Futures firms comparator

Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, United Arab Emirates

Paris

United Arab Emirates

France

2025

2023

Léon Grimm

Rise: $35

Merit Live: Phoenix covers the processor fee on withdrawals above $500.

Standard programs use simulated accounts.

Top performers may be selected for a tailored Live Analyst plan.

Live Funded account at EdgeClear on Rithmic. Classic and Spark: after 4 payouts. Daily: once $1,200/$3,000/$6,000 has been paid (Seed/Starter/Growth). Merit: straight to Live on approval. Risk review required; if not passed, the pre-funded payout limit may be extended instead. Live amount: Classic $1,250/$2,000/$3,500; Spark $400/$1,000; Daily $500/$1,250/$2,000; Merit $2,000. Static drawdown, daily limit agreed with the trader, and every rule waived except overnight and over-week positions. Other funded accounts go dormant on transfer.

• 25k account: $1,100
• 50k account: $2,000
• 100k account: $3,000

Per payout: Classic $600/$1,000/$2,000 (Starter/Growth/Scale); Spark $300/$400 (Seed/Starter). Daily: $200/$500/$1,000 per trading day (Seed/Starter/Growth), with $1,000 per day per trader across all Daily accounts. Merit Live: no maximum. PayPal: $2,000 per month.

• Beginner and HYPER: $250
• Instant Pro Plus and Instant Flex: 1% of the starting balance
• Instant Pro Plus Max: $500 / $750 / $1,000 for 25K / 50K / 100K

Classic and Daily: $75. Spark: $30 (Seed) or $75 (Starter). Merit Live: $1.

Classic: weekly, first payout after 5 trading days and then every 5. Spark: bi-weekly, first payout after 5 trading days. Daily: any trading day once profit matures (3 trading days; 5 for a day above 30% of total profit and above the tier's daily cap). Merit Live: any time, up to 10 per day. Processing: 2 to 3 business days.

After passing: review of up to 72 hours, then KYC and Pre-Funded contract within 48 hours. The trailing drawdown locks at the starting balance on the first payout. Every denied payout comes with a written reason from the risk team. No crypto payouts.

Round-trip commissions vary by instrument.

The official instrument table publishes the exact round-trip cost for each contract.

Per contract and side on TFeed; dxFeed is double. ES, NQ, RTY and YM $1.09; MES, MNQ, M2K and MYM $0.35; CL $1.15; MCL $0.43; GC $1.20; MGC $0.43; NG $1.20; 6E $1.20; ZN $0.80; ZB $0.83; BTC $3.38; MBT $1.38. Same rates on every line, in evaluation and funded.

Booster Tokens can erase eligible losses and restore account progress.

Performance Review (+20% on the price): 20 to 30 page report on the trader's own trades. Free ATAS licence with dxFeed.

Scaling is available on selected programs and account sizes.

The exact contract limits are shown in each challenge.

Scaling beyond the Classic plan on request, after a full review of the trades.

• Beginner and Beginner Max: trailing End-of-Day drawdown
• HYPER Intra: intraday trailing drawdown
• HYPER Lite and HYPER Pro: trailing End-of-Day drawdown
• Instant Pro Plus and Instant Pro Plus Max: trailing End-of-Day drawdown
• Instant Flex: 4% intraday trailing drawdown; it moves to break-even after the first payout

Classic and Daily: end-of-day trailing in evaluation and funded. Spark: end-of-day trailing in evaluation and real-time trailing once funded. The trailing drawdown locks at the starting balance. Merit: static, the whole $2,000 balance. Live: static.

• Beginner, HYPER and Instant Pro Plus: 90%
• Instant Pro Plus Max: 70%

Classic and Spark: 90%. Daily: 80%. Merit: 50% until the trader has withdrawn twice the starting balance, then 80%.

• Beginner: soft daily loss pause
• Beginner Max: hard daily loss breach
• HYPER Intra, Lite and Pro: no daily loss limit during evaluation or simulated funded phase
• Instant Pro Plus: soft daily loss pause
• Instant Pro Plus Max: hard daily loss breach
• Instant Flex: no daily loss limit

Classic, Daily and Spark: none. Merit: 25% dynamic (soft breach). Live: agreed with each trader based on their results.

Beginner Max requires clearing a buffer before the first payout. The standard Beginner account has no buffer requirement.

Classic and Daily: a locked buffer equal to the maximum drawdown stays in the account and is not withdrawable. Spark and Merit: none.

• Beginner Max: up to 10 accounts
• Instant Pro Plus Max: up to 10 accounts
• Standard programs, HYPER and Instant Flex: up to 3 accounts

Unlimited challenges. Pre-funded: 5 on TFeed (up to 3 Spark, 3 Daily, 3 Classic Growth or Scale and 5 Classic Starter) and 3 on dxFeed. Live: up to 5, at Phoenix's discretion. Merit: one attempt; another requires buying a Classic or Daily account first.

• Beginner Max: 30 days to pass the evaluation
• Beginner and HYPER: no evaluation time limit

No deadline. Spark closes after 90 days without a trade. Merit: 30 calendar days.

Beginner and HYPER have no additional minimum trading days.

The profit targets and applicable consistency requirements must still be met.

Classic and Daily: 2. Spark: 1. Merit: none; the challenge lasts 30 calendar days.

No activation fee.

No monthly fee on funded accounts. Activation: $29 one-time on Spark; $0 on Classic, Daily and Merit. Live: CME professional data at $135/month per exchange, deducted from the account.

HTP is Hyperticks' internal loyalty coin for community rewards, services and discounts.

Phoenix Extra: PHX earned for ideas and ambassador work, usable on accounts, resets and activation fees. Not convertible to cash.

The number of qualifying days depends on the program and payout.

• Beginner: 5 winning days
• HYPER: 5 winning days
• Instant Pro Plus and Instant Pro Plus Max: 10 / 8 / 6 / 5 qualifying days from the first through fourth payout
• Instant Flex: 6 qualifying days

The required daily profit varies by program and account size.

Classic: 5 days between payouts with at least $100/$200/$300 profit (Starter/Growth/Scale). Spark: 5 days with at least $40 (Seed) or $100 (Starter). Daily and Merit: none.

• Beginner evaluation: contracts scale at 1:10.
• Beginner simulated funded: contracts scale at 1:5.
• HYPER: reduced contract limits apply in the funded phase.

Exact limits vary by program and account size.

Classic: the contract limit rises with profit at $1,000, $2,000 and $4,000 up to the account maximum, in evaluation and funded, and drops if profit falls back. Spark, Daily and Merit: full size from day one. Live: one extra mini per $2,000 of profit.

One-time purchase.

• No monthly subscription
• No activation fee on the current catalog

Classic: monthly subscription every 30 days, cancelled automatically on passing; dxFeed adds $20/month. Daily, Spark and Merit: one-time payment. No refunds.

Classic, Daily and Spark: unlimited, by paying the fee or with reset coupons (one per month the challenge stays alive; they stack and never expire). Classic: a failed account is reset free at renewal. Merit: no reset.

The trader must remain actively involved. The following are prohibited:

• Fully automated bots
• External execution APIs
• External signal mirroring

HFT and bots that trade without the trader are prohibited. Tools that assist the trader (hotkeys, DOM, alerts) are allowed.

Opposite positions on the same asset across accounts, own or someone else's.

Hyperticks considers repeated trades that are normally held for under 15 seconds and target fewer than 5 ticks to be prohibited microscalping.

No minimum trade duration.

Scaling into positions is allowed within the program's contract limit. Splitting exposure across multiple instruments to bypass the applicable contract limit is prohibited.

Rotating through accounts, each risked in full on the same bet until one hits, is prohibited. Holding several accounts is allowed.

• Risk above 2% on a single trade idea is prohibited.
• The contract limits of each account and program also apply.

Same direction across the trader's own accounts. Thor is included with TFeed.

• No new trades from 5 minutes before until 5 minutes after a Tier 1 release.
• Existing positions may remain open.
• Stop-loss and take-profit levels cannot be modified during that window.

Including Tier 1 releases, at every stage.

• Beginner and Beginner Max evaluation: 35%
• Beginner and Beginner Max simulated funded: 40%
• HYPER Intra, Lite and Pro: no consistency rule
• Instant Pro Plus and Instant Pro Plus Max: no consistency rule
• Instant Flex: no consistency rule

Classic and Daily evaluations: best day up to 50% of total profit; exceeding it only delays passing. Spark funded: 30%. No rule on Classic and Daily funded, Spark evaluation or Merit.

• Repeated microscalping
• Fully automated trading
• External signal mirroring
• Price-feed, latency or fill exploitation
• Simultaneous orders intended to manipulate queue priority
• Hedging correlated instruments
• Gambling or random trading
• Risking more than 2% on one trade idea
• Bypassing contract limits across instruments

Hedging between accounts, account rolling, martingale or loss recovery across accounts (also at other firms) and HFT or bots. On funded accounts: flipping and one-tick trading on bonds. Stop trading a contract within 2% of its CME daily price limit.

Positions must be closed before the session ends, at every stage including Live. Breach: funded account denied, or payout denied and account closed.

VPN, VPS and proxy allowed; sessions are monitored and identity documents may be requested.

Allowed within a single account, also DCA. Prohibited across accounts.

Pre-funded: one trade every 7 calendar days, otherwise the account closes without a payout. Live: 30 days, not applied mechanically. Challenges: none, except Spark (90 days).