Futures firms comparator

Paris

Innovation One Building, Level 2, DIFC, Dubai, United Arab Emirates

Léon Grimm

Oliver Newland

France

United Arab Emirates

2023

2026

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.

Traders may enter the live-account review pool after payout 5, significant lifetime payouts, exceptional simulated-funded performance or a previous live transition. Selection is always at Finotive Futures' discretion.

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 all requirements 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.

1-Step Funded

• $25K: $1,000 first payout; $1,500 thereafter
• $50K: $2,000 first payout; $2,500 thereafter
• $100K: $2,500 first payout; $3,000 thereafter
• $150K: $3,000 first payout; $3,500 thereafter

Instant

• $25K: $1,000
• $50K: $2,000
• $100K: $3,000
• $150K: $4,000

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

$500 before the 90% reward split.

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.

All positions must be closed and KYC and compliance checks must be complete before requesting a payout.

Payout requests are processed within 24 to 48 hours.

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.

• 1-Step evaluation: a discounted reset can be purchased within 14 calendar days of a breach.
• 1-Step Funded: up to 2 resets before the first payout, within 14 days of the breach; each costs 5 times the evaluation fee.
• Instant: no standard reset; the same size can be repurchased at a reduced price within 3 calendar days of a breach.

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.

• 1-Step: EOD trailing, based on the highest end-of-day balance; it locks at the initial balance once the Profit Buffer is reached.
• Instant: intraday trailing, following the highest balance or open equity.
• Reaching the maximum drawdown is a hard breach.

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.

Calculated from the end-of-day balance. A breach is soft: positions are closed and trading stops for that day; the account is not failed. The new daily limit on 25K 1-Step evaluations applies only to new purchases; existing accounts retain their original rules.

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

Applies only to 1-Step Funded accounts and must remain in the account: $1,000 on $25K, $2,000 on $50K, $3,000 on $100K and $4,500 on $150K. Each payout also requires new profit equal to 1% of the initial balance above the buffer. Instant accounts use a recurring payout milestone instead: $1,450, $3,000, $5,000 and $8,000 respectively.

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 evaluation accounts. Total funded allocation across 1-Step and Instant accounts is capped at $1,000,000.

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

No time limit for the 1-Step evaluation. Accounts close after 15 consecutive calendar days without a trade.

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

The 1-Step 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.

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.

• 1-Step evaluation: none
• 1-Step Funded: 3 per payout cycle
• Instant: 5 per payout cycle

A profitable day requires at least 0.25% of the initial account balance in realised profit.

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.

One-time purchase fee. No subscription or automatic rebilling, and no activation fee after passing.

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

Bots, EAs and personal automated strategies are allowed if they do not exploit latency, feed errors or the simulated environment.

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

Connections must remain stable and verifiable. VPNs, proxies or location masking are prohibited when they impair identity, location or account-control checks.

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

Hedging within one account is allowed, including mini versus micro positions. Opposing or correlated hedges across separate accounts or prop firms are prohibited.

No minimum trade duration.

Microscalping is allowed, but no more than 50% of total profit may come from trades held for less than 30 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.

Allowed when used responsibly within contract and drawdown limits. Aggressive exposure may be reviewed as gambling behaviour.

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

Allowed only between accounts personally owned and controlled by the same trader, including their accounts at other prop firms. Third-party signals, accounts and copy services are prohibited.

Including Tier 1 releases, at every stage.

Allowed without restrictions during the 1-Step evaluation. On 1-Step Funded and Instant accounts, orders cannot be opened, closed or triggered from 2 minutes before until 2 minutes after high-impact news.

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).

15 consecutive calendar days without a trade is a hard breach and permanently closes the account.

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.

No consistency rule during the 1-Step evaluation. At payout, one day may represent at most 40% of cycle profit on 1-Step Funded accounts and 20% on Instant accounts.

Positions cannot be carried through the Friday close into the Sunday reopen.

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.

Hedging across accounts or platforms; latency, feed, spread or exchange arbitrage; account or device sharing; coordinated/group trading; copying third parties; spoofing, layering and market or order-queue manipulation; volume inflation or artificial trades; HFT and algorithmic exploitation; non-viable simulated-fill strategies; gambling/account rolling; news straddling; and gap or illiquid-market exploitation.

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

All open positions are automatically closed at 15:55 CT, five minutes before the daily close.