Phoenix is our premium two-phase evaluation with Static Maximum Loss a fixed boundary that doesn't chase your equity. 12% drawdown in challenge, 6% in funded, 1:100 leverage, and a 99% profit split.
No time limit. No minimum trading days. Hit the target and you're funded.
Phoenix vs The Rest
Feature | Phoenix | FTMO 2-Step | Others |
Price ($100K) | $249 | $632 | $400 - $600 |
Total Profit Target | 6% | 15% | 10% - 20% |
Maximum Loss | 12% STATIC | 10% | 8% - 10% |
Leverage | 1:100 | 1:100 | 1:30 - 1:50 |
Profit Split | 99% | 80% - 90% | 80% - 90% |
Time Limit | Unlimited | Unlimited | 30 - 60 days |
Min Trading Days | None | 4+ days | 3 - 10 days |
Max Account Size | $1,500,000 | $200K | $200K - $400K |
$249 for a $100K evaluation. Less than half what FTMO charges. Better rules. Higher split. Bigger accounts.
Who Is Phoenix For?
Traders who want a fixed line in the sand.
With Static Maximum Loss, your stop-out level is set at 12% below your starting balance. It stays there. Making profits doesn't move it. You always know exactly how much room you have.
No moving targets. No surprises. Just consistent risk management on your terms.
Perfect for swing traders, position holders, and anyone who manages risk through sizing rather than tight stops.
Funding Sizes
$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 · $1,250,000 · $1,500,000
The Rules
Parameter | Phase 1 | Phase 2 | Funded |
Profit Target | 3% | 3% | No target |
Min Trading Days | Not required | Not required | Not required |
Daily Drawdown | 6% | 6% | 3% |
Static Maximum Loss | 12% | 12% | 6% |
Max Trade Risk | Not applied | Not applied | 3% |
Best Day Rule | Not applied | Not applied | 20% |
Payout Requirement | Not applied | Not applied | 1% |
Leverage | 1:100 | 1:100 | 1:100 |
Profit Split | Not applied | Not applied | 99% |
Phase 1 - Make 3%
Profit Target: 3% Reach a 3% profit on your account balance. All positions must be closed to count toward the target.
On a $100,000 account, that's $3,000.
Time Limit: Unlimited
No countdown. No pressure. Take a day or take a year.
Daily Drawdown: 6% Maximum loss allowed within a single trading day (00:00 to 23:59 UTC).
On a $100,000 account, your daily limit is $6,000.
Static Maximum Loss: 12%
Your stop-out level is fixed at 12% below your starting balance. It never moves - no matter how much profit you make.
Here's what that looks like on a $100,000 account:
Scenario | Equity | Stop-Out | Distance |
Start | $100,000 | $88,000 | $12,000 |
Profit +$5,000 | $105,000 | $88,000 | $17,000 (safe) |
Drawdown -$8,000 | $97,000 | $88,000 | $9,000 (safe) |
Further -$8,000 | $89,000 | $88,000 | $1,000 (safe) |
Further -$2,000 | $87,000 | $88,000 | BREACH |
The stop-out stays at $88,000 even when equity rises. That's the whole point. You trade with certainty, not anxiety.
Phase 2 - Make 3%
Same rules as Phase 1. Same daily drawdown. Same static maximum loss. Same profit target.
On a $100,000 account, that's $3,000. Close your positions, hit the number, and you're through.
Funded Phase - This Is Where It Counts
You passed. Now the rules tighten
Daily Drawdown: 3%
On a $100,000 funded account, your maximum daily loss is $3,000.
Static Maximum Loss: 6%
Your stop-out is fixed at 6% below your initial funded balance. On a $100,000 account, that's $94,000. It never moves.
Max Single Trade Loss: 3%
No single trade may exceed 3% loss of your initial funded balance.
Account Size | Max Risk Per Trade |
$100,000 | $3,000 |
$200,000 | $6,000 |
$500,000 | $15,000 |
Splitting trades into multiple positions on the same instrument in the same direction counts as one trade. Violating this rule is a HARD BREACH - your account will be terminated.
Payout Requirement: 1%
Generate at least 1% profit from your initial balance before each withdrawal.
Account Size | Min Profit Before Payout |
$25,000 | $250 |
$50,000 | $500 |
$100,000 | $1,000 |
$200,000 | $2,000 |
$500,000 | $5,000 |
No minimum trading days. Trade at your pace. Applies to each payout separately. Resets after each withdrawal. Only closed trades count.
Best Day Rule: 20%
No single trading day can represent more than 20% of your total withdrawal amount.
This is a SOFT rule. It does NOT breach your account. It only delays your payout until your profit distribution is more balanced.
Example: You want to withdraw $10,000. Your best day must be $2,000 or less.
Trying to bypass this by splitting a large winning position - hedging or closing parts separately - is not allowed.
Profit Split: 99%
You keep 99% of everything you make.
Funded Breach Conditions
Your account will be terminated if:
Equity drops below Static Maximum Loss (6%)
Daily loss exceeds 3%
Single trade loss exceeds 3%
Prohibited trading strategy detected
From Challenge to Funded
Step | Duration |
Pass Both Phases | Depends on you |
KYC Verification | 2-4 minutes |
Trader Agreement | Instant (one click) |
Compliance Review | 24-48 hours |
KYC and Trader Agreement are one-time only. Not required for future accounts.
Why Choose Phoenix?
Static Maximum Loss: fixed boundary that doesn't chase your equity
Lower profit target: only 6% total vs 10%+ at competitors
No minimum trading days: hit the target and you're done
Real leverage: 1:100
No time pressure: take a week, a month, or a year
Scale instantly: accounts from $10K to $1.5M
99% profit split: keep almost everything