Futures firms comparator

Paris

IFZA Business Park, DDP, Premises No. 35882-001, Dubai Silicon Oasis, Dubai, United Arab Emirates

Léon Grimm

France

United Arab Emirates

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

$35 flat processing fee deducted from the first approved withdrawal of each calendar month.

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.

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.

• Daily: daily
• One Step Standard, Instant Standard: on demand
• Flex DLL: after 5 winning days
• Flex No DLL: after 6 winning days

Monday to Friday, 8:00 AM to 4:00 PM Central Time.

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.

Daily: maximum daily payout

• $50k: $1,100
• $100k: $2,200
• $150k: $3,300

Instant Standard: payout cap

• $25k: $1,000
• $50k: $2,000
• $100k: $4,000
• $150k: $6,000

One Step Standard: payout cap

• $50k: $2,000, then $2,500
• $100k: $4,000, then $5,000
• $150k: $6,000, then $7,500

Flex DLL and Flex No DLL: payout cap

• $50k: $2,000
• $100k: $2,500
• $150k: $3,000

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

• Instant Standard, One Step Standard, Flex DLL and Flex No DLL: $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.

Within 24 business hours. Get paid in 24 hours or AquaFunded Futures pays you an extra $500.

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.

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.

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.

One Step Standard funded scaling targets: $52,100 on $50k, $103,600 on $100k and $155,100 on $150k.

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.

• Daily, Flex DLL and Flex No DLL: end-of-day (EOD) drawdown during evaluation and funded stages
• Instant Standard: end-of-day (EOD) drawdown
• One Step Standard: end-of-day (EOD) drawdown during evaluation

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

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. Spark closes after 90 days without a trade. Merit: 30 calendar days.

Daily, Flex DLL and Flex No DLL: unlimited evaluation time.

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

One Step Standard: none; the evaluation can be passed in one trading day.

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 Step Standard, Flex DLL and Flex No DLL: $0 activation fee.

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.

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.

No minimum trade duration.

Scalping and microscalping are allowed with a minimum trade duration of 10 seconds.

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.

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

Copy trading is allowed between accounts owned by the same person. You can copy trades freely across your own AquaFunded Futures accounts without violations for internal account copying.

Including Tier 1 releases, at every stage.

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).

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.

Evaluation Phase

• Daily: 40%
• One Step Standard: none
• Flex DLL and Flex No DLL: 50%

Funded Phase

• Daily: none
• One Step Standard: 40%
• Flex DLL and Flex No DLL: none
• Instant Standard: 20%

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.

• No full automation: bots, AI and hands-off trading are forbidden.
• Auto scalping is limited (>200 trades/day restricted).
• Semi-automation is allowed with active manual control.
• No order manipulation (layering or fake liquidity).
• No exploiting simulated fills, slippage or illiquid markets.
• Follow CME rules; no coordinated accounts.
• Scalping and microscalping require a minimum trade duration of 10 seconds.
• Martingale is allowed within risk limits.
• Violations may result in termination and loss of profits.

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