Topstep
2.4 C
Futures
Phoenix Trader Funding
3.3 B+
Futures
Verdict: Who Wins?
Topstep
1 wins
Phoenix Trader Funding
5 wins
Our Pick
Best For:
Phoenix Trader Funding
Topstep
Phoenix Trader Funding
Topstep
Visual Comparison
Head-to-Head Comparison
| Topstep | Metric | Phoenix Trader Funding |
|---|---|---|
| 2.4/10 | PFM Score | 3.3/10 ★ |
| — | TrustPilot | 4.6/5 (243) |
| C | Safety Grade | B+ ★ |
| 90% ★ | Profit Split | 80% (can scale higher) |
| Daily Loss Limit adjusts by account size: $1,000 ($50K), $2,000 ($100K), $3,000 ($150K) | Daily Drawdown | None (Classic/Spark), 25% Dynamic (Merit) |
| Daily | Payout Frequency | Bi-weekly |
| $49 | Starting Price | $39 ★ |
| Proprietary | Technology | Proprietary |
| Topstep X | Platforms | NinjaTrader, Tradovate, Quantower, Rithmic |
| Yes | Direct Path to Funded | Yes |
| United States | Country | United States |
| Jan 2010 | Established | Aug 2023 |
| 3 options | Challenge Options | 6 options |
Price Comparison by Account Size
Cheapest challenge price at each account size (where both firms offer the same size)
| Account Size | Topstep | Phoenix Trader Funding | Savings |
|---|---|---|---|
| $50K | $49 ★ | $69 | Save $20 |
| $100K | $99 ★ | $269 | Save $170 |
Topstep vs Phoenix Trader Funding: Detailed Analysis
Topstep and Phoenix Trader Funding are both Futures firms. Topstep has been in business longer, established in 2010, 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 $10 less than Topstep's starting price of $49. Topstep offers 3 challenge options, while Phoenix Trader Funding offers 6.
Topstep offers 90% profit split, while Phoenix Trader Funding offers 80% (can scale higher). Topstep pays out Daily, and Phoenix Trader Funding pays out Bi-weekly.
For trust and reputation, Phoenix Trader Funding has 4.6/5 with 243 reviews. Safety grades: Topstep C, Phoenix Trader Funding B+.
Overall, Phoenix Trader Funding edges ahead winning 5 out of 6 categories we compared. However, the best choice depends on your specific needs — both firms have their strengths.
Pros & Cons
Topstep
Pros
Cons
Phoenix Trader Funding
Pros
Cons
Active Deals & Promo Codes
Topstep
Phoenix Trader Funding
Frequently Asked Questions
Which is better, Topstep or Phoenix Trader Funding?
Phoenix Trader Funding scores higher overall, winning 5 out of 6 comparison categories including Overall Rating, Starting Price, Safety Grade. However, the best choice depends on your trading goals and priorities.
Which is cheaper, Topstep or Phoenix Trader Funding?
Phoenix Trader Funding has the lower starting price at $39. Topstep offers 3 challenge options starting from $49, while Phoenix Trader Funding offers 6 options starting from $39.
Which offers a higher profit split, Topstep or Phoenix Trader Funding?
Topstep offers a higher maximum profit split. Topstep offers 90% while Phoenix Trader Funding offers 80% (can scale higher).
How fast do Topstep and Phoenix Trader Funding pay out?
Topstep has Daily payouts while Phoenix Trader Funding offers Bi-weekly payouts. Payout speed can be an important factor when choosing a prop firm.