TradeDay
2.8 A+
Futures
Phoenix Trader Funding
3.3 B+
Futures
Verdict: Who Wins?
TradeDay
3 wins
Phoenix Trader Funding
3 wins
Best For:
Phoenix Trader Funding
TradeDay
TradeDay
Visual Comparison
Head-to-Head Comparison
| TradeDay | Metric | Phoenix Trader Funding |
|---|---|---|
| 2.8/10 | PFM Score | 3.3/10 ★ |
| 4.6/5 (1,350) | TrustPilot | 4.6/5 (243) |
| A+ ★ | Safety Grade | B+ |
| 95% ★ | Profit Split | 80% (can scale higher) |
| Trailing Max Drawdown | Daily Drawdown | None (Classic/Spark), 25% Dynamic (Merit) |
| Daily | Payout Frequency | Bi-weekly |
| $87 | Starting Price | $39 ★ |
| Proprietary | Technology | Proprietary |
| — | Platforms | NinjaTrader, Tradovate, Quantower, Rithmic |
| Yes | Direct Path to Funded | Yes |
| United States | Country | United States |
| Jan 2020 | Established | Aug 2023 |
| 9 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 | TradeDay | Phoenix Trader Funding | Savings |
|---|---|---|---|
| $50K | $87 | $69 ★ | Save $18 |
| $100K | $140 ★ | $269 | Save $129 |
TradeDay vs Phoenix Trader Funding: Detailed Analysis
TradeDay and Phoenix Trader Funding 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. TradeDay offers 9 challenge options, while Phoenix Trader Funding offers 6.
TradeDay offers 95% profit split, while Phoenix Trader Funding offers 80% (can scale higher). TradeDay pays out Daily, and Phoenix Trader Funding pays out Bi-weekly.
For trust and reputation, TradeDay has a 4.6/5 TrustPilot rating with 1,350 reviews, while Phoenix Trader Funding has 4.6/5 with 243 reviews. Safety grades: TradeDay A+, Phoenix Trader Funding B+.
This is a close matchup with TradeDay winning 3 and Phoenix Trader Funding winning 3 of the categories we compared. The right choice depends on what matters most to you as a trader.
Pros & Cons
TradeDay
Pros
Cons
Phoenix Trader Funding
Pros
Cons
Active Deals & Promo Codes
TradeDay
Phoenix Trader Funding
Frequently Asked Questions
Which is better, TradeDay or Phoenix Trader Funding?
Both firms are competitive. TradeDay wins in 3 categories while Phoenix Trader Funding wins in 3. The best choice depends on what you prioritize: pricing, profit split, trust ratings, or payout speed.
Which is cheaper, TradeDay or Phoenix Trader Funding?
Phoenix Trader Funding has the lower starting price at $39. TradeDay offers 9 challenge options starting from $87, while Phoenix Trader Funding offers 6 options starting from $39.
Which has better reviews, TradeDay or Phoenix Trader Funding?
TradeDay has a higher TrustPilot rating of 4.6/5. TradeDay has 1,350 reviews while Phoenix Trader Funding has 243.
Which offers a higher profit split, TradeDay or Phoenix Trader Funding?
TradeDay offers a higher maximum profit split. TradeDay offers 95% while Phoenix Trader Funding offers 80% (can scale higher).
How fast do TradeDay and Phoenix Trader Funding pay out?
TradeDay has Daily payouts while Phoenix Trader Funding offers Bi-weekly payouts. Payout speed can be an important factor when choosing a prop firm.