Skip to content
FuturesVerified

Phoenix Trader Funding Review

Futures firm with four lines: Classic, Daily, Spark and a no-evaluation Merit review.

3.7/5 our ratingReviewed by PickMyFirmUpdated Oct 28, 2026
Saving not confirmedDetails

Updated Oct 27, 2026 · No published end date

About Phoenix Trader Funding

Phoenix Trader Funding is a futures prop firm. It sells 3 programs — Classic, Daily and Spark — with accounts from $10K to $100K and prices from $44. You trade on Own platform, Quantower, NinjaTrader, Tradovate, TradingView, Sierra Chart and Rithmic. Funded traders keep up to 90% of profits, paid daily by Wise, PayPal and Payoneer.

Our verdict

“Suits intraday traders who want a choice between weekly, daily or review-based funding and can stay flat every day; less suited to swing traders or anyone wanting crypto payouts.”

At a glance

Cheapest plan
$44
Coupon code
SCOUT
Max split
90%
Account sizes
$10K–$100K
Evaluation
1-step
Drawdown
EOD
Payouts
Daily
Platforms
7

Platforms: Own platform, Quantower, NinjaTrader, Tradovate, TradingView, Sierra Chart, Rithmic. Markets: Equity index, Currencies, Metals, Ags, Energy, Interest rates.

What we like

  • Four separate lines (monthly, daily-pay, one-time, review-based) with rules in a public help center
  • News trading, scalping with no minimum hold time, and copy trading across your own accounts are allowed
  • Classic and Daily have no activation fee and no daily drawdown
  • No time limit to finish a Classic, Daily or Merit challenge (Spark closes after 90 days with no trade)

Watch out for

  • No overnight or over-week positions on any account, and bots or EAs are banned
  • Purchases are final and non-refundable, and residents of 34 listed countries cannot buy
  • Payouts go through Payoneer, Wise or PayPal only; no crypto payouts

Flags we checked

  • Help centre publishes a full prohibited-practices list and restricted-country list
  • Payout caps, buffers and live-funding thresholds are published per size
  • Several rules changed recently (account rolling and cross-account martingale ban applies from 15 Sep 2026)
  • Founding year and company location not stated in the pages read

Who can join and how to pay

Restricted countries

Residents of these countries can't sign up:

Afghanistan, Armenia, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cuba, Côte d’Ivoire, Egypt, Eritrea, Ethiopia, Georgia, Guinea, Haiti, Iran, Iraq, Kosovo, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, Ukraine, Venezuela, Yemen, Zimbabwe

Compare all firms by country →

Ways to pay

  • Crypto

Ways to get paid

  • Wise
  • PayPal
  • Payoneer

Phoenix Trader Funding reputation

Trustpilot

4.5 / 5 · 260 reviews

  • 5★83%
  • 4★9%
  • 3★2%
  • 2★0.5%
  • 1★6%
Read the reviews

Checked Oct 28, 2026

Reported payout problems

None found in the last 12 months in regulator notices, news, the firm's own announcements or recent Trustpilot reviews.

Phoenix Trader Funding FAQ

Is Phoenix Trader Funding legit?+

Phoenix Trader Funding doesn't publish a founding year. Its rules, prices and payout terms are published on its own website, which we checked on Oct 28, 2026. On Trustpilot it scores 4.5 from 260 reviews (checked Oct 28, 2026). We found no reported payout denials in the last 12 months in regulator notices, news or the firm's own announcements. Things to watch: Several rules changed recently (account rolling and cross-account martingale ban applies from 15 Sep 2026); Founding year and company location not stated in the pages read. No one can guarantee future payouts, so start with a smaller account and read the full terms before you buy.

How much does a Phoenix Trader Funding challenge cost?+

Plans start at $44 for a $10K account (Spark). The largest account, $100K, costs $269 a month. Use code SCOUT at checkout.

What is Phoenix Trader Funding's profit split?+

Up to 90% on Classic and Spark. Some firms reach the top split only after several payouts or with a paid add-on, so check the plan's terms.

How often does Phoenix Trader Funding pay out?+

Payouts are daily. The first payout can be requested after 5 days. Methods: Wise, PayPal and Payoneer. The minimum withdrawal is $75.

Which countries can't join Phoenix Trader Funding?+

Phoenix Trader Funding doesn't accept residents of Afghanistan, Armenia, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cuba, Côte d’Ivoire, Egypt, Eritrea, Ethiopia, Georgia, Guinea, Haiti, Iran, Iraq, Kosovo, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, Ukraine, Venezuela, Yemen and Zimbabwe. Lists change, so confirm in its terms before you buy.

Which platforms does Phoenix Trader Funding use?+

Phoenix Trader Funding offers Own platform, Quantower, NinjaTrader, Tradovate, TradingView, Sierra Chart and Rithmic.

Does Phoenix Trader Funding allow news trading and EAs?+

News trading is allowed, EAs and bots are not allowed, and holding over the weekend is not allowed. Rules can differ by plan, so read the plan's terms.

Is there a Phoenix Trader Funding coupon code?+

Try SCOUT at Phoenix Trader Funding's checkout. We haven't confirmed the saving yet; the checkout shows whether it applies and your final price before you pay.

Compare with similar firms

  1. TradeDayVerified

    Chicago futures firm since 2020: monthly Quick Pay and Fast Pass evaluations.

    Rating
    4.0/5
    From
    $100
    Split
    90%
  2. TradeifyVerified

    One-time-fee futures evaluations (Growth, Select) plus instant-funded Lightning accounts.

    Rating
    3.8/5
    From
    $99
    Split
    90%
  3. One-time-fee futures firm with Pro, Flex, Daily and Direct plans and 90% split.

    Rating
    4.1/5
    From
    $65
    Split
    90%