Phoenix Trader Funding vs TradeDay: which prop firm is better?
Phoenix Trader Funding
Wins on 2 of 18 points
TradeDay
Wins on 5 of 18 points
Choose Phoenix Trader Funding if you care most about…
- a cheaper entry price
- trading the news
Choose TradeDay if you care most about…
- a higher overall rating
- a better Trustpilot score
- more platform choices
- larger account sizes
- a faster first payout
Overview
Our rating
3.7
4.0
Trustpilot
4.5 (260 reviews)
4.6 (1,454 reviews)
Founded
—
2020
Platforms
Own platform, Quantower, NinjaTrader, Tradovate, TradingView, Sierra Chart, Rithmic
Tradovate, NinjaTrader, TradingView, Jigsaw, Rithmic, Quantower, Sierra Chart, WealthCharts, Bookmap
Cost & challenge
Cheapest plan
$44 · $10K Spark
$100 · $25K Quick Pay (Intraday drawdown)
Account sizes
$10K – $100K
$25K – $150K
Evaluation types
1-step
1-step
Drawdown
Trailing (end of day)
Trailing (intraday), Trailing (end of day)
Payouts
Max profit split
90%
90%
Payout frequency
Daily
On demand
First payout after
5 days
1 days
Typical processing
—
24h
Payout methods
Wise, PayPal, Payoneer
Rise, Bank transfer, Crypto
Trading rules
News trading
Allowed
Not allowed
Weekend holding
Not allowed
Not allowed
EAs / bots
Not allowed
Not stated
Copy trading
Allowed
Not stated
Consistency rule
Classic and Daily: best day at most 50% of profit in the challenge, none once funded. Spark: none in the challenge, 30% once funded.
Evaluation: Quick Pay 30%, Fast Pass 45% best-day limit. Fast Pass funded also 45%.