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GROUND REPORT / EDITORIAL RECORD
Phoenix Trader Funding logo

Phoenix Trader Funding

Futures · United States

US futures firm offering trailing (Classic), static (Ascension) and consistency-focused (Merit) evaluation routes.

RATING4.6/5

243 reviews · $150,000 max allocation

OverviewChallengesRulesPayout TermsPlatformsReviewsOffersUpdates
OVERVIEW

Firm record

Phoenix Trader Funding runs Classic (trailing drawdown), Ascension (static drawdown, faster qualification) and Merit accounts from $50K to $150K, with a 90% profit split. Rules & payouts: EAs are allowed; no trades within 2 minutes either side of Tier-1 news; copying other traders is prohibited; first payout after 10 trading days, 1 per month (2 on request, free), minimum $500, max $2,000 per payout; breached accounts must be re-purchased.

Founded
2023
Support
Markets
Futures
Countries listed
0
CHALLENGES

Published programs

ProgramAccountPriceStepsTargetDLLMax lossSplit
Spark $10K$10,000$441-Step$600—$40090%
Merit $2K$2,000$69Instant Funding$0—$2,00090%
Spark $25K$25,000$741-Step$1,500—$1,00090%
Classic $25K$25,000$891-Step$1,500—$1,50090%
Daily $10K$10,000$991-Step$600—$60090%
Classic $50K$50,000$1281-Step$3,000—$2,00090%
Daily $25K$25,000$1991-Step$1,500—$1,50090%
Classic $100K$100,000$2691-Step$6,000—$3,00090%
Daily $50K$50,000$3291-Step$3,000—$2,00090%
RULE MATRIX

Key conditions

Based on the first published program. Review each program before purchasing.

Daily lossNot specified
Maximum loss$400
Drawdown typeEOD Trailing
ConsistencyNo eval consistency; 30% funded consistency; EOD eval / real-time funded drawdown
Minimum days1
ScalingOne-time fee; $29 activation
PAYOUT TERMS

Documented withdrawal rules

These are published terms, not an analysis of actual payout performance.

Profit splitUp to 90%
FrequencyUnder 48 hours
MethodsACH, Wire
Program capUncapped
PLATFORMS

Supported software

TradovateNinjaTraderR Trader ProTradingView
REVIEWS

Latest submitted experiences

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OFFERS

Current offer

40% OFF
40% OFF on Daily Accounts

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UPDATES

Recent firm updates

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Changes will appear here after an administrator publishes a sourced update.

Funded Ground

Your trusted source for prop firm comparisons, deals, reviews and trading resources.

Quick Links

FirmsChallengesCompareDealsReviews

Resources

ToolsNewsGuidesContact

Legal

About UsPrivacy PolicyCookie PolicyTerms of ServiceAffiliate DisclosureRisk DisclaimerRefund Policy
© 2026 Funded Ground. All rights reserved.Some links are affiliate links. Information only — not financial advice; trading involves substantial risk. Firm names and logos belong to their owners and are used for identification only; Funded Ground is not affiliated with or endorsed by any listed firm unless stated.