Phidias
QuantTower
NinjaTrader
Tradovate
TradingView
ATAS
Sierra Charts
MotiveWave
Rithmic
Tradovate
Rise
| Date | Trader Score |
|---|---|
| 2026-06-17 | 4.20 |
| 2026-06-16 | 4.20 |
| 2026-06-15 | 4.40 |
| 2026-06-14 | 4.40 |
| 2026-06-13 | 4.40 |
| 2026-06-12 | 4.40 |
| 2026-06-11 | 4.40 |
| 2026-06-10 | 4.40 |
Phidias Review: Rules, Accounts, Payouts, Discounts & Trader Details
Last updated: June 16, 2026
Phidias is a futures prop trading firm offering several account paths, including Express to Live, Fundamental, and Premium accounts. The firm emphasizes static or end-of-day drawdown, fast payout processing, no daily loss limit on its main account families, and a path from funded Cash accounts to LIVE accounts through Dorman Trading.
Quick verdict: Phidias may appeal to futures traders who want alternatives to intraday trailing drawdown, especially traders looking for static drawdown through Express to Live or overnight and weekend holding through Premium accounts. Traders should carefully choose between Express to Live, Fundamental, and Premium because each account family has different rules, payout logic, and path to LIVE.
Phidias Quick Facts
| Category | Details |
|---|---|
| Firm Name | Phidias Propfirm |
| Website | phidiaspropfirm.com |
| Help Center | Phidias Help Center |
| Markets | Futures products on CME, CBOT, NYMEX, and COMEX |
| Main Account Families | Express to Live, Fundamental, Premium |
| Drawdown Types | Static drawdown on Express to Live; EOD trailing drawdown on Fundamental and Premium |
| Daily Loss Limit | None listed on Express to Live, Fundamental, and Premium account rules |
| Maximum Funded Accounts | Up to 15 funded accounts across account families, subject to category limits |
| LIVE Account Path | Express to Live can convert to LIVE through its automatic switch mechanism; Fundamental and Premium use discretionary risk-team review |
| LIVE Broker | Dorman Trading listed as the LIVE account path |
Phidias Account Types
Phidias currently organizes its main futures prop firm offering into three account families: Express to Live, Fundamental, and Premium.
Express to Live is designed as the fastest route to a LIVE account using static drawdown. Fundamental is the classic intraday-focused account with EOD trailing drawdown and an 80/20 profit split. Premium is the more flexible account family, allowing overnight and weekend holds with a progressive profit split that can reach 100%.
Express to Live Account Comparison
| Account Size | Profit Target | Drawdown | Daily Loss Limit | Min Trading Days | Max Contracts | Bonus Payout | LIVE Credit |
|---|---|---|---|---|---|---|---|
| $25,000 | $1,500 | $500 static | None | None | 2 minis / 20 micros | $1,000 | $500 |
| $50,000 | $2,500 | $650 static | None | None | 5 minis / 50 micros | $2,000 | $1,000 |
| $100,000 | $3,500 | $800 static | None | None | 7 minis / 70 micros | $3,000 | $1,500 |
| $150,000 | $4,500 | $1,000 static | None | None | 9 minis / 90 micros | $4,500 | $2,000 |
Fundamental Account Comparison
| Account Size | Profit Target | Drawdown | Daily Loss Limit | Min Trading Days | Max Contracts | Payout Cap | Profit Split |
|---|---|---|---|---|---|---|---|
| $50,000 | $4,000 | $2,500 EOD trailing | None | 3 evaluation days | 10 minis / 100 micros | $2,000 per cycle | 80/20 |
| $100,000 | $6,000 | $3,000 EOD trailing | None | 3 evaluation days | 14 minis / 140 micros | $2,500 per cycle | 80/20 |
| $150,000 | $9,000 | $4,500 EOD trailing | None | 3 evaluation days | 17 minis / 170 micros | $2,750 per cycle | 80/20 |
Premium Account Comparison
| Account Size | Profit Target | Drawdown | Daily Loss Limit | Min Trading Days | Max Contracts | Payout Cap | Cash Reset |
|---|---|---|---|---|---|---|---|
| $50,000 | $4,000 | $2,500 EOD trailing | None | 1 evaluation day | 10 minis / 100 micros | $2,000 per cycle | $399, once per account |
| $100,000 | $6,000 | $3,000 EOD trailing | None | 1 evaluation day | 14 minis / 140 micros | $2,500 per cycle | $499, once per account |
| $150,000 | $9,000 | $4,500 EOD trailing | None | 1 evaluation day | 17 minis / 170 micros | $2,750 per cycle | $599, once per account |
Phidias Rules Explained
Express to Live
Express to Live accounts use static drawdown that never trails. These accounts have no minimum trading days, no consistency rule, no daily loss limit, and news trading is authorized. Overnight and weekend holding are not permitted on Express to Live accounts.
Static Drawdown
Static drawdown is fixed from the start of the account. It does not move higher as a trader makes profits. For example, a $25K Express to Live account with a $500 static drawdown has a fixed liquidation threshold of $24,500.
Fundamental Accounts
Fundamental accounts are designed for intraday futures traders. They use EOD trailing drawdown, require 3 minimum trading days during the evaluation, have no daily loss limit, and use a fixed 80/20 profit split on funded payouts.
Premium Accounts
Premium accounts are designed for traders who want more flexibility. They use EOD trailing drawdown, allow overnight and weekend positions, require only 1 minimum evaluation day, and use a progressive profit split from 75% up to 100%.
Consistency Rules
Express to Live accounts do not have a consistency rule. Fundamental and Premium accounts list no consistency rule during the evaluation, but funded CASH accounts apply a 30% max-per-day consistency rule.
News Trading
Phidias lists news trading as authorized across Express to Live, Fundamental, and Premium accounts. Traders should still review the current rules before trading major scheduled news events.
Overnight & Weekend Holding
Overnight and weekend holding are not permitted on Express to Live and Fundamental accounts. Premium accounts allow overnight and weekend holding.
Payout Rules
Phidias states that payouts are processed to the Phidias Wallet, where traders can withdraw funds or reinvest into new evaluations. The firm advertises fast payout processing, with most payouts processed in under 30 minutes and always within 24 hours.
Express to Live accounts use a separate automatic bonus system. When the trader reaches the required CASH account target and clicks “Switch to Live,” the fixed bonus payout is credited to the Phidias Wallet subject to the 80/20 split, and the account converts to a LIVE account.
| Account Type | Payout / Profit Split |
|---|---|
| Express to Live | 80/20 split on the fixed bonus payout when switching to LIVE |
| Fundamental | 80/20 split on funded payouts |
| Premium Payout 1 | 75% trader / 25% Phidias |
| Premium Payout 2 | 80% trader / 20% Phidias |
| Premium Payout 3 | 85% trader / 15% Phidias |
| Premium Payout 4 | 90% trader / 10% Phidias |
| Premium Payout 5+ | 100% trader / 0% Phidias |
Fundamental and Premium accounts may become eligible for LIVE review after 5 successful payouts or $100,000 in cumulative profits across accounts. That transition is discretionary and subject to review by the Phidias risk management team.
Platforms & Data
Phidias supports several futures trading platforms. Platform choice may depend on the selected account and data-feed option, and Phidias states that once a subscription is confirmed, the selected feed/platform choice cannot be switched for that account.
Listed Platforms
- Sierra Chart
- Quantower
- ATAS
- Bookmap
- MotiveWave
- DeepChart
- DeepDOM
- NinjaTrader
- Tradovate
- TradingView
Platform Notes
- Rithmic connection support is listed in the help center.
- DeepChart is also available in a web version.
- Quantower and DeepChart/DeepDOM are listed with free versions.
- Platform/feed selection should be checked carefully before purchase.
Fees, Resets & Refund Policy
Phidias offers both monthly subscription and one-time payment account structures. The one-time payment option is presented as covering the evaluation and CASH account without additional activation fees. Monthly subscriptions may require activation fees after passing.
Premium accounts include a Cash Account Reset option once per funded CASH account. This reset is not available on Fundamental or Express to Live accounts.
| Fee Type | Phidias Policy / Details |
|---|---|
| One-Time Payment | Evaluation and CASH account included, with no activation fee listed for switching to CASH |
| Monthly Subscription | Lower upfront cost, with activation fees listed after passing |
| Activation Fee | Monthly account activation fees vary by account family and size |
| Premium Cash Reset | $399 for 50K, $499 for 100K, and $599 for 150K, once per Premium CASH account |
| Platform / Feed Choice | Feed and platform selection is final once the subscription is confirmed |
Phidias Discount Code
Phidias displays discounted account pricing through its account configurator and currently advertises accounts starting at $55. Some account pages also show discounted one-time pricing compared with non-discounted pricing.
| Promotion | Details |
|---|---|
| Current Listed Starting Price | Accounts advertised from $55 |
| Discount Style | Discounted account pricing shown in the account configurator |
| Coupon Code | No single universal public coupon code should be assumed; verify the active offer at checkout |
| Best Practice | Confirm the final account type, platform, payment option, discount, and total price before purchasing |
Pros & Cons
Pros
- Express to Live accounts use static drawdown that never trails
- No minimum trading days on Express to Live
- No daily loss limit listed on the main account families
- Premium accounts allow overnight and weekend holding
- Premium profit split can reach 100% from the fifth payout onward
- Up to 15 funded accounts across account families
- Multiple platform options including Quantower, ATAS, Sierra Chart, Tradovate, TradingView, and NinjaTrader
Cons
- Account structure is more complex than simple one-plan firms
- Fundamental and Premium CASH accounts have funded consistency rules
- LIVE transition for Fundamental and Premium is discretionary
- Platform/feed choice is final after purchase
- Premium account resets are paid and limited to once per funded CASH account
Who Phidias Is Best For
- Futures traders who want static drawdown through Express to Live
- Traders who dislike intraday trailing drawdown
- Traders who want a direct LIVE path through Express to Live
- Swing-style futures traders who need overnight and weekend holding through Premium
- Traders who want to run multiple funded accounts across different account families
Who Phidias May Not Be Ideal For
- Traders who want the simplest possible account structure
- Traders who want automatic LIVE conversion on Fundamental or Premium accounts
- Traders who may need to switch platforms or data feeds after purchase
- Traders who dislike funded-stage consistency rules on Cash accounts
- Traders who want all account types to permit overnight and weekend holding
Phidias FAQ
Is Phidias a futures prop firm?
Yes. Phidias focuses on futures prop trading and lists CME, CBOT, NYMEX, and COMEX as supported exchanges.
What account types does Phidias offer?
Phidias offers Express to Live, Fundamental, and Premium accounts. Each account family has different drawdown, payout, and LIVE-account rules.
Does Phidias have a daily loss limit?
Phidias lists no daily loss limit on Express to Live, Fundamental, and Premium account rules. Traders still need to respect the account drawdown limit.
What is the fastest path to LIVE at Phidias?
Express to Live is designed as the fastest path to LIVE. After passing the evaluation and reaching the target again on the CASH account, traders can use the “Switch to Live” mechanism.
Does Phidias allow overnight positions?
Premium accounts allow overnight and weekend holding. Express to Live and Fundamental accounts do not permit overnight or over-week holding.
What is the Phidias profit split?
Express to Live and Fundamental accounts use an 80/20 split. Premium accounts use a progressive split that starts at 75% and can reach 100% from the fifth payout onward.
How many funded accounts can I have with Phidias?
Phidias allows up to 15 funded accounts across account families, subject to category-specific account limits.
What platforms does Phidias support?
Phidias lists Sierra Chart, Quantower, ATAS, Bookmap, MotiveWave, DeepChart, DeepDOM, NinjaTrader, Tradovate, and TradingView among its supported platforms.
Final Verdict
Phidias stands out because it gives traders several distinct paths instead of forcing one evaluation model on everyone. Express to Live is built around static drawdown and a fast LIVE-account path. Fundamental is closer to a classic prop firm model with EOD trailing drawdown and an 80/20 split. Premium is the most flexible option, with overnight holding and a progressive profit split that can reach 100%.
The main thing traders need to do is choose the right account family. Express to Live is best for traders who want fixed drawdown and speed. Fundamental is better for intraday traders who want larger account sizes and EOD drawdown. Premium is best for traders who need overnight flexibility and are comfortable with a more advanced payout structure. For futures traders who value static or EOD drawdown over intraday trailing drawdown, Phidias is worth comparing closely.