Upcomers Phoenix Review (2026): Static Drawdown 2-Step, Code enigma & Our 7.8/10 Rating

What you need to pass

10K: phase 1 target $400, phase 2 target $400, max drawdown $600, daily loss $400; 25K: phase 1 target $1,000, phase 2 target $1,000, max drawdown $1,500, daily loss $1,000; 50K: phase 1 target $2,000, phase 2 target $2,000, max drawdown $3,000, daily loss $2,000; 100K: phase 1 target $4,000, phase 2 target $4,000, max drawdown $6,000, daily loss $4,000; 200K: phase 1 target $8,000, phase 2 target $8,000, max drawdown $12,000, daily loss $8,000; 300K: phase 1 target $12,000, phase 2 target $12,000, max drawdown $18,000, daily loss $12,000; 500K: phase 1 target $20,000, phase 2 target $20,000, max drawdown $30,000, daily loss $20,000; 1.5M: phase 1 target $60,000, phase 2 target $60,000, max drawdown $90,000, daily loss $60,000.

Drawdown: a 6% static max drawdown — a fixed floor 6% below where you start, it never moves.

No consistency rule and no minimum days to pass — hit the target and close your positions.

Trading rules

These apply on every account.

Daily loss: 4% · resets 00:00 UTC · Max drawdown: 6% · static · Max loss per trade: 3% of the size once funded — a HARD breach · Best-day rule: 20% once funded · soft, delays a payout · Trading days: No minimum · Banned: Trades under 2 min · one-sided bets · hedging · HFT/arbitrage · Allowed: News · EAs and AI agents (your own) · weekends · An account is closed after 35 days with no closed trade · a reset, or a declined or partly approved payout, limits every later payout on that account to 50% · the gambling-behaviour rules (all-or-nothing trades, sizing up after losses) can cut or deny a payout

Price with our code enigma

One-time fees at the standard 90% split (list → at checkout now, 90% off): 10K $249 → $24.90, 25K $449 → $44.90, 50K $690 → $69, 100K $1,190 → $119, 200K $1,990 → $199, 300K $2,790 → $279, 500K $4,390 → $439, 1.5M $11,390 → $1,139. Upcomers' prices at the standard 90% split, with its running 90% promotion applied automatically at checkout. Our code enigma adds 5 percentage points on your first order (Upcomers' affiliate terms). One-time fee.

Upcomers is running 90% off right now, applied automatically at checkout. Use our Upcomers code enigma through our link (upcomers.com/?ref=enigma) — Upcomers' affiliate terms add 5 more percentage points off your first order.

Funded: the rules that pay

10K: daily loss $400, max drawdown $600, max loss per trade $300, 1st payout cap $100; 25K: daily loss $1,000, max drawdown $1,500, max loss per trade $750, 1st payout cap $250; 50K: daily loss $2,000, max drawdown $3,000, max loss per trade $1,500, 1st payout cap $500; 100K: daily loss $4,000, max drawdown $6,000, max loss per trade $3,000, 1st payout cap $1,000; 200K: daily loss $8,000, max drawdown $12,000, max loss per trade $6,000, 1st payout cap $2,000; 300K: daily loss $12,000, max drawdown $18,000, max loss per trade $9,000, 1st payout cap $3,000; 500K: daily loss $20,000, max drawdown $30,000, max loss per trade $15,000, 1st payout cap $4,000; 1.5M: daily loss $60,000, max drawdown $90,000, max loss per trade $45,000, 1st payout cap $5,000.

Drawdown static · no minimum days · 1% profit before each payout.

Payouts

On request — 1% profit before each payout · no waiting period. Split: 90%. First payout cap: 10K $100, 25K $250, 50K $500, 100K $1,000, 200K $2,000. The cap rises payout by payout: after the 7th approved payout the account resets and the caps stop. Reviewed in 24–48 hours, paid by bank ($19.90 + 2.49% fee) or crypto ($19.90 + 30%, or the bank rate if over half your orders were paid in crypto) · $45 minimum.

Going live

1st payout ($1,000 cap on the 100K) → Each full approval (unlocks the next, higher cap) → Caps lifted (after the last tier the account resets to its start). Partial or declined payout: the cap does not move up; Profit above a cap: stays on the account, never withdrawable later; A reset or a rule violation: every later payout on that account is limited to 50%.

Rating: 7.8/10 and the closest rival

The Enigma Score gives the Phoenix 100K 7.8/10 (Strong): Value 61, Risk Cushion 100, Payout Reach 69, Pass Ease 86, Trader Sentiment 25 (Trustpilot rating withdrawn — fake reviews removed). Lifts it: Static drawdown in the evaluation; Static drawdown once funded; Loss buffer at least as big as the profit target; No consistency rule in the evaluation. Holds it back: Daily loss limit $4,000; 20% consistency rule once funded; 2 evaluation phases; $1,000 profit buffer before the first withdrawal.

Its closest rival is Instant Funding Two-Phase Micro (8% / 5%) (9.0/10, $289.10): Drawdown: 6% static vs static; Daily loss · 100K: $4,000 vs $4,000; Best-day rule (funded): 20% vs 15%; First payout cap: $1,000 vs none; Payouts: on request vs On demand; Split: 90% vs 80%.

Who Upcomers Phoenix is for

Buy it if: A static drawdown — a floor that never moves; Two 4% targets, no minimum days; The cheapest 100K Upcomers sells: $119. Not for you if: You'd rather pass in one step → Thunderbolt. The cheapest way in is the 10K at $24.90 with our code enigma. Before you buy: Upcomers' Trustpilot rating is currently withdrawn for a breach of Trustpilot's guidelines (fake reviews were removed), and recent one-star reviews describe payouts denied under its risk rules (max single-trade loss, best-day, trading-day and gambling-behaviour rules). Read the rules carefully.

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