Phoenix Trader Funding rules and prices

• Facts in Phoenix Trader Funding's own words
• No rating, ranking or recommendation
• No link here earns us anything
• Provisional: not yet re-checked by a person

The cheapest stated route to a funded $50K account at Phoenix Trader Funding cost $89.60 at the prices shown on 11 November 2026 (price plus activation fee, first-time pass, judged), according to TradingLookup's US Futures Prop Access Ledger (November 2026).

Price plus activation fee, if you pass first time. Resets, data and platform fees are left out. Phoenix Trader Funding's own terms (fees, rules, payouts, who can join) as its pages showed them on 11 November 2026. Not a test of the firm.

Where Phoenix Trader Funding sits among 50 futures firms

What it costs to reach a funded account

• As shown to a US visitor, 11 November 2026
• Mostly promo prices: they change often
• Cost to funded = price + activation fee, first pass (judged)

Phoenix Trader Funding's cheapest $50K route ($89.60, judged) is one of the 29 in the ledger's median of $158.

Activation fee

Classic: none+1 more

In fullphoenixtraderfunding.com

Classic: none ('No Classic account has any activation fees'); other lines show activation fees per cardNo Classic account has any activation fees. · phoenixtraderfunding.com, read 11 November 2026

Reset fee

unlimited resets on Classic, Daily, Spark+2 more

In fullphoenixtraderfunding.com

unlimited resets on Classic, Daily, Spark (none on Merit); a free monthly reset coupon; otherwise a fee by line and sizeYes, and as many times as you like. Classic, Daily and Spark can all be reset without limit. Merit is the one exception and cannot be reset at all. … Every account earns a reset coupon each month and they stack · phoenixtraderfunding.com, read 11 November 2026

Monthly fees once funded

none (Classic and Daily challenges renew every 30 days until passed+1 more

In fullphoenixtraderfunding.com

none (Classic and Daily challenges renew every 30 days until passed; Spark and Merit one-time)Classic and Daily renew automatically every 30 days. … Spark and Merit are paid once. … Funded accounts carry no monthly fee on any line. · phoenixtraderfunding.com, read 11 November 2026

Ways to pay for a challenge

Not stated

Phoenix Trader Funding rules

Drawdown

End-of-day trailing or Static

In fullphoenixtraderfunding.com

Classic: end-of-day trailing in the challenge; static on live fundingTrailing Drawdown (EOD) $2000 … Live Funding Drawdown Type Static · phoenixtraderfunding.com, read 11 November 2026

Consistency rule

Classic and Daily: 50% in the challenge, none when funded

Sourcephoenixtraderfunding.com

ACCOUNT Challenge Funded Classic 50% None Daily 50% None · phoenixtraderfunding.com, read 11 November 2026

Profit split

Up to 90% to you

In fullphoenixtraderfunding.com

Classic and Spark 90%; Daily 80%Classic 90% 10% Spark 90% 10% Daily 80% 20% · phoenixtraderfunding.com, read 11 November 2026

Try these rules on your own numbers: the drawdown calculator shows where the max-loss line sits after each day, the futures calculator gives tick values and how many contracts fit the room left, and the risk of ruin calculator estimates the odds of hitting the max loss before the profit target.

Phoenix Trader Funding payout rules

When you can ask Phoenix Trader Funding for a payout, the minimum, how you're paid and the rules that can stop a payout, in the firm's own words, read 11 November 2026. Every firm side by side: prop firm payout rules compared.

When you can ask

Weekly Classic: weekly, 5 winning days between payouts, no consistency rule…+1 more

In fullphoenixtraderfunding.com

Classic: weekly, 5 winning days ($100/$200/$300 by size) between payouts, no consistency rule when funded; processed in 2-3 business daysClassic pays out weekly. Your first payout opens five trading days in, and each payout after that is five trading days apart. … Allow up to 2 to 3 business days for a withdrawal to be processed. · phoenixtraderfunding.com, phoenixtraderfunding.com, read 11 November 2026

Payout minimum

$75 (Classic Growth 50K card)

Sourcephoenixtraderfunding.com

PAYOUT RULES Minimum Days 5 Minimum Profit Per Day $200 Min. Payout $75 · phoenixtraderfunding.com, read 11 November 2026

How you're paid

Not stated

Rules that can stop a payout

Breaking a loss limit usually closes the account outright, and the consistency rule is under Rules. Beyond that:

News trading

Not stated

Pass and payout rates, in Phoenix Trader Funding's words

Outcome figures it publishes

marketing headline only: '150+ countries funded', '8,000+ Discord…

In fullphoenixtraderfunding.com

marketing headline only: '150+ countries funded', '8,000+ Discord members' (no pass or payout rates)150+ countries funded · phoenixtraderfunding.com, read 11 November 2026

Firms count these differently (accounts or people, different periods), so don't rank one firm's figure against another's. All firms that publish their rates.

Is Phoenix Trader Funding legit? What the record shows

We don't rate firms or give a verdict on any firm. What we can show is how much Phoenix Trader Funding puts in writing: its own pages state 15 of the 16 key terms we check, its Fine Print Score, against a median of 14 across the 50 futures prop firms we scored (read 11 November 2026).

Not in writing on the pages we read: payout method. Ask the firm before you pay.

What this can't show: whether any one trader got paid. We don't collect traders' payout reports, so weigh reviews elsewhere with care. The count is mechanical, not a recommendation.

How many Phoenix Trader Funding accounts can I have?

Accounts at once

unlimited challenges; pre-funded: 3 (dxFeed) or 5 (TFeed) per trader

Sourcephoenixtraderfunding.com

Unlimited challenges. Pre-funded accounts are capped by data feed. … dxFeed 3 per trader TFeed 5 per trader · phoenixtraderfunding.com, read 11 November 2026

The limit as Phoenix Trader Funding's own page states it; the short answer is our reading of those words (judged). Rules on copying trades between accounts vary: check them before running several at once.

Platforms and data feed

Platforms

Odin and Quantower direct on TFeed+1 more

In fullphoenixtraderfunding.com

Odin (own platform) and Quantower direct on TFeed; NinjaTrader, Tradovate, TradingView, Sierra Chart and others via its Thor copierOdin is the platform we build ourselves. … Exactly two platforms connect straight to a TFeed account. … NinjaTrader Tradovate TradingView · phoenixtraderfunding.com, read 11 November 2026

Data feed

TFeed (own feed) or dxFeed; Live accounts on Rithmic at EdgeClear

Sourcephoenixtraderfunding.com

Which platform you can use depends on the data feed your account runs, TFeed or dxFeed · phoenixtraderfunding.com, read 11 November 2026

What you can trade and how

The big words are our short reading of Phoenix Trader Funding's own words; tap Source to read them. "Not stated" means its pages don't say. It does not mean banned.

• Bots and EAs Has limits
  Not allowed: no HFT or EA bots, on every line

  In fullphoenixtraderfunding.com

  Not allowed: no HFT or EA bots (automated systems that trade without you), on every lineNo HFT or EA bots. Automated systems that trade without you. · phoenixtraderfunding.com, read 11 November 2026
• Copy trading and trade copiers Has limits
  allowed across your own accounts

  In fullphoenixtraderfunding.com

  allowed across your own accounts (own copier, Thor); cross-account hedging bannedYes, on every Phoenix account and at every stage: Classic, Daily, Spark and Merit, challenge and funded alike. … What is prohibited is hedging: opposing positions on the same asset across two accounts · phoenixtraderfunding.com, read 11 November 2026
• Scalping Has limits
  Allowed: no minimum trade duration

  In fullphoenixtraderfunding.com

  Allowed: no minimum trade duration (no one-tick trading on bonds and no flipping on funded accounts)scalping with no minimum trade duration … No one tick trading on bonds, and no flipping, on funded accounts. · phoenixtraderfunding.com, read 11 November 2026
• Hedging Has limits
  prohibited across accounts

  Sourcephoenixtraderfunding.com

  What is prohibited is hedging: opposing positions on the same asset across two accounts, so the pair is flat whichever way price goes. · phoenixtraderfunding.com, read 11 November 2026
• Martingale and grid Allowed
  Martingale and DCA allowed on every line

  In fullphoenixtraderfunding.com

  Allowed: Martingale and DCA allowed on every lineAllowed everywhere, and worth knowing because most people assume otherwise: news trading including Tier 1 events, scalping with no minimum trade duration, Martingale and DCA · phoenixtraderfunding.com, read 11 November 2026
• Holding overnight Not allowed
  on any account, including Live

  In fullphoenixtraderfunding.com

  not allowed on any account, including LiveNo. Overnight and over-week positions are prohibited on every account we offer: Classic, Daily, Spark and Merit, at every stage. · phoenixtraderfunding.com, read 11 November 2026
• Time limit to pass
  No fixed limit stated for Classic and Daily+1 more

  In fullphoenixtraderfunding.com

  No fixed limit stated for Classic and Daily (challenges renew every 30 days until passed); one-time lines show a maximum, e.g. 30 calendar days on the $2,000 accountClassic and Daily renew automatically every 30 days. … Once you pass, any challenge subscription is cancelled automatically. … Minimum Calendar Days1Maximum Calendar Days30 · phoenixtraderfunding.com, read 11 November 2026

Who runs it

As printed on the firm's own pages. We never infer incorporation from an address.

Company

Phoenix Trader Funding SAS+1 more

In fullphoenixtraderfunding.com

Phoenix Trader Funding SAS; Live accounts hosted at EdgeClearCompany Phoenix Trader Funding SAS (société par actions simplifiée à associé unique) · phoenixtraderfunding.com, read 11 November 2026

Where it is based

France (Paris; French law)

Sourcephoenixtraderfunding.com

Registered office 60 rue François 1er, 75008 Paris, France … This Agreement is governed by French law. · phoenixtraderfunding.com, read 11 November 2026

Regulatory status

Says it is not regulated

In fullphoenixtraderfunding.com

Firm says it is not a broker, gives no investment advice, holds no client money and its services are not an investmentWe are not a broker and we do not provide investment, financial, tax or legal advice. … You do not deposit funds with us, we do not hold client money · phoenixtraderfunding.com, read 11 November 2026

Who can join

From Phoenix Trader Funding's own pages, read 11 November 2026. Not a promise or a view on legality: ID checks, payout providers and local law still apply. How we checked.

Its country list

34 entries following OFAC programmes, incl. Afghanistan, Armenia…

In fullphoenixtraderfunding.com

34 entries following OFAC programmes, incl. Afghanistan, Armenia, Belarus, Cuba, Egypt, Iran, Iraq, Lebanon, North Korea, Russia, Syria, Tunisia, Turkey, occupied Ukrainian regions, Venezuela, Zimbabwe (full list on page)Thirty four entries, in alphabetical order. Afghanistan Armenia Belarus Bosnia and Herzegovina Burma (Myanmar) Burundi Central African Republic Cuba Egypt … Russia Somalia South Sudan Sudan Syria Tunisia Turkey · phoenixtraderfunding.com, read 11 November 2026

United States

US not on its restricted list

In fullphoenixtraderfunding.com

yes (US not on the firm's 34-entry restricted list)We accept traders from most of the world, so this page lists the exceptions rather than the rule. … Thirty four entries, in alphabetical order. · phoenixtraderfunding.com, read 11 November 2026

US states and territories

Not stated

Compare with

Other firms with a $50K plan, nearest in price shown. Chosen by our data, never by commission.

Phoenix Trader Funding and every other futures firm, with Topstep's terms on top: Topstep alternatives.

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On our lists: End-of-day drawdown · Cheapest $50K to funded · Serves US traders · Tradovate · NinjaTrader · TradingView.

Payout rules: Topstep payout rules · Alpha Futures payout rules · Lucid Trading payout rules · Tradeify payout rules · Take Profit Trader payout rules · Apex Trader Funding payout rules · MyFundedFutures payout rules · FundedNext Futures payout rules.

Every futures firm side by side: futures prop firms compared.

Pages we read

• 17 pages read 11 November 2026
• From a US network address
• Text saved with a SHA-256 fingerprint
• Method and CSV

• phoenixtraderfunding.com/faq/detail/most-asked-questions/which-countries-are-acceptedread 11 November 2026 · used for US access, restricted countries
• phoenixtraderfunding.com/faq/detail/payout/how-does-profit-sharing-profit-split-workread 11 November 2026 · used for profit split, profit split (this plan)
• phoenixtraderfunding.com/faq/detail/classic-accounts/classic-accounts-payout-rulesread 11 November 2026 · used for payout schedule
• phoenixtraderfunding.com/faq/detail/payout/what-is-your-payout-payment-processorread 11 November 2026 · used for payout schedule
• phoenixtraderfunding.com/classic-accountsread 11 November 2026 · used for payout minimum, drawdown, activation fee, price shown, list price, billing, reset fee, drawdown (this plan)
• phoenixtraderfunding.com/faq/detail/dont-know-where-to-start/on-which-platforms-can-i-traderead 11 November 2026 · used for platforms, data feed
• phoenixtraderfunding.com/faq/detail/most-asked-questions/whats-a-consistency-ruleread 11 November 2026 · used for consistency rule
• phoenixtraderfunding.com/faq/detail/most-asked-questions/do-you-allow-resetsread 11 November 2026 · used for reset fee
• phoenixtraderfunding.com/faq/detail/most-asked-questions/how-does-monthly-billing-work-challenge-level-2-datasread 11 November 2026 · used for monthly fees once funded, time limit to pass
• phoenixtraderfunding.com/faq/detail/most-asked-questions/how-many-accounts-can-i-trade-maximum-number-of-accountsread 11 November 2026 · used for accounts you can hold at once
• phoenixtraderfunding.com/termsread 11 November 2026 · used for company, where it is based, regulatory status, as the firm states it
• phoenixtraderfunding.comread 11 November 2026 · used for pass and payout rates (the firm's own figures), what you can trade
• phoenixtraderfunding.com/faq/detail/most-asked-questions/can-i-trade-the-newsread 11 November 2026 · used for news trading
• phoenixtraderfunding.com/faq/detail/payout/what-are-our-payout-rulesread 11 November 2026 · used for bots and EAs, scalping, martingale and grid
• phoenixtraderfunding.com/faq/detail/risk-management/is-copy-trading-allowedread 11 November 2026 · used for copy trading and trade copiers, hedging
• phoenixtraderfunding.com/faq/detail/risk-management/do-you-allow-overnightoverweek-positionsread 11 November 2026 · used for holding overnight

Spotted a mistake? Tell us with evidence; fixes go on the corrections page. All prop firm pages.