Challenge Comparison Tool

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

Goat Funded Futures Goat Funded Futures
Phoenix Trader Funding Phoenix Trader Funding
Goat Funded Futures 4.2 Get Started
Phoenix Trader Funding 6.7 Get Started
Overview
Asset Type Futures Futures
Country Hong Kong France
Established Nov 2022 Aug 2023
Technology White-Label White-Label
Platforms NinjaTrader, Tradovate, Quantower, DeepCharts Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Phoenix Instant Logger, Rithmic, DeepCharts
Trading Rules
Profit Split 100% first $10K, then 90% (EOD, Sprint, Instant); 90% from $1 (Pro) Best 90%
Daily Drawdown EOD: None (eval) / 2.5% funded · Sprint: None · Instant: 3% · Pro: None 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 Twice monthly (5th-8th and 20th-23rd windows); 48-hour processing
Payout windows: 5th-8th and 20th-23rd of each month. Processed within 2 business days of request via Rise (Riseworks). 		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
  • $0 activation fee on all plans; 100% profit split on first $10K (EOD/Sprint/Instant); No time limit on evaluations; Trailing drawdown locks at starting balance (Sprint funded, Pro funded); Instant Funded with no evaluation; 48-hour payout processing via Rise; 5 mini / 50 micro contract limits scale with account size; In-house technology backed by 95+ prop firm parent group.
  • 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
  • TrustPilot rating currently unavailable due to platform guidelines breach (164 reviews flagged); 2-minute trade holding rule on funded accounts has drawn customer complaints; Sister firm Goat Funded Trader has known TrustPilot issues; No overnight or weekend holding allowed; Instant Funded accounts cannot be reset.
  • 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

Goat Funded Futures Challenges

14 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$64 $25K 1 Step P1: $1,500 (6%)
 P1: None
No daily loss limit in either evaluation or funded
P1: $1,000 (4%) Trailing Intraday
 100% first $10K, then 90% None
$69 $50K 1 Step P1: $3,000 (6%)
 P1: None (Evaluation)
Funded: $1,250 (2.5%)
P1: $2,000 (4%) EOD Trailing
 100% first $10K, then 90% None
$93 $50K 1 Step P1: $3,000 (6%)
 P1: None
No daily loss limit in either evaluation or funded
P1: $2,000 (4%) Trailing Intraday
 100% first $10K, then 90% None
$95 $50K 1 Step P1: $3,000 (6%)
 P1: None
No daily loss limit in either evaluation or funded
P1: $2,000 (4%) EOD Trailing (locks at start)
 90% None
$132 $100K 1 Step P1: $6,000 (6%)
 P1: None (Evaluation)
Funded: $2,500 (2.5%)
P1: $3,000 (3%) EOD Trailing
 100% first $10K, then 90% None
$140 $100K 1 Step P1: $6,000 (6%)
 P1: None
No daily loss limit in either evaluation or funded
P1: $3,000 (3%) Trailing Intraday
 100% first $10K, then 90% None
$149 $100K 1 Step P1: $6,000 (6%)
 P1: None
No daily loss limit in either evaluation or funded
P1: $4,000 (4%) EOD Trailing (locks at start)
 90% None
$185 $150K 1 Step P1: $9,000 (6%)
 P1: None (Evaluation)
Funded: $3,750 (2.5%)
P1: $4,500 (3%) EOD Trailing
 100% first $10K, then 90% None
$192 $25K Instant P1: $1,750 (7%)
 P1: $750 (3%)
Soft breach — account paused until next trading day
P1: $1,250 (5%) Trailing Intraday
 100% first $10K, then 90% None
$277 $50K Instant P1: $3,500 (7%)
 P1: $1,500 (3%)
Soft breach — account paused until next trading day
P1: $2,500 (5%) Trailing Intraday
 100% first $10K, then 90% None
$289 $150K 1 Step P1: $9,000 (6%)
 P1: None
No daily loss limit in either evaluation or funded
P1: $6,000 (4%) EOD Trailing (locks at start)
 90% None
$382 $75K Instant P1: $5,250 (7%)
 P1: $2,250 (3%)
Soft breach — account paused until next trading day
P1: $3,750 (5%) Trailing Intraday
 100% first $10K, then 90% None
$489 $100K Instant P1: $7,000 (7%)
 P1: $3,000 (3%)
Soft breach — account paused until next trading day
P1: $5,000 (5%) Trailing Intraday
 100% first $10K, then 90% None
$624 $150K Instant P1: $10,500 (7%)
 P1: $4,500 (3%)
Soft breach — account paused until next trading day
P1: $7,500 (5%) Trailing Intraday
 100% first $10K, then 90% 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
Goat Funded Futures
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Phoenix Trader Funding
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