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Phidias Propfirm
Phidias Propfirm At a Glance
Phidias is a US-futures prop firm whose distinguishing feature is static drawdown on its flagship Express to Live accounts — a fixed loss limit that never moves, instead of one that trails your unrealised profit.
- Propfirmito Score: see the score chip above — recomputed daily from the firm’s published pricing and rules
- Legal entity: Phidias Propfirm LTD, registered in Gibraltar
- Market: US futures
- Programs: Express to Live, Fundamental, Premium, and a monthly 10K Drawdown Challenge with $24,000 in prizes
- Drawdown: static on Express to Live; end-of-day trailing on Fundamental and Premium
- Profit split: 80/20 on Fundamental; progressive 75% up to 100% on Premium
- Minimum trading days: 0 on Express to Live, 1 on Premium, 3 on Fundamental
- Consistency rule: 30% on CASH accounts — explicitly not applied to Express to Live
- Payouts: 90% processed under 30 minutes, always within 24 hours · no locked buffer
- Live clearing: Dorman Trading, a registered FCM; data via Tradovate and Rithmic
- Platforms: Rithmic, Tradovate, DeepCharts — compatible with TradingView and NinjaTrader
- Account limits: up to 5 Premium + 5 Fundamental + 5 Express to Live per person (15 total); copy trading allowed within that
- Track record: $15M+ paid · 25,000+ traders funded · 3 years operating
- Restricted countries: 58, including Malta, Romania, Bulgaria, Croatia and Slovenia. Italy, France, Spain, Germany, the UK and the US are not restricted
- Our discount: 80% OFF with code RAMESCO
Who Is Phidias Propfirm?
Phidias Propfirm LTD is registered in Gibraltar and has been operating for around three years, with more than $15 million paid to traders and 25,000+ funded accounts. Support runs in English, French and Spanish, which is unusual in a sector that is overwhelmingly English-only, and the site maintains full French and Spanish localisations.
The firm positions itself explicitly against trailing drawdown. Its own framing is blunt: trailing drawdown “moves up with every dollar of unrealized profit” and is, in its words, the number one reason traders get breached at other firms. Express to Live accounts therefore use a static drawdown, and Fundamental and Premium use end-of-day drawdown that is fixed for the duration of each day rather than moving tick by tick.
One structural detail worth knowing: LIVE trades are cleared through Dorman Trading, a registered Futures Commission Merchant, with data flowing through Tradovate and Rithmic. That is a real counterparty rather than a purely simulated environment, and it is the sort of disclosure we like to see. Set against that, the Gibraltar registration is a lighter-touch regulatory domicile than an EU or US one, and our methodology weighs jurisdiction as part of the Trust pillar — it is the single largest drag on this firm’s score.
Phidias Pricing (Verified August 2026)
The table shows the One-Time Payment route, where the activation fee is included. Phidias also sells an evaluation route with a lower upfront cost, on which an activation fee of $83–$169 falls due when you pass. RAMESCO takes 80% off, and every price below is exactly 80% of list.
| Account | List | With RAMESCO | Drawdown | Profit target | Min days | Max minis / micros |
|---|---|---|---|---|---|---|
| 25K Express to Live | $277 | $55.40 | $500 static | $1,500 | 0 | 2 / 20 |
| 50K Express to Live | $723 | $144.60 | $650 static | $2,500 | 0 | 5 / 50 |
| 100K Express to Live | $900 | $180.00 | $800 static | $3,500 | 0 | 7 / 70 |
| 150K Express to Live | $1,125 | $225.00 | $1,000 static | $4,500 | 0 | 9 / 90 |
| 50K Fundamental | $580 | $116.00 | $2,500 EOD | $4,000 | 3 | 10 / 100 |
| 100K Fundamental | $723 | $144.60 | $3,000 EOD | $6,000 | 3 | 14 / 140 |
| 150K Fundamental | $863 | $172.60 | $4,500 EOD | $9,000 | 3 | 17 / 170 |
| 50K Premium | $723 | $144.60 | $2,500 EOD | $4,000 | 1 | 10 / 100 |
| 100K Premium | $900 | $180.00 | $3,000 EOD | $6,000 | 1 | 14 / 140 |
| 150K Premium | $1,123 | $224.60 | $4,500 EOD | $9,000 | 1 | 17 / 170 |
A failed evaluation can be reset by purchase, or resets automatically after 30 days. All subscriptions are final — Phidias offers no refunds or exchanges.
Account Types Compared
These are three genuinely different products, not three sizes of the same one. Read this table before you look at price.
| Express to Live | Fundamental | Premium | |
|---|---|---|---|
| Sizes | 25K, 50K, 100K, 150K | 50K, 100K, 150K | 50K, 100K, 150K |
| Drawdown | Static — never moves | EOD trailing | EOD trailing |
| Min trading days | 0 | 3 | 1 |
| Consistency rule | None | 30% (CASH) | 30% (CASH) |
| Daily loss limit | None | Applies | Applies |
| Profit split | Standard | 80 / 20 | Progressive 75% → 100% |
| Overnight / weekend holds | — | Intraday only | Allowed |
| Route to LIVE | First payout converts straight to LIVE | After 5 payouts or $100K cumulative profit, at the firm’s discretion | After 5 payouts or $100K cumulative profit, at the firm’s discretion |
Express to Live is the reason most traders come here: no consistency rule, no daily loss limit, no minimum days, and a static drawdown. The cost is how tight that drawdown is — $800 on a 100K account is 0.8% of the balance, against a $3,500 target. Fundamental and Premium give you far more room ($3,000 on the 100K) but reintroduce trailing drawdown, minimum days and the consistency rule.
Trading Rules Matrix
| Rule | Phidias |
|---|---|
| Drawdown type | Static on Express to Live; end-of-day, fixed for the day, on Fundamental and Premium |
| Funded drawdown floor | Stops trailing at $50,100 on a 50K and $100,100 on a 100K |
| Consistency rule | 30% of total balance from any single day — CASH accounts only, never Express to Live |
| Minimum trading days | 0 / 1 / 3 depending on product |
| News trading | Allowed |
| Contract rules | Must trade the most recent, highest-volume contract; no calendar-spread trading on the same product; Treasury one-tick arbitrage prohibited |
| Account limits | 5 Premium + 5 Fundamental + 5 Express to Live per person, company or connection |
| Copy trading | Allowed within those account limits |
| Reset | Purchase a reset, or wait 30 days for an automatic one |
| Refunds | None — all subscriptions final |
| MASTER LIVE | 120 days live plus a $250,000 balance, cumulative with payouts |
Trading Platforms
| Platform | Notes |
|---|---|
| Rithmic | Market data feed; works with any Rithmic-compatible platform |
| Tradovate | Cloud-native futures platform; also the LIVE onboarding route for Ontario residents |
| DeepCharts | Sold directly by Phidias, running on dxFeed data |
| TradingView / NinjaTrader | Supported as compatible platforms |
Payouts, Restrictions and Access
| Payout speed | 90% processed under 30 minutes; always within 24 hours |
| Payout denials | The firm states every payout has been approved since launch |
| Buffer | No locked buffer — you can withdraw into the payout threshold |
| Premium payout cadence | Every 5 days |
| Total paid | $15M+ |
| Restricted countries | 58, including Malta, Romania, Bulgaria, Croatia, Slovenia, South Africa, Indonesia, the Philippines, Pakistan and Nigeria |
| Canada | Not restricted. Ontario residents onboard to LIVE via Tradovate or NinjaTrader; the rest of Canada via Dorman Trading on Rithmic feeds |
Check the restricted list before buying — it is longer than most and includes five EU member states.
Frequently Asked Questions
What is the Phidias discount code?
RAMESCO, giving 80% off. It takes the 25K Express to Live from $277 to $55.40 and the 100K from $900 to $180. Phidias also runs an equivalent public code, so ours matches the best available price rather than beating it.
What is static drawdown?
A loss limit fixed in dollars that never moves. Trailing drawdown rises with unrealised profit, so a winning move followed by a pullback can breach you even while you are net positive. Phidias uses static drawdown on all Express to Live accounts.
Does Phidias have a consistency rule?
30% on CASH accounts — no single day may exceed 30% of total balance. It explicitly does not apply to Express to Live accounts, which also have no daily loss limit.
How many trading days are required?
None on Express to Live. Premium requires 1 day and Fundamental requires 3.
How fast are Phidias payouts?
90% are processed in under 30 minutes and all within 24 hours. There is no locked buffer, so you can withdraw into the payout threshold rather than having to clear it first.
What is the Phidias profit split?
Fundamental accounts pay a standard 80/20. Premium accounts use a progressive split starting at 75% and rising to 100%.
Where is Phidias registered?
Phidias Propfirm LTD is registered in Gibraltar. LIVE trades are cleared through Dorman Trading, a registered FCM, with data via Tradovate and Rithmic.
Which countries are restricted?
58 countries, including Malta, Romania, Bulgaria, Croatia, Slovenia, South Africa, Indonesia, the Philippines, Pakistan and Nigeria. Italy, France, Spain, Germany, the UK and the US are not restricted, and Canada is available with a province-dependent LIVE onboarding route.
Propfirmito’s Verdict on Phidias
Best For
- Traders who have been breached by trailing drawdown and want a static limit that cannot move against them
- Anyone who wants a rule set stripped back to essentials — Express to Live has no consistency rule, no daily loss limit and no minimum days
- Traders who value payout speed: sub-30-minute processing, no locked buffer
- French and Spanish speakers, who get native-language support and a fully localised site
Not Ideal For
- Traders who need room to breathe — $800 of static drawdown on a 100K account is tight by any standard
- Anyone who weights regulatory domicile heavily; Gibraltar is lighter-touch than an EU or US registration
- Residents of the 58 restricted countries, a list longer than most and including five EU member states
- Traders who want the option of a refund — all subscriptions are final
Figures on this page were taken from phidiaspropfirm.com and verified in August 2026. For how we rate prop firms, see our methodology. See the full Phidias discount page, or compare Phidias against other futures firms on our best offers page.