Futures firms comparator

Paris

100 Crescent Ct, Unit 700, Dallas, Texas 75201, US

Léon Grimm

Dylan Elchami

France

United States

2023

2021

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

E8 charges no payout fee. WorkMarket or Rise may charge a processing fee depending on the selected withdrawal method.

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.

Challenge and SimFi Performance accounts are simulated. Futures market data is sourced from CME.

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.

• Signature Futures: on demand once all payout requirements are met.
• Zero Starter and Zero Max: daily, minimum $100.

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.

E8 Signature Futures

E8 Zero Starter

• $50K: $1,000
• $100K: $1,600
• $200K: $2,100

E8 Zero Max

• $50K: $3,000
• $100K: $5,000
• $200K: $7,000

Signature Futures and Zero allow a maximum of 5 payouts per account; after the fifth, the account closes and a free Challenge of the same size is issued.

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

$100

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.

Payouts require successful onboarding and KYC with WorkMarket or Rise. If neither provider accepts the trader, E8 cannot process the payout.

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.

After an account fails, a 10% discount is available for 7 days to retry the same account size and settings.

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

Zero Starter and Zero Max allow the payout share to be increased from the 80% base configuration to 100% at checkout.

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.

EOD Dynamic Drawdown based on the highest end-of-day balance. Intraday equity does not move it. It locks permanently at the initial balance level.

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 Merit: 50% until the trader has withdrawn twice the starting balance, then 80%.

• Signature Futures: 80%.
• Zero Starter/Max: 80% base; 100% can be selected at checkout.

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

• Signature Challenge: none.
• Signature Performance: 2% Daily Pause (soft breach; trading resumes the next day).
• Zero Challenge and Performance: none.

• Challenge stage: unlimited accounts.
• Signature Futures: up to 5 active Performance accounts.
• Zero Starter/Max: up to 3 active Performance accounts. Limits apply per household.

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

Signature requires leaving a non-withdrawable buffer equal to the EOD Dynamic Drawdown before payouts. On Zero, any profit left after a payout remains as buffer and cannot be requested in a later cycle.

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.

Unlimited, but the account closes after 7 days of inactivity.

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

• Signature Futures: can pass in 1 day.
• Zero Starter/Max: earliest pass in 3 days because of the 40% Best Day rule.

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.

No activation fee or recurring subscription.

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.

• Signature: 5 profitable days between payouts after the first payout; a profitable day requires at least 0.3% realized profit.
• Zero Starter/Max: no minimum profitable days in Performance.

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 Zero Performance accounts scale contract allowance. At 1.5% locked profit the first level unlocks the next day; at 3% the second level unlocks. Signature and Zero Challenge contract limits do not scale.

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

One-time fee. No subscription.

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

Semi-automated and fully automated trading, including bots, AI tools and HFT above 300 trades per day, is prohibited on Futures.

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.

Futures accounts use a netting system. Hedging across multiple accounts or users is prohibited.

No minimum trade duration.

At least 50% of total profit must come from trades held for 10 seconds or longer.

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.

Allowed only between accounts owned by the same trader. Team trading, signals and copying another trader are prohibited.

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).

The account closes after 7 days without opening and closing at least one trade.

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.

• Zero Challenge: 40% Best Day rule; if the best day exceeds 40% of total profit, the effective target increases.
• Zero Performance: no consistency rule.
• Signature Challenge: no consistency rule.
• Signature Performance: 35% Best Day rule for payout eligibility.

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.

• Exploiting gaps, illiquid markets, pricing errors or slow data feeds
• Semi-automated or fully automated trading, bots, AI tools and HFT above 300 trades/day
• Trading within 2% of a CME product lock limit
• Irresponsible or all-or-nothing trading
• Hedging across accounts or users
• Tick scalping where less than 50% of profit comes from trades held at least 10 seconds
• Trading anything other than the front-month contract
• Account rolling and strategies that are not reproducible in real markets

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

All positions are forcibly closed every trading day at 15:10 CT. Trading is permitted from 17:00 to 15:10 CT.

There is no fixed percentage risk cap, but irresponsible, all-or-nothing or disproportionate risk-taking can trigger review or account termination.