Will turning off iCloud Backup after backing up iPhone delete data?

So I'm about to get a new iPhone and going to transfer everything via iCloud Backup. I have never done this since i've been having the same iPhone for years now. My question is, if I back up my entire data on iCloud, backup my phone and then turn off the setting, would it delete everything in my new phone?

Setting on one pjone are specific to it. The new phone just syncs with the cloud. Once it's in the cloud it isn't deleted unless you do it manually.