Futures firms comparator

Paris

28780 Single Oak Dr, 325, Temecula, California 92590, US

Léon Grimm

Manuel Meraz

France

United States

2023

2024

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.

Professional Stage accounts use real capital. Pro environment runs on Tradovate; Live Market Execution environment runs on Rithmic.

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.

Simulated Funded Accounts

• Prime: Every 3 trading days
• Classic: Every 7 trading days
• Premier / Elite: Every 5 trading days
• Velocity Standard: Every 3 trading days
• Velocity Daily Payout Add-On: Daily (1x per day)
• Straight To Funded (S2F): Every 7 trading days
• S2F Accelerate: Eligible for payout after 5 trading days
• Base Plan: Daily (1x per trading day)

Professional Stage Accounts

• Daily withdrawal requests permitted.

Lab Plans

• Lab Sniper 25K: daily payouts once eligible.
• Lab Accelerate 25K: 5 qualifying days per payout.
• Lab Payday 50K: 7 qualifying days per payout.

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.

Simulated Funded Accounts: Max Payout Per Request

• Prime: Payout 1 ($1,000-$3,500), Payout 2+ ($1,500-$4,000)
• Classic: Payout 1 ($1,750-$3,000), Payout 2+ ($2,000-$6,000)
• Premier / Elite: Payout 1 ($1,750-$3,000), Payout 2+ ($2,000-$6,500)
• Velocity Standard: $750-$3,250 per request
• Velocity Daily Payout Add-On: $600-$2,500 per request
• S2F: Payout 1 ($1,000-$3,000), Payout 2+ ($1,000-$3,500)
• S2F Accelerate $50K: Payout 1 ($1,250), Payout 2 ($1,250), Payout 3+ ($1,500)
• Base Plan: $1,000 per request

Professional Stage Accounts

• No maximum withdrawal amount, limited only by available profits above the required buffer.

Lab Plans

• Sniper 25K: payouts 1-2 up to $500 each; payout 3 onward up to $1,000 each.
• Accelerate 25K: up to $500 per payout.
• Payday 50K: payouts 1-2 up to $1,000 each; payout 3 onward up to $1,250 each.

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

• Base Plan: $500.
• Other plans: $250.

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.

Base Plan

• No qualifying trading days required
• Keep at least $4,000 after withdrawal
• Earn at least $1 in new net profit between payouts

Lab Plans

• Sniper 25K: $2,500 profit required between payouts.
• Payday 50K: $3,000 profit required between payouts.

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.

Commission depends on the trading platform used

• NinjaTrader: standard NinjaTrader/CME exchange and clearing fees apply. Check NinjaTrader's commission schedule for exact rates per contract.
• Tradovate: standard Tradovate platform and exchange fees apply. See Tradovate's pricing page for per-contract rates.
• TradingView (via Tradovate): fees are determined by the connected broker (Tradovate). Refer to Tradovate for exact rates.
• WealthCharts: standard exchange and clearing fees apply. Verify with WealthCharts for specific per-contract pricing.

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

• Unlimited resets at discounted fees. Fees vary by plan and account size.

Simulated Funded Accounts

• Maximum of 3 resets per funded account.
  Lab Straight to Funded accounts cannot be reset.

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

Daily Payout Add-On available for Velocity Plan: enables daily payout requests (1x per day) with no consistency rule and no minimum trading day requirement.
Velocity EOD Drawdown Add-On: evaluation only. Fees: 25K $30; 50K $50; 100K $80; 150K $110. Funded drawdown remains intraday.

Scaling beyond the Classic plan on request, after a full review of the trades.

Scaling plan applies to Simulated Funded and Professional Stage accounts. In Sim Funded, position size increases with realized profit (end-of-day). In Professional Stage, scaling is decided case-by-case by the Live Desk based on EOD realized results.
Lab Sniper 25K and Accelerate 25K have fixed position limits and no scaling plan. Lab Payday 50K has a scaling plan.

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.

Evaluation Phase

• Prime / Classic / Premier EOD: End-of-Day trailing drawdown based on realized gains.
• Elite / Premier Intraday: Intraday trailing drawdown based on unrealized gains.
• S2F Standard: End-of-Day drawdown.
• S2F Accelerate: Intraday trailing drawdown with no ceiling.
• Velocity: Intraday trailing drawdown; optional EOD drawdown during evaluation.
• Base Plan: $2,000 End-of-Day trailing drawdown based on the highest End-of-Day balance.

Simulated Funded Phase

• Velocity: Intraday trailing drawdown, including accounts with the evaluation EOD Add-On.
• End-of-Day drawdown on all plans except Velocity, S2F Accelerate and Base Plan. Except for Lab Sniper 25K, once an End-of-Day account reaches the buffer zone (e.g., $52,000 for $50K account), the drawdown becomes static at the initial balance.
• S2F Accelerate: Intraday trailing drawdown with no ceiling.
• Base Plan: $2,000 intraday trailing drawdown that locks once the account reaches $2,000 in profit.

Professional Stage

• End-of-Position (EoP) drawdown: adjusts only when a position is closed in profit. Drawdown locks at a static threshold once fully recovered (e.g., $50,100 for $50K account).

Lab Plans, Straight to Funded

• Sniper 25K: EOD trailing drawdown that never locks.
• Accelerate 25K: intraday trailing drawdown that never locks.
• Payday 50K: EOD trailing drawdown locks at the initial balance once the EOD balance reaches the initial balance plus the maximum drawdown.

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

Simulated Funded Accounts

• 90% trader / 10% firm

Professional Stage Accounts

• 80% trader / 20% firm

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

Evaluation & Simulated Funded Accounts

• Except for Lab Payday 50K, no explicit daily loss limit (DLL) during evaluation or simulated funded phase. However, the 2% CME price limit rule applies.

Professional Stage Accounts

• Daily Loss Limit (DLL) applies and is tied to the current scaling tier.

Lab Plans

• Sniper 25K and Accelerate 25K: no daily loss limit.
• Payday 50K: a daily loss limit applies; exceeding it is a hard breach. The amount is shown in the challenge catalogue.

Up to 4 Simm Funded Accounts

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

Classic / Premier / Elite / S2F Standard / Velocity: Buffer Required

• A buffer must be maintained at all times. The account balance cannot drop below the buffer level after withdrawal. The buffer equals the drawdown level + $100.

Base Plan

• Keep at least $4,000 in the account after every payout.

Premier Plus (accounts purchased after 4/7/26)

• No buffer requirement. Net profit rule applies: account must have at least $1 more than the balance requested previously.

Lab Accelerate 25K

• $1,100 payout buffer; only profits above this buffer can be requested.

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.

No time limit. Traders can take as long as needed to meet the profit target.

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

• Classic Evaluation: Minimum 2 trading days to pass.
• Prime: Minimum 1 trading day to pass. Standard and Max differ only in position limits and price.
• Premier: Choose a 1-Day Pass or 2-Day Pass at checkout. The selected minimum applies to the evaluation.
• Elite: Minimum 1 trading day to pass.
• Velocity: Minimum 3 trading days to pass; no minimum with the Daily Payout Add-On.
• Funded payouts: 7 qualifying trading days ($200+ profit) for Classic / Premier / Elite / S2F Standard. 3 qualifying days for Prime. 5 qualifying days for Premier Plus accounts purchased after April 7, 2026.
• Lab Sniper 25K, Accelerate 25K and Payday 50K bypass evaluation. Their funded payout day requirements are listed under minimum profitable 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 subscription fee on funded accounts. No activation fee on Prime, Premier, and Velocity. Classic and Base Plan have an activation fee.
Lab Sniper 25K, Accelerate 25K and Payday 50K use a one-time purchase fee with no activation or recurring funded 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.

Payout Requirements (Simulated Funded)

• Except for plans without a qualifying-day requirement, each payout cycle requires a minimum number of qualifying trading days with at least $200 realized profit per day.
• Classic / Premier / Elite / S2F Standard: 7 qualifying days per payout.
• Prime: 3 qualifying days per payout.
• Premier Plus (after 4/7/26): 5 qualifying days per payout.
• Velocity: 3 qualifying days per payout, each with at least $200 profit; no qualifying-day minimum with the Daily Payout Add-On.
• S2F Accelerate 50K: 5 qualifying days per payout, each with at least $200 profit.

Professional Stage

• A Qualified Trading Day is defined as a day with at least $200 in realized profit, used to determine withdrawal stage eligibility.

Lab Plans

• Sniper 25K: no qualifying-day minimum; payout profit requirements still apply.
• Accelerate 25K: 5 qualifying days per payout, each with at least $200 profit.
• Payday 50K: 7 qualifying days per payout, each with at least $200 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.

Scaling applies to Simulated Funded and S2F Standard accounts based on end-of-day realized profit. Position size increases progressively as profit thresholds are met. S2F Accelerate does not use a scaling plan.

Premier Plus Simulated Funded

• Accounts purchased before September 9, 2026 use the legacy scaling plan, with maximums of 3 minis / 30 micros on 25K, 5 / 50 on 50K, 10 / 100 on 100K and 15 / 150 on 150K.
• Accounts purchased from September 9, 2026 have fixed maximums of 2 minis / 20 micros on 25K, 4 / 40 on 50K, 6 / 60 on 100K and 10 / 100 on 150K.

Base Plan Simulated Funded

• Position size changes with the account balance after trades are closed. $1,000 allows 1 mini / 10 micros, $2,000 allows 2 / 20 and $4,000 allows 4 / 40, up to 15 minis / 150 micros.

Lab Plans

• Sniper 25K and Accelerate 25K: no position size scaling.
• Payday 50K: position size scaling applies.

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 for Prime, Premier (Intraday and EOD), Velocity, and Classic. Base Plan uses a one-time evaluation fee. Straight To Funded (S2F) uses a one-time fee and bypasses evaluation.

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.

VPNs and VPSs are allowed for trading activities on the trading platform. They must not be used to access or log in to the FFF account dashboard. Use is at the trader's own discretion and risk.

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).

At least 1 trade per week (Monday-Friday) lasting minimum 10 seconds is required per account. Accounts idle for 2 consecutive weeks are marked inactive and automatically closed without restoration.

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.

Classic Evaluation

• 50% consistency rule applies: no more than 50% of the total profit target can be achieved in a single day.

Base Plan

• Evaluation: 40% consistency rule.
• Simulated Funded: no consistency rule.

Simulated Funded Accounts (Classic / Premier / Elite / S2F / Velocity: before 4/7/26)

• Payouts 1-3: 40% maximum per trading day
• Payouts 4-5: 45% maximum per trading day
• Payouts 6+: 50% maximum per trading day

S2F

• Standard: 25% daily consistency applies.
• Accelerate 50K: 25% lifetime consistency applies.

Prime Simulated Funded

• 40% consistency per payout cycle; resets after a payout.

Premier Plus Simulated Funded

• Accounts purchased before September 9, 2026: no consistency rule.
• Accounts purchased from September 9, 2026: 40% consistency rule.
• Promotional giveaway accounts: 40% consistency rule.

Professional Stage

• No consistency rule.

Lab Plans

• Sniper 25K: no consistency rule.
• Accelerate 25K: 25% consistency requirement.
• Payday 50K: 40% consistency requirement.

Velocity

• Evaluation and Simulated Funded: 40% lifetime consistency. No consistency rule with the Daily Payout Add-On.

Premier+ Evaluation

• No consistency rule on FastPass or Standard evaluations.

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.

• Bots / algorithmic trading
• Hedging
• Trading within 2% of CME price limits
• Straddles / strangles exploiting news volatility
• Excessive Dollar Cost Averaging (DCA) into losing positions
• Micro-scalping: over 50% of trades and over 50% of profits must come from positions held longer than 20 seconds
• Unauthorized group trading / signal services

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

Overnight trading is allowed. All positions must be closed by 4:15 PM EST daily (automatic close if not closed manually). Trading resumes at 6:00 PM EST. Weekend trading is not permitted; all positions must be closed before Friday 4:15 PM EST.