Phoenix Trader Funding
7.4 B+
Futures
TradeDay
8.1 A+
Futures
Verdict: Who Wins?
Phoenix Trader Funding
2 wins
TradeDay
4 wins
Our Pick
Best For:
Phoenix Trader Funding
TradeDay
TradeDay
Visual Comparison
Head-to-Head Comparison
| Phoenix Trader Funding | Metric | TradeDay |
|---|---|---|
| 7.4/10 | PFM Score | 8.1/10 ★ |
| 4.6/5 (243) | TrustPilot | 4.6/5 (1,350) |
| B+ | Safety Grade | A+ ★ |
| 80% | Profit Split | 95% ★ |
| None on Classic/Spark evaluations; 25% Dynamic on Spark Direct $2K funded account | Daily Drawdown | Trailing Max Drawdown |
| On-demand (within 48h) | Payout Frequency | Daily |
| $39 ★ | Starting Price | $87 |
| Proprietary | Technology | Proprietary |
| NinjaTrader, Tradovate, Quantower, Atas, Volumetrica, Rithmic | Platforms | — |
| Yes | Direct Path to Funded | Yes |
| United States | Country | United States |
| Aug 2023 | Established | Jan 2020 |
| 6 options | Challenge Options | 9 options |
Price Comparison by Account Size
Cheapest challenge price at each account size (where both firms offer the same size)
| Account Size | Phoenix Trader Funding | TradeDay | Savings |
|---|---|---|---|
| $50K | $69 ★ | $87 | Save $18 |
| $100K | $269 | $140 ★ | Save $129 |
Phoenix Trader Funding vs TradeDay: Detailed Analysis
Phoenix Trader Funding and TradeDay are both Futures firms. TradeDay has been in business longer, established in 2020, while Phoenix Trader Funding was founded in 2023.
In terms of pricing, Phoenix Trader Funding is more affordable with challenges starting at $39, which is $48 less than TradeDay's starting price of $87. Phoenix Trader Funding offers 6 challenge options, while TradeDay offers 9.
Phoenix Trader Funding offers 80% profit split, while TradeDay offers 95%. Phoenix Trader Funding pays out On-demand (within 48h), and TradeDay pays out Daily.
For trust and reputation, Phoenix Trader Funding has a 4.6/5 TrustPilot rating with 243 reviews, while TradeDay has 4.6/5 with 1,350 reviews. Safety grades: Phoenix Trader Funding B+, TradeDay A+.
Overall, TradeDay edges ahead winning 4 out of 6 categories we compared. However, the best choice depends on your specific needs — both firms have their strengths.
Pros & Cons
Phoenix Trader Funding
Pros
Cons
TradeDay
Pros
Cons
Active Deals & Promo Codes
Phoenix Trader Funding
TradeDay
Frequently Asked Questions
Which is better, Phoenix Trader Funding or TradeDay?
TradeDay scores higher overall, winning 4 out of 6 comparison categories including Overall Rating, Profit Split, Safety Grade. However, the best choice depends on your trading goals and priorities.
Which is cheaper, Phoenix Trader Funding or TradeDay?
Phoenix Trader Funding has the lower starting price at $39. Phoenix Trader Funding offers 6 challenge options starting from $39, while TradeDay offers 9 options starting from $87.
Which has better reviews, Phoenix Trader Funding or TradeDay?
Phoenix Trader Funding has a higher TrustPilot rating of 4.6/5. Phoenix Trader Funding has 243 reviews while TradeDay has 1,350.
Which offers a higher profit split, Phoenix Trader Funding or TradeDay?
TradeDay offers a higher maximum profit split. Phoenix Trader Funding offers 80% while TradeDay offers 95%.
How fast do Phoenix Trader Funding and TradeDay pay out?
Phoenix Trader Funding has On-demand (within 48h) payouts while TradeDay offers Daily payouts. Payout speed can be an important factor when choosing a prop firm.