Challenge Comparison Tool

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Phoenix Trader Funding Phoenix Trader Funding
Propr Propr
Phoenix Trader Funding 6.7 Get Started
Propr 5.2 Get Started
Overview
Asset Type Futures Crypto
Country France British Virgin Islands
Established Aug 2023 Feb 2026
Technology White-Label Proprietary
Platforms Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Phoenix Instant Logger, Rithmic, DeepCharts Hyperliquid
Trading Rules
Profit Split 90% Best 80%
Daily Drawdown 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. 3% (1-Step) / 5% (2-Step) of starting balance — fixed, equity-based, resets 00:00 UTC
Payout Frequency Bi-Weekly On-Demand
On-demand USDC on-chain payouts, processed within 24 hours, $50 minimum, no waiting period; full profit sweep only.
Direct Path to Funded ✓ Yes ✗ No
Reviews & Reputation
Review Count 0 reviews 0 reviews
Avg. Rating No ratings yet No ratings yet
Pros & Cons
Main Benefits
  • 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.
  • 80% profit split with on-demand USDC on-chain payouts in 24h ($50 min); no time limit and no minimum trading days; transparent on-chain execution via Hyperliquid with A-book trades verifiable on-chain; no consistency rule, no profit cap, no news/weekend restriction, EA/bot allowed; up to 5x leverage on BTC/ETH and 4x on equities/commodities; funded up to $100K per account ($200K aggregate cap).
Main Drawbacks
  • 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.
  • Restricted to crypto, equities, indices, commodities and FX perpetuals only (no spot trading); US, UK, Russia and all OFAC-sanctioned jurisdictions excluded; hybrid A-book/B-book execution at firm's discretion creates a disclosed conflict-of-interest on B-booked trades; breaches are permanent with no resets or appeals (a single touch of the equity floor terminates the account).
Offers & Promo Codes
Active 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
No offers

Challenge Details

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

Propr Challenges

10 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$50 $5K 2 Steps P1: $250 (5%)
P2: $500 (10%)
 P1: $250 (5%)
P2: $250 (5%)
P1: $400 (8% trailing)
P2: $400 (8% trailing)
 80% None
$60 $5K 1 Step P1: $500 (10%)
 P1: $150 (3%)
P1: $300 (6% static)
 80% None
$100 $10K 2 Steps P1: $500 (5%)
P2: $1,000 (10%)
 P1: $500 (5%)
P2: $500 (5%)
P1: $800 (8% trailing)
P2: $800 (8% trailing)
 80% None
$110 $10K 1 Step P1: $1,000 (10%)
 P1: $300 (3%)
P1: $600 (6% static)
 80% None
$250 $25K 2 Steps P1: $1,250 (5%)
P2: $2,500 (10%)
 P1: $1,250 (5%)
P2: $1,250 (5%)
P1: $2,000 (8% trailing)
P2: $2,000 (8% trailing)
 80% None
$275 $25K 1 Step P1: $2,500 (10%)
 P1: $750 (3%)
P1: $1,500 (6% static)
 80% None
$450 $50K 2 Steps P1: $2,500 (5%)
P2: $5,000 (10%)
 P1: $2,500 (5%)
P2: $2,500 (5%)
P1: $4,000 (8% trailing)
P2: $4,000 (8% trailing)
 80% None
$495 $50K 1 Step P1: $5,000 (10%)
 P1: $1,500 (3%)
P1: $3,000 (6% static)
 80% None
$749 $100K 2 Steps P1: $5,000 (5%)
P2: $10,000 (10%)
 P1: $5,000 (5%)
P2: $5,000 (5%)
P1: $8,000 (8% trailing)
P2: $8,000 (8% trailing)
 80% None
$999 $100K 1 Step P1: $10,000 (10%)
 P1: $3,000 (3%)
P1: $6,000 (6% static)
 80% None
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