Futures firms comparator

Paris

Praga 1, Calle Purkynova 2121/3, 110 00, Czech Republic

Léon Grimm

Otakar Suffner

France

Czech Republic

2023

2015

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.

A small group of consistently profitable traders may be invited to a Live Funded Account at FTMO's discretion. It cannot be requested and additional country restrictions apply.

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.

On demand once the qualifying-day requirements for the current payout cycle are met.

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.

Growth — per payout

• $50K: up to 50% of available profit, capped at $2,500
• $100K: up to 50% of available profit, capped at $3,000
• $150K: up to 50% of available profit, capped at $4,000

Pro — per payout

• $50K: up to 100% of available profit, capped at $5,000
• $100K: up to 100% of available profit, capped at $6,000
• $150K: up to 100% of available profit, capped at $8,000

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

$20

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.

At least 50% of every requested payout must come from new profit generated during the current payout cycle. US clients must submit Form W-9 and proof of ownership of an eligible US bank account before their first 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.

Evaluation accounts can be reset to their original conditions without changing the monthly billing date. There is no limit on purchased resets.

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.

End-of-day trailing drawdown based on the highest closing balance. It can only move upward and locks permanently once it reaches the initial account balance.

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 Merit: 50% until the trader has withdrawn twice the starting balance, then 80%.

90%

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

• Growth Evaluation: none
• Growth Sim-Funded: soft limit of $1,000 / $2,000 / $3,000 on 50K / 100K / 150K; positions close and trading pauses until the next day
• Pro Evaluation and Sim-Funded: hard limit of $1,000 / $1,500 / $2,000 on 50K / 100K / 150K; breach terminates the account

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

Growth allows withdrawing up to 50% of available profit per cycle, leaving the remainder in the account. Pro allows up to 100%, subject to its payout cap.

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.

Unlimited concurrent Evaluations. Maximum 3 concurrent Sim-Funded Accounts across Growth and Pro.

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

Unlimited while the monthly subscription remains active.

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

No fixed minimum. The Evaluation must satisfy its consistency rule, which can require multiple trading days.

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 and no recurring charge on Sim-Funded or Live Funded Accounts.

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.

Growth payout eligibility

• $50K: 4 days with at least $150 closed profit per day
• $100K: 4 days with at least $250 closed profit per day
• $150K: 4 days with at least $300 closed profit per day

Pro payout eligibility

• $50K: 5 days with at least $200 closed profit per day
• $100K: 5 days with at least $300 closed profit per day
• $150K: 5 days with at least $500 closed profit per day

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.

Sim-Funded Accounts start with 2, 4 or 6 mini contracts on the 50K, 100K and 150K sizes. The limit scales with end-of-day profit up to 5, 10 or 15 minis respectively. Ten micros count as one mini.

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

Monthly subscription. Market data is included and there is no activation fee. After a hard breach, the trader can buy a reset or wait for the next renewal to receive a fresh Evaluation.

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

Algorithmic trading and EAs are allowed, but manipulative automation, high-frequency strategies and latency arbitrage are prohibited. Third-party EAs can cause duplicated-strategy issues.

VPN, VPS and proxy allowed; sessions are monitored and identity documents may be requested.

VPN and VPS use is allowed if the trader remains the sole controller of the account and does not reside in a restricted country.

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

Opposing positions may be used within one account. Hedging or offsetting directional risk across different accounts, providers or people is prohibited.

No minimum trade duration.

Scalping is allowed when it reflects legitimate market trading. High-frequency and latency-arbitrage strategies are prohibited.

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.

Copying between accounts owned by the same trader is allowed. Copying signals or decisions from another trader or third party is 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).

Sim-Funded Accounts receive a warning after 30 consecutive inactive days and close after a further 30 inactive days. Live Funded Accounts have no inactivity rule.

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.

• Growth Evaluation: the best day cannot exceed 40% of total profit
• Pro Evaluation: the best day cannot exceed 50% of total profit
• Sim-Funded: no consistency rule

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 platform or data-feed errors; relying on drawdown protection as the sole exit; offsetting risk across accounts; copying third-party trades; manipulative automation, HFT or latency arbitrage; opening positions within 2% of a CME price limit; holding positions or resting orders after market close; overleveraging, account rolling, spoofing, layering, wash trading or other behaviour that cannot be replicated in a live futures market.

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

No fixed percentage is published, but overleveraging, one-sided bets and materially inconsistent position sizing can lead to account action or termination.