Phidias Propfirm Review: Rules, Accounts, Payouts, Discounts & Trader Details

Phidias Quick Facts

How We Reviewed Phidias

We built this review from Phidias's own material: the homepage, the account configurator, the full rules page, the help center, and the current promotional banners and pop-ups. Where the firm publishes exact figures, such as drawdown limits, profit targets, contract caps, activation fees, payout thresholds, and the progressive split, we used them directly. Where the price depends on the configurator, which changes with account type, size, platform, and whether you pay monthly or one-time, we point you to the live checkout rather than guess.

Phidias relaunched much of its structure in the "2.0" update. Older reviews you may have seen describe a Static/Fundamental/Swing lineup; the current firm organizes everything around Express to Live, Fundamental, Premium, and the 10K Challenge. This review follows the current structure. Details were last checked on July 9, 2026.

Phidias Account Types

Phidias offers four account families, each with its own rule set, so it pays to match the account to how you actually trade.

Express to Live (E2L) is the fast track. It uses a fixed static drawdown that never trails, no minimum trading days, no consistency rule, and no daily loss limit. Your first payout on the funded CASH account converts you straight to a real LIVE account. Available in 25K, 50K, 100K, and 150K.

Fundamental is the intraday day-trading account. It uses EOD trailing drawdown, requires three minimum trading days in evaluation and ten on the funded account, applies a 30% consistency rule on the funded phase, and uses a fixed 80/20 split. Overnight and weekend positions are not allowed. Available in 50K, 100K, and 150K.

Premium is the most flexible family. It allows overnight and over-weekend holds, funds the CASH account in one trading day, pays out every five days, and uses a progressive split that climbs from 75% to 100%. It also includes a Premium-only Cash Account Reset safety net. Available in 50K, 100K, and 150K.

10K Drawdown Challenge is a low-cost monthly competition with a $10,000 account, a $24,000 prize pool, and cash prizes paid into the Phidias Wallet.

Phidias Account Comparison

Pricing is set through the configurator and shifts with account size, platform, and payment method. As an anchor, the 25K Express to Live is advertised at around $55 one-time (listed against a $277 full price) with the current discount code applied. For every other size and type, choose your options in the configurator and confirm the final price at checkout before paying.

Phidias Cost to First Payout

The headline evaluation price is only part of what it costs to actually get paid. On the funded families, you should weigh the evaluation fee, the activation fee (on monthly plans), the minimum trading days, the withdrawal threshold you must clear before requesting, and the payout cap per cycle. Here is how the main paths compare.

A note on the one-time versus monthly choice: the one-time payment removes the activation fee and all recurring billing, and most traders find it the lower total cost. The monthly plan is cheaper upfront but bills every month until you pass or cancel, and then adds the activation fee on top.

Phidias Rules Explained

Static Drawdown (Express to Live)

E2L accounts use a fixed static drawdown that never moves. Your liquidation level is simply your starting capital minus the static amount, so a 25K account with a $500 static drawdown liquidates at $24,500 and stays there no matter how much profit you build. This is the most forgiving drawdown model Phidias offers and the reason many traders start here.

EOD Trailing Drawdown (Fundamental & Premium)

On Fundamental and Premium accounts, the drawdown is recalculated once per day at the session close (10:00 PM UTC+2), based only on realized end-of-day profit, not intraday spikes. Your liquidation level is fixed for the whole day, so an intraday pullback after a morning gain will not breach you the way a real-time trailing firm would. On funded accounts the trailing stops once it reaches your starting balance plus $100 (for example, $50,100 on a 50K), after which it no longer moves up.

Daily Loss Limit

Phidias does not impose a separate daily loss limit on any of its main accounts. The drawdown mechanism, static or EOD trailing, is the primary risk control, so position sizing and respecting your liquidation level matter more than any daily cap.

Consistency Rule

There is no consistency rule during evaluation on any account. On funded CASH accounts, Fundamental and Premium apply a 30% consistency rule: no single trading day may make up more than 30% of your total profit when you request a payout. Express to Live accounts are fully exempt from consistency at every stage.

Overnight & News

News trading is allowed on every account, at every stage. Overnight and over-weekend holding is the dividing line between families: Premium permits it, while Fundamental and Express to Live require all positions closed before the daily session ends or the account is disqualified.

Max Contracts

Contract limits are fixed per account size and do not scale with profit during the evaluation. Sizes run from 2 minis on the 25K E2L up to 17 minis on the 150K Fundamental and Premium accounts, with micro equivalents at ten times the mini count.

Phidias Consistency Rule Example

Say you are trading a funded 50K Fundamental CASH account and you have built $1,000 in total profit over four qualifying days. The 30% rule means your single best day cannot exceed $300 (30% of $1,000). If your four days were $250, $250, $250, and $250, your best day is 25% of the total and you pass cleanly. But if one day was $350, that single day is 35% of the $1,000 total and you are over the limit. The fix is simple: keep trading until your total rises enough that $350 is back under 30%. Once your total reaches about $1,167, that $350 day drops to 30% and the payout unlocks.

Phidias Rule Traps to Watch

Payout Rules

Payouts run through the Phidias Wallet and are then withdrawn to your bank via Rise. The firm advertises fast processing, with most payouts handled in under 30 minutes and a stated policy of never having denied a payout. On the funded families, the minimum withdrawal is $500, Fundamental requires 10 trading days between payouts, and Premium requires only 5. A trading day only counts if it closes with a minimum positive PnL that scales with account size.

Express to Live works differently. Rather than a standard withdrawal cycle, hitting your target on the E2L CASH account triggers an automatic fixed bonus (subject to the 80/20 split) plus a live credit, and converts you straight to a LIVE account, no withdrawal request or minimum-day count required.

On Premium accounts, the progressive split means your first payout is taken at 75%, rising to 80%, 85%, and 90% on the next three, and reaching 100% from the fifth payout onward. Fundamental and Express to Live use a flat 80/20 split. For Fundamental and Premium, reaching 5 successful payouts or $100,000 in cumulative profit opens the door to a discretionary live review by the Phidias risk team.

Platforms & Data

Phidias runs on three platform ecosystems, and you pick one at checkout. Execution flows through real market connections rather than a proprietary simulator feed.

Fees, Resets & Refund Policy

How you pay shapes your fees. On the one-time payment, there is no activation fee and no recurring billing; the evaluation and CASH account stay active for the life of the account with no monthly charge. On the monthly plan, you pay a recurring subscription during the evaluation and then a one-time lifetime activation fee when you pass. Activation fees run $83 on the 25K E2L and $149 to $169 on the larger families.

If an evaluation fails, you can purchase a reset or wait 30 days for an automatic reset. Premium adds an exclusive safety net not offered elsewhere: a one-time Cash Account Reset if a funded Premium account is liquidated, priced at $399 (50K), $499 (100K), or $599 (150K), and only available within 24 hours of the breach. Refunds are not offered; all subscriptions are final, and any chargeback results in a permanent ban.

Phidias Discount Code

Phidias runs frequent evaluation promotions. The current public code widely advertised across the site is PHIDIAS80, offering up to 80% off evaluations applied at checkout, while the site banner also references limited-time discounts of up to 60%. The 10K Drawdown Challenge has its own entry code, PHIDIAS, which brings the entry to around $30. As always with a configurator-based firm, the exact saving depends on the account and options you choose.

Pros & Cons

Who Phidias Is Best For

• Futures traders who want fair static or EOD drawdown instead of real-time trailing
• Traders who want a fast, low-cost route to a genuine live account (Express to Live)
• Swing and overnight traders who need to hold positions past the daily close (Premium)
• Traders who value a progressive split that can reach 100%
• Traders who want news-trading freedom and no daily loss limit

Who Phidias May Not Be Ideal For

• Traders who want one simple rule set across every account
• Traders who want a guaranteed, automatic live upgrade on intraday accounts
• Traders who dislike consistency rules on funded payouts
• Traders who want forex or CFD products alongside futures
• Traders located in one of the restricted countries

Best Alternatives to Phidias

If you are weighing Phidias against other futures prop firms, it is worth comparing drawdown models, payout speed, activation costs, and how each firm handles the path to larger capital. These are common points of comparison.

Phidias FAQ

Recent Updates

• July 9, 2026: Rebuilt the review around the current Express to Live, Fundamental, Premium, and 10K Challenge lineup. Updated static and EOD drawdown rules, account grids, contract limits, activation fees, the 30% consistency rule, payout thresholds and caps, the progressive Premium split, platform and market-data details, the PHIDIAS80 discount, and the discretionary live-account path.

Final Verdict

Phidias has grown into one of the more trader-friendly futures firms by fixing the mechanic that trips up most funded traders: the drawdown. Static drawdown on Express to Live and EOD trailing on Fundamental and Premium both avoid the real-time trailing that quietly breaches accounts elsewhere. Add news trading everywhere, overnight holds on Premium, a split that climbs to 100%, fast payouts, and a real live-capital path through Dorman Trading, and the 2.0 lineup is genuinely competitive.

The things to understand before buying are which family fits your style, the 30% consistency rule on funded accounts, the minimum thresholds and per-cycle payout caps, and the fact that the live upgrade on Fundamental and Premium is discretionary rather than automatic. For futures traders who want fair rules, a low-cost entry through the 25K Express to Live, and a clear route toward live capital, Phidias is well worth comparing against the larger established firms.