About Phoenix Trader Funding

Company Information

• Company Name: Phoenix Trader Funding
• Company Legal Name: Phoenix Trading Funding
• Company Registration No.: Paris B 978 715 332
• Operating Since: November 2023

Challenge Details

Phoenix Trader Funding offers two different challenge accounts: Classic and Ascension.

Classic Challenge

Price:

• $50,000: $89/month

Rules:

• Max Contracts: 5 (50 micros)
• Profit Goal: $3,000
• Trailing Drawdown (EOD): $2,000
• Daily Drawdown: No
• Consistency Rule: No
• Minimum Winning Days: 3
• Reset Fee: $49

 

Price:

• $100,000: $199/month

Rules:

• Max Contracts: 10 (100 micros)
• Profit Goal: $6,000
• Trailing Drawdown (EOD): $3,000
• Daily Drawdown: No
• Consistency Rule: No
• Minimum Winning Days: 3
• Reset Fee: $99

 

Price:

• $150,000: $284/month

Rules:

• Max Contracts: 15 (150 micros)
• Profit Goal: $9,000
• Trailing Drawdown (EOD): $4,500
• Daily Drawdown: No
• Consistency Rule: No
• Minimum Winning Days: 3
• Reset Fee: $149

Ascension Challenge

Price:

• $50,000: $270/month

Rules:

• Max Contracts: From 2 to 3
• Profit Goal: $4,000
• Trailing Drawdown (EOD): No
• Total Drawdown: $2,000
• Daily Drawdown: $625 - $1,125
• Activation Fee: None
• Consistency Rule: 30%
• Minimum Calendar Days: 10
• Reset Coupons: Yes
• Unlimited Practice Accounts: Yes
• Reset Fee: $270

 

Price:

• $150,000: $540/month

Rules:

• Max Contracts: From 3 to 5
• Profit Goal: $10,000
• Trailing Drawdown (EOD): No
• Total Drawdown: $4,000
• Daily Drawdown: $1,250 - $2,250
• Activation Fee: None
• Market Data (Level 1): Yes
• Reset Banking: Yes
• Consistency Rule: 30%
• Minimum Calendar Days: 10
• Reset Coupons: Yes
• Unlimited Practice Accounts: Yes
• Reset Fee: $540

Scaling Plan

Phoenix Trader Funding offers a unique scaling plan exclusive to Ascension accounts. This plan enhances the trader's position size and daily drawdown based on your performance. Here's the breakdown:

Modification of Maximum Position Size:

• $50,000 Account:

1. Start with 2 minis (20 micros).
2. Once you hit $2,500 profit, your position increases to 3 minis (30 micros).

• $150,000 Account:

1. Start with 3 minis (30 micros).
2. At $2,000 profit, your position increases to 4 minis (40 micros).
3. At $6,000 profit, it increases to 5 minis (50 micros).

Modification of Daily Drawdown:

• $50,000 Account:

1. Initial drawdown: $625.
2. Once profit exceeds $2,500, it increases to $1,125.

• $150,000 Account:

1. Initial drawdown: $1,250.
2. At $2,000 profit, it increases to $1,750.
3. At $6,000 profit, it increases to $2,250.

This scaling plan makes Phoenix Trader Funding stand out by allowing traders to adapt their strategies based on profits and risks.

News Trading Rules:

Phoenix Trader Funding enforces strict rules around Tier 1 news events. Traders must not open or hold positions two minutes before and two minutes after major news announcements. Violating this rule can result in disqualification from both challenge and funded accounts.

Other Important Rules

Daily Drawdown Calculation:

• Classic Challenge: No daily drawdown limits.
• Ascension Challenge: The daily drawdown is calculated based on the trailing drawdown and adjusts with your profits.

Countries Banned from Purchasing:

Phoenix Trader Funding does not accept traders from the following countries:

• Afghanistan
• Armenia
• Belarus (Belarus)
• Burma (Myanmar)
• Bosnia and Herzegovina
• Burundi
• North Korea
• Ivory Coast (Côte d'Ivoire)
• Cuba
• Egypt
• Eritrea
• Ethiopia (certain sectors)
• Georgia (specific territories of Abkhazia and South Ossetia)
• Guinea
• Haiti
• Iran
• Iraq (certain entities)
• Lebanon
• Libya
• Mali
• Nicaragua
• Nigeria
• Central African Republic
• Russia
• Somalia
• Sudan
• South Sudan
• Syria
• Tunisia
• Ukraine (specific territories of Crimea and Donetsk/Luhansk)
• Venezuela
• Yemen
• Zimbabwe

Prohibited Trading Strategies:

In the challenges, no trading strategy is prohibited. However, funded accounts may face restrictions if excessive martingale use is detected. This doesn’t mean traders are banned from using martingale, but excessive and deliberate use may delay or nullify payouts.

Payout Methods

Phoenix Trader Funding offers two payout options:

• Payoneer: For secure bank transfers.
• Cryptocurrency: Processed in-house for faster, secure payouts.

Trading Commissions

Trading commission in phoenix trader funding can vary based on the instrument, we advice traders to read the commission rates of their favorite instruments from here - https://phoenixtraderfunding.com/faq/detail/5/66

IP Rule

As of May 26, 2024, using VPS, PVS, or proxy devices to mask identity is strictly prohibited by Phoenix Trader Funding. Accounts using such tools will not be funded or paid out.

Trading Platform

Phoenix Trader Funding offer more than 20 trading platforms and these are as follows :- 

• QScalp
• Tslab
• Collective2
• Investor/RT
• Multicharts
• Overcharts
• MedvedTrader
• PhotonTrader
• OptimusFlow
• Quantower
• AgenaTrader
• SierraChart
• VolFix.Net
• MotiveWave
• ScalpTool
• TradeNavigator
• Atas
• InsideEDGETrader
• R| Trader / R | Trader Pro
• Bookmap
• Tiger.Trade