Phoenix Trader Funding prop firm offers diverse funded account types such as Classic, Ascension, and Merit. These accounts include both instant and 1-step challenges and offer funded options ranging from 10k to 150k USD. The firm only offers access to various futures instruments. The profit sharing seems very attractive and is 100:0 of the first $10,000, and 90:10 beyond.
In this Phoenix Trader Funding review, we will assess the firm’s safety, rules, funding options, assets, platforms, support, and more. After reading this review, you will conclude whether Phoenix Trader can be trusted.
Pros & cons of Phoenix Trader Funding prop firm
Pros |
Cons |
| Multiple funding options and challenge types | Strict trading rules, including drawdown and news trading restrictions |
| Generous profit-sharing percentage, up to 90% | Only provides access to futures trading instruments |
| High fees for some funding challenges compared to competitors | |
| Limited educational resources | |
| No live chat or phone support |
Quick rating of Phoenix Trader Funding and its features
| FPA Score | Not rated yet |
| Year founded | 2023 |
| Headquarters | Paris, France |
| Minimum audition fee | 5 USD |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 10,000 USD |
| Maximum funded amount | 150,000 USD |
| Allowed daily loss | None |
| Profit target | 6-8% |
| Maximum trailing drawdown | 3-4% |
| Profit sharing (Payouts) | 90% (100% for the first 10,000 USD) |
| Trading Platforms | More than 20 trading platforms (R| Trader / R | Trader Pro) |
| Available trading markets | FX futures pairs, metals, agricultural futures contracts, bond futures contracts, and energy futures |
Safety of Phoenix Trader Funding – 1.5
There are no Phoenix Trader Funding reviews on the FPA, which is always a bad sign. So, we switched to Trustpilot, where the firm has around 100 reviews and the majority of traders evaluate their services okay. When it comes to experience, the firm was launched in 2023, which makes it very young and inexperienced in the prop trading industry. The firm is partnered with EdgeClear futures broker, which gives some legitimacy.
The firm gets a 1.5 score in this section as it is partnered with a regulated futures broker.
Phoenix Trader Funding Funding and maximum capital allocation – 2.5
Phoenix Trader Funding funded programs are three: Classic, Ascension, and Merit. The Classic Phoenix Trader Funding funding options include 50k, 100k, and 150k USD amounts. The Ascension Phoenix Trader Funding Challenge includes 50k and 150k USD options. The Merit Challenge offers 10k, 50k, and 100k USD options.
Phoenix Trader Funding scaling plan is available for challenges when traders get funded and allows them to grow their funded account size over time.
Overall, the firm gets a 2.5 score in this section.
Phoenix Trader Funding Assets – 1
Phoenix Trader Funding prop trading assets are only futures. There are various underlying markets offered in the form of futures, including equity futures contracts, FX futures pairs, metals, agricultural futures contracts, bond futures contracts, and energy futures contracts. Contract sizes vary for each funding challenge and funded option from 2 to 15 contracts and from 10 to 150 micros.
Overall, the firm receives a 1 score in this section as it only offers 1 asset class.
Phoenix Trader Funding Trading rules and limitations – 1
Phoenix Trader Funding rules are slightly different for each challenge type. The Classic Challenge has the following requirements:
- Profit target – 6%
- Daily loss limit – None
- Maximum drawdown – 3%
- Minimum calendar days – 3 minimum winning days
- Maximum calendar days – None
- Max contracts – 5-15 contracts and 50 to 150 micros
The Ascension funded accounts require the following:
- Profit target – 8%
- Daily loss limit – Varies
- Maximum drawdown – 4%
- Minimum calendar days – None
- Maximum calendar days – None
- Max contracts – 2 to 5
The Merit accounts require traders to follow:
- Profit target – None
- Daily loss limit – None
- Maximum drawdown – 100%
- Minimum calendar days – 1
- Maximum calendar days – 30
- Max contracts – 1 to 3 and 10 to 30 micros
As we can see, the firm has sometimes very strict drawdown limits, which will be difficult to follow. News trading is not allowed, and the firm gets a 1 score in this section.
Phoenix Trader Funding Fees – 3
The pricing is super competitive, starting at 5 USD for the 1k USD challenge. Here are all accounts and their respective fees.
The Classic Challenge has the following fees:
- Funded amount: 50k USD – Monthly fee: 89 USD
- 100k USD – 178 USD per month
- 150k USD – 284 USD per month
The Ascension funded accounts fees:
- Funded amount: 50k USD – Monthly fee: 270 USD
- 150k USD – 540 USD per month
The Merit accounts require fees:
- Funded amount: 10k USD – One-time fee: 5 USD
- 50k USD – 10 USD
- 100k USD – 20 USD
As we can see, some funded challenges are incredibly cheap, while others are very expensive.
Phoenix Trader Funding free trial is not offered, and the Phoenix Trader Funding free repeat requires additional fees, which is not convenient.
Overall, the firm gets a 3 score in this section.
Phoenix Trader Funding Platforms – 3
The firm allows a wide range of platforms. There are more than 20 trading platforms that are designed for futures trading, and many of them offer advanced capabilities. Among the list are R| Trader / R | Trader Pro platforms. Mobile trading is available, and the firm gets a 3 score in this section.
Phoenix Trader Funding Profit-Sharing – 3
The Merit Phoenix Trader Funding profit split is 80% for challenges and allows traders to withdraw a significant portion of profits. Other funded accounts allow 100% profit sharing for the first 10,000 USD withdrawals, and it becomes 90% after that.
Overall, the firm gets a 3 score in this section.
Education and trading tools at Phoenix Trader Funding – 0
The firm does not provide any educational resources, except guides to its own platforms and how to connect. There are no webinars, trading courses, or video guides, which is disadvantageous.
Overall, the firm gets a 0 score in this section.
Customer Support at Phoenix Trader Funding – 2.4
When it comes to customer support, the firm only offers email and Discord channels. There is no live chat, which is a serious disadvantage, and the firm does not offer phone support either. The website is very well-ordered and developed, but it lacks multilingual capabilities, and the same is true for support options. The firm gets a 2.4 score in this section.
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