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Phoenix 
Trader Funding Review
7.1 out of 10
The short answer
Read the full review below.
4 plans, from $69
Classic and Daily prices shown are the discounted monthly figures on the Phoenix pricing page as of August 2026. Spark and Merit are one-time purchases with no subscription.
Phoenix Trader Funding Prop Firm in numbers
- Starting Price
- $44
- Profit Split
- 90% / 80%
- Account Families
- 4
- Trustpilot
- 4.6 / 5
- Live Broker
- EdgeClear
- Founded
- 2024
Spark, one-time
Classic & Spark vs Daily
Classic, Spark, Merit, Daily
242 reviews
Named across all families
Based in Europe
6 pros, 6 cons
Pros
- Phoenix confirms a 90% profit split on Classic and Spark accounts directly in its help center, among the highest flat splits PropFirmReviews has verified in this category.
- Phoenix names EdgeClear, a real futures broker, as its live funding counterparty across every account family, a stronger transparency signal than most competitors in this space offer.
- Phoenix builds its own ecosystem in house: Odin (trading platform), Thor (trade copier), Saga (trading journal), and Phoenix Academy (courses), all included with a challenge purchase.
- Phoenix holds a 4.6 out of 5 Trustpilot rating from 242 reviews and states it replies to every negative review it receives.
- Phoenix Spark starts at $44 paid once with no subscription, one of the cheapest funded-account entry points PropFirmReviews has reviewed.
- Phoenix Classic sets no daily loss limit and no minimum trade duration, giving scalpers and swing traders room that many end-of-day-drawdown competitors restrict.
Cons
- Phoenix does not publish its profit split on the pricing page or account cards for any of its four account families. PropFirmReviews found each split only inside a deep-linked help center article or a collapsed FAQ accordion.
- Phoenix pays a different split per account family: 90% flat on Classic and Spark, 80% on Daily, and an adaptive 50% then 80% on Merit once Phoenix recovers its funded capital.
- Phoenix Merit sets no profit target and funds traders at the discretion of a risk team and an AI review, so a trader can finish the 30 day window profitably and still be denied funding.
- Phoenix Merit allows exactly one attempt for the life of the account, with no reset offered at any price.
- Phoenix caps Classic payouts at $600, $1,000, or $2,000 per request depending on account size, a tight ceiling against the profit targets those same accounts require to reach.
- Phoenix Spark switches from an end-of-day drawdown during the evaluation to a real-time drawdown once funded, a stricter risk model than Classic runs at every stage.
More on Phoenix Trader Funding Prop Firm
How Phoenix Trader Funding Scores
Classic, All Sizes
| Account Name | Starter · Growth · Scale |
| Starting Capital | $25,000 · $50,000 · $100,000 |
| Price (monthly, discounted) | $62.30 · $89.60 · $188.30 |
| Profit Target | $1,500 · $3,000 · $6,000 |
| Trailing Drawdown (EOD) | $1,500 · $2,000 · $3,000 |
| Daily Drawdown | None, all sizes |
| Consistency Rule (evaluation) | 50%, all sizes |
| Consistency Rule (funded) | None, all sizes |
| Min. Trading Days | 2, all sizes |
| Payout Frequency | Weekly, 5 winning days between payouts, all sizes |
| Max Payout per Request | $600 · $1,000 · $2,000 |
| Profit Split | 90%, all sizes |
| Live Funding After | 4 payouts, all sizes |
Spark, All Sizes
| Account Name | Seed · Starter |
| Starting Capital | $10,000 · $25,000 |
| Price (one-time) | $44 · $74 |
| Activation Fee | $29, both sizes |
| Profit Goal | $600 · $1,500 |
| Drawdown Type, Evaluation | End-of-day, both sizes |
| Drawdown Type, Funded | Real-time, both sizes |
| Min. Days to Pass | 1, both sizes |
| Consistency Rule (evaluation) | None, both sizes |
| Consistency Rule (funded) | 30%, both sizes |
| Payout Frequency | Bi-weekly, from $30, both sizes |
| Profit Split | 90%, both sizes |
| Live Funding After | 4 payouts, both sizes |
Merit, Specs
| Price | $69, one-time, no activation fee |
| Evaluation Window | 30 calendar days |
| Profit Target | None. Funding is judged, not a fixed target |
| Drawdown | Static, does not trail |
| Funding Decision | A risk team and an AI review consistency, win/loss ratio, and expectancy at the end of the 30 days |
| Funding Guarantee | None. Approval is discretionary regardless of profit generated |
| Resets | None. One attempt for the life of the account |
| Path to Capital | Straight to a live EdgeClear account if approved, no sim funded stage |
| Profit Split | 50% to the trader until Phoenix recovers its funded capital, then 80% for the life of the account |
| Minimum Withdrawal | $1, no maximum, once live |
Daily, All Sizes
| Account Name | Seed · Starter · Growth |
| Starting Capital | $10,000 · $25,000 · $50,000 |
| Price (monthly) | $99 · $199 · $329 |
| Profit Target (evaluation) | $600 · $1,500 · $3,000 |
| Trailing Drawdown (EOD, evaluation) | $600 · $1,500 · $2,000 |
| Consistency Rule (evaluation) | 50%, all sizes |
| Profit Maturation | Each green day becomes withdrawable 3 trading days later, all sizes |
| Max Payout per Day | $200 · $500 · $1,000 |
| Split Once Funded | 80% to the trader, all sizes |
| Graduate to Live After Withdrawing | $1,200 · $3,000 · $6,000 lifetime |
| Live Funding Amount | $500 · $1,250 · roughly $2,000 |
Profit Split & Live Funding, All Families
| Classic Profit Split | 90%, confirmed in the Phoenix help center payout rules article |
| Spark Profit Split | 90%, confirmed on the Spark account page |
| Daily Profit Split | 80%, confirmed on the Daily account page |
| Merit Profit Split | 50% until Phoenix recovers funded capital, then 80%, confirmed in a Merit page FAQ item |
| Live Funding Broker | EdgeClear, named across Classic, Spark, and Merit |
| Live Funding Trigger | 4 payouts (Classic, Spark) or a lifetime withdrawal total (Daily) or a passed 30-day review (Merit) |
| Live Drawdown Type | Static, all four families |
Platform & Company
| Platform | Odin, proprietary, plus TFeed connecting to Tradovate, Rithmic, NinjaTrader, dxFeed, and TradingView |
| Trade Copier | Thor, server-based |
| Trading Journal | Saga, included with every challenge |
| Founded | 2024, based in Europe |
| Founder | Leon Grimm, CEO |
| Trustpilot | 4.6 out of 5 from 242 reviews |
| Community | 8,000+ member Discord |
The Verdict on Phoenix Trader Funding
Phoenix Trader Funding is a futures prop firm based in Europe, founded in 2024 by Leon Grimm. Phoenix runs four account families, Classic, Spark, Merit, and Daily, all connected to Odin, its own trading platform, alongside TFeed for Tradovate, Rithmic, and NinjaTrader connectivity. Phoenix prices Classic from $62.30 to $188.30 per month after a 30% August discount, Spark from $44 one time, Merit at $69 one time, and Daily from $99 to $329 per month.
Phoenix confirms a 90% profit split for Classic and Spark accounts directly in its help center, though neither figure appears on the pricing page itself. Daily accounts pay 80% once a green day matures into the Payout Balance. Merit accounts run an adaptive split, 50% to the trader until Phoenix recovers the capital it funds the account with, then 80% for the life of the account, a detail PropFirmReviews found inside a collapsed FAQ item on the Merit page rather than on the pricing card.
Phoenix names EdgeClear as its live funding broker across every account family, moving Classic and Spark traders to live capital after four payouts and Daily traders after they withdraw a set lifetime total from their sim funded balance. Phoenix Merit skips the simulated funded stage entirely: a trader who clears the 30 day evaluation goes straight to a live EdgeClear account if approved. Naming a real broker for live funding is a stronger signal than most prop firms in this category disclose.
Phoenix Merit is the least conventional of the four accounts. Merit sets no profit target, and Phoenix states plainly that a trader who generates $30,000 can be denied funding while a trader who generates $500 gets approved, based on a risk team and AI review of consistency and risk management over 30 days. Phoenix allows exactly one Merit attempt for the life of the account, with no reset at any price, so a trader considering Merit should treat the $69 entry fee as a single non-refundable evaluation rather than a purchase with a safety net.
Phoenix scores 7.3 out of 10 on our six dimension model. Support and platform depth carry the score: Odin, Thor, and Saga genuinely extend past what most futures prop firms build in house, and Phoenix answers every negative Trustpilot review it receives. Transparency holds Phoenix back, since profit split, the figure that determines what a funded trader actually keeps, sits outside the pricing pages on all four account types. Read the linked payout rules article for each account family before paying for a challenge, and compare Phoenix directly against OneUp Trader, which states its split on the same page as its pricing.
Questions Traders Ask About Phoenix Trader Funding
Is Phoenix Trader Funding legit?
Phoenix Trader Funding is a real futures prop firm based in Europe, operating since 2024. Phoenix names EdgeClear, a real futures broker, as its live funding counterparty, and holds a 4.6 out of 5 Trustpilot rating from 242 reviews. These are independently checkable signals rather than Phoenix own marketing claims.
What is the Phoenix Trader Funding profit split?
Phoenix pays a 90% profit split on Classic and Spark accounts, confirmed directly in the Phoenix help center. Daily accounts pay 80% once a green day matures into the withdrawable Payout Balance. Merit accounts run an adaptive split, 50% to the trader until Phoenix recovers its funded capital, then 80% for the life of the account. None of these figures appear on the Phoenix pricing page itself.
What is the difference between Classic, Spark, Merit, and Daily at Phoenix?
Classic is the core account, an end-of-day drawdown challenge with no consistency rule once funded and weekly payouts. Spark is the cheapest entry, a one-time purchase with a one day evaluation and a stricter real-time drawdown once funded. Merit has no profit target and funds traders at the discretion of a risk team and AI review after a 30 day evaluation, with one attempt only. Daily runs the same challenge as Classic, then pays out each profitable day three trading days after it closes.
Can I be denied funding on a Phoenix Merit account even if I am profitable?
Yes. Phoenix states plainly that Merit funding decisions are based on trading quality rather than total profit, and that a highly profitable trader can be denied while a less profitable, more consistent trader is approved. Merit allows only one attempt for the life of the account, with no reset offered.
How does Phoenix Daily pay out profits?
Each profitable trading day on a Phoenix Daily account matures into a withdrawable Payout Balance three trading days after it closes. A losing day reduces the newest maturing profit first, and an unusually large winning day takes five trading days to mature instead of three. Phoenix pays out this balance at an 80% split, with a minimum request of $75.
How much can I withdraw per payout on Phoenix Classic?
Phoenix caps Classic payouts at $600 on the $25,000 account, $1,000 on the $50,000 account, and $2,000 on the $100,000 account, per payout request. Phoenix Classic pays weekly, with a minimum of five winning days between each payout.
Ready to trade with Phoenix?
Pick Classic, Spark, Merit, or Daily based on how you want to reach live funding.
Review date:
Best for
Futures traders who want a named live counterparty (EdgeClear), a 90% flat split on Classic and Spark, and an in-house platform, copier, and journal stack.
Avoid if
You want the split on the price tag (it is only in the help center and differs per family), or you dislike discretion: Merit funds at a risk team's judgment and allows exactly one lifetime attempt.
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