Phidias prop firm offers futures trading funded challenge accounts with funding options ranging from 10k to 1 million USD, which is diverse. However, no funded options exist beyond $100,000, except the $1 million account. The challenge model is a 1-step model where traders have to hit the profit target once to get funded, and pricing is based on a monthly subscription. The profit split is very low, from 50%, and traders can increase it over time.
In today’s Phidias review, we will assess the firm’s rules, funding options, pricing, platforms, assets, support, and more.
There are no Phidias reviews on the FPA, as the firm is young. On Trustpilot, there are very few reviews below 50, making it difficult to evaluate its safety and reliability. The firm was launched in 2024, making it very young and inexperienced in prop trading.
The firm gets a 0 score in this section as it is young and lacks trader reviews.
Phidias funded program is a 1-step challenge with monthly fees. The Phidias funding options include 10k, 50k, 100k, and 1 million USD. These funded options are sorted into different accounts like fundamental, swing, and 10k EOD (End of Day).
Phidias challenges the overall lack of diversity when it comes to funding options.
Phidias scaling plan allows traders to increase the profit sharing to up to 90%, which is a slow process and traders are required to make substantial profits and withdrawals. The maximum capital accessible through the scaling plan is up to 3 million dollars.
Overall, the firm gets a 3 score in this section.
Phidias prop trading assets are only futures on various exchanges like Overnight, CME, CBOT, NYMEX, and COMEX. Lots allowed are from 10 to 50 lots, or up to 500 micros.
The firm does not allow access to the other assets beyond futures, which is a big downside. There are several assets under futures, such as currencies, equities, commodities, and so on. The sizes of allowed lot sizes of contracts are from 25 lots (250 micros) to 50 lots (500 micros) max intraday.
As a result, the firm gets a 1 score in this section.
Phidias rules include a 6% profit target and a 3% maximum drawdown. There is no daily drawdown, but the maximum drawdown is calculated at the end of each trading day. The firm allows overnight and over-weekend trading and has 3 minimum trading days. Overall, the firm gets a 1.2 score in this section for offering very strict rules when it comes to maximum drawdown.
The pricing from Phidias Propfirm is competitive, starting at 54 USD per month for a 50k USD challenge. There is also a $10,000 special challenge that has a register cost of 21 USD; resetting it will cost 21 dollars. There are no other details about its fees. Here are all the challenges and their costs:
Phidias free trial is not available, and traders have to pay fees to start challenges, which is a disadvantage because there is no way to test trading conditions and develop tailored trading strategies.
Phidias free repeat is not offered, but traders can pay low fees to reset their challenges if they fail.
Overall, the firm gets a 2 score in this section.
Phidias offers access to all Rithmic platforms with advanced features that are specifically designed for futures trading. Mobile trading is also available, and there is a web trader accessible as well. However, it still lacks NinnjaTrader and other advanced platforms, that are popular among futures traders.
As a result, the firm gets a 2.5 score in this section.
Phidias profit split is up to 95%, which is high. The withdrawals are slow and take 1–5 business days to get processed, which is not attractive. There are fees for withdrawals as well, which is another downside of this firm.
Overall, the firm gets a 3 score in this section.
The firm offers educational resources such as a glossary, starter packs for getting started with futures trading, a special prop firm glossary, the market profile, and so on. These resources offer traders the ability to learn futures trading, which is very useful.
As a result, the firm gets a 4 score in this section.
The firm falls short when it comes to customer support, as it only offers email support options. There is no live chat, which is a big downside of the firm. The lack of phone support is a red flag as well. The website and support are only available in 3 different languages, which is not enough to call the firm an international prop firm.
Overall, the firm gets a 1.2 score in this section.
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Phidias scam is still a possibility as the firm is young, lacks trader reviews, and offers simulated trading accounts only.
The firm lacks proper safety to be considered a good prop firm, even though it offers low start-up costs for futures prop traders.
The smallest monthly fee starts at 54 USD per month for a 50k USD challenge, which is very competitive.
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