Challenge Comparison Tool

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

FundedNext FundedNext
Phoenix Trader Funding Phoenix Trader Funding
FundedNext 8.5 Get Started
Phoenix Trader Funding 6.8 Get Started
Overview
Asset Type CFD Futures
Country United States France
Established Mar 2022 Aug 2023
Technology Proprietary White-Label
Platforms Trading View, NinjaTrader, Tradovate, cTrader, Match Trader, MT5, MT4 Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Phoenix Instant Logger, Rithmic, DeepCharts
Trading Rules
Profit Split Up to 95% Best 90%
Daily Drawdown Stellar 2-Step: 5% daily / 10% total. Stellar 1-Step: 3% daily / 6% total. Stellar Lite: 4% daily / 8% total. Stellar Instant: 6% trailing (no daily limit). Futures Flex: no daily limit, EOD trailing max loss. 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 24 hours guaranteed (or $1,000 extra). First withdrawal after 21 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 95% profit split, Match-Trader + Tradovate/NinjaTrader platforms, CFDs + Futures, 15% profit sharing from day 1, scaling up to $4M
  • 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
  • Payouts sometimes a bit slow
  • 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
30% off first challenge FNF30
30% off challenge VIBES
25% off all Stellar plans ($2K-$50K), new users only. Code NEW25. Verified live on fundednext.com 2026-06-11. NEW25
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

FundedNext Challenges

25 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$32.99 $24.74 $5K 2 Steps P1: 8%
P2: 4%
 P1: 4%
P2: 4%
P1: 8% Static
P2: 8% Static
 Up to 95% None
$49.99 $37.49 $6K 2 Steps P1: 8%
P2: 5%
 P1: 5%
P2: 5%
P1: 10% Static
P2: 10% Static
 Up to 95% None
$55.99 $41.99 $6K 1 Step P1: 10%
 P1: 3%
P1: 6% Static
 Up to 95% None
$59.99 $44.99 $10K 2 Steps P1: 8%
P2: 4%
 P1: 4%
P2: 4%
P1: 8% Static
P2: 8% Static
 Up to 95% None
$59.99 $44.99 $2K Instant P1: -
 P1: -
None
P1: 6% Trailing
 Up to 80% None
$133.99 $69.99 $50K 1 Step P1: $2,500
 P1: -
None
P1: $1,500 EOD Trailing
 80% None
$109.99 $82.49 $15K 2 Steps P1: 8%
P2: 5%
 P1: 5%
P2: 5%
P1: 10% Static
P2: 10% Static
 Up to 95% None
$119.99 $89.99 $15K 1 Step P1: 10%
 P1: 3%
P1: 6% Static
 Up to 95% None
$139.99 $104.99 $25K 2 Steps P1: 8%
P2: 4%
 P1: 4%
P2: 4%
P1: 8% Static
P2: 8% Static
 Up to 95% None
$149.99 $112.49 $5K Instant P1: -
 P1: -
None
P1: 6% Trailing
 Up to 80% None
$249.99 $129.99 $100K 1 Step P1: $5,000
 P1: -
None
P1: $2,500 EOD Trailing
 80% None
$189.99 $142.49 $25K 2 Steps P1: 8%
P2: 5%
 P1: 5%
P2: 5%
P1: 10% Static
P2: 10% Static
 Up to 95% None
$199.99 $149.99 $25K 1 Step P1: 10%
 P1: 3%
P1: 6% Static
 Up to 95% None
$229.99 $172.49 $50K 2 Steps P1: 8%
P2: 4%
 P1: 4%
P2: 4%
P1: 8% Static
P2: 8% Static
 Up to 95% None
$269.99 $202.49 $50K 2 Steps P1: 8%
P2: 5%
 P1: 5%
P2: 5%
P1: 10% Static
P2: 10% Static
 Up to 95% None
$299.99 $224.99 $10K Instant P1: -
 P1: -
None
P1: 6% Trailing
 Up to 80% None
$309.99 $232.49 $50K 1 Step P1: 10%
 P1: 3%
P1: 6% Static
 Up to 95% None
$483.99 $249.99 $150K 1 Step P1: $8,000
 P1: -
None
P1: $4,000 EOD Trailing
 80% None
$399.99 $100K 2 Steps P1: 8%
P2: 4%
 P1: 4%
P2: 4%
P1: 8% Static
P2: 8% Static
 Up to 95% None
$599.99 $449.99 $20K Instant P1: -
 P1: -
None
P1: 6% Trailing
 Up to 80% None
$529.99 $100K 2 Steps P1: 8%
P2: 5%
 P1: 5%
P2: 5%
P1: 10% Static
P2: 10% Static
 Up to 95% None
$549.99 $100K 1 Step P1: 10%
 P1: 3%
P1: 6% Static
 Up to 95% None
$798.99 $200K 2 Steps P1: 8%
P2: 4%
 P1: 4%
P2: 4%
P1: 8% Static
P2: 8% Static
 Up to 95% None
$1049.99 $200K 2 Steps P1: 8%
P2: 5%
 P1: 5%
P2: 5%
P1: 10% Static
P2: 10% Static
 Up to 95% None
$1049.99 $200K 1 Step P1: 10%
 P1: 3%
P1: 6% Static
 Up to 95% None

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
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