Challenge Comparison Tool
Select up to 3 firms to compare their challenges, rules, and pricing side by side.
Phoenix Trader Funding
Topstep
| Overview | ||
| Asset Type | Futures | Futures |
| Country |
 France
|
 United States
|
| Established | Aug 2023 | Jan 2010 |
| Technology | Proprietary | Proprietary |
| Platforms | Trading View, NinjaTrader, Tradovate, Quantower, Atas, dxFeed, Volumetrica, Rithmic | Topstep X |
| Trading Rules | ||
| Profit Split | 90% (Classic) / 80% (Spark) Best | 90% |
| Daily Drawdown | None on Classic/Spark evaluations; 25% Dynamic on Merit $2K funded account | $2,000 max loss limit ($50K) / $3,000 ($100K) / $4,500 ($150K) — trailing EOD |
| Payout Frequency | Bi-Weekly |
On-demand
Instant payouts available; payout requests up to $6,000 at a time; 90% of profits |
| Direct Path to Funded | ✓ Yes | ✓ Yes |
| Reviews & Reputation | ||
| Review Count | 0 reviews | 0 reviews |
| Avg. Rating | No ratings yet | No ratings yet |
| Pros & Cons | ||
| Main Benefits |
|
|
| Main Drawbacks |
|
|
| 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
|
$20 off No Activation Fee Trading Combine (any size). Up to 5 uses per trader.
TONES
|
Challenge Details
Phoenix Trader Funding Challenges
6 challenges| Price | Account Size | Step | Profit Target | Max Daily Loss | Max Drawdown | Profit Split | Activation Fee |
|---|---|---|---|---|---|---|---|
| $39 | $25K | 1 Step |
P1: $1,500 |
P1: -
|
P1: $1,000 trailing EOD |
80% | $29 |
| $69 | $50K | 1 Step |
P1: $3,000 |
P1: -
|
P1: $2,000 trailing EOD |
80% | $29 |
| $69 | $2K | Instant |
P1: - |
P1: 25% Dynamic
|
P1: $2,000 static (entire balance) |
50% until firm recoups cost, then 80% | None |
| $89 | $25K | 1 Step |
P1: $1,500 |
P1: -
|
P1: $1,500 trailing EOD |
90% | None |
| $128 | $50K | 1 Step |
P1: $3,000 |
P1: -
|
P1: $2,000 trailing EOD |
90% | None |
| $269 | $100K | 1 Step |
P1: $6,000 |
P1: -
|
P1: $3,000 trailing EOD |
90% | None |
Topstep Challenges
3 challenges| Price | Account Size | Step | Profit Target | Max Daily Loss | Max Drawdown | Profit Split | Activation Fee |
|---|---|---|---|---|---|---|---|
|
$95
/month |
$50K | 1 Step |
P1: $3,000 |
P1: $2,000
Trailing EOD max loss limit |
P1: $2,000 |
90% | None |
|
$149
/month |
$100K | 1 Step |
P1: $6,000 |
P1: $3,000
Trailing EOD max loss limit |
P1: $3,000 |
90% | None |
|
$229
/month |
$150K | 1 Step |
P1: $9,000 |
P1: $4,500
Trailing EOD max loss limit |
P1: $4,500 |
90% | None |