Phoenix Trader Funding Review
Futures firm with four lines: Classic, Daily, Spark and a no-evaluation Merit review.
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
Challenges
Full price table →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
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.
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