How the Thor Trade Copier Works on a Funded Account

Thor is the trade copier built into the Phoenix Trader Funding ecosystem. It links a leader account with real market data on dxFeed to one or more follower accounts on TFeed, and when the leader fills an order Thor sends a matching order to every follower in real time: same instrument, same direction, sized to a ratio you set. Copy trading with Thor is allowed on every Phoenix account type, in the challenge and once funded.

You already have one funded account, maybe two or three. Each one is buying power that only earns anything if you actually trade it. Clicking the same order into every platform by hand does not scale: you miss a fill, you fat finger a size on account four, or you simply forget an account exists mid session.

A trade copier fixes that by turning one trade into many, automatically. This guide covers what a trade copier actually does, whether copying trades is allowed on a Phoenix account, and how Thor works with TFeed to run your follower accounts.

What a Trade Copier Actually Does

A trade copier links a leader account to one or more follower accounts. You trade the leader, by hand or with your own strategy, and the copier detects the fill and sends a matching order to every follower in the group: same instrument, same direction, sized to a ratio you set. Close the position on the leader and every follower closes with it.

Nothing about the follower accounts is autonomous. You are not following a stranger's signals and you are not running a bot that decides entries on its own. You are still the one pulling the trigger. The copier just removes the manual work of repeating that trigger pull across every account you hold, and it keeps positions in sync if a partial fill or a dropped connection knocks one account out of line.

The value shows up as soon as you hold more than one account. Ten funded accounts at $50,000 each is $500,000 of buying power on paper, but only if you can actually get the same trade into all ten before the market moves. Past two or three accounts, doing that by hand stops being realistic.

Is Copy Trading Allowed on a Phoenix Account?

Yes. Copy trading is allowed on every Phoenix Trader Funding account type, Classic, Spark and Merit, in the challenge and once funded, and Thor is the copier Phoenix recommends. It sits in the same allowed column as scalping with no minimum hold time, Martingale and DCA, and Tier 1 news trading.

What is not allowed, copier or no copier, is cross account hedging: opening opposite positions on two accounts so one wins whatever the market does. A copier that mirrors the same direction across every account is not hedging, it is the same trade repeated. Automated systems that generate their own entries, HFT bots and EAs, stay off the table regardless of whether a copier is involved. Thor replicates trades you place. It does not decide what to trade. The full rule set, including what is allowed and what is not, is on the Phoenix FAQ page.

How Thor Works With TFeed

Thor needs two pieces to run: a leader account with real market data, and one or more follower accounts on TFeed, Phoenix's own execution feed. TFeed carries no market data of its own. It exists to execute orders cheaply, not to price the market, so a TFeed account only knows what to do because Thor is feeding it the leader account's executions in real time. Market data is included on every dxFeed account, while TFeed carries none.

That structure is also why TFeed commissions run well below dxFeed. On ES it runs $1.09 a side against $2.18 on dxFeed, and on MES $0.36 against $0.71. You pay less on the follower side because that account is not carrying its own data feed, Thor is doing that job for it.

One number worth planning around: because the leader and the follower sit on different feeds with a small execution gap between them, the profit and loss on a TFeed follower can differ from the leader account by 10 to 20% on a given trade. Same trade, same direction, not always the same dollars. That is normal, not a malfunction, and it is worth knowing before you size a follower account expecting an exact mirror.

What You Need to Set It Up

• A leader account running on dxFeed, since TFeed cannot originate the market data Thor needs to copy from.
• One or more follower accounts on TFeed.
• A platform that supports TFeed: NinjaTrader, Tradovate, TradingView through Tradovate, or Odin, which is free once you are on TFeed.
• Saga running alongside it. Saga is the AI trading journal in the Phoenix ecosystem, included free for every Phoenix customer, and it is required on any dxFeed account, which your leader account will be.

If you already trade a platform both feeds support, Atas, Quantower, Volumetrica, DeepChart or DeepDom, the leader side of the setup does not change anything about how you place your own trades. The copier sits underneath that and handles the rest.

Account Limits to Plan Around

Copying trades across accounts sounds unlimited, but Phoenix Trader Funding caps how many accounts you can hold at once, and the cap depends on the feed and the account type.

During the challenge stage, there is no cap. Take as many evaluations as you want; they are all on the Phoenix evaluations page.

Pre-Funded is the simulated funded stage that follows a passed challenge, and it is the stage you trade for payouts. Once you are Pre-Funded, the caps tighten: up to 3 accounts on dxFeed, or up to 5 on TFeed, with sub limits inside that: up to 3 Spark accounts, up to 3 Classic Growth or Scale, and up to 5 Classic Starter. Spark, specifically, only exists on TFeed, so a Spark follower always needs a TFeed slot, and it counts against that 5 account ceiling alongside any other TFeed followers you are running.

Plan your leader and follower group around those numbers before you pass a stack of evaluations you cannot actually run together.

What to Watch Once It Is Running

Each follower account still carries its own drawdown, its own daily limits if it has any, and its own consequences for a breach. Thor keeps the trades in sync, it does not merge the risk. A follower that is smaller or already closer to its limit than the leader can hit its drawdown on a trade the leader shrugs off, so size each follower to its own account, not to the leader's balance.

Watch for drift after any disruption: a dropped connection, a broker maintenance window, or a partial fill on one account. A follower that misses a fill can end up holding a different position than the leader until you manually square it up. Check your account list after anything that looks like a network hiccup rather than assuming every follower stayed in sync on its own.

Slippage between the leader's fill and the follower's fill is also normal, not just on TFeed. The faster the market moves, the more that gap can widen, which is part of where the 10 to 20% profit and loss difference comes from. Plan your position sizing with that gap in mind rather than expecting identical numbers across every account.

dxFeed Leader vs TFeed Follower

Who This Actually Fits

Thor earns its place once you are holding more than one funded account and want to trade them as a group instead of one at a time. If you only have a single account, a copier is a moving part with nothing to copy to. Skip it until you have a second account to route trades into.

It also fits traders who are cost conscious about commissions across a lot of volume. Running your size on cheaper TFeed followers while a single dxFeed leader carries the market data adds up over a high frequency month, on top of the time saved not clicking the same order five times over.

It does not fit a trader still building a strategy. Copying a trade you are not confident in across five accounts just multiplies the mistake by five. Prove the approach on one account first.