Phoenix Trader Funding Review 2026
Phoenix Trader Funding is a United States-based futures proprietary trading firm. Evaluation accounts start at $44, currently 30% off with code FUNDIFY.
Phoenix Trader Funding
Phoenix Trader Funding is a proprietary trading firm offering a comprehensive ecosystem with a proprietary platform, Odin, and simplified rules designed for serious traders.
Affiliate link — FundedEnigma may earn a commission if you sign up, at no extra cost to you. The code FUNDIFY applies the firm's current discount. Disclosure.
Quick Facts
Profit Split
90/10 (Daily 80/20; Merit 50/50 then 80/20)
Max Allocation
$100K per account
First Payout
5 days
Payout Frequency
Weekly (Classic) / bi-weekly (Spark) / daily (Daily) / any time (Merit live)
Company Information
Features & Rules
Payment Methods
Overview
Enigma Rating
100% data confidence
Follows the best-rated of 9 plans, each scored on its own rules and price against plans with the same drawdown type.
Net first payout you can expect per dollar spent (repeat your eval result once, after the split and any cap) — vs. plans with the same drawdown type. — ≈ $8.7 first payout / $1 spent · Classic Starter V3 (monthly) 25K
How much loss buffer (max drawdown) you get for the price — vs. plans with the same drawdown type. — ≈ $24.1 buffer / $1 spent · Classic Starter V3 (monthly) 25K
How quickly you reach a first withdrawal — eval days, funded days, the profit buffer and the payout cycle — and how cheaply. — ≈ 7 trading days to a first payout · $62 all-in · Classic Starter V3 (monthly) 25K
How few restrictive rules stand between you and getting funded — scored per plan from its own eval and funded rules. — Friction: 50% consistency rule in eval, $1,500 profit buffer before the first withdrawal, First payout capped at $600 · Classic Starter V3 (monthly) 25K
Aggregated trader ratings and review reputation. — 4.6/5 Trustpilot (243 reviews) · recent 60 reviews average 4.3 · praised: Helpful support (8%), Fast payouts (7%) · complaints: Scam accusations (7%)
Rating by plan
All-in price includes the live discount| Plan | Account | Total cost | Value | Cushion | Payout | Ease | Rating |
|---|---|---|---|---|---|---|---|
| Merit Account (30-day live-proof) | 2K | $69 | |||||
| Spark Seed (one-time) | 10K | $64.20−20% | |||||
| Daily Seed (monthly) | 10K | $99 | |||||
| Spark Starter (one-time) | 25K | $88.20−20% | |||||
| Classic Starter V3 (monthly)Best | 25K | $62.30−30% | |||||
| Daily Starter (monthly) | 25K | $199 | |||||
| Classic Growth V3 (monthly) | 50K | $89.60−30% | |||||
| Daily Growth (monthly) | 50K | $329 | |||||
| Classic Scale V3 (monthly) | 100K | $188.30−30% |
Why the best plan scores well
- +End-of-day drawdown in eval
- +End-of-day drawdown once funded
- +Loss buffer at least as big as the profit target
- +No daily loss limit
- +Bigger loss buffer per $ than most peer plans
What holds it back
- −50% consistency rule in eval
- −$1,500 profit buffer before the first withdrawal
- −First payout capped at $600
What recent reviews say
- +Helpful support (8%)
- +Fast payouts (7%)
- +Clear rules (7%)
- −Scam accusations (7%)
Trading Platforms
Tradable Assets
Payment Methods
Payout Methods
Key Features
Risk-Reward Profile
Trading Flexibility Score
Based on Phoenix Trader Funding's trading rules, this firm offers a moderate trading environment. Suitable for most trading styles with balanced risk management.
Indicative classification derived from the firm's published rule flags (scalping, news trading, consistency rules, etc.). Not part of the Enigma Score — see our methodology page for how firms are actually scored.
Market Position
Phoenix Trader Funding at a glance
Challenge Plans & Pricing
Cost Calculator
Evaluation vs Funded Account
What Changes When You Get Funded
Key rule differences between evaluation and funded phases
Payout Journey
Pass Evaluation
Complete all evaluation phases and meet profit targets
KYC Verification
Submit identity documents for verification
Receive Funded Account
Get access to your live funded trading account
First Payout Eligible
Meet the minimum trading period before first withdrawal
Request Payout
Submit withdrawal request and receive your profits
Pass Evaluation
Complete all evaluation phases and meet profit targets
KYC Verification
Submit identity documents for verification
Receive Funded Account
Get access to your live funded trading account
First Payout Eligible
Meet the minimum trading period before first withdrawal
Request Payout
Submit withdrawal request and receive your profits
Trading Rules
Trading Permissions
Trading Requirements
Additional Rules
Classic and Daily: best day may not exceed 50% of profit in the challenge, none once funded. Spark: none in the challenge, 30% once funded. Merit: none.
Pre-funded accounts: at least one trade every 7 calendar days (profit is forfeited if closed for inactivity). Challenges: none, except Spark (90 days).
Evaluation Guidelines
US futures prop firm with four lines: Classic V3 (monthly $25K-$100K, EOD trailing drawdown, no daily loss, 2-day pass, 50% challenge consistency, weekly payouts from $75, 90/10), Spark (one-time $44/$74, $10K/$25K, 1-day pass, $29 activation, bi-weekly payouts from $30, 90/10), Daily ($10K-$50K monthly, same challenge as Classic, every green day pays out 3 trading days later, 80/20) and Merit ($69 one-time, 30-day live-proof test with no target, straight to a live $2,000 account). Pre-funded accounts move to Live Funded with EdgeClear after 4 payouts (Daily: after a lifetime payout total). Free monthly reset coupons on subscriptions.
Close every position before the session close: no overnight or weekend holding at any stage. No hedging across accounts, no HFT/EA bots, no one-tick bond trades, no flipping; stay 2% away from CME price limits. Scalping, DCA, Martingale, copy trading between your own accounts and Tier-1 news trading are allowed with no minimum trade duration. Inactivity: none on challenges (Spark 90 days), one trade every 7 calendar days on pre-funded accounts. Payouts via Payoneer, Wise or PayPal within 2-3 business days (no crypto).
Restricted Countries
Phoenix Trader Funding is not available in 3 countries
Traders from these countries cannot participate in evaluations
This list may change. Please verify eligibility directly with Phoenix Trader Funding before purchasing.
Trust & Track Record
Reviews & Verdict
The Upside
What we love
Fast and flexible payout options available.
Traders keep 90/10 (Daily 80/20; Merit 50/50 then 80/20) of their profits.
Payouts processed within 5 days.
Skip evaluation with instant funding options.
No restrictions on trading during news events.
The Downside
Room for improvement
Classic and Daily: best day may not exceed 50% of profit in the challenge, none once funded. Spark: none in the challenge, 30% once funded. Merit: none.
Identity verification required before trading.
Positions must be closed before weekends.
High-frequency trading strategies are restricted.
Trustpilot Reviews
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Community Reviews
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Frequently Asked Questions
About Phoenix Trader Funding
Funded traders keep a 90/10 (Daily 80/20; Merit 50/50 then 80/20) profit split. Capital can scale up to $100K per account. Payouts: Weekly (Classic) / bi-weekly (Spark) / daily (Daily) / any time (Merit live), with a first withdrawal available after 5 days. Risk is managed using the EOD trailing (Spark funded: real-time; Merit/live: static) drawdown model, and a consistency rule applies: Classic and Daily: best day may not exceed 50% of profit in the challenge, none once funded. Spark: none in the challenge, 30% once funded. Merit: none. Trading is available on Odin, Quantower, Tradovate, NinjaTrader, TradingView across Futures. Maximum leverage is 1:100. On Trustpilot it holds 4.6/5 from 243 reviews. Compare Phoenix Trader Funding on FundedEnigma and check out with code FUNDIFY to get the firm's current public discount while the sale is attributed to FundedEnigma.
Trustpilot rating: 4.6 / 5 from 243 reviews
Phoenix Trader Funding plans
- Spark Seed — 10K, from $35.20 (20% off)
- Spark Starter — 25K, from $59.20 (20% off)
- Classic Starter V3 — 25K, from $62.30 (30% off)
- Merit Account — 2K, from $69
- Classic Growth V3 — 50K, from $89.60 (30% off)
- Daily Seed — 10K, from $99
- Classic Scale V3 — 100K, from $188.30 (30% off)
- Daily Starter — 25K, from $199
- Daily Growth — 50K, from $329
Phoenix Trader Funding — Frequently asked questions
- How much does Phoenix Trader Funding cost?
- Phoenix Trader Funding evaluations start at $44 (base price). Use code FUNDIFY for the current 30% discount.
- What is Phoenix Trader Funding's profit split?
- Phoenix Trader Funding offers a 90/10 (Daily 80/20; Merit 50/50 then 80/20) profit split.
- What is Phoenix Trader Funding's payout policy?
- Phoenix Trader Funding's payout policy is: Weekly (Classic) / bi-weekly (Spark) / daily (Daily) / any time (Merit live).
- Does Phoenix Trader Funding have a consistency rule?
- Yes — Phoenix Trader Funding applies a consistency rule: Classic and Daily: best day may not exceed 50% of profit in the challenge, none once funded. Spark: none in the challenge, 30% once funded. Merit: none.
- What drawdown type does Phoenix Trader Funding use?
- Phoenix Trader Funding uses EOD trailing (Spark funded: real-time; Merit/live: static) drawdown.
- Which countries does Phoenix Trader Funding restrict?
- Phoenix Trader Funding does not accept traders from 3 countries, including Not specified, North Korea, Iran. The full list is on this page under Restricted Countries.
- What are Phoenix Trader Funding's payout rules?
- At Phoenix Trader Funding, payouts are weekly (Classic) / bi-weekly (Spark) / daily (Daily) / any time (Merit live); the first payout can be requested after 5 days; payout methods are Payoneer, Wise, PayPal.
Reviewed by the FundedEnigma Editorial Team · Methodology · Editorial policy · Last updated September 16, 2026