Review · Futures
Phidias for US traders
A Gibraltar futures prop whose live accounts clear through a US futures broker.
- From
- $88
- $25K Express to Live (E2L)
- With code
- No code yet
- list prices only
- Profit split
- fixed bonus payout on 'Switch to Live', then a LIVE account at 80/20
- Time limit
- —
- Billing
- Monthly
- +$83 activation
- Since
- —
- Gibraltar
Can a US resident buy this?
Yes. The US isn't on their restricted list.
“Due to various regulations and legal considerations, we are currently unable to offer our trading services in certain countries. ... Restricted Countries Afghanistan ... Zimbabwe (United States not listed)” — their own words
“LIVE traders execute real capital through Dorman Trading, a registered FCM. Data flows through Tradovate and Rithmic.” — their own words
- Evidence:
- Firm's own FAQ / terms
- Read on:
- Oct 1, 2026
- State exclusions:
- None stated
Who it suits: US futures traders who want a path to a live account and can handle activation fees and payout thresholds.
Plans & prices
What it costs
Prices in USD, read on the firm's own site on Oct 1, 2026. No discount code yet: these are list prices.
| Program | $25K | $50K | $100K | $150K |
|---|---|---|---|---|
| Express to Live (E2L)1-step · per month · +$83 activation | $88 | $278 | $318 | $398 |
| Fundamental1-step · one-time · no activation fee | — | $580 | $723 | $863 |
| Premium1-step · one-time · no activation fee | — | $723 | $900 | $1,123 |
- Express to Live (E2L): Billing: two options: 'Evaluation' (eval fee + activation fee on pass; the ToU describe the evaluation as a monthly subscription recurring until passed or cancelled) or 'One-time payment' (no activation fee)
- Fundamental: Billing: one-time (only one-time pricing was displayed)
Rules
What you have to do to get paid
| Express to Live (E2L)1-step | Fundamental1-step | Premium1-step | |
|---|---|---|---|
| Profit target | $1,500 (25K) / $2,500 (50K) / $3,500 (100K) / $4,500 (150K) | $4,000 (50K) / $6,000 (100K) / $9,000 (150K) | $4,000 / $6,000 / $9,000 |
| Daily loss limit | — | — | — |
| Max drawdown | $500 (25K) / $650 (50K) / $800 (100K) / $1,000 (150K), static | $2,500 / $3,000 / $4,500 EOD trailing | $2,500 / $3,000 / $4,500 EOD |
| Drawdown type | — | — | — |
| Min. trading days | — | — | — |
| Time limit | — | — | — |
| Consistency rule | — | 30% on the CASH (funded) account | — |
| Payout cap | — | — | — |
| Profit split | fixed bonus payout on 'Switch to Live', then a LIVE account at 80/20 | 80/20 | progressive 75% -> 80% -> 85% -> 90% -> 100% from the 5th payout |
| Payout cycle | first payout converts to LIVE; LIVE = daily uncapped payouts | every 10 trading days, $500 min, cap $2,000 (50K) to $2,750 (150K) per period | every 5 trading days |
Read before you buy
The fine print, in plain English
Taken from their own pages. These are the rules most likely to cost you money.
Activation fee unless you choose one-time payment
On the cheaper 'Evaluation' pricing you pay an activation fee of $83–$169 when you pass, and the ToU say the monthly subscription keeps recurring until the account is validated or cancelled. The 'one-time payment' option has no activation fee.
Payout thresholds and caps on CASH accounts
Fundamental/Premium need a minimum balance above start (e.g. 50K needs $52,600) and cap each period (e.g. $2,000 on 50K). A trading day only counts with $150–$250 positive PnL.
30% consistency rule on funded CASH accounts
No single day's profit may exceed 30% of total profit on Fundamental/Premium CASH accounts (E2L is exempt).
LIVE promotion is discretionary; household limit
For Fundamental/Premium, going LIVE after 5 payouts or $100K is at the risk team's sole discretion. One household, company or internet connection is capped at 15 funded accounts in total.
What we found
Things you won’t read on their homepage
- 01
Phidias Propfirm advertises the code PHIDIAS80 on its own site (up to 80% off (homepage popup and configurator)). It's the firm's own promotion, not a code we negotiated, and we haven't tested it at checkout yet.
Sources
- Homepage + configurator ↗read Oct 1, 2026
- Rules (incl. Country Restrictions, Withdrawal Rules) ↗read Oct 1, 2026
- Terms of Usage ↗read Oct 1, 2026
- Help Center FAQ ↗read Oct 1, 2026
Sold by Phidias Propfirm LTD (Gibraltar). This is a paid evaluation on a simulated account, not a regulated product. “Accepts US residents” means the firm sells to Americans. It does not mean a US regulator oversees it. Rules and prices change, so check the firm’s current terms before you buy. Found something out of date? Tell us and we’ll re-check it.