Futures firms comparator

Goldcrest Executive Building, Office No. 1210, JLT, Cluster C, Dubai, United Arab Emirates

Paris

Jakub Rož

Léon Grimm

United Arab Emirates

France

Proprietary platform For Traders X. Liquidity provider not publicly disclosed.

No traditional refund. No activation fee after passing Fast/Fast Pro.

• Crypto ($100 – $499): $25
• Rise $500 or more: $50

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

• Futures Fast: on-demand (after 5 profitable days and offsetting trailing drawdown)
• Futures Instant: on-demand (after 7 profitable days)
• Futures Fast Pro: on-demand (after 1 profitable day, balance > $52K)

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.

48 hours: if not paid within 48h, 100% profit split

• Minimum: $100 in wallet
• Maximum per cycle by product:
  · Futures Fast 25K: $800
  · Futures Fast 50K: $1,500
  · Futures Fast 100K: $2,500
  · Futures Instant 25K: $1,500
  · Futures Instant 50K: $3,000
  · Futures Instant 100K: $4,500
  · Futures Fast Pro 50K: $250-$1,200 per cycle, final $10,000 (max 5 withdrawals)

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

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.

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.

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.

Per-contract margins set by underlying instrument. Position size capped per account size.

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.

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

Scaling unlocked through the Loyalty Program (5 tiers: Starter, Rising Star, Pro, VIP, Legend). Increments depend on tier. Applies to all account types.

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

• Futures Fast: $1,000 (25K) / $2,000 (50K) / $2,500 (100K), trailing
• Futures Fast Pro: $2,000 EOD trailing (50K)
• Futures Instant: 5% EOD trailing

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.

All futures products: 80%

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 Merit: 50% until the trader has withdrawn twice the starting balance, then 80%.

• Futures Fast: none
• Futures Fast Pro: $1,000 (50K)
• Futures Instant: 3% from highest day equity

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

$300,000 combined across all Master Accounts and Instant Models (Forex + Crypto + Futures shared cap). No allocation limit during Challenge phase.

No mandatory buffer. Instead, when you request a payout your maximum trailing drawdown locks at your starting balance.

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

No time limit on any futures account.

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

• Futures Fast Challenge: 5 profitable days before reward request
• Futures Fast Pro: 1 profitable day per reward request (50K)
• Futures Instant: 7 profitable days

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.

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.

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.

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

Phoenix Extra: PHX earned for ideas and ambassador work, usable on accounts, resets and activation fees. Not convertible to cash.

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.

EAs allowed only as decision-support tools (alerts, partial management, predefined rules). Fully autonomous trading bots are prohibited.

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.

Cross-account hedging is forbidden.

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

Manual scalping allowed with minimum 5-second hold per trade. Tick scalping and HFT forbidden.

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.

Martingale strategies are forbidden.

Allowed within a single account, also DCA. Prohibited across accounts.

Position size capped by contract count per account (see Max Allocation).

Outbound copy allowed; inbound copy from external sources forbidden.

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

News trading allowed without restrictions on Futures accounts.

Including Tier 1 releases, at every stage.

• Futures Fast Challenge: 7 days
• Futures Fast Master: 14 days
• Futures Fast Pro Challenge: 7 days / Master: 14 days
• Futures Instant: 7 days

Days counted from the moment a position is CLOSED, not opened. Minimal 0.01-lot trades to game the rule don't count.

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).

• Futures Fast Challenge: best day's profit must be < 40% of total accumulated profit. No consistency target on Master.
• Futures Fast Pro Challenge: same 40% rule.
• Futures Instant: best day cannot exceed 15% of total profit.
• Calculation: Best Day Profit / 0.40 = Minimum required total profit.

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.

Weekend holds are unrestricted.

• Arbitrage (latency, reverse, statistical)
• HFT
• Tick scalping (under 5 seconds)
• Fully autonomous bots/EAs
• Cross-account hedging
• Gambling behaviors
• Martingale
• Inbound copy trading and signal services
• Group/signal trading from Telegram, Discord etc.

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.