Challenge Comparison Tool

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

Phoenix Trader Funding Phoenix Trader Funding
Shark Futures Shark Futures
Phoenix Trader Funding 6.7 Get Started
Shark Futures 5.2 Get Started
Overview
Asset Type Futures Futures
Country France Lithuania
Established Aug 2023 Feb 2026
Technology White-Label Proprietary
Platforms Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Phoenix Instant Logger, Rithmic, DeepCharts Quantower, Atas, Volumetrica
Trading Rules
Profit Split 90% Best 90%
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. Basic: None (Trailing Max DD only). Instant PRO $25K: None. Instant PRO $50K-$150K & PRO: Daily Loss Limit (soft breach) equal to Trailing Max DD on PRO; $1,500/$3,000/$4,500 on Instant PRO 50K/100K/150K.
Payout Frequency Bi-Weekly On-demand (no daily limit; processed within 24h)
Via Rise. Crypto 1-2h, bank 1-3 business days, e-wallet within 24h. $250 min payout.
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.
  • One-phase evaluation, $0 activation fee on Basic, 90/10 profit split, on-demand payouts via Rise, EOD trailing drawdown, no consistency on the Basic challenge funded side as low as 35% ($25K), scaling path to $750K live capital, Volumetrica/Quantower/ATAS supported.
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.
  • Brand-new firm (registered Feb 2026, launched April 2026); only 24 TrustPilot reviews; trailing max drawdown locks at starting balance (never above); 50% consistency on Basic eval (evaluation only); 6-day minimum to payout on PRO, 8-day minimum on Instant PRO; Mac users limited (Volumetrica/ATAS Windows-based, Deepchart web-based only).
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

Shark Futures Challenges

8 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$99 $59
one-time fee; SHARK code 40% off 		$25K 1 Step P1: $1,500
 P1: -
None
P1: $1,000 EOD Trailing
 90% None
$132 $79
one-time fee; SHARK code 40% off 		$50K 1 Step P1: $3,000
 P1: -
None
P1: $2,000 EOD Trailing
 90% None
$265 $159
one-time fee; SHARK code 40% off 		$100K 1 Step P1: $6,000
 P1: -
None
P1: $3,000 EOD Trailing
 90% None
$382 $229
one-time fee; SHARK code 40% off 		$150K 1 Step P1: $9,000
 P1: -
None
P1: $4,500 EOD Trailing
 90% None
$399 $249
one-time fee; SHARK code 40% off 		$25K Instant P1: -
 P1: -
None
P1: $1,250 EOD Trailing
 90% None
$599 $369
one-time fee; SHARK code 40% off 		$50K Instant P1: -
 P1: $1,500
Daily Loss Limit (soft breach)
P1: $2,000 EOD Trailing
 90% None
$799 $459
one-time fee; SHARK code 40% off 		$100K Instant P1: -
 P1: $3,000
Daily Loss Limit (soft breach)
P1: $4,000 EOD Trailing
 90% None
$899 $549
one-time fee; SHARK code 40% off 		$150K Instant P1: -
 P1: $4,500
Daily Loss Limit (soft breach)
P1: $6,000 EOD Trailing
 90% None
Phoenix Trader Funding
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Shark Futures
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