
P1: $4,500 (trailing)
 100% first $10K, then 90% $498
$535
/month 		$250K 1 Step P1: $15,000
 P1: -
P1: $5,500 (trailing)
 100% first $10K, then 90% $898

Phoenix Trader Funding Challenges

6 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$39
monthly (+ $29 one-time activation fee) 		$25K Subscription P1: -
 P1: -
P1: $1,000 trailing drawdown (EOD)
 90% None
$69
monthly (+ $29 one-time activation fee) 		$50K Subscription P1: -
 P1: -
P1: $2,000 trailing drawdown (EOD)
 90% None
$69 $2K 1 Step P1: -
 P1: $500
25% dynamic daily drawdown of starting balance
P1: $2,000 static
 50% None
$89
monthly 		$25K Subscription P1: $1,500
 P1: -
P1: $1,500 trailing drawdown (EOD)
 90% None
$128
monthly 		$50K Subscription P1: $3,000
 P1: -
P1: $2,000 trailing drawdown (EOD)
 90% None
$269
monthly 		$100K Subscription P1: $6,000
 P1: -
P1: $3,000 trailing drawdown (EOD)
 90% None
Bulenox
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Phoenix Trader Funding
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