Phoenix Trader Funding has added the ability to choose a custom daily loss limit on its 25K evaluation, available through Phoenix Labs.
Traders configuring a 25K evaluation can now set their own daily loss limit rather than using a single fixed figure, giving more control over risk parameters before starting the evaluation.
Phoenix Trader Funding did not specify the range of daily loss limits traders can choose from, or whether this customization will extend to other account sizes.
Being able to set a daily loss limit rather than accepting a fixed one gives traders more room to match the evaluation's risk parameters to their own trading style, though the practical value depends heavily on the range of options actually available, information not yet published. We will update this piece once Phoenix Trader Funding publishes the specific range of daily loss limits available and whether the feature extends beyond the 25K size.
Comparing risk parameters across firms is worth doing anywhere. Apex Trader Funding is another established futures firm worth comparing on documented terms, currently running a discount on evaluation fees.
- Phoenix Trader Funding, official announcement, accessed September 2026.
