What is the Phoenix Challenge?
Phoenix is our premium two-phase evaluation designed for traders who prefer Static Maximum Loss, a fixed boundary that doesn't chase your equity. With only 8% total profit target and 10% static drawdown, it's one of the most trader-friendly 2-step challenges available.
Key benefits:
10% Static Maximum Loss in Challenge, 6% in Funded
Only 8% total profit target (3% + 5%)
1:100 leverage
99% profit split
No time limit
Funding up to $1,000,000
Phoenix vs Competitors
Feature | Phoenix | FTMO 2-Step | Others |
Price ($100K) | $249 | $632 | $400 - $600 |
Total Profit Target | 8% | 15% | 10% - 20% |
Maximum Loss | 10% 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 |
Max Account Size | $1,000,000 | $200K | $200K - $400K |
Who Is Phoenix For?
Phoenix is designed for traders who prefer Static Maximum Loss, a fixed boundary that doesn't move with your equity.
With Static Maximum Loss:
Your stop-out level is fixed at 10% below starting balance (6% in Funded)
Making profits does NOT move your stop-out level
You have consistent room to manage risk your own way
Perfect for swing traders and those holding positions longer
Some traders manage risk through position sizing and prefer a fixed boundary. If that's you, Phoenix is your challenge.
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 |
Profit Target | 3% | 5% | No target |
Min Trading Days | 3 days | 3 days | Not required |
Daily Drawdown | 4% | 4% | 3% |
Static Maximum Loss | 10% | 10% | 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
Profit Target: 3%
Reach a 3% profit on your account balance. All positions must be closed to count toward the target.
Example: On a $100,000 account, you need to make $3,000 profit.
Minimum Trading Days: 3 days
You must complete 3 trading days before passing the phase, even if you hit the profit target earlier.
Time Limit: Unlimited
Take as long as you need. No countdown, no pressure.
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 Maximum Loss: 10%
Your account has a fixed maximum loss limit of 10% from your starting balance. This limit never moves, regardless of how much profit you make.
How it works:
Your stop-out level is set at 10% below your initial balance
This level remains fixed for the entire phase
Making profits does NOT raise your stop-out level
You have consistent room to trade through normal drawdowns
Example on a $100,000 account:
Scenario | Equity | Stop-Out | Distance |
Start | $100,000 | $90,000 | $10,000 |
Profit +$5,000 | $105,000 | $90,000 | $15,000 (safe) |
Drawdown -$8,000 | $97,000 | $90,000 | $7,000 (safe) |
Further -$8,000 | $89,000 | $90,000 | BREACH |
Key point: The stop-out level stays at $90,000 even when equity rises. This gives you freedom to trade through drawdowns without constantly worrying about a moving target.
Phase 2
Profit Target: 5%
Reach a 5% profit on your account balance. All positions must be closed.
Example: On a $100,000 account, you need to make $5,000 profit.
Minimum Trading Days: 3 days
Same as Phase 1. You must complete 3 trading days.
Daily Drawdown: 4%
Same as Phase 1.
Static Maximum Loss: 10%
Same as Phase 1.
How Trading Days Count (Challenge Only)
A trading day is counted only if all of the following conditions 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 P/L) |
Open Trades | Do not count toward the trading day |
Time Zone | UTC (00:00 to 23:59) |
Trades Crossing Midnight | Count for the day they are closed |
Important: Even if you reach the profit target before completing the required minimum trading days, you must continue trading until all minimum trading days have been fulfilled.
Example: If you reach the 3% profit target in Phase 1 on Day 1, you still need to complete at least 2 more trading days to successfully finish the phase.
Your phase is not considered complete until both conditions are met:
Profit Target is reached
Minimum Trading Days fulfilled (3 days per phase)
Funded Phase
Once you pass both phases, the following rules apply:
Daily Drawdown: 3%
Tighter than the challenge phase to ensure disciplined trading with our capital.
Example: On a $100,000 funded account, your maximum daily loss is $3,000.
Static Maximum Loss: 6%
In the funded phase, your static maximum loss is tighter at 6% to protect our capital.
How it works:
Stop-out level is fixed at 6% below your initial funded balance
This level never moves, regardless of profits
Provides consistent risk management
Example: On a $100,000 funded account, your stop-out level is $94,000.
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 |
Note: Splitting trades into multiple positions on the same instrument in the same direction counts as one trade.
Violating this rule is a HARD BREACH and will lead to account termination.
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
Best Day Rule: 20%
No single trading day can represent more than 20% of your total withdrawal amount.
Important: 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 trading day must be $2,000 or less.
Note: Trying to bypass the Best Day Rule by intentionally splitting a large winning position (hedging or closing parts separately) is not allowed.
Profit Split: 99%
You keep 99% of all profits generated in your funded account.
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
Account Activation
After passing both challenge 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.
Why Choose Phoenix?
Static Maximum Loss: fixed boundary that doesn't chase your equity
Lower profit target: only 8% total vs 10%+ at competitors
Real leverage: 1:100
No time pressure: take a week, a month, or a year
Scale instantly: accounts from $10K to $1M
99% profit split: keep almost everything