Futures firms comparator

2026-10

2023

Paris

Léon Grimm

France

After five payouts the account is reviewed for a possible live transition; it is not automatic. Initial 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.

Every 5 days; five payouts before account review.

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.

One and Signature: 5% of balance up to 75K and 4% on 100K and 150K. One additionally limits withdrawals to 50% of total profit. Instant: 5% at all sizes.

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.

500 USD

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

Positive net profit across the payout cycle. KYC and Trader Agreement. Shared wallets are not accepted; failed KYC means forfeiture of gains and account closure. Optional store credit is irrevocable and expires after one year.

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.

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

Liquidity-provider commissions vary by instrument and platform; check specifications.

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.

Remove Lock on Payout: +25%. Payout Protector: +25%, Signature only. Optional add-ons; checkout indicates they are included in renewal.

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

End-of-day trailing; the threshold retains its pre-payout level unless Remove Lock on Payout is purchased.

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.

One: none. Signature: 6% on 25K, 4% on 50K, 3% from 75K. Instant: 4%.

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

No fixed count; the $1 million limit is shared across evaluations, funded accounts and markets.

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 evaluation deadline; the inactivity limit applies.

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

Instant: monthly subscription from the funded account. The reviewed sources do not publish a One or Signature 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.

One: 5 days with at least $100/150/200/250/300 on 25/50/75/100/150K. Instant: 5 days according to checkout. Signature: no explicit confirmed requirement.

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.

Monthly subscription; platform prices are listed in each challenge.

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.

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

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

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

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

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

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.

The FAQ permits proprietary automation subject to restrictions, but the checkout catalogue flags EAs as disallowed. Obtain written confirmation for the selected plan and platform before using automation.

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

Permitted within one account. Coordinated opposing positions across accounts or firms are prohibited.

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

Tick harvesting, full porting and sub-minute positions at or near the contract limit are prohibited.

No minimum trade duration.

No universal per-trade percentage is published; gambling, all-in and abuse of margin, leverage or contract limits are prohibited.

Only between accounts owned by the same trader. Signals, passing services, group trading and EAs facilitating copy trading are prohibited.

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

Existing positions may remain open. No opening or closing within 3 minutes before or after high-impact news. Consequences include P&L removal, reduced leverage or account termination.

Including Tier 1 releases, at every stage.

Account closes after 30 consecutive days without trading.

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).

One: 40% in evaluation and funded. Signature: 50% in both. Instant: 20%. If the best day exceeds the allowed share of total profit, continue trading until compliant.

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.

Cross-account arbitrage, latency or pricing-error exploitation, insider trading, front-running, third-party passing strategies and changing strategy between evaluation and funded trading. All-in, gambling and excessive exposure are prohibited. Trading is reviewed before funded account issuance.

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.

Close before the platform session ends.

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.

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.