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PHOENIX TRADER FUNDING – OVERVIEW (AS OF JULY 2025)
🏢 GENERAL INFORMATION
- Type: Futures prop firm offering two evaluation tracks—Classic Challenge and Ascension Challenge
- Markets: CME micro and mini futures across popular platforms
- Ideal For: Approachable solution for both new and experienced traders, with fast-track evaluation and scalable funding
💸 ACCOUNT TYPES & PRICING
🔹 Classic Challenge
- Account Sizes: $50k, $100k, $150k
- Monthly Fee: Approx. $89 / $199 / $284
- Profit Targets: $3k / $6k / $9k respectively
- Drawdown: EOD trailing ($2k / $3k / $4.5k)
- Daily Drawdown & Consistency Rule: None
- Minimum Winning Days: 3 days at ≥ $200 profit
- Contracts Allowed: 5 / 10 / 15 minis
🔹 Ascension Challenge
- Account Sizes: $50k and $150k
- Monthly Fee: Approx. $270 / $540
- Activation Fee: Paid only upon passing (no upfront fee)
- Profit Targets: $4k on $50k; $10k on $150k
- Drawdown: Fixed total drawdown ($2k / $4k), no trailing
- Daily Drawdown Cap:
- $625 → $1,125 on $50k
- $1,250 → $2,250 on $150k
- Consistency Rule: 30% max single-day gain
- Minimum Trading Days: 10
- Contracts Scaling:
- $50k: 2 → 3 minis after $2.5k profit
- $150k: scales 3 → 4 → 5 minis at profit thresholds
📋 TRADING RULES (Both Programs)
- Strategy Types: News trading allowed; no scalping duration limit; DCA, flipping permitted
- News Blackout: No entries or holds within ±2 minutes of Tier 1 news
- Automation: Proprietary tools supported; HFT or proxies disallowed
- Reattempts/Resets:
- Classic includes free resets
- Classic includes free resets
💰 PAYOUT & FUNDING STRUCTURE
Classic
- Free resets & unlimited paper accounts during subscription
- Scaling possibility after funding
- Payout Methods: Payoneer, crypto transfers
Ascension
- Scaling built-in via increasing contracts and drawdown
- Withdrawals post-pass – proceeds via Payoneer or crypto
- No upfront fee until profit achieved
✅ PROS
- Classic: fast-track evaluation with few rules, suitable for breakout traders
- Ascension: scalable framework with built-in growth incentives
- User-friendly model—no daily drawdown on Classic and sound scaling on Ascension
- Multiple proprietary tools and support included
⚠️ CONS
- Monthly fees required until passing challenges
- News blackout and no hedging during that window
- Consistency caps may limit large single-day swings
- Ascension fixed drawdown and daily limits require strategic pacing
🧠 CONCLUSION
Phoenix Trader Funding offers flexibility for traders of all experience levels. The Classic Challenge is ideal for fast completion with minimal restrictions, while Ascension provides a structured growth path with scalable accounts. With no daily drawdown in Classic and innovative scaling in Ascension, it’s a versatile choice with supportive tools and transparent rules.
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