Phidias PropFirm is a futures-only prop firm founded in France in 2024 and registered in Gibraltar. It offers three account types up to $150,000 with dollar-based profit targets, EOD trailing drawdown, and support for Rithmic, Tradovate, NinjaTrader, and TradingView. The Premium plan is one of the only futures prop accounts allowing overnight and weekend holds. Use code FT for 60% off any evaluation.
Rating Breakdown
Pros
- EOD trailing drawdown — intraday spikes do not raise your drawdown ceiling
- Express to Live uses static (fixed) drawdown with no calculations
- Premium plan allows overnight and weekend position holding
- No daily loss limit on any account type
- Dollar-based profit targets are clear and simple
- News trading allowed on all accounts
- Zero minimum trading days on Express to Live
- Progressive split on Premium — reaches 100% from the fifth payout
- Payouts via RISEWORKS.io — reputable payout processor
- Dorman Trading (registered FCM) handles live capital clearing
Cons
- Trustpilot at 3.9/5 with reported payout delays and unclear subscription terms
- E2L and Fundamental are intraday only — positions must close before 10:00 PM UTC+2
- Transition to a live cash account is discretionary, not guaranteed
- Automated and HFT strategies are prohibited — semi-auto only
- Maximum account size is $150K — smaller ceiling than many CFD firms
- 30% consistency rule applies on funded CASH accounts
- Futures-only — no forex, CFD, or crypto CFD instruments
- Account resets cost $399 to $599 depending on size (Premium only)
Account Plans and Pricing
Express to Live Challenge Rules
| Evaluation type | Single-step, futures only |
| Account sizes | $25K, $50K, $100K, $150K |
| Profit target ($25K) | $1,500 |
| Profit target ($50K) | $2,500 |
| Drawdown type | Static (fixed amount, does not trail) |
| Max drawdown ($25K) | $500 |
| Max drawdown ($50K) | $650 |
| Daily loss limit | None |
| Min. trading days | None |
| Time limit | None |
| Overnight / weekend holding | Not permitted |
| Consistency rule | None during evaluation |
| Profit split | 80% |
| Payout frequency | On demand via Phidias Wallet |
Fundamental Challenge Rules
| Evaluation type | Single-step, futures only |
| Account sizes | $50K, $100K, $150K |
| Profit target ($50K) | $4,000 |
| Drawdown type | EOD trailing (adjusts at market close only) |
| Max drawdown ($50K) | $2,500 |
| Max drawdown ($100K) | $3,000 |
| Daily loss limit | None |
| Min. trading days | 3 days |
| Time limit | None |
| Overnight / weekend holding | Not permitted — positions must close by 10:00 PM UTC+2 |
| Consistency rule | None during evaluation; 30% rule applies on funded CASH account |
| Profit split | 80% |
| Payout frequency | Every 10 trading days |
Premium Challenge Rules
| Evaluation type | Single-step, futures only |
| Account sizes | $50K, $100K, $150K |
| Profit target ($50K) | $4,000 |
| Profit target ($100K) | $6,000 |
| Drawdown type | EOD trailing (adjusts at market close only) |
| Max drawdown ($50K) | $2,500 |
| Max drawdown ($100K) | $3,000 |
| Daily loss limit | None |
| Min. trading days | 1 day |
| Time limit | None |
| Overnight / weekend holding | Permitted |
| Consistency rule | None during evaluation; 30% rule applies on funded CASH account (min 4 trading days) |
| Profit split | Progressive: 75% → 80% → 85% → 90% → 100% (from 5th payout) |
| Payout frequency | Every 5 trading days |
| Account reset (optional) | Available at $399 ($50K), $499 ($100K), $599 ($150K) |
Payouts
| First payout (E2L) | On demand via Phidias Wallet |
| First payout (Fundamental) | After 10 trading days |
| First payout (Premium) | After 5 trading days |
| Payout processor | RISEWORKS.io |
| Minimum withdrawal | $500 |
| Processing speed | 90% under 30 minutes; 100% within 24 hours (stated) |
| Profit split | 80% (E2L and Fundamental); 75%–100% progressive (Premium) |
| Path to live account | After 5 payouts or $100K cumulative profit (risk team review required) |
| KYC required | Yes, before first payout |
| Verified total paid | Not publicly disclosed |
Trading Conditions
| Platforms | Rithmic, Tradovate, NinjaTrader (via Tradovate), TradingView, DeepCharts |
| Asset class | Futures only |
| Instruments | ES, NQ, YM, RTY and their micros; Treasury futures; FX and crypto-micro futures; energies; metals; agriculture; Eurex products |
| Max E-mini contracts ($25K E2L) | 2 |
| Max E-mini contracts ($50K E2L) | 5 |
| Max E-mini contracts ($100K E2L) | 7 |
| Max E-mini contracts ($150K E2L) | 9 |
| News trading | Allowed on all accounts |
| Expert Advisors / automation | Semi-automated strategies allowed (must actively monitor); fully automated and HFT prohibited |
| Overnight / weekend holding | Premium accounts only |
| Copy trading | Not publicly disclosed |
| Consistency rule (funded) | 30% max per single day of total profit; minimum 4 trading days on CASH accounts |
| Restricted countries | 17 countries restricted (list on Phidias website) |
Our Verdict
Phidias occupies a specific niche in the prop firm space: futures trading with EOD drawdown rules and, on the Premium plan, genuine overnight and weekend holding. That last feature is rare. Firms like Apex, Topstep, and TradeDay do not allow swing positions across sessions. If you trade futures and need to hold overnight, Phidias is one of the few options built for it.
The drawdown structure is one of the more trader-friendly setups available. EOD trailing means your drawdown threshold only adjusts at market close, not in real time. If the ES spikes against your position intraday and then recovers, your drawdown ceiling is unchanged. This reduces the number of random stop-outs caused by normal futures volatility. The Express to Live plan goes further with a static drawdown that never moves at all — what you start with is what you keep.
Dollar-based profit targets are a cleaner format than percentage-based ones for futures traders. A $1,500 target on a $25K account is concrete. You know exactly what you need to make, and there is no ambiguity about how it is calculated. The absence of a daily loss limit across all accounts is also a genuine positive — you are only governed by the overall drawdown ceiling.
The concerns are real, though. Trustpilot sits at 3.9 out of 5 with around 300 reviews, and the breakdown includes a notable share of 1-star ratings citing payout delays and unclear subscription terms. Some review platforms flagged the score as affected by guideline violations. The firm is young — founded in 2024 — so the track record is limited. The discretionary live-account transition (requiring a risk team review after 5 payouts or $100K profit) introduces uncertainty that traders should understand before signing up.
The 30% consistency rule applies only on funded CASH accounts, not during evaluation. That is better than firms that apply it through the challenge. But once you are funded, use the consistency calculator to verify your daily profit distribution before requesting a withdrawal. Premium accounts are governed by a minimum 4 trading days rule on CASH accounts, which needs to be factored into withdrawal planning.
Overall, Phidias is a credible option for futures traders who specifically need swing-trading capability or want a cleaner drawdown structure than real-time trailing. The platform coverage is solid. The pricing with code FT (60% off) is competitive. But the payout reliability concerns and short track record mean it carries more risk than established names like Apex Trader Funding or Topstep. Go in with that context.
Phidias Coupon Code and Discount
The current Phidias coupon code is FT, which gives 60% off any evaluation account. Enter it at checkout on phidiaspropfirm.com. It applies to Express to Live, Fundamental, and Premium accounts across all sizes.
With 60% off: the Express to Live $25K account drops from approximately $277 to around $111. The discount makes the entry-level plan accessible for traders testing the platform for the first time, with the fee refunded on your first funded payout.
| Code | FT |
| Discount | 60% off |
| Applies to | Express to Live, Fundamental, and Premium (all sizes) |
| Last verified | July 2026 |
Frequently Asked Questions
Is Phidias PropFirm legitimate?
Phidias PropFirm launched in 2024 and is registered as Phidias Propfirm Ltd in Gibraltar. Live capital is cleared through Dorman Trading, a registered FCM in the US. Payouts are processed via RISEWORKS.io. Trustpilot sits at 3.9 out of 5 from around 300 reviews, with mixed feedback — fast payouts on one side, payout delays and unclear subscription terms on the other. It is not regulated by a financial authority, which is standard for prop firms. The firm is young, and its track record is still limited.
What account types does Phidias offer?
Phidias offers three account types: Express to Live ($25K–$150K) with static drawdown and zero minimum trading days; Fundamental ($50K–$150K) with EOD trailing drawdown and a 3-day minimum; and Premium ($50K–$150K) with EOD trailing drawdown, a 1-day minimum, and overnight/weekend holding permitted. All are futures-only accounts. There is also a 10K Drawdown monthly competition, but that is a contest rather than a funded account path.
What drawdown rules does Phidias use?
Express to Live accounts use static drawdown — the loss limit is fixed and does not move regardless of profits made. Fundamental and Premium accounts use end-of-day (EOD) trailing drawdown, which only adjusts at market close. This means intraday floating profits do not raise your drawdown ceiling in real time, reducing stop-outs from temporary price moves against your position. There is no separate daily loss limit on any Phidias account type.
What platforms does Phidias support?
Phidias supports five platforms: Rithmic, Tradovate, NinjaTrader (connected via Tradovate), TradingView, and DeepCharts. These are all futures-specific platforms. Phidias does not support MT4, MT5, DXtrade, or any CFD platform. If you are a futures trader already using one of these platforms, you can connect your existing setup directly.
Is there a Phidias discount code?
Yes. The code FT gives 60% off any Phidias evaluation at checkout on phidiaspropfirm.com. It applies to all three account types — Express to Live, Fundamental, and Premium — across all account sizes. The evaluation fee is refunded with your first funded payout, so the net cost after a successful evaluation is effectively zero.
Ready to try Phidias?
Futures prop firm with EOD drawdown, overnight/weekend holds on Premium, and 5 platform options. Use code FT for 60% off.
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