Futures firms comparator

Gros Islet, Saint Lucia

Paris

Christoph Radecker

Léon Grimm

Saint Lucia

France

2023

Elite trades real capital by risk-team invitation; standard Funded accounts use simulated capital.

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.

Core and Instant: every 10 active sessions. Rapid Daily: after one session; Rapid Futures 3D: every 3 sessions. Rapid closes after the fifth payout.

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.

The website advertises processing within 48 hours or a 100% split on that payout. Bank transfer or USDC ERC-20 according to the help center.

Up to 50% of profits per request, before the split. Core/Instant 50K: $1,500/$2,000/$2,500 for payouts 1-2/3-4/5+; 100K: $2,000/$2,500/$3,000. Rapid Daily 50K: $1,000 for the first two, then $1,500; 100K: $1,500/$2,000. Rapid 3D 50K: $2,000; 100K: $2,000 for the first two, then $3,000. After the first payout, new profits of at least 50% of the next requested amount are required.

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.

No published minimum.

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

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

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.

Per contract per side: dxFeed $0.75 micro / $2 mini; Tradovate $0.80 / $2.88. CME L1 included; other exchanges and L2 cost extra. Tradovate is limited to DLL accounts; evaluations cannot migrate.

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.

Evaluation resets and up to two funded or Instant resets. Help articles exclude promotional accounts from resets, although the Welcome Futures checkout displays a reset price. Confirm before purchasing a Welcome reset.

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.

Discretionary invitation to Elite with real capital and individual limits. The website also advertises a waiting list; automatic scaling is not guaranteed.

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

EOD trailing: the threshold follows the highest closing value and never decreases. It locks at the initial balance when reached or after the first payout. Subsequent loss room consists of the profits left in the account.

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.

Core DLL and funded Rapid Daily: the checkout specifies one soft closure and account termination on the second breach. Older Core DLL articles still describe an immediate hard breach.

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

Core and Instant: up to 10 funded accounts. Rapid: up to 5. One Welcome account per user. Unlimited evaluations; passed accounts can wait for an activation slot. Futures limits are separate from CFD/crypto limits.

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.

New purchases: 90-day evaluation; Instant accounts have no expiry. No monthly renewal fees for purchases from 22 October 2026 at 18:00. Older accounts retain their renewal terms.

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

Core: no minimum evaluation days. Rapid: the help center specifies 3 evaluation days and consistency.

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

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

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

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

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.

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

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.

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.

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

Only self-developed or transparent systems with full source access and control over their logic. No commercial black-box bots, HFT or arbitrage.

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

Allowed for security or connectivity, never to conceal identity or bypass restrictions.

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

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

No HFT or tick scalping. Payouts require the 15-second rule: at least half of trades and profits must come from trades exceeding that threshold, as described in payout help.

No minimum trade duration.

Position Loss plans aggregate all trades in the same market, including fees, spread and slippage. Limit: 1% in evaluation and 0.5% funded/Instant. Two soft closures; the third breach ends the account. Rapid Futures does not use this limit.

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

Including Tier 1 releases, at every stage.

Closure after 8 calendar days without trading. Opening or closing a trade resets the timer; an open position pauses it.

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).

Core: 30% funded and Instant, none during evaluation. Rapid: 40% during evaluation; none for funded Rapid Daily. Rapid Futures 3D: 40% per funded cycle. Resets after each payout.

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.

Latency arbitrage, price or platform manipulation, spoofing/layering, bug exploitation, copying/external signals, third-party management, account sharing, multiple identities and excessive exposure.

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.

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

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