Futures firms comparator

Paris

1201 N Orange St, Suite 7149 Wilmington, DE 19801, United States

Léon Grimm

France

United States

2023

2022

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

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.

• Legacy Master: requests can be submitted at any time and are processed weekly on Wednesday.
• Momentum Master and Fast Track: eligible requests submitted before 12:01 PM CT, Monday–Friday, are processed the same day.

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.

Legacy Master — first three payouts:

Momentum Master:

Fast Track:

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

• Legacy Master: $1,000.
• Momentum Master: $500 on 25K; $1,000 on 50K, 100K and 150K.
• Fast Track: $1,000.

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.

• Momentum Master: 5 qualifying profitable days per cycle. Minimum profit per qualifying day: $100 on 25K, $150 on 50K, $200 on 100K and $250 on 150K. Minimum balances: $26,500, $53,000, $104,500 and $156,500 respectively.
• Fast Track: later payout goals after the first payout are $1,000 on 25K, $2,000 on 50K, $3,000 on 100K and $4,500 on 150K.

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.

• Legacy Qualification: resets cost $78. Active recurring Legacy subscriptions keep the free reset available on their renewal date.
• Momentum Qualification: reset available; price not announced. A reset does not extend the 30-calendar-day validity.
• Fast Track: no reset option.

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.

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.

• Legacy No Scaling Account: real-time Trailing Drawdown.
• Legacy EOD Account: End-of-Day Drawdown.
• In Legacy Master accounts, both thresholds stop moving when they reach the initial balance +$100.
• Momentum and Fast Track Option 1: Trailing Drawdown.
• Momentum and Fast Track Option 2: EOD Drawdown.
• The amount for each account appears in the challenge table.

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 Merit: 50% until the trader has withdrawn twice the starting balance, then 80%.

• First $10,000 in eligible cumulative profits per trader profile: 100% to the trader.
• Thereafter: 90% to the trader and 10% to Bulenox.
• The first-$10,000 threshold is shared across accounts and products.

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

Legacy:

Only EOD accounts have a Daily Loss Limit. If it is reached, trading is paused for the rest of the day without being treated as a rule breach. It stops applying when the maximum drawdown reaches the initial balance.

Momentum and Fast Track:

Option 1 has no Daily Loss Limit. Option 2 has a Daily Loss Limit where specified in the challenge table.

• Unlimited Qualification accounts.
• Shared limit of 5 Master-level accounts across the Bulenox products.

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.

• Legacy and Momentum Qualification: 30 calendar days from activation.
• Fast Track: not applicable because there is no Qualification.

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

• Legacy Qualification: 1 trading day to pass. Legacy Master: 10 trading days before payout.
• Momentum Qualification: 1 trading day to pass. Momentum Master: 5 qualifying profitable days per payout cycle.
• Fast Track: no minimum trading days before payout.
• Funded Account: 5 trading days per payout.

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.

• Legacy Master: one-time activation fee; amounts applicable from August 17 must be confirmed at checkout.
• Momentum Master: no activation fee.
• Fast Track Master: activation is included in the one-time Fast Track 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.

• Momentum Master: 5 qualifying profitable days per payout cycle.
• Fast Track: no minimum profitable-day requirement.

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.

Only EOD accounts have scaling.

$10K EOD Account Scaling

$25K EOD Account Scaling

$50K EOD Account Scaling

$100K EOD Account Scaling

$150K EOD Account Scaling

$250K EOD Account Scaling

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

• Legacy Qualification and Momentum Qualification: one-time purchase with no recurring subscription; valid for 30 calendar days.
• Active Legacy subscriptions opened before August 17, 2026 remain under their existing subscription terms.
• Fast Track has no Qualification stage.

The Rithmic 14-day free trial (equivalent to 10 trading days) is offered directly by Rithmic and is available only to traders who have not previously registered or used Rithmic services.

Once the funded account is achieved, all active master accounts must be merged into a single funded account.

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.

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.

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.

• Legacy Master: 40%.
• Momentum Master: 35%.
• Fast Track: 20% for the first payout, 25% for the second and 30% from the third onward.
• No consistency rule applies during Qualification.

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.