Alpha Futures
Trailing end-of-day drawdown · 90/10
Best Phoenix Trader Funding alternatives (2026)
Phoenix Trader Funding uses trailing end-of-day drawdown. If its rules or fees do not fit you, these futures prop firms are the closest options. Each one links to a side-by-side comparison with Phoenix Trader Funding. All firms are listed regardless of affiliate status.
Apex Trader Funding
Trailing end-of-day drawdown · 100% of approved payouts
BluSky Trading
Trailing end-of-day drawdown · 90/10
Blue Guardian
Trailing end-of-day drawdown · 90%
Bulenox
Trailing intraday drawdown · 100% of first $10,000 of payouts, then 90/10
Earn2Trade
Trailing end-of-day drawdown · 50% under first threshold
Elite Trader Funding
Trailing intraday drawdown · Up to 100% in sim-funded until $25,000 lifetime…
Funded Futures Network
Trailing end-of-day drawdown · Up to 90/10 in Live Funded
FundedNext Futures
Trailing end-of-day drawdown · Flex 95%
Leeloo Trading
Trailing intraday drawdown · 100% on first $12,500 of payouts, then 90%
Legends Trading
Trailing end-of-day drawdown · 90/10 on live funded after 2nd payout
Lucid Trading
Trailing end-of-day drawdown · 90% trader / 10% Lucid on LucidFlex funded payouts
Back to the Phoenix Trader Funding review · All futures prop firms