Phidias PropFirm Review 2026: Worth It or Overhyped?

Is Phidias PropFirm worth it? Yes, if you want EOD (end-of-day) drawdowns, no daily loss limits, and fast payouts (24–48 hours). No, if you need extensive scaling plans or US-based access. This Phidias PropFirm review covers what most reviews won’t tell you: the firm’s 3.8/5 Trustpilot rating (276+ reviews) includes genuine payout confirmations alongside platform stability complaints, and their 25K Static account offers the fastest path to funded trading in 2026 — but at a cost structure that favors active traders over passive evaluators.

Phidias PropFirm is a Gibraltar-based futures prop firm founded in 2023 by two French traders. The firm offers $25K to $1M funding with an 80% profit split and one-step evaluations. Their standout feature is genuine EOD trailing drawdowns — not intraday — which gives swing traders real flexibility.

Here’s everything you need to know before purchasing a Phidias evaluation in 2026.

Disclosure: This article contains affiliate links. We may earn a commission if you sign up through our links, at no extra cost to you. Our reviews reflect independent, honest assessments.

Trustpilot Rating	Profit Split	Payout Speed
3.8/5 (276+ reviews)	80% (90% on LIVE)	24–48 hours

Sources: Trustpilot, Phidias official site, QuantVPS — February 2026

What Is Phidias PropFirm?

Phidias PropFirm launched in 2023 and operates from Gibraltar. Founded by two experienced French traders, the firm focuses exclusively on futures markets with access to CME, CBOT, NYMEX, and COMEX instruments. Unlike CFD prop firms that use simulated execution, Phidias connects traders to live futures markets through Rithmic data feeds.

The firm’s name references Phidias, the ancient Greek sculptor — a branding choice meant to convey craftsmanship and precision in trading development. As of February 2026, Phidias reports over 10,000 registered traders and offers funding from $25K to $1M across four account types: Static, Fundamental, Swing, and the elite Master Account.

Phidias distinguishes itself with genuine EOD (end-of-day) trailing drawdowns. Most futures prop firms claim EOD but still calculate drawdowns intraday on unrealized P&L. Phidias does not. Your drawdown threshold only recalculates at market close (10 PM UTC for Fundamental, 5 PM ET for Swing), giving you real intraday breathing room.

The firm offers multilingual support (English, French, Spanish) and processes payouts via RISE, a crypto-friendly payment platform. Website traffic surged 1,406% year-over-year as of February 2026 according to TradersUnion data, indicating rapid growth but also raising questions about infrastructure scaling.

Phidias PropFirm Review: Account Types and Evaluation Structure

25K Static Account — Fastest Path to Funded Trading

The 25K Static account is Phidias’s flagship offering and the fastest route to funded trading in the prop firm industry as of 2026. Here’s how it works:

• Account size: $25,000
• Profit target: $1,500 (6%)
• Drawdown: $500 static (does not trail)
• Minimum trading days: 3 days
• Overnight holds: Not permitted
• Contract limit: 2 E-mini or 20 micro contracts
• Direct to LIVE: Pass evaluation, receive funded account, make first payout, upgrade to LIVE on Day 3

The Static account’s key advantage is the fixed $500 drawdown. It does not trail with unrealized profit, meaning your risk parameters never change. This is significantly more forgiving than trailing models that punish partial profit reversals.

Traders report passing the 25K Static evaluation in 3–4 days and receiving first payouts within 24–48 hours. After your first payout, you upgrade directly to a LIVE account with daily payout eligibility — no 3-payout requirement or $75K threshold like Fundamental/Swing accounts.

Cost: $149–$199 depending on promotions (one-time payment, no activation fee)

Fundamental Account — Classic Intraday Evaluation

The Fundamental account targets day traders who close all positions before market close. Available in $50K and $100K sizes.

• Profit target: $3,000 (50K) or $6,000 (100K)
• Drawdown: 5% EOD trailing
• Minimum trading days: 7 days
• Overnight holds: Not permitted (must close by 10 PM UTC)
• Contract limits: 4 E-mini (50K), 8 E-mini (100K)

The EOD trailing drawdown calculates at market close based on your highest realized P&L that day. Unrealized profit does not affect your drawdown during trading hours — a genuine EOD implementation that most firms claim but do not deliver.

Cost: Monthly subscription model ($99–$199/month depending on account size)

Swing Account — Overnight and Weekend Holds

The Swing account allows overnight and weekend position holds, making it one of the few futures prop firms that truly supports swing trading strategies. Same $50K/$100K sizes and profit targets as Fundamental.

• Key difference: Positions can be held overnight and through weekends
• Drawdown: 5% EOD trailing (calculated at 5 PM ET close)
• Minimum trading days: 7 days

Swing traders consistently praise this account in Trustpilot reviews. One verified trader reported: “The ability to hold overnight without penalties is rare. Phidias delivers on this promise.”

Cost: Monthly subscription ($119–$219/month)

Master Account — $1M Elite Tier

The Master Account offers $1 million in funding and is reserved for experienced professionals. As of February 2026, Phidias has not publicly disclosed full Master Account requirements, but sources indicate:

• Eligibility: Invitation-only or application-based
• Features: Futures options trading (long positions), ability to sell options unlocked at $200K profit
• No resets available (unlike other account types)

This account is not marketed publicly and appears designed for traders graduating from Fundamental/Swing accounts.

Phidias PropFirm Trading Rules

Drawdown Rules — Genuinely EOD

Phidias uses end-of-day trailing drawdowns across all account types except the 25K Static (which has a fixed $500 drawdown). The critical detail: drawdown only recalculates at market close based on realized P&L at that time. Unrealized profit during the trading session does not move your threshold.

Example: You start a $100K Fundamental account with a $95,000 breach level (5% trailing). You open a trade that goes up $2,000 intraday. Your breach level does not move to $97,000 during the session. Only at market close (10 PM UTC) does the system calculate: if you closed the day at +$2,000 realized, your new breach level becomes $97,000 for the next trading day.

This is materially different from firms like Apex that trail intraday on unrealized P&L. Phidias’s structure gives genuine flexibility.

No Daily Loss Limits

Phidias does not enforce daily loss limits. You can lose any amount in a single session as long as you do not breach the maximum drawdown. For swing traders and news traders, this removes the single biggest evaluation killer.

Consistency Rule (30%)

Phidias enforces a 30% consistency rule: no single trading day can represent more than 30% of your total profits. This prevents spike-based passes where traders hit the target in one or two lucky sessions.

The rule applies during evaluation and funded trading. Violations result in account review or termination depending on severity.

Minimum Trading Days

• 25K Static: 3 days
• Fundamental/Swing: 7 days

A “trading day” requires at least $150 (50K), $200 (100K), or $250 (150K) in positive P&L. Losing days do not count.

Permitted Strategies

Phidias explicitly allows:

• News trading (no blackout periods)
• Algorithmic trading and EAs
• Scalping with no minimum hold time
• Copy trading (within reason)

This is more permissive than many competitors. However, Phidias reserves the right to review accounts for “gambling practices unrelated to trading” — vague language that has triggered complaints in Trustpilot reviews.

Phidias PropFirm Payouts: Speed and Reliability

Profit Split

• CASH accounts: 80% to trader, 20% to Phidias
• LIVE accounts: 90% to trader, 10% to Phidias (after 3 payouts or $75K cumulative)

The 90% split on LIVE accounts is competitive with top-tier firms like MyFundedFX and FundingPips.

Payout Processing Speed

Phidias processes payouts via RISE (formerly RISEWORKS), a crypto-friendly payment platform. Processing timeline:

• Approval: 1–4 hours on business days
• Transfer: RISE processes instantly once approved
• Total time: 24–48 hours from request to funds in account

Multiple Trustpilot reviews confirm sub-24-hour payouts: “Received my second payout today! Both were processed and in my wallet in 24 hours!” (Jan 2026). Another trader reported a 7-hour payout turnaround on their first withdrawal.

Payout Schedule

• CASH accounts: Bi-weekly (1st–14th, 15th–end of month)
• LIVE accounts: Daily payouts available

Daily payouts are the key LIVE account advantage. Once you complete 3 payouts from any CASH account or accumulate $75K in total payouts, you upgrade to LIVE and can request withdrawals daily.

Minimum Withdrawal

• Minimum per request: $500
• Account balance requirement: Must leave starting balance + $100 in account

LIVE Credits System

Phidias uses a “LIVE credits” system to track withdrawable profit. LIVE credits represent profit above your starting balance and adjust dynamically with wins and losses. For example:

• $50K account → $750 LIVE credit bonus per validated account
• $100K account → $1,000 LIVE credit bonus
• $150K account → $1,250 LIVE credit bonus

These credits add to your withdrawable balance once accounts are validated. The system is more complex than a simple profit split but offers scaling advantages for traders managing multiple accounts.

Payout Complaints

While many reviews praise fast payouts, some traders report issues:

• “Spent thousands over the years. Finally quit after a Rithmic outage deleted all my accounts, including funded accounts, and support says they won’t restore them unless I provide proof they ever existed.” (Trustpilot, Jan 2026)
• “Beware, they will scam you and then will kick you from the discord.” (Trustpilot, Jan 2026)

These complaints represent a minority of reviews but indicate infrastructure and support issues worth noting.

Trading Platforms and Tools

Phidias supports Rithmic-compatible platforms only. Confirmed platforms as of February 2026:

• NinjaTrader
• Sierra Chart
• Quantower
• ATAS
• Bookmap (required for Static accounts)

DeepCharts controversy: Multiple Trustpilot reviews mention Phidias advertising “free DeepCharts” but requiring a paid subscription after signup. One reviewer (Jan 2026): “Scammers. Promises free version of DeepCharts and when I signed up they are saying I need to have a paid version of DeepCharts to use their service.”

Phidias has not publicly clarified this discrepancy as of February 2026.

Dashboard and Monitoring

Phidias provides a proprietary Rtrader Pro dashboard for real-time monitoring. The dashboard shows:

• Current balance vs. drawdown threshold
• Trading days completed
• Payout eligibility status
• LIVE credits balance

Complaints about “CRITICAL DATA ERROR” and dashboard lag appear in multiple recent reviews (Jan 2026), suggesting platform stability issues under load.

Phidias PropFirm Trustpilot Review: What Traders Actually Say

Phidias holds a 3.8/5 Trustpilot rating from 276+ reviews as of February 2026. For comparison:

• The5ers: 4.9/5 (11,000+ reviews)
• FTMO: 4.4/5 (17,000+ reviews)
• Topstep: 4.3/5 (11,500+ reviews)

Phidias’s rating sits below industry leaders but above the 3.5 red-flag threshold.

Positive Reviews (Verified)

• “They have extremely responsive customer service probably some of the best I’ve ever dealt with from a propfirm.” (Nov 2025)
• “I’ve been happily trading with Phidias for four months now and have never had a single problem. I have received multiple payments totaling $4,000+, all of them in under 24 hours.” (Sep 2025)
• “Received my second payout today! Both ones were processed and in my wallet in 24 hours!” (Jan 2026)

Negative Reviews (Verified)

• “CRITICAL DATA ERROR too many times. Need to improve bigtime. Trader dashboard lags also.” (Jan 2026)
• “I am disappointed with this prop firm after spending several months with them and investing several thousand dollars. There is a clear lack of compensation for traders, especially today with the Rithmic outage.” (Dec 2025)
• “Beware, they will scam you and then will kick you from the discord. Also dont get the DeepCharts, it doesnt have any of the features.” (Jan 2027)

Pattern Analysis

Positive reviews consistently mention fast payouts and responsive support. Negative reviews cluster around platform stability (data errors, dashboard lag) and account terminations following Rithmic outages without restoration. The Rithmic outage complaints are particularly concerning because they suggest Phidias does not maintain adequate backup or restoration protocols.

Phidias PropFirm Costs and Fees

Evaluation Fees

Account Type	Size	Evaluation Fee	Activation Fee
25K Static (OTP)	$25,000	$149–$199	$0
Fundamental	$50,000	$99/month	$80–$169
Fundamental	$100,000	$149/month	$80–$169
Swing	$50,000	$119/month	$80–$169
Swing	$100,000	$169/month	$80–$169

Note: OTP = One-Time Payment (no activation fee). Fundamental/Swing require monthly subscription + activation fee after passing.

Total Cost Analysis

The 25K Static OTP is the most cost-effective path: $149–$199 total with no activation fee. Fundamental/Swing accounts require monthly subscriptions, making them more expensive if you take multiple months to pass. Example:

• Pass in 1 month: $99 + $169 activation = $268 total (50K Fundamental)
• Pass in 3 months: $297 + $169 activation = $466 total

Compared to FTMO ($556 for $100K, refunded on first payout), Phidias is cheaper upfront but subscriptions add up over time.

Reset Fees

Phidias offers two reset options if you breach during evaluation:

• Immediate reset: Purchase at discounted rate (varies by promo)
• Automatic reset: Free after 30 days

The 30-day automatic reset is uncommon in the industry and trader-friendly.

Phidias PropFirm Pros and Cons

Pros

• Genuine EOD drawdowns: Not intraday, not on unrealized P&L — actual end-of-day calculation
• No daily loss limits: Trade through volatility without arbitrary 24-hour caps
• Fast payouts: 24–48 hours confirmed by multiple verified reviews
• Swing trading support: Real overnight/weekend holds on Swing accounts
• 25K Static path: Fastest route to funded trading (3 days minimum)
• Permissive rules: News trading, EAs, scalping all allowed
• 30-day free reset: Unusual trader-friendly policy
• 90% profit split on LIVE: Competitive with top-tier firms

Cons

• Platform stability issues: “CRITICAL DATA ERROR” and dashboard lag complaints in recent reviews
• 3.8/5 Trustpilot rating: Below industry leaders (FTMO 4.4, The5ers 4.9)
• Rithmic outage complaints: Account deletions without restoration after infrastructure failures
• DeepCharts controversy: Advertised as free, actually requires paid subscription
• Monthly subscription model: Fundamental/Swing accounts more expensive over time than one-time evaluation fees
• Vague “gambling practices” language: Account review/termination criteria not clearly defined
• Young firm: Only 3 years old (founded 2023); long-term stability unproven
• Limited scaling transparency: No public scaling plan or account growth roadmap

Phidias PropFirm vs. Competitors

Firm	Trustpilot	Drawdown Type	Profit Split	Payout Speed
Phidias	3.8/5 (276+)	EOD trailing	80–90%	24–48 hours
Apex	4.4/5 (17K+)	Intraday trailing	100% first $25K, 90% after	8 trading days
Tradeify	4.8/5 (131)	EOD	90%	Bi-weekly
Topstep	4.3/5 (11.5K)	Trailing	80%	Bi-monthly
MFFU	4.9/5 (15K+)	Static/trailing	80–90%	1-min (Rapid)

Phidias sits in the middle: better drawdown structure than Apex, faster payouts than Topstep, but lower reputation score than Tradeify and MFFU.

Bottom Line: Is Phidias PropFirm Worth It in 2026?

Phidias PropFirm is worth considering if you prioritize EOD drawdowns, no daily loss limits, and fast payout processing. The 25K Static account offers the fastest path to funded trading in the industry as of February 2026, and verified traders confirm 24–48 hour payout turnarounds.

However, the firm’s 3.8/5 Trustpilot rating and recent complaints about platform stability, Rithmic outage handling, and the DeepCharts controversy suggest infrastructure and support gaps. For risk-averse traders, more established firms like Topstep (14 years, $150M+ payouts) or FTMO (10+ years, $450M+ payouts) offer greater operational maturity.

Phidias works best for active day traders and swing traders who can pass evaluations quickly (reducing subscription costs) and want daily access to profits. If you trade conservatively or need multiple months to pass evaluations, the monthly subscription model becomes expensive relative to one-time evaluation firms.

Best for: Swing traders, news traders, fast evaluators, traders prioritizing EOD drawdowns over reputation

Skip if: You need rock-solid platform stability, prefer one-time evaluation fees, or prioritize firms with 4.5+ Trustpilot ratings

For more comparisons, see our best futures prop firms with no daily limit, Apex Trader Funding review, and Tradeify review.

Frequently Asked Questions: Phidias PropFirm Review

Is Phidias PropFirm legit?

Yes, Phidias PropFirm is a legitimate futures prop firm registered in Gibraltar since 2023. The firm has a 3.8/5 Trustpilot rating from 276+ reviews, with verified traders confirming payouts within 24–48 hours. However, recent complaints about platform stability and Rithmic outage handling suggest operational challenges that more established firms have resolved.

How fast are Phidias PropFirm payouts?

Phidias processes payouts within 24–48 hours via RISE payment platform. Approval typically takes 1–4 hours on business days, after which RISE transfers funds instantly. Multiple verified Trustpilot reviews confirm sub-24-hour payout turnarounds. LIVE accounts (after 3 payouts or $75K cumulative) have daily payout eligibility.

Does Phidias PropFirm have daily loss limits?

No. Phidias does not enforce daily loss limits on any account type. You can lose any amount in a single session as long as you do not breach the maximum EOD trailing drawdown (5% on Fundamental/Swing, $500 static on 25K Static). This makes Phidias suitable for swing traders and news traders who face overnight gaps and volatility.

What is the Phidias PropFirm profit split?

Phidias offers an 80/20 profit split on CASH accounts (you keep 80%, firm keeps 20%). After completing 3 payouts from one account or accumulating $75K in total payouts, you upgrade to a LIVE account with a 90/10 split. The 90% split on LIVE accounts is competitive with top-tier firms like MyFundedFX and FundingPips.

Can you hold positions overnight with Phidias PropFirm?

Yes, on Swing accounts only. Swing accounts allow overnight and weekend position holds with drawdown calculated at 5 PM ET close. Fundamental accounts require closing all positions by 10 PM UTC. The 25K Static account does not allow overnight holds. Phidias is one of the few futures prop firms that genuinely supports swing trading strategies.