Which account gets the 30% discount?

FUNDEDPROGRAM gives Classic 30% off: $62.30/$89.60/$188.30. Daily uses FUNDEDPROGRAM for 40% off: $59.40/$119.40/$197.40. Spark uses FUNDEDPROGRAM for 20% off: $35.20/$59.20. Merit has no offer; codes are not stacked. Confirm the actual checkout and renewal quote.

What is the difference between the four families?

Classic is monthly, 90% share and weekly payouts after five counted days. Daily has an 80% share and per-day profit maturity. Spark is one-time plus $29 activation, with 30% funded consistency and bi-weekly payouts. Merit is a 30-day discretionary route directly to Live if approved.

Is a Pre-Funded account live brokerage capital?

No. Challenge and Pre-Funded are simulated. Live follows the applicable milestone and risk approval. Buying a nominal 25K or 100K tier does not create that amount of personal or brokerage cash.

How much of each payout is mine?

Classic and Spark pay 90%, Daily 80%. Merit starts at 50/50 until the live starting capital has been repaid through the firm’s half, then moves permanently to 80%. On Merit 2K this first phase lasts until $4,000 gross cumulative withdrawals.

Does Daily really pay every day?

Requests can be made on trading days once eligible matured profit is available above the locked buffer. Each ordinary green day waits three trading days; qualifying windfalls wait five. The $75 minimum, tier cap and $1,000 aggregate daily trader cap remain.

What platforms and data are included?

Phoenix lists Odin, Quantower, ATAS, Tradovate, Rithmic, NinjaTrader and Volumetrica tools. Compatibility depends on the feed. Daily and Merit are TFeed-only; TFeed requires your own data-enabled leader. dxFeed includes Level 1 and sells optional Level 2 separately.

Does EOD ignore intraday losses?

No. EOD describes when the floor is raised. Stay above the current floor while trading. Classic/Spark payout policies lock the floor at the original balance no later than the first withdrawal. Spark funded trailing follows unrealized intraday highs.

Can Spark pass without a consistency test?

The Spark challenge has no consistency requirement and one minimum trading day. The Pre-Funded stage has a 30% best-day rule and five qualifying days before a payout. Those are different stages.

Is Daily a one-time purchase?

Its current cards say one-time, while the monthly billing FAQ says Daily renews automatically. The legal terms say the checkout purchase type and renewal amount control. The review labels this conflict and does not guarantee a non-recurring purchase.

What does a reset cost?

Catalog: Classic $89/$128/$269, Spark $29/$59, Daily $59/$114/$189. Daily’s rule article instead quotes $39/$69/$99. Check the dashboard and banked coupons. Merit has no reset. No 30% reset discount or funded reset is assumed.

How quickly will a payout arrive?

The dedicated payment-processor FAQ says allow 2–3 business days for processing, then provider settlement. Marketing pages mention faster transfers; those are not a guaranteed arrival time. Payoneer, Wise and PayPal are listed; PayPal has a $2,000 monthly cap. No crypto payouts.

Does Merit have a guaranteed funding target?

No. It has no profit target and the risk team decides after a 30-day assessment. Live funding is discretionary. The card’s $2,000 is the account size and proposed live allocation, not a purchase of $2,000 withdrawable cash.

May I copy my own accounts?

Yes, within feed and line limits. Same-direction copying is allowed; hedging across accounts, rolling accounts and cross-account loss recovery are prohibited. TFeed copying is designed around a leader account that you provide.

Can I trade news or hold overnight?

News and scalping are allowed. Overnight and weekend positions are not, across every family and stage. The separate 2% price-limit buffer also restricts trading near exchange limit zones.

Are all sales non-refundable?

Generally non-refundable after service delivery, but the current legal Billing Terms expressly allow duplicate-charge, billing-error, non-delivery, unauthorized-payment and legally required refunds. These exceptions qualify the older FAQ’s absolute no-refund wording.

How does Merit pay once approved?

Live only: $1 minimum request, no maximum, no buffer and no waiting period, up to ten requests per day under its payout article. Its adaptive split still applies; processor fees are covered above $500. Overnight/weekend rules remain.

TRADERPAYOUT · FIRM REVIEW

Phoenix Trader Funding.Rules, costs & payouts.

Compare Classic, Daily, Spark and Merit costs, drawdown models and the conditions behind each payout route.

Source review: October 2026

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01 / RESEARCH

Four families.
Four different payout paths.

Classic is monthly. Spark is one-time plus activation. Daily has profit maturity. Merit requires discretionary review.

Filter by account family, then choose all plans or a specific account. Selecting an account filters the cards and updates the examples below. The coupon switch compares current list prices with Classic’s FUNDEDPROGRAM quote.

Account family

Accounts shown & examples

Coupon appliedSelected family coupon

Classic: FUNDEDPROGRAM 30% off. Daily: FUNDEDPROGRAM 40% off. Spark: FUNDEDPROGRAM 20% off. The switch uses FUNDEDPROGRAM at the selected family’s discount rate. Daily billing and reset figures conflict across official pages, so confirm the checkout and dashboard amounts.

Swipe to compare plans

Compare this account familyAll plans · current coupon state

02 / RESEARCH

Know when the floor moves.
And when it locks.

The same account can change drawdown behavior after passing. Keep the active floor separate from the payout buffer.

Platforms, feeds and tools.

Odin, Quantower, ATAS, Tradovate, Rithmic, NinjaTrader and Volumetrica tools are listed by Phoenix. Feed compatibility matters: Daily and Merit are TFeed-only. TFeed copies execution from your own data-enabled leader and carries no data itself. dxFeed Level 1 is included; optional Level 2 costs extra.

The selected account’s route to Live

03 / RESEARCH

The split is one part.
The gates matter too.

Compare counted days, locked buffers, per-request caps and the Daily maturity clock before choosing a payout frequency.

At the selected account

Illustrative calculations are not expected results. Account and trader caps, approved balances and processor deductions still apply.

All account payout rules

Classic, Daily, Spark and Merit

Requests, review and settlement

Eligibility is separate from the provider’s delivery time.

04 / RESEARCH

What you pay to enter.
And after passing.

Monthly Classic fees, one-time Spark and Merit prices, activation, resets and external data costs have different terms.

05 / RESEARCH

The rules that matter.

Read each family separately. A Classic benefit does not automatically carry over to Daily, Spark or Merit.

06 / RESEARCH

Challenge to Pre-Funded.
Then reviewed Live capital.

Classic, Daily and Spark begin in simulation. Merit has a separate selection route with no funding guarantee.

07 / RESEARCH

Your questions, answered.

Grouped by what you are trying to do, from choosing an account to requesting a payout.
Every answer links to its official Phoenix Trader Funding source.

08 / RESEARCH

The evidence behind this review.

Official Phoenix Trader Funding links referenced in this review.

Official sources