What is Phoenix Legacy?
Phoenix Legacy is a two-step evaluation designed for traders who want a structured path to funding with fixed, easy to follow risk limits.
Who is Phoenix Legacy for?
A structured 2-step progression. Phase 1, then Phase 2. Simple milestones, no guessing.
Static Maximum Loss. Your drawdown limit is fixed from the start. It does not move with your equity.
No time pressure. Unlimited time, no countdown.
Key Numbers
Feature | Phoenix Legacy |
Total Profit Target | 13% (8% + 5%) |
Minimum Trading Days | 5 days per phase |
Daily Drawdown | 4% |
Static Drawdown | 5% |
Leverage | Up to 1:100 |
Time Limit | Unlimited |
Funded Profit Split | Up to 99% |
Funding Sizes
$10,000 · $25,000 · $50,000 · $100,000 · $200,000 · $300,000 · $400,000 · $500,000 · $600,000 · $700,000 · $800,000 · $1,000,000
Rules Overview
Parameter | Phase 1 | Phase 2 | Funded Phase |
Profit Target | 8% | 5% | No target |
Minimum Trading Days | 5 days | 5 days | Not required |
Daily Drawdown | 4% | 4% | 4% |
Maximum Loss (Static) | 5% | 5% | 5% |
Max Single Trade Loss | Not applied | Not applied | 3% |
Payout Requirement | Not applied | Not applied | 1% |
Best Day Rule | Not applied | Not applied | 30% |
News Trading | Allowed | Allowed | Allowed |
Weekend Holding | Allowed | Allowed | Allowed |
Leverage | Up to 1:100 | Up to 1:100 | Up to 1:100 |
Time Limit | Unlimited | Unlimited | Unlimited |
Profit Split | Not applied | Not applied | Up to 99% |
Phase 1
Profit Target: 8%
Reach an 8% profit on your account balance. All positions must be closed.
Minimum Trading Days: 5 days
A minimum of 5 trading days are required to complete Phase 1.
Daily Drawdown: 4%
Maximum loss allowed within a single trading day (00:00 to 23:59 UTC).
Example: On a $100,000 account, your maximum daily loss is $4,000.
Static Drawdown: 5%
A fixed maximum loss limit calculated from your starting balance. It does not trail, and it does not move up with profits.
Example: On a $100,000 account, your static drawdown limit is $5,000. If your equity or balance drops below $95,000, the account is considered breached.
Phase 2
Profit Target: 5%
Reach a 5% profit on your account balance. All positions must be closed.
Minimum Trading Days: 5 days
A minimum of 5 trading days are required to complete Phase 2.
Requirements
Same rules as Phase 1:
Daily Drawdown: 4%
Static Drawdown: 5%
Funded Phase
Once you pass both phases, the same drawdown rules continue to apply:
Daily Drawdown: 4%
Static Drawdown: 5%
Payout Requirement: 1%
Before requesting your first or any subsequent payout, you must generate at least 1% profit calculated from your initial balance.
Account Size | Min Profit Before Payout |
$25,000 | $250 |
$50,000 | $500 |
$100,000 | $1,000 |
$200,000 | $2,000 |
$500,000 | $5,000 |
How it works:
No minimum trading days in funded phase
Trade at your own pace
Applies to each payout separately
Resets after each successful withdrawal
Only closed trades count
Max Single Trade Loss: 3%
In the funded phase, you must not lose more than 3% of your initial funded balance in a single trade.
Violating this rule is a hard breach and leads to account termination.
Example: On a $100,000 funded account, the maximum loss allowed on any single trade is $3,000.
Best Day Rule: 30%
To be eligible for a payout, no single trading day can represent more than 30% of your total profits.
Important: This is a SOFT rule. It does NOT breach your account. It only delays your payout until your profit distribution becomes more balanced.
Trying to bypass it by splitting a large winning position (hedging, partial closes, etc.) is not allowed. The profit may be treated as if it was closed on a single day.
Profit Split: Up to 99%
You keep up to 99% of profits generated in your funded account.
How Trading Days Count
A trading day is counted only if all conditions below are met:
Requirement | Condition |
Minimum Closed Profit | More than 1% of the initial account balance |
Minimum Activity | At least one closed trade |
Calculation Basis | Only closed trades count (realized PnL) |
Open Trades | Do not count toward the trading day |
Time Zone | UTC (00:00 to 23:59) |
Trades Crossing Midnight | Count for the next trading day |
Important: Even if you reach the profit target before completing the minimum trading days, you must continue trading until all required trading days are completed.
Your phase is not considered complete until both conditions are met:
Profit Target is reached
Minimum Trading Days are fulfilled
Account Activation
After passing both phases:
Step | Duration |
Pass Both Phases | Depends on you |
KYC Verification | 2-4 minutes |
Trader Agreement | Instant (one click) |
Compliance Review | 24-48 hours |
Note: KYC and Trader Agreement are one-time only. Not required for future accounts.
Quick Summary
Rule | Phase 1 | Phase 2 | Funded |
Profit Target | 8% | 5% | None |
Min Trading Days | 5 | 5 | None |
Daily Drawdown | 4% | 4% | 4% |
Static Drawdown | 5% | 5% | 5% |
Max Trade Loss | Not applied | Not applied | 3% |
Payout Requirement | Not applied | Not applied | 1% |
Best Day Rule | Not applied | Not applied | 30% |
Leverage | 1:100 | 1:100 | 1:100 |
Profit Split | Not applied | Not applied | 99% |
Need help? Contact our support team anytime.