Phoenix Trader Funding
FR4.5/5260 reviews on TrustpilotA futures firm with its own platform (Odin), copier and journal. Classic evaluations are monthly with an end-of-day drawdown, no daily loss limit and no activation fee; Daily accounts pay out every day.
- Profit split
- Not verified
- 50K from
- $128/mo
- Payouts
- Weekly (Classic) or daily (Daily)
- Max funded accounts
- Not verified
- Founded
- Not verified
- Headquarters
- Not verified
Phoenix in short
The upside
- No activation fee after you pass
- Daily or on-demand payouts on some plans
- End-of-day drawdown available
- News trading allowed
- Copy trading between your own accounts
The downside
- Monthly subscription until you pass
Plans and prices
Prices are the list price of a 50K account before any discount code.
- Price
- $128/mo
- Activation fee
- None
- Profit target
- $3,000
- Drawdown
- End of day
- Daily loss limit
- None
- Consistency (evaluation)
- 50%
- Consistency (funded)
- None
- Payouts
- Weekly, after 5 winning days
- Profit split
- —
- Price
- —
- Activation fee
- None
- Profit target
- $3,000
- Drawdown
- End of day
- Daily loss limit
- None
- Consistency (evaluation)
- 50%
- Consistency (funded)
- —
- Payouts
- Daily
- Profit split
- —
Taken from the firm's site and dated. Confirm the final price at checkout.
Rules by account size
The standard numbers for each size. Everything stays editable in Propbook if your plan differs.
| Account | Max loss | Daily loss | Profit target | Type | Consistency | Min days |
|---|---|---|---|---|---|---|
| Phoenix 25K | $1,500 | — | $1,500 | End of day | 50% | 2 |
| Phoenix 50K | $2,000 | — | $3,000 | End of day | 50% | 2 |
| Phoenix 100K | $3,000 | — | $6,000 | End of day | 50% | 2 |
Source: the firm's rules, checked October 27, 2026
What's allowed
Can you copy trades on Phoenix accounts?
Allowed
Phoenix offers its own server-based copier (Thor) with its challenges, for copying between your own accounts.
Read the ruleRecent changes
No change logged since October 26, 2026.
Getting paid
Payout methods
Ways to pay
Platforms
How to pass Phoenix
A plan built on Phoenix's own rules. The numbers below use the Phoenix 50K account.
- 1
Know the line you can't cross
Phoenix trails your drawdown at the end of the day, from your highest closing balance. Intraday swings don't move the line, but a red close does. On the Phoenix 50K account you have $2,000 of room before a breach.
- 2
Size every trade from the room, not the account
Risk a slice of your drawdown, not of the account size. With $2,000 of room, risking $200 per trade gives you about 10 losing trades in a row before a breach.
- 3
Respect the daily loss
There is no daily loss limit on this account, which makes it easier to lose a week of progress in one session. Set your own stop at a quarter of your room: $500.
- 4
Aim for the target slowly
The target is $3,000. At $600 a day you get there in about 5 winning days, with no single day doing all the work. Phoenix applies a 50% consistency rule: no single day may be more than 50% of your total profit. Spread the gains.
- 5
Learn one model, and journal it
Pick one setup from the ICT path, trade only that, and log every trade. Propbook tracks Phoenix's rules on each one.
Lessons for this firm
What traders say about Phoenix
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FAQ
How much does Phoenix cost?
The cheapest 50K account starts at $128/mo (Classic), before any discount code. Prices change often: check the firm's checkout.
What kind of drawdown does Phoenix use?
Phoenix uses end of day drawdown depending on the plan. The guide on this page shows what that means for your account size.
Can you copy trades between Phoenix accounts?
Yes: Phoenix allows copying between accounts you own. Check the linked rule before you start.
Which platforms does Phoenix support?
Phoenix works with Odin, Tradovate, Rithmic, NinjaTrader, TradingView.
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