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Phoenix Trader Funding

United States United States Futures Est. Aug 2023
4.6 243 reviews TrustPilot
7.4 PFM Score
B+ Good
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Verified by PropFirmMap Top-rated 4.6★ on TrustPilot Challenges from $39 80% profit split On-demand (wit... payouts Code PFMAP
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Profit Split 80%
Technology Proprietary
Daily Drawdown None on Classic/Spark evaluations; 25% Dynamic on Spark Direct $2K funded account
Payout Reliability A On-demand (within 48h) Payouts processed within 48 hours from request to bank account via PayPal or Payoneer See full leaderboard
Price Account Size Account Name Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee Reward
$89 $25K 1 Step P1: $1,500 P1: No daily drawdown limit P1: $1,500 trailing EOD 80% $ Details
$39 $25K 1 Step P1: $1,500 P1: No daily drawdown limit P1: $1,000 trailing EOD 90% $29 Details
$128 $50K 1 Step P1: $3,000 P1: No daily drawdown limit P1: $2,000 trailing EOD 80% $ Details
$69 $50K 1 Step P1: $3,000 P1: No daily drawdown limit P1: $2,000 trailing EOD 90% $29 Details
$269 $100K 1 Step P1: $6,000 P1: No daily drawdown limit P1: $3,000 trailing EOD 80% $ Details
$69 $2K Instant P1: P1: 25% Dynamic 25% dynamic daily drawdown on $2K account P1: $2,000 static 80% $ Details
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Main Benefits

No daily drawdown on Classic accounts; free monthly reset coupon; proprietary Odin platform; PayPal/Payoneer payouts within 48h; unlimited free practice accounts

Main Drawbacks

Trailing EOD drawdown can be restrictive; 50% consistency rule on Classic evaluation

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CEO
Leon Grimm
TrustPilot
4.6/5 (243 reviews)
Trading Platforms
NinjaTrader NinjaTrader
Tradovate Tradovate
Quantower Quantower
Atas Atas
Volumetrica Volumetrica
Rithmic Rithmic
Commission Structure

See their full commission details

About Phoenix Trader Funding

Phoenix Trader Funding is a US-based futures prop firm offering three challenge categories: Classic (traditional eval with 50% consistency), Spark (no consistency on eval, EOD-to-realtime drawdown switch), and Merit (one-time fee, no trailing drawdown, 25% dynamic daily). Based in Texas, established August 2023. Provides Phoenix Ecosystem tooling included with funded accounts.

7.4 PFM Score

Good

Trust & Reputation
9.4 /10
0.6 above avg
Value for Money
9 /10
0.8 above avg
Payout Speed
10 /10
2.3 above avg
Trading Flexibility
8.5 /10
1.1 above avg
Platform Choice
9.5 /10
2.2 above avg

Strengths

  • Good TrustPilot rating (4.6/5)
  • Very affordable challenges (from $39)
  • Fast payouts (On-demand (within 48h))
  • No daily drawdown limit
  • 6 trading platforms supported
Ready to save 30% on Phoenix Trader Funding? Use code PFMAP at checkout
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Recent Activity

Score Update 5 days ago

Score increased from 3.4 to 7.4

3.4 7.4
Rule Change 1 week ago

profit split changed

80% (can scale higher) 80%
Payout Update 1 week ago

payout frequency changed

Bi-weekly On-demand (within 48h)
Rule Change 1 week ago

drawdown rules changed

None (Classic/Spark), 25% Dynamic (Merit) None on Classic/Spark evaluations; 25% Dynamic on Spark Direct $2K funded account
Score Update 1 month ago

Score decreased from 3.8 to 3.3

3.8 3.3
Rule Change 1 month ago

profit split changed

100:0 until $10,000 withdrawn, then 90:10 80% (can scale higher)
Rule Change 1 month ago

drawdown rules changed

Trailing EOD (Classic), Static (Ascension) None (Classic/Spark), 25% Dynamic (Merit)
Payout Update 1 month ago

payout frequency changed

2/months Bi-weekly
New Firm 1 month ago

Futures firm with 100:0 until $10,000 withdrawn, then 90:10 profit split.

Safety Update 1 month ago

Initial safety grade assigned based on TrustPilot rating, review volume, years in business, and data completeness.

View full history on Industry Pulse
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