Phoenix Trader Funding Trading Rules Explained
Futures firm with four lines: Classic, Daily, Spark and a no-evaluation Merit review.
Phoenix Trader Funding rules: what you can and can't do
News trading: Allowed
You can open and close trades around high-impact news releases.
Holding overnight: Not allowed
Close every position before the end of each trading day.
Holding over the weekend: Not allowed
Close every position before the market closes on Friday.
EAs, bots & algorithms: Not allowed
Trade manually. Automated strategies are not allowed.
Copy trading: Allowed
You may copy your own trades between accounts at this firm.
Hedging: Not allowed
Hedging (opposite positions) is not allowed.
Loss limits by plan
Classic
- Daily
- None
- Max
- 4%
- Min days
- 2
Trailing (end of day). Your loss limit follows your highest end-of-day balance. Swings during the day don't move it.
Daily
- Daily
- None
- Max
- 4%
- Min days
- 2
Trailing (end of day). Your loss limit follows your highest end-of-day balance. Swings during the day don't move it.
Spark
- Daily
- None
- Max
- 4%
- Min days
- 1
Trailing (end of day). Your loss limit follows your highest end-of-day balance. Swings during the day don't move it.
Fine print
- 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. How consistency rules work →
- Scaling plan: Classic: contract limit rises with profit (for example 50K Growth 1 to 3 minis at $2,000-$4,000 profit); Daily and Spark: none