Phoenix Legacy Complete Rules and Overview

$5,000 · $10,000 · $25,000 · $50,000 · $100,000 · $200,000 · $300,000 · $400,000 · $500,000 · $600,000 · $700,000 · $800,000 · $900,000 · $1,000,000

Profit Target: 3% Reach a 3% profit on your account balance. All positions must be closed.

Daily Drawdown: 5% 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 $5,000.

Dynamic Risk Shield™: 10% Your account is protected by a trailing drawdown that moves with your equity. It starts 10% below your initial balance and moves up as you make profits. It never moves down, and it locks at your initial balance once it reaches that level.

Profit Target: 2% Reach a 2% profit on your account balance. All positions must be closed.

Requirements Same rules as Phase 1:

Your shield is calculated on equity, not balance. Open trades count.

How it works:

Example on a $100,000 account:

Once your equity grows enough that 10% below it equals your initial balance, the shield locks there permanently and no longer trails.

Minimum Trading Days: 5 You need at least 5 valid trading days before you can request a payout. A trading day only counts as valid if it meets the Daily March threshold below.

Daily March: 0.5% A day is only counted toward your minimum trading days if the account achieves at least +0.5% realized profit for that day. Days where you trade but don't reach the 0.5% threshold do not count toward the 5-day requirement.

Example: On a $100,000 funded account, a trading day only counts if the realized profit from closed trades is at least $500.

Payout Requirement: 1% Before requesting your first or any subsequent payout, you must generate at least 1% profit calculated from your initial balance.

How it works:

Max Single Trade Loss: 2% In the funded phase, you must not lose more than 2% 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 $2,000.

Best Day Rule: 20% To be eligible for a payout, no single trading day can represent more than 20% 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.

This is critical: withdrawing profits does not reset your Dynamic Risk Shield™. The drawdown level stays where it is.

Your $100,000 funded account grows to $104,000. Your Dynamic Risk Shield™ is now at $93,600 ($104,000 − 10%).

You withdraw the full $4,000 profit. Your balance returns to $100,000.

Result: Your drawdown limit stays at $93,600. You now have only $6,400 of available drawdown, not the original $10,000.

Your $100,000 funded account grows to $112,000. Because your equity grew enough, your Dynamic Risk Shield™ locks at $100,000.

You withdraw your entire $12,000 profit. Your balance returns to $100,000.

Result: Your account is immediately breached. Your balance ($100,000) equals your drawdown limit ($100,000), leaving zero room for any loss.

Always leave a buffer in your account after the shield locks.

After passing both phases:

Note: KYC and Trader Agreement are one-time only. Not required for future accounts.

This product, like all Upcomers programs, is subject to our standard trading rules and policies. These include our framework on prohibited strategies and our guidelines on responsible trading and gambling-style behavior, both of which apply across all our challenges, funded accounts, and instant funding products.

We recommend reviewing both articles before you begin trading:

Prohibited strategies: https://help.upcomers.com/en/articles/8703143-what-trading-strategies-are-prohibited-at-upcomers

Rules restricting gambling: https://help.upcomers.com/en/articles/11484528-rules-restricting-gambling