Challenge Comparison Tool

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

Phoenix Trader Funding Phoenix Trader Funding
The5ers The5ers
Phoenix Trader Funding 7.4 Get Started
The5ers 8.0 Get Started
Overview
Asset Type Futures CFD
Country United States United Kingdom
Established Aug 2023 Jan 2016
Technology Proprietary Proprietary
Platforms Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Rithmic Trading View, MT5
Trading Rules
Profit Split 90% (Classic/Spark), 80% (Merit) Up to 100% Best
Daily Drawdown None on Classic/Spark evaluations; 25% Dynamic on Merit $2K funded account Hyper Growth: 3% daily pause / 6% stop-out. High Stakes: 5% Maximum Daily Loss / 10% Maximum Total Drawdown.
Payout Frequency Bi-Weekly Biweekly (every 14 days)
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
  • No daily drawdown on Classic/Spark accounts; Phoenix Ecosystem tools included; NinjaTrader/Tradovate/Rithmic platforms; PayPal/Payoneer payouts
  • Up to 100% profit split, Hyper Growth 1-Step evaluation with 10% target and unlimited time, High Stakes 2-Step with Step-1 cash/HUB rewards from $2 to $40 by account size, London-based (Five Percent Online LTD) since 2016.
Main Drawbacks
  • Trailing EOD drawdown can be restrictive; 50% consistency rule on Classic evaluation; $29 activation fee on Spark
  • Hyper Growth stop-out at 6% below initial balance; High Stakes requires two steps plus verification refund to pass; minimum 3 profitable days required on Pro Growth/High Stakes.
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
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
/month 		$25K 1 Step P1: $1,500
 P1: -
None
P1: $1,000 EOD Trailing
 90% $29
$69
/month 		$50K 1 Step P1: $3,000
 P1: -
None
P1: $2,000 EOD Trailing
 90% $29
$69
one-time 		$2K Instant P1: -
 P1: 25% Dynamic
Dynamic based on highest balance
P1: $2,000 Static
 80% None
$89
/month 		$25K 1 Step P1: $1,500
 P1: -
None
P1: $1,500 EOD Trailing
 90% None
$128
/month 		$50K 1 Step P1: $3,000
 P1: -
None
P1: $2,000 EOD Trailing
 90% None
$269
/month 		$100K 1 Step P1: $6,000
 P1: -
None
P1: $3,000 EOD Trailing
 90% None

The5ers Challenges

10 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$22 $2.5K 2 Steps P1: 8%
P2: 5%
 P1: 5%
Step 1
P2: 5%
Step 2
P1: 10%
P2: 10%
 80%-100% None
$39 $5K 2 Steps P1: 8%
P2: 5%
 P1: 5%
Step 1
P2: 5%
Step 2
P1: 10%
P2: 10%
 80%-100% None
$39 $25K 1 Step P1: 6% ($1,500)
P2: 4% funded ($1,000)
 P1: 4% EOD ($1,000)
End-of-day balance drawdown limit
P2: 4% EOD ($1,000)
End-of-day balance drawdown limit
P1: No separate total drawdown limit (4% EOD balance drawdown only)
P2: No separate total drawdown limit (4% EOD balance drawdown only)
 80% None
$78 $10K 2 Steps P1: 8%
P2: 5%
 P1: 5%
Step 1
P2: 5%
Step 2
P1: 10%
P2: 10%
 80%-100% None
$195 $25K 2 Steps P1: 8%
P2: 5%
 P1: 5%
Step 1
P2: 5%
Step 2
P1: 10%
P2: 10%
 80%-100% None
$260 $5K 1 Step P1: 10%
 P1: 3%
Daily pause (trading resumes next day, account not closed)
P1: 6%
 Up to 100% None
$309 $50K 2 Steps P1: 8%
P2: 5%
 P1: 5%
Step 1
P2: 5%
Step 2
P1: 10%
P2: 10%
 80%-100% None
$450 $10K 1 Step P1: 10%
 P1: 3%
Daily pause (trading resumes next day, account not closed)
P1: 6%
 Up to 100% None
$545 $100K 2 Steps P1: 8%
P2: 5%
 P1: 5%
Step 1
P2: 5%
Step 2
P1: 10%
P2: 10%
 80%-100% None
$850 $20K 1 Step P1: 10%
 P1: 3%
Daily pause (trading resumes next day, account not closed)
P1: 6%
 Up to 100% None
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The5ers
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