Live Funding | Phoenix Labs Help Center

Question 1

What is Live Funding?

Accepted Answer

Live Funding moves you from a simulated funded account to a real-money account at a futures broker. EdgeClear opens it, Rithmic connects it, and you trade it on Odin Pro , included free, with a free Thor Trade Copier license to copy it to your followers. Every dollar you withdraw is real money from a real market. It is by invitation only . Your funded profit moves with you: $1,000 of it becomes your Live drawdown, in real money, and the rest becomes your Vault. Your share of every withdrawal is 70% from day one , then 80% for life once your Vault is empty. Payouts from your first green day , any day, with no frequency limit. No payout cap and no lifetime cap. Your size grows with you , from 5 micros up to 40 micros (4 minis), as your room grows. A sample Live Desk. Names and figures are fictional. Your exact numbers are in your Live terms, on your Live Desk. This Help Center describes the standard terms.

Question 2

How do I get called to Live?

Accepted Answer

There is no request to make, no threshold to reach and no fee to pay. Our risk team follows every funded account and calls the traders it wants on Live. 1 The call arrives by email: "You've been called to Live", with your terms ready and a link to the Live Desk. 2 You sign in to the Live Desk at labs.phoenixtraderfunding.com/live with the email of your Phoenix account. A sign-in code arrives by email, no password needed. 3 Your funded account closes. Your dashboard shows it as Moved to Live , and its profit moves with you to Live. The invitation names your terms. Read them on the Live Desk before you apply: they are the terms your Live account runs on.

Question 3

What happens to my funded profit when I go Live?

Accepted Answer

Your funded profit is split in two. $1,000 goes Live : it is your drawdown on the Live account, in real money. Everything above it goes to your Vault , which pays you a bonus on every Live withdrawal until it is empty. Funded profit Goes Live Your Vault $3,000 $1,000 $2,000 $5,875 $1,000 $4,875 $10,000 $1,000 $9,000 Your Vault is not cash: it pays out only through your Live withdrawals. See What is my Vault? for how it empties into your pocket.

Question 4

How do I apply for my Live account?

Accepted Answer

The application takes a few minutes on the Live Desk. Your identity is never typed again: your name and date of birth come from your approved Phoenix Identity check, and the form only asks for what is missing. 1 Identity. Already verified with Phoenix Identity? It shows as verified. If not, verify first: the application cannot be sent without it. 2 Phone number , with its country code. We call before any change to your account. 3 Country of residence and address. They must match your proof of address. 4 Social Security number , for US residents only. 5 Proof of address : a bill, bank statement or tax letter under 90 days old, in your name, as a PDF, JPG or PNG of up to 10 MB. 6 Your exchanges : at least one of CME, CBOT, NYMEX or COMEX. Each one carries a monthly market data fee, see What does market data cost on Live? 7 Sign your terms. Read them, tick to accept, and type your full legal name exactly as it appears on your terms. A sample Live Desk. Names and figures are fictional.

Question 5

What happens after I send my Live application?

Accepted Answer

Your Live Desk follows your application step by step, from the invitation to your first Live session. The risk team reviews every application personally, and every answer appears on the Live Desk. Under review. The risk team checks your details and your proof of address. Changes requested. Only if something needs fixing: the Live Desk says exactly what. Update your application and send it again. Your terms stay as they are. Approved. Your application is accepted. EdgeClear account opening. EdgeClear opens your real-money account. Logins ready. Your Rithmic login appears on your Live Desk. Live. Your account is open and you trade it. A sample Live Desk. Names and figures are fictional. If an application is not approved, the Live Desk says so with the reason.

Question 6

How do I connect to my Live account and trade?

Accepted Answer

EdgeClear opens your account and Rithmic connects it to the market. When your logins are ready, your Rithmic login appears on your Live Desk: your user name, the Rithmic system and the gateway to pick. Before you connect anything: sign the CME market data as PROFESSIONAL. Open the Rithmic agreements page (signup.rithmic.com/Rithmic01Agreements/apps.html), sign in with your Rithmic login and sign the CME market data agreement as Professional . On prop-firm sim accounts you always pick Non-Professional; this is a real account at a broker, so it is the opposite. Your passwords stay hidden until you reveal them, and every reveal is recorded. Odin Pro and the Thor Trade Copier are included, free , with one login of their own. It comes by email and shows on your Live Desk. In Odin, choose Connect via Thor and sign in with that login. In Thor, the same login copies your Live account to your followers. A sample Live Desk. Names and figures are fictional.

Question 7

How does the Live drawdown work?

Accepted Answer

Your Live account starts at $0 and has a $1,000 end-of-day drawdown . It is measured on everything you have made, payouts included, so a withdrawal never pulls your floor down. Made so far = your closing balance + everything you have withdrawn. Your floor = the best "made so far" minus $1,000, set at the close. It never moves down. It stops at $0 , your starting balance. Once you have made $1,000, your floor is locked at $0 for good. A close at or below your floor closes the account. An example week Five green days, taking out everything above the $500 you keep in the account each day: Day Result Made so far Your floor You take out In your pocket (70%) Day 1 +$500 $500 -$500 $500 $350 Day 2 +$700 $1,200 $0, locked $200 $140 Day 3 +$400 $1,600 $0 $400 $280 Day 4 +$300 $1,900 $0 $300 $210 Day 5 +$500 $2,400 $0 $500 $350 On day 1 you take out all of it and your floor still rises: every dollar you make counts, even the ones you withdraw. On day 2 your floor locks at $0. $1,900 taken out in five days: $1,330 in your pocket . A sample Live Desk. Names and figures are fictional.

Question 8

What is the daily pause on Live?

Accepted Answer

If a session costs you $500 at level 1, your positions are flattened and trading pauses until the next session. A pause is never a breach : you are back the next day. Your pause grows with your size level: it is always half the room of your level. Your room is your balance above your floor, at the close. The account closes only when a close reaches your floor. While your room is larger than your pause, a paused day leaves you above your floor. When it is not, the Live Desk warns you that your room is under one pause, and how large a loss would close the account. A sample Live Desk. Names and figures are fictional.

Question 9

What are Training wheels on Live?

Accepted Answer

Every Live account starts on Training wheels . It is not a sanction: it is a calmer start on real money, with smaller limits while you find your rhythm. They come off after 10 traded sessions , or sooner, as soon as your floor locks at $0, and your level 1 terms apply. Why do we do that? Many traders are overwhelmed by the psychological pressure of moving from a funded sim account to Live, and it makes a lot of them lose their account very quickly. Training wheels are here for you to get a grip on your Live account and on your psychology: they are purely for you . Now that you are Live, our interests are aligned, and Phoenix puts every resource and tool it has into keeping your Live account longer, which means more money for you . Odin holds the limits for you: 2 micros at most on your account. If an order takes you over, Odin closes the extra contract right after it fills. $100 at most per trade. Place a stop with each entry that risks $100 or less: a bracket in Odin does it for you. A position left without one is closed after 15 seconds, and trading pauses for 2 minutes. A $250 daily stop. At -$250 for the day, Odin closes your positions and you pick up again at the next session.

Question 10

How does my size grow on Live?

Accepted Answer

Your room is your balance above your floor, at the close. Grow the room and your size and your pause grow with it, one level at a time. Level Size Daily pause Room needed To get there Level 1 5 micros $500 $1,000 Where everyone starts Level 2 10 micros (1 mini) $1,000 $2,000 Floor locked at $0, then 10 traded days at level 1 Level 3 20 micros (2 minis) $2,000 $4,000 10 traded days at level 2 Level 4 40 micros (4 minis) $4,000 $8,000 10 traded days at level 3 Up one level once your room and your 10 traded days at your level are there. Down at the next open if your room at the close no longer fits your level. Withdrawals lower your room , so they can lower your level. Leave profit in to grow. A sample Live Desk. Names and figures are fictional.

Question 11

When can I withdraw from my Live account, and how much?

Accepted Answer

From your first green day . You can withdraw anything above your floor + $500, never going below $0, on any day: there is no frequency limit. Your figures must be in. After each close the risk team enters your session; until then the Live Desk shows "Waiting for the session of ..." and withdrawals wait for it. Choose how you are paid: Rise, PayPal, Wise or Payoneer. Any fee a method charges is shown in the form before you confirm. Your share is applied at once: the form shows what reaches you, 70% while your Vault pays, then 80%. Each withdrawal then moves through Requested , Approved , Withdrawn at EdgeClear and Paid on your Live Desk. A declined withdrawal shows the reason. A sample Live Desk. Names and figures are fictional.

Question 12

How is a Live withdrawal split?

Accepted Answer

You keep 70% of every withdrawal while your Vault pays, and 80% for life once it is empty. A $1,000 withdrawal Withdrawal $1,000 In your pocket (70%) $700 Once your Vault is empty (80%) $800 Your 70% is your 50% split topped up by your Vault: $500 + $200 on a $1,000 withdrawal. A withdrawal that crosses the end of your Vault is paid 70% on the part your Vault still covers and 80% on the rest, so no dollar is split twice. A sample Live Desk. Names and figures are fictional. Traders called to Live from a Phoenix Trader Funding account have their own split, stated in their Live terms.

Question 13

What is my Vault?

Accepted Answer

Your Vault is the part of your funded profit above the $1,000 that went Live. It is not cash: it pays out only through your Live withdrawals. Every time you withdraw, your Vault adds 20% of that amount to your money, until it is empty. Withdraw $1,000: your Vault sends you $200. When it is empty, your share is 80% of everything, for life: no cap, no clock, no reset. What is left in your Vault is on your Live Desk. A sample Live Desk. Names and figures are fictional.

Question 14

What happens if my Live account closes?

Accepted Answer

A close at or below your floor closes the account. What you already withdrew stays yours. Your Vault freezes. It waits for you: not lost, but nothing is paid from it while you are not on Live. What is left of your $1,000 goes back to your Vault. All of it if your floor was locked and you close at $0; nothing if the close used the whole drawdown. A comeback account. A special sim account with no payouts, there for one thing: earning your way back. Called back to Live: $1,000 of your Vault funds a new Live account and the rest pays out again. Only a Live account pays out, and there is one comeback per trader.

Question 15

What does market data cost on Live?

Accepted Answer

$135 a month for each exchange you picked : CME, CBOT, NYMEX or COMEX. It is taken from your Live balance, so there is nothing to pay from your card, and it shows in your figures on the day it is taken. Your application shows what each exchange carries, micros included. Pick only the exchanges whose markets you trade: each one costs the same. A sample Live Desk. Names and figures are fictional.

Question 16

Where do I follow my Live account and find my exact terms?

Accepted Answer

On your Live Desk . While you apply, open it from your invitation email or at labs.phoenixtraderfunding.com/live. Once your Live account is open, it is also the Live Desk tab of your dashboard. After every close , the risk team enters your session: balance, floor, room and size level, with each session in the table below them. Your terms , exactly as you signed them. Any change comes as a new version, shown on your Live Desk first. Your withdrawals , from request to payment. A sample Live Desk. Names and figures are fictional. A sample Live Desk. Names and figures are fictional.