Phoenix Trader Funding
4.6
(832)
4.6
(832)
Merit
$2K account 1 Step
The challenge
Account size$2K
Evaluation1 Step
Profit split50%
Activation feeNone
| Target | Profit target | Max daily loss | Max drawdown |
|---|---|---|---|
| Evaluation | — | $500 25% dynamic daily drawdown of starting balance | $2,000 static |
Notes
One-time $69 challenge fee. Up to 30 calendar days to pass. 50/50 profit split until challenge cost is recouped, then 80/20 profit split for life. Powered by EdgeClear broker.
Good to know
Min. trading days1
Payout rules
First payout5 days
FrequencyBi-Weekly
Processing timeBelow 48h from request to funds in bank account
Profit split90% (Classic) / 80% (Spark)
On demandNo
Min. withdrawal$75
Max. withdrawal$600
ConsistencyNone (Classic) / 30% (Spark funded)
Min. trading days5
Payout methods
PayoneerPayPal
Classic: max per payout $600/$1,000/$2,000 by size; 90% split; live funding after 4 payouts ($1,250/$2,500/$3,500); min profit/day $100/$200/$300. Spark: max per payout $400/$800 by size; 80% split; 30% consistency funded; live funding after 4 payouts ($1,000/$1,500); min profit/day $100/$175. Both: min payout $75, no buffer, bi-weekly, 5 days to first payout.
Trading rules
News trading
Weekend holding
Overnight holding
EAs / automation
Copy trading
Hedging
Scalping
Max position sizeScaling-based: Classic scales by profit; Spark fixed from start (Starter $25K = 2 minis/20 micros, Growth $50K = 4 minis/40 micros); Merit based on challenge size.
Min. trade durationNone (trades may last any duration).
Challenge time limitNo maximum time to complete the evaluation; subscription renews every 30 calendar days. Merit accounts: hard 30 calendar-day limit.
Inactivity rule7 days
Martingale/DCA allowed. No hedging. News trading (Tier 1) allowed. 7-day inactivity rule.