Wall Street Funded launches Futures Simulation: CFDs with futures-style rules and a daily limit that does not fail the account
Goat Funded Futures Removes the 2-Minute Rule on All Plans
Fintokei Cuts the Minimum Holding Time From 10 to 5 Seconds
Upcomers Adds Skrill as a Payment Method
Atlas Funded adds Hyperprop as a trading platform for its futures accounts
Leveraged ONE now comes in $150K and $200K accounts
forTraders launches 24/7 Perps with a one-step challenge
Top One Futures removes the No DLL option from Elite Daily and Ignite
Goat Funded Trader triples the news trading profit cap on new accountsGoat Funded Trader will pay 70% of payouts on the same day they are requested
PipFarm cuts the Pay With Profits fee by 0.5% at every risk tier
Papaya Funding cuts futures drawdowns and lowers the minimum payout to $100
Papaya Funding adds daily payouts to its CFD accountsGoat Funded Trader passes $30 million in rewards paid
FundedHive reaches 100,000 registered tradersFutures firms comparator
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7901 4th St N Ste 300, St. Petersburg, FL 33702, United States
Paris
Léon Grimm
United States
France
2023
Merit Live: Phoenix covers the processor fee on withdrawals above $500.
After the three Ascension cycles you move to a Live account with Midgard's real capital, starting at $1,000 to $4,000 by size. Minimum balance: 30% of the highest end-of-day balance, which only rises; if equity touches it, the account is liquidated. No targets or payout caps. It requires extra verification (proof of address, phone and tax ID) and the trader pays their own market data.
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.
- Raid: once per CME session; after a payout, wait for the next session (6 PM ET).
- Conquest: after 5 days at the minimum daily profit ($200, $250, $300 and $350 by size) and total profit of at least 5 times that minimum.
- Ascension: one bounty each completed cycle.
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.
Paid as soon as you confirm an eligible request. It can be held while your latest fills are checked (about 15 minutes) or while the account is under review.
- Raid Light Armor: $1,000, $1,500, $2,000 and $2,500 per request (25K to 150K).
- Raid Plated: $10,000 per request on every size.
- Conquest: up to 50% of profit, capped at $1,000, $1,500, $2,000 and $2,500 on Light Armor and $2,500, $5,000, $7,500 and $10,000 on Plated.
- Live: no cap.
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.
$250 per request on Raid and Conquest. Ascension pays fixed bounties.
Classic and Daily: $75. Spark: $30 (Seed) or $75 (Starter). Merit Live: $1.
- KYC with Sumsub (ID and facial check) before the first payout.
- Payouts go through Rise or Dots, which ask for their own onboarding and tax forms.
- Microscalping: at most 50% of trades or profit since the last payout can come from trades under 12 seconds.
- Raid: the buffer must stay intact after each payout.
- Light Armor: you can only withdraw profit made since the last payout. Plated: the same, but only after a payout taken while profit was above the cap.
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 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.
Up to 3 resets per Trial account, bought manually. They restore the starting balance and erase the account history. Non-refundable.
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.
PLAT End-of-Day Drawdown boost: a Trial bought with it trails the highest end-of-day balance instead of intraday equity. Its price is not public.
Performance Review (+20% on the price): 20 to 30 page report on the trader's own trades. Free ATAS licence with dxFeed.
Scaling beyond the Classic plan on request, after a full review of the trades.
Intraday trailing: it follows the highest equity, unrealized profit included. On the Trial it locks at the profit target. Once funded it locks at the starting balance when profit reaches the buffer, which equals the drawdown. Losses and payouts reduce it dollar for dollar; at zero the account fails.
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.
80% on Raid and Conquest. Ascension pays fixed 100% bounties.
Classic and Spark: 90%. Daily: 80%. Merit: 50% until the trader has withdrawn twice the starting balance, then 80%.
No daily loss limit.
Classic, Daily and Spark: none. Merit: 25% dynamic (soft breach). Live: agreed with each trader based on their results.
Up to 5 active accounts at once, Trial or funded: $750,000 with five 150K accounts.
Raid only: the buffer equals the account drawdown and only profit above it can be withdrawn. Conquest has no buffer.
Classic and Daily: a locked buffer equal to the maximum drawdown stays in the account and is not withdrawable. Spark and Merit: none.
5 active accounts at once and no more than 20 new funded accounts in any 30 days.
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.
No deadline, but you must trade at least once every 28 days.
No deadline. Spark closes after 90 days without a trade. Merit: 30 calendar days.
- Trial: 3 days on Light Armor and 5 on Plated.
- Ascension: 5 days per cycle, not necessarily in a row.
Classic and Daily: 2. Spark: 1. Merit: none; the challenge lasts 30 calendar days.
No activation fee on purchased accounts. Free accounts (100% code, gift or giveaway) may pay a one-time activation when moving to funded: $49 on Light Armor and $99 on Plated.
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.
PLAT: points for purchases, milestones and promotions, which can also be bought. They cannot be withdrawn, have no cash value and are reversed if the purchase is refunded.
Phoenix Extra: PHX earned for ideas and ambassador work, usable on accounts, resets and activation fees. Not convertible to cash.
- Conquest: 5 days at the minimum daily profit for its size.
- Raid and Ascension: none.
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.
One-time fee per account, no subscription or rebills. You pick the platform at checkout.
Classic: monthly subscription every 30 days, cancelled automatically on passing; dxFeed adds $20/month. Daily, Spark and Merit: one-time payment. No refunds.
Bots, AI execution and mass order entry are forbidden.
HFT and bots that trade without the trader are prohibited. Tools that assist the trader (hotkeys, DOM, alerts) are allowed.
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.
Trades under 12 seconds count as microscalping and cannot exceed 50% of trades or profit. Tick scalping is forbidden.
No minimum trade duration.
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.
Contract limit by account size, in minis or micros.
Only between your own Midgard accounts. Copying other traders or signal services is forbidden.
Same direction across the trader's own accounts. Thor is included with TFeed.
Free on the Trial. Once funded, stay flat from 2 minutes before to 2 minutes after NFP, CPI and FOMC; other news is free.
Including Tier 1 releases, at every stage.
At least one trade every 28 days, counted from purchase or the last reset. Otherwise the account is closed with no refund; they email about 5 days before.
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).
40% on the Trial only: the best day cannot exceed 40% of profit. You need the target or the best day divided by 0.4, whichever is higher. None once funded.
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.
- Bots, AI or mass order entry
- One- or two-tick tick scalping
- Exploiting simulated fills: rapid-fire orders, gaps, slippage-free stops, tight brackets and auto-breakeven
- Latency arbitrage or price errors
- Hedging across accounts and opposite positions in correlated products (NQ and MNQ)
- Martingale or averaging down
- Copying other traders or trading for others
- VPN, proxy or an external or slow data feed
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.
Everything is flattened automatically at 4:45 PM ET and you stay flat until the 6:00 PM ET reopen.
Positions must be closed before the session ends, at every stage including Live. Breach: funded account denied, or payout denied and account closed.
