Rules checked

Phoenix Trader Funding

6 programs and 11 sizes in the Finder, for futures on NinjaTrader, Tradovate, Rithmic, TradingView and Quantower. Each starts with an evaluation. Hand trading only. Prices include today's codes where a program has one.

  • Hand only
  • Futures
  • NinjaTrader
  • Tradovate
  • Rithmic
  • TradingView
  • Quantower
  • 80% to 100% split

Rank it in the Finder opens the Finder with only this firm's accounts.

Trustpilot
4.5of 5
263 reviews, read 7 Nov 2026 · Trustpilot page (opens in a new tab)
Soonest $1,000
Mon 23 Nov
No priced size pays $1,000 within its safe daily target. The fastest, cash by this date for $1,000 withdrawn: Labs, Bedrock 25K Static 25K, 7 trading days (2 in the evaluation, at $1,000 a day), then $3,000 a day until the first payout, then $500 once funded; 240% of its $1,250 max drawdown.
Most cushion
$3,000max drawdown
Classic 100K, trailing, locks at the start, moves to the start after a payout
Cheapest cushion
$35per $1k drawdown
Merit 2K at $69

Programs

Prices with today's code where a program has one. Days and daily goals are the Finder's default answer: as fast as the rules allow, no cushion (drawdown) kept after a payout.

Classic

Challenge, then Pre-funded · Futures · 3 sizes

CUP3030% off (Classic Starter/Growth/Scale V3 (monthly))Official, not shown on the official cards (third-party sites: 18 Nov 2026)
Rules: Official rules

Sizes

Classic: sizes and prices
SizePriceEval targetMax drawdownDaily loss limitCushion priceper $1k drawdownSafe daily targetPaid out at most
25K$62.30 list price $89 a month$1,500$1,500 trailing, locks at the start, moves to the start after a payoutnone$42 per $1k$475$2,400 over 4 payouts
50K$89.60 list price $128 a month$3,000$2,000 trailing, locks at the start, moves to the start after a payoutnone$45 per $1k$633$4,000 over 4 payouts
100K$188.30 list price $269 a month$6,000$3,000 trailing, locks at the start, moves to the start after a payoutnone$63 per $1k$950$8,000 over 4 payouts

How fast each size pays

Cash date for each amount withdrawn (before the split), bought and first traded on Fri 6 Nov 2026; trading days and the daily goal as the Finder ranks them by default.

Classic: cash date for $500, $1,000 and $2,000
Size$500$1,000$2,000
25Keval $750 a dayFri 27 Nov10 days · funded $400 a day2 eval, 3 wait, 5 fundedFri 4 Dec15 days · funded $380 a day until the first payoutthen $120 a day2 eval, 3 wait, 10 funded2 payoutsFri 18 Dec25 days · funded $340 a day until the first payoutthen $120 a day2 eval, 3 wait, 20 funded4 payouts
50Keval $1,500 a dayFri 27 Nov10 days · funded $500 a day2 eval, 3 wait, 5 fundedFri 27 Nov10 days · funded $600 a day2 eval, 3 wait, 5 fundedFri 4 Dec15 days · funded $600 a day until the first payoutthen $200 a day2 eval, 3 wait, 10 funded2 payouts
100Keval $3,000 a dayFri 27 Nov10 days · funded $700 a day2 eval, 3 wait, 5 fundedFri 27 Nov10 days · funded $800 a day2 eval, 3 wait, 5 fundedFri 27 Nov10 days · funded $1,000 a day2 eval, 3 wait, 5 funded
  • within 8 trading days
  • 9 to 15
  • 16 or more
  • out of reach on one account

Rules and payouts

Type
Challenge, then Pre-funded
Bots
Hand only: HFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
Platforms
NinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Payouts
Weekly: 5 days of $100+ ($200+/$300+ at 50K/100K) per payout, above a buffer equal to the drawdown; $75 to $600/$1,000/$2,000; 90%; live after 4.
Evaluation
  • 25K: Challenge: $1,500 target, at least 2 trading days, best day at most 50% of the profit; $1,500 max loss
  • 50K: Challenge: $3,000 target, at least 2 trading days, best day at most 50% of the profit; $2,000 max loss
  • 100K: Challenge: $6,000 target, at least 2 trading days, best day at most 50% of the profit; $3,000 max loss
Price
A month, billed until you pass; includes any activation fee
Payout goal
  • 25K: First payout: after 5 trading days, 5 days of at least $100, at least $75 a request; Then: every 5 trading days, 5 days of at least $100; $1,500 has to stay
  • 50K: First payout: after 5 trading days, 5 days of at least $200, at least $75 a request; Then: every 5 trading days, 5 days of at least $200; $2,000 has to stay
  • 100K: First payout: after 5 trading days, 5 days of at least $300, at least $75 a request; Then: every 5 trading days, 5 days of at least $300; $3,000 has to stay
Cap per payout
  • 25K: $600 a payout
  • 50K: $1,000 a payout
  • 100K: $2,000 a payout
Smallest request
$75
Payout split
90% on every payout
Has to stay
  • 25K: $1,500
  • 50K: $2,000
  • 100K: $3,000
Number of payouts
4, then the account ends or moves on.
Request to cash
3 business days to approve, 2 business days to arrive
Other limits
  • 25K: 1 mini / 15 micros; scales with profit at $1K/$2K/$4K
  • 50K: 3 minis / 30 micros; scales with profit at $1K/$2K/$4K
  • 100K: 6 minis / 60 micros; scales with profit at $1K/$2K/$4K
Confidence
Official rules: the firm's own pages
Open points
Every modelled value is now from Phoenix's own pages: monthly prices with CUP30 (cards), targets, EOD drawdowns, 50% evaluation consistency and 2 minimum days (Classic rules article), and the payout table (5 winning days before each payout, $75 minimum, locked buffer, caps, 90%, live after 4 payouts). The funded drawdown stops trailing at the starting balance and is set there at the first withdrawal (was 'not documented'). One graphic on the Classic page says '$0 minimum payout'; the payout table, the cards and the same page's text say $75, which is used. Payout processing: up to 2 to 3 business days, then the processor's own time (help centre); the Terms say approved payouts are normally sent within 3 business days; the processor's time is not stated (2 business days assumed). The funded account follows a review of up to 72 hours after passing plus KYC and a contract signed within 48 hours (3 trading days used). The dxFeed surcharge that review sites quote is not on the official cards (the billing article only mentions optional dxFeed depth data), so it is no longer applied.

Rules

Monthly one-step evaluation (Starter/Growth/Scale V3): 6% target, EOD trailing drawdown, no daily drawdown, 50% consistency, 2 days. Pre-funded: same EOD drawdown, which stops trailing at the starting balance and is set there at the first withdrawal; locked buffer equal to the drawdown; 5 winning days of $100/$200/$300 before each payout (weekly); $75 minimum; $600/$1,000/$2,000 per payout; no funded consistency; 90% split; live (EdgeClear, static) after 4 payouts.

Watch out

No overnight or weekend positions at any stage; a breach can cost the funded account or a payout. Hedging across accounts, account rolling and cross-account martingale are banned. 7 days without a trade closes a pre-funded account. Monthly fee until you pass.

Daily

Challenge, then Sim Funded · Futures · 3 sizes

CUP4040% off (Daily Seed/Starter/Growth)Official, not shown on the official cards (third-party sites: 18 Nov 2026)
Rules: Official rules

Sizes

Daily: sizes and prices
SizePriceEval targetMax drawdownDaily loss limitCushion priceper $1k drawdownSafe daily targetPaid out at most
10K$59.40 list price $99 a month$600$600 trailing, locks at the startnone$99 per $1k$190no set limit
25K$119.40 list price $199 a month$1,500$1,500 trailing, locks at the startnone$80 per $1k$475no set limit
50K$197.40 list price $329 a month$3,000$2,000 trailing, locks at the startnone$99 per $1k$633no set limit

How fast each size pays

Cash date for each amount withdrawn (before the split), bought and first traded on Fri 6 Nov 2026; trading days and the daily goal as the Finder ranks them by default.

Daily: cash date for $500, $1,000 and $2,000
Size$500$1,000$2,000
10Keval $300 a dayThu 3 Dec14 days · funded $123 a day until the first payoutthen $120 a day2 eval, 3 wait, 9 funded3 payoutsMon 7 Dec16 days · funded $146 a day until the first payoutthen $145 a day2 eval, 3 wait, 11 funded5 payoutsOut of reachon one account
25Keval $750 a dayTue 1 Dec12 days · funded $286 a day2 eval, 3 wait, 7 fundedWed 2 Dec13 days · funded $313 a day until the first payoutthen $309 a day2 eval, 3 wait, 8 funded2 payoutsFri 4 Dec15 days · funded $350 a day2 eval, 3 wait, 10 funded4 payouts
50Keval $1,500 a dayTue 1 Dec12 days · funded $358 a day2 eval, 3 wait, 7 fundedTue 1 Dec12 days · funded $429 a day2 eval, 3 wait, 7 fundedWed 2 Dec13 days · funded $500 a day2 eval, 3 wait, 8 funded2 payouts
  • within 8 trading days
  • 9 to 15
  • 16 or more
  • out of reach on one account

Rules and payouts

Type
Challenge, then Sim Funded
Bots
Hand only: HFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
Platforms
NinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Payouts
Nothing until a threshold equal to the drawdown is built, then each green day pays 3 trading days later; $75 to $200/$500/$1,000 a day; 80% split.
Evaluation
  • 10K: Challenge: $600 target, at least 2 trading days, best day at most 50% of the profit; $600 max loss
  • 25K: Challenge: $1,500 target, at least 2 trading days, best day at most 50% of the profit; $1,500 max loss
  • 50K: Challenge: $3,000 target, at least 2 trading days, best day at most 50% of the profit; $2,000 max loss
Price
A month, billed until you pass; includes any activation fee
Payout goal
  • 10K: First payout: after 7 trading days, at least $75 a request; $600 has to stay
  • 25K: First payout: after 7 trading days, at least $75 a request; $1,500 has to stay
  • 50K: First payout: after 7 trading days, at least $75 a request; $2,000 has to stay
Cap per payout
  • 10K: $200 a payout; $1,500 in all
  • 25K: $500 a payout; $3,750 in all
  • 50K: $1,000 a payout; $7,500 in all
Smallest request
$75
Payout split
80% on every payout
Has to stay
  • 10K: $600
  • 25K: $1,500
  • 50K: $2,000
Number of payouts
No set number
Request to cash
3 business days to approve, 2 business days to arrive
Other limits
  • 10K: 6 micros
  • 25K: 1 mini / 15 micros
  • 50K: 3 minis / 30 micros
Confidence
Official rules: the firm's own pages
Open points
Now official: prices with CUP40 (cards), evaluation rules, the daily payout table (caps, $75 minimum, locked buffer, 80%), maturation and the lifetime totals. The Daily page says nothing is withdrawable until the Security Threshold (equal to the drawdown) is built and only green days above it mature over 3 trading days; the help-centre example lets a first-day profit mature from day 1. The threshold reading is used (slower): with days at the daily cap the first request comes on funded day 7 (our earlier reading of the rules had day 4, and day 3 at 50K). Big days: the Daily page and the cards say any day over 30% of total profit matures in 5; the help centre adds a dollar minimum equal to the daily cap; the 30%-only reading is used. Lifetime totals count the 80% share received, so sim withdrawals run to $1,500/$3,750/$7,500 gross (our earlier reading had $1,200/$3,000/$6,000 gross). Conflicts not used by the model: reset fee $59/$114/$189 on the cards vs $39/$69/$99 in the rules article (higher kept); the cards say one-time while the billing article says Daily renews every 30 days (taken as monthly). Payout time: the Daily page promises under 24 hours or doubled; the help centre says 2 to 3 business days plus the processor's time, which is used. Payout processing: up to 2 to 3 business days, then the processor's own time (help centre); the Terms say approved payouts are normally sent within 3 business days; the processor's time is not stated (2 business days assumed). The funded account follows a review of up to 72 hours after passing plus KYC and a contract signed within 48 hours (3 trading days used).

Rules

One-step evaluation (Seed/Starter/Growth), the same as Classic: 6% target, EOD trailing drawdown, no daily drawdown, 50% consistency, 2 days. Sim Funded: nothing is withdrawable until a Security Threshold equal to the drawdown is built (traded at half size); then each green day above it matures over 3 trading days (5 for a day worth more than 30% of total profit) and can be requested from $75, up to $200/$500/$1,000 per trading day ($1,000 a day per trader across Daily accounts); 80% split; EOD trailing drawdown that stops once the threshold is cleared; moves to live once $1,200/$3,000/$6,000 has been received (the 80% share).

Watch out

Half size until the threshold is built. A day over 30% of profit waits 5 trading days. Sim payouts end at $1,200/$3,000/$6,000 received, then live. No overnight or weekend positions. Up to 3 Daily accounts, $1,000 a day across them.

Spark

Challenge, then Pre-funded · Futures · 2 sizes

CUP2020% off (Spark Seed/Starter)Official, not shown on the official cards (third-party sites: 18 Nov 2026)
Rules: Official rules

Sizes

Spark: sizes and prices
SizePriceEval targetMax drawdownDaily loss limitCushion priceper $1k drawdownSafe daily targetPaid out at most
10K$64.20 list price $73$600$400 trailing, locks at the start, moves to the start after a payoutnone$161 per $1k$127$1,200 over 4 payouts
25K$88.20 list price $103$1,500$1,000 trailing, locks at the start, moves to the start after a payoutnone$88 per $1k$317$1,600 over 4 payouts

How fast each size pays

Cash date for each amount withdrawn (before the split), bought and first traded on Fri 6 Nov 2026; trading days and the daily goal as the Finder ranks them by default.

Spark: cash date for $500, $1,000 and $2,000
Size$500$1,000$2,000
10Keval $600 a dayWed 9 Dec18 days · funded $41 a day until the first payoutthen $40 a day1 eval, 3 wait, 14 funded2 payoutsThu 7 Jan 202737 days · funded $40 a day1 eval, 3 wait, 33 funded4 payoutsOut of reachon one account
25Keval $1,500 a dayWed 9 Dec18 days · funded $100 a day1 eval, 3 wait, 14 funded2 payoutsWed 23 Dec28 days · funded $100 a day1 eval, 3 wait, 24 funded3 payoutsOut of reachon one account
  • within 8 trading days
  • 9 to 15
  • 16 or more
  • out of reach on one account

Rules and payouts

Type
Challenge, then Pre-funded
Bots
Hand only: HFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
Platforms
NinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Payouts
First after 5 days of $40+ ($100+ at 25K) with the best day at most 30%, then every 14 days; $30/$75 to $300/$400; 90% split; live after 4.
Evaluation
  • 10K: Challenge: $600 target; $400 max loss
  • 25K: Challenge: $1,500 target; $1,000 max loss
Price
One-time; includes any activation fee
Payout goal
  • 10K: First payout: after 5 trading days, 5 days of at least $40, best day at most 30% of the profit, at least $30 a request; Then: every 14 calendar days and 5 trading days, 5 days of at least $40, best day at most 30% of the profit
  • 25K: First payout: after 5 trading days, 5 days of at least $100, best day at most 30% of the profit, at least $75 a request; Then: every 14 calendar days and 5 trading days, 5 days of at least $100, best day at most 30% of the profit
Cap per payout
  • 10K: $300 a payout
  • 25K: $400 a payout
Smallest request
  • 10K: $30
  • 25K: $75
Payout split
90% on every payout
Number of payouts
4, then the account ends or moves on.
Request to cash
3 business days to approve, 2 business days to arrive
Other limits
  • 10K: 1 mini / 10 micros
  • 25K: 2 minis / 20 micros
Confidence
Official rules: the firm's own pages
Open points
Now official: one-time prices with CUP20 and the $29 activation (cards, Spark article), evaluation rules, and the payout table. The split is 90% at both sizes (the 80% for Starter shown on review sites is wrong). The first payout comes 5 trading days into the funded account ('both reach the payout stage five trading days after you start'), so the bi-weekly interval applies only between payouts (the earlier model had it gate the first payout too). Bi-weekly is taken as 14 calendar days after the previous request. The home page footer still says 'Spark from $39 a month'; the cards and the help centre say one-time, which is used. The Spark article's 'instant validation' ('payout stage in only 5 trading days after starting') suggests the funded account comes at once, while the general article allows up to 72 hours of review: the 3 trading days are kept (slower). Payout processing: up to 2 to 3 business days, then the processor's own time (help centre); the Terms say approved payouts are normally sent within 3 business days; the processor's time is not stated (2 business days assumed). The funded account follows a review of up to 72 hours after passing plus KYC and a contract signed within 48 hours (3 trading days used).

Rules

One-time one-step evaluation (Seed/Starter): 6% target, EOD trailing drawdown, no daily drawdown, no consistency, 1 day; $29 activation on passing. Pre-funded: real-time trailing drawdown that stops at the starting balance and is set there at the first withdrawal; no buffer; 5 days of $40/$100 before the first payout, then bi-weekly; best day at most 30%; $30/$75 minimum; $300/$400 per payout; 90% split; live (EdgeClear, static) after 4 payouts.

Watch out

$29 activation fee on passing. The funded drawdown trails in real time until it reaches the start. No overnight or weekend positions; a breach can cost the account or a payout. Account rolling and cross-account martingale are banned.

Labs - Classic Agile

Evaluation, then Funded · Futures · 1 size

AGILE3030% off (auto-applied) (Labs Classic Agile 25K)Official, no end shown
Rules: Official rules

Sizes

Labs - Classic Agile: sizes and prices
SizePriceEval targetMax drawdownDaily loss limitCushion priceper $1k drawdownSafe daily targetPaid out at most
25K$64.80 list price $92.57$1,250$1,000 trailing, locks at the start + $100none$65 per $1k$317$4,000 over 4 payouts

How fast each size pays

Cash date for each amount withdrawn (before the split), bought and first traded on Fri 6 Nov 2026; trading days and the daily goal as the Finder ranks them by default.

Labs - Classic Agile: cash date for $500, $1,000 and $2,000
Size$500$1,000$2,000
25Keval $625 a dayFri 27 Nov10 days · Funded $221 a day2 eval, 3 wait, 5 FundedFri 27 Nov10 days · Funded $421 a day2 eval, 3 wait, 5 FundedFri 4 Dec15 days · Funded $421 a day until the first payoutthen $200 a day2 eval, 3 wait, 10 Funded2 payouts
  • within 8 trading days
  • 9 to 15
  • 16 or more
  • out of reach on one account

Rules and payouts

Type
Evaluation, then Funded
Bots
Hand only: HFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
Platforms
NinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Payouts
After 5 sessions of $100+ and $500 new profit; at most 50% of profit, $500 to $1,000 a payout; $4,000 over at most 4 payouts; 90% split.
Evaluation
Evaluation: $1,250 target, at least 2 trading days, best day at most 51% of the profit; $1,000 max loss
Price
One-time; includes any activation fee
Payout goal
First payout: $500 profit, 5 days of at least $100, at least $500 a request; Then: $500 profit, 5 days of at least $100; the balance must be $500 up at each request
Cap per payout
$1,000 a payout; 50% of the profit a request; $4,000 in all
Smallest request
$500
Payout split
90% on every payout
Number of payouts
4, then the account ends or moves on.
Request to cash
3 business days to approve, 2 business days to arrive
Other limits
2 minis / 20 micros (1 mini / 10 micros until $1,000 funded profit)
Confidence
Official rules: the firm's own pages
Open points
Everything modelled now comes from the Labs card and help centre (the earlier reading relied on PropFirmMap only): 2 minimum days and a 51% consistency rule in the evaluation (earlier reading: not documented, none assumed), a $1,000 EOD trailing drawdown that stops at $25,100 in both stages, no buffer, 5 sessions of $100+ and $500 new profit per payout, at most 50% of profit per payout, $500 minimum, $1,000 cap, $4,000 lifetime, 4 payouts, 90%. Reset $64.80. Labs payouts pass an automated review (most approved within seconds) and use the standard Phoenix review; Phoenix's 2 to 3 business days plus the processor's time are used. The time from passing to the funded account (automatic review, ID check, signing within 48 hours) is not stated: 3 trading days used.

Rules

Phoenix Labs experiment, one-time: $1,250 target, $1,000 EOD trailing drawdown that stops at $25,100, no daily drawdown, 51% consistency, 2 days. Funded: same drawdown; no buffer, no consistency; each payout needs 5 sessions of $100+ and $500 new profit since the last one, takes at most 50% of profit, $500 minimum, $1,000 maximum; $4,000 lifetime; 90% split; after 4 payouts closed or moved to live case by case.

Watch out

Experimental Labs account: refunded in full if the concept is discontinued. No overnight or weekend positions. The funded account closes after 8 days without a trade. After 4 payouts it is closed or moved to live, case by case.

Labs - Bedrock 25K Static

Evaluation, then Funded · Futures · 1 size

BEDROCK3030% off (auto-applied) (Labs Bedrock $25K Static Drawdown)Official, no end shown
Rules: Official rules

Sizes

Labs - Bedrock 25K Static: sizes and prices
SizePriceEval targetMax drawdownDaily loss limitCushion priceper $1k drawdownSafe daily targetPaid out at most
25K$129 list price $185$2,000$1,250 staticnone$103 per $1k$396no set limit

How fast each size pays

Cash date for each amount withdrawn (before the split), bought and first traded on Fri 6 Nov 2026; trading days and the daily goal as the Finder ranks them by default.

Labs - Bedrock 25K Static: cash date for $500, $1,000 and $2,000
Size$500$1,000$2,000
25Keval $1,000 a dayFri 20 Nov6 days · Funded $3,000 a day2 eval, 3 wait, 1 FundedMon 23 Nov7 days · Funded $3,000 a day until the first payoutthen $500 a day2 eval, 3 wait, 2 Funded2 payoutsMon 30 Nov11 days · Funded $3,000 a day until the first payoutthen $500 a day2 eval, 3 wait, 6 Funded4 payouts
  • within 8 trading days
  • 9 to 15
  • 16 or more
  • out of reach on one account

Rules and payouts

Type
Evaluation, then Funded
Bots
Hand only: HFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
Platforms
NinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Payouts
Any day above a $2,500 locked buffer, then every 2 calendar days; $25 to $500 a payout, $25,000 in total; 100% split.
Evaluation
Evaluation: $2,000 target, at least 2 trading days; $1,250 max loss
Price
One-time; includes any activation fee
Payout goal
First payout: at least $25 a request; Then: every 2 calendar days, $25 profit; $2,500 has to stay
Cap per payout
$500 a payout; $25,000 in all
Smallest request
$25
Payout split
100% on every payout
Has to stay
$2,500
Number of payouts
No set number
Request to cash
3 business days to approve, 2 business days to arrive
Other limits
2 minis / 20 micros
Confidence
Official rules: the firm's own pages
Open points
Now official from the Labs card and help centre (our earlier reading of the rules found payout days, cadence, buffer and consistency not documented): 2 minimum days, no consistency, $2,500 locked buffer, $25 minimum, $500 per payout, every 2 calendar days counted from the last payout with no gate for the first, $25,000 lifetime, 100%. Price $185 with BEDROCK30 auto-applied: $129. Labs payouts pass an automated review (most approved within seconds) and use the standard Phoenix review; Phoenix's 2 to 3 business days plus the processor's time are used. The time from passing to the funded account (automatic review, ID check, signing within 48 hours) is not stated: 3 trading days used.

Rules

Phoenix Labs experiment, one-time: $2,000 target, $1,250 static drawdown, no daily drawdown, no consistency, 2 days, no reset. Funded: $2,500 locked buffer that stays for the account's life; payouts from $25, up to $500 each, every 2 calendar days after the previous one (no gate for the first); $25,000 lifetime; 100% split; no consistency.

Watch out

Experimental Labs account: refunded in full if the concept is discontinued. Static drawdown. No overnight or weekend positions. No resets. A funded account closes after 7 days without a trade.

Merit

Challenge, then Live · Futures · 1 size

Rules: Official rules

Sizes

Merit: sizes and prices
SizePriceEval targetMax drawdownDaily loss limitCushion priceper $1k drawdownSafe daily targetPaid out at most
2K$69not stated$2,000 trailing, locks at the startnone$35 per $1k$633no set limit

How fast each size pays

Cash date for each amount withdrawn (before the split), bought and first traded on Fri 6 Nov 2026; trading days and the daily goal as the Finder ranks them by default.

Merit: cash date for $500, $1,000 and $2,000
Size$500$1,000$2,000
2Keval $1 a dayWed 30 Dec31 days · Live $500 a day20 eval, 10 wait, 1 LiveWed 30 Dec31 days · Live $1,000 a day20 eval, 10 wait, 1 LiveWed 30 Dec31 days · Live $2,001 a day20 eval, 10 wait, 1 Live
  • within 8 trading days
  • 9 to 15
  • 16 or more
  • out of reach on one account

Rules and payouts

Type
Challenge, then Live
Bots
Hand only: HFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
Platforms
NinjaTrader, Tradovate, Rithmic, TradingView, Quantower, ATAS, Volumetrica, DeepCharts, Odin
Payouts
Live after approval: any amount from $1, up to 10 a day, no cap or buffer; 50% until $4,000 is withdrawn, then 80%.
Evaluation
Challenge: $0 target, at least 20 trading days, within 30 days; $2,000 max loss, $500 daily limit (pauses the day)
Price
One-time; includes any activation fee
Payout goal
First payout: at least $1 a request
Cap per payout
no cap
Smallest request
$1
Payout split
50% of the first $4,000, then 80%
Number of payouts
No set number
Request to cash
3 business days to approve, 2 business days to arrive
Other limits
2 minis / 20 micros
Confidence
Official rules: the firm's own pages
Open points
The timing is now published: the decision comes at the end of the 30 calendar days and the live transfer takes 1 to 10 business days (10 used). The approval stays discretionary (profit is not a criterion; most traders are not selected), so the model shows the path of an approved trader. Live payout rules are official ($1 minimum, up to 10 a day, no cap, 50% until $4,000 has been withdrawn, then 80%). The home card says 1 to 30 calendar days and a static live drawdown; the help centre says the review follows the 30 days and the live drawdown trails end of day until it reaches the start: the slower and stricter readings are used. Not modelled: the $135 monthly CME data fee per exchange taken from the live account and the processor fee on payouts under $500 (amount not stated). Processing: 2 to 3 business days plus the processor's time.

Rules

$69 one-time, 30-calendar-day challenge on $2,000: no target, no minimum days, static drawdown of the whole balance, 25% dynamic (soft) daily drawdown; one attempt, no reset. At the end of the 30 days the risk team reviews the trading (profit is not a criterion; most traders are not selected); approved accounts go straight to a $2,000 live EdgeClear account after KYC, in 1 to 10 business days (most within 48 hours). Live: payouts any time from $1, up to 10 a day, no cap, buffer or consistency; split 50% until twice the starting balance has been withdrawn, then 80%; EOD drawdown that stops trailing at the start; CME professional data $135 a month per exchange deducted from the account.

Watch out

Live funding is a discretionary review of 30 days of trading, not a profit target; most traders are not selected. One attempt, no reset. A $135 monthly CME data fee per exchange comes out of the live account. No overnight or weekend positions.

Assumptions

Where a source leaves a rule open, the Finder takes the slower reading. Each program lists what it assumes for every size; a size lists only what it adds. Every payout is requested as early as the rules allow; the request that reaches the amount takes only what it still needs.

Classic

3 assumptions for every size

Every size

  • Minimum payout taken as $75 (one Classic page graphic says $0)
  • Processor time after the 2-3 business days not stated: 2 days assumed
  • Funded account taken as 3 trading days after passing (review up to 72 h)

Daily

5 assumptions for every size

Every size

  • Threshold and maturation approximated: first request on funded day 7
  • Big day taken as any day over 30% of profit (one page adds a dollar minimum)
  • Payout time taken as 3 business days plus 2 (Daily page promises 24 hours)
  • Billing taken as monthly (cards say one-time, billing article every 30 days)
  • Funded account taken as 3 trading days after passing (review up to 72 h)

Spark

3 assumptions for every size

Every size

  • Later payouts taken as 14 calendar days apart (firm: bi-weekly)
  • Processor time after the 2-3 business days not stated: 2 days assumed
  • Funded account taken as 3 days after passing (review up to 72 h; Spark: 'instant')

Labs - Classic Agile

2 assumptions for every size

Every size

  • Payout time taken as Phoenix's 3 business days plus 2 for the processor
  • Funded account after review, ID check and signing: 3 trading days assumed

Labs - Bedrock 25K Static

2 assumptions for every size

Every size

  • Payout time taken as Phoenix's 3 business days plus 2 for the processor
  • Funded account after review, ID check and signing: 3 trading days assumed

Merit

6 assumptions for every size

Every size

  • Live funding is a discretionary review: modelled as approved after 30 days
  • Challenge taken as the full 30 calendar days (home card: 1 to 30)
  • Live drawdown taken as trailing to the start (home card: static)
  • CME data fee of $135 a month per exchange on the live account not modelled
  • Processor fee on payouts under $500 not stated: not modelled
  • Processor time after the 2-3 business days not stated: 2 days assumed

The firm's own rules, in brief

  • Bots. HFT and EA bots that trade without you are banned; copy trading across your own accounts is allowed.
  • Accounts. Challenges unlimited; pre-funded 3 to 5; live (Funded-Tier) 5 (home page table); Daily: up to 3 active accounts and $1,000 a day in payouts across them; Merit: one attempt (official pages).
  • Copy trading. Thor copier included with TFeed; copying in the same direction across your own accounts allowed (thegodfunded).
  • News. Allowed at every stage, including Tier 1 releases (help centre).
  • Overnight and weekend. Not allowed on any account at any stage, including Live Funded (help centre); a breach can mean a refused funded account, a refused payout or a closed account.
  • Open to traders in Hungary: not stated by the firm.
  • Trustpilot: 4.5 of 5, 263 reviews, read 7 Nov 2026.
  • Trust note. No Trustpilot warning; claimed profile since Aug 2023; 6% 1-star.
  • Trust note. 1 Nov 2026 change removed the daily drawdown on Classic, Daily and Spark (a loosening, not a cut); no source says it was applied to existing accounts against traders.
  • Trust note. Terms (via thegodfunded): 'Rule changes are announced 15 days ahead and never apply to accounts already bought'; firm's Trustpilot reply (Oct 2026) says the Phoenix 3.0 changes were not retroactive.
  • Trust note. PropFirmMap safety grade went from A to B+ on 30 Oct 2026 (no reason given; earlier A to B+ on 30 Sep, back to A on 13 Oct); no payout-denial pattern on PropFirmMap.
  • Trust note. Watch: account-rolling / cross-account martingale ban 'since 15 September 2026' - unclear whether applied to existing accounts; Oct 2026 reviews of funded accounts closed after two payouts (firm disputes).

Sources

42 sources, 41 official. Each opens in a new tab.

Pays $1,000 as soon, or sooner

Each firm's soonest $1,000 withdrawn from a size with a published price, within its safe daily target where a size allows it; cash date and daily goal at the Finder's defaults. Phoenix Trader Funding is Mon 23 Nov.