Challenge Comparison Tool

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

FTMO FTMO
Phoenix Trader Funding Phoenix Trader Funding
FTMO 8.3 Get Started
Phoenix Trader Funding 6.8 Get Started
Overview
Asset Type CFD Futures
Country Czech Republic France
Established Jan 2015 Aug 2023
Technology Proprietary White-Label
Platforms cTrader, MT5, MT4 Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Phoenix Instant Logger, Rithmic, DeepCharts
Trading Rules
Profit Split Up to 90% Best 90%
Daily Drawdown Maximum Daily Loss Amount, which is 5% of the Initial Simulated Capital (2-Step) or 3% (1-Step) 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 Bi-weekly (every 14 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
  • Up to 90% of your simulated profits as a reward, accounts up to $200,000 FTMO Account, established 2015 with 3.5M+ customers worldwide, MT4 MT5 cTrader supported, 100% refund of initial fee on first reward (2-Step), Prague-based with $500M+ paid in rewards
  • 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
  • All accounts we provide to our clients are demo accounts with fictitious funds and any trading is in a simulated environment only; prices charged in EUR; 2-Step Verification phase required before reaching FTMO Account
  • 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 No offers
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

FTMO Challenges

10 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$79
EUR one-time 		$10K 1 Step P1: 10%
 P1: 3%
Maximum Daily Loss Amount (1-Step)
P1: 10% Maximum Loss
 90% $0
$89
EUR one-time 		$10K 2 Steps P1: 10%
P2: 5%
 P1: 5%
Maximum Daily Loss Amount
P2: 5%
Verification phase
P1: 10% Maximum Loss
P2: 10% Maximum Loss
 Up to 90% $0
$199
EUR one-time 		$25K 1 Step P1: 10%
 P1: 3%
Maximum Daily Loss Amount (1-Step)
P1: 10% Maximum Loss
 90% $0
$250
EUR one-time 		$25K 2 Steps P1: 10%
P2: 5%
 P1: 5%
Maximum Daily Loss Amount
P2: 5%
Verification phase
P1: 10% Maximum Loss
P2: 10% Maximum Loss
 Up to 90% $0
$319
EUR one-time 		$50K 1 Step P1: 10%
 P1: 3%
Maximum Daily Loss Amount (1-Step)
P1: 10% Maximum Loss
 90% $0
$345
EUR one-time 		$50K 2 Steps P1: 10%
P2: 5%
 P1: 5%
Maximum Daily Loss Amount
P2: 5%
Verification phase
P1: 10% Maximum Loss
P2: 10% Maximum Loss
 Up to 90% $0
$540 $439
EUR one-time (popular tier, on sale) 		$100K 2 Steps P1: 10%
P2: 5%
 P1: 5%
Maximum Daily Loss Amount
P2: 5%
Verification phase
P1: 10% Maximum Loss
P2: 10% Maximum Loss
 Up to 90% $0
$499
EUR one-time (popular tier) 		$100K 1 Step P1: 10%
 P1: 3%
Maximum Daily Loss Amount (1-Step)
P1: 10% Maximum Loss
 90% $0
$999
EUR one-time 		$200K 1 Step P1: 10%
 P1: 3%
Maximum Daily Loss Amount (1-Step)
P1: 10% Maximum Loss
 90% $0
$1080
EUR one-time 		$200K 2 Steps P1: 10%
P2: 5%
 P1: 5%
Maximum Daily Loss Amount
P2: 5%
Verification phase
P1: 10% Maximum Loss
P2: 10% Maximum Loss
 Up to 90% $0

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
FTMO
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Phoenix Trader Funding
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