Phidias Propfirm Review 2026

Phidias Propfirm is a leading European proprietary trading firm founded by experienced French traders. It offers a comprehensive platform for aspiring traders to learn, grow, and achieve financial success.

Phidias provides a range of account types to cater to different trading styles and risk tolerances. These include swing trading accounts, which allow traders to hold positions overnight and over weekends, as well as more structured fundamental accounts with specific trading rules. Traders can choose from account sizes ranging from $50,000 to $1 million, each with its own set of profit targets and drawdown limits.

This flexibility allows traders to start at a level that suits their experience and capital. Phidias offers exciting challenges like the 10K Drawdown Challenge, where traders can prove their skills and potentially earn a funded account. These challenges provide an opportunity to test one’s abilities and accelerate their trading journey. Phidias prioritizes risk management by implementing strict drawdown rules, including daily calculations. This helps protect traders’ capital and ensures a sustainable approach to trading.

The firm provides comprehensive support to its traders, including technical assistance, detailed performance reports, and access to a supportive community. This helps traders improve their skills, make informed decisions, and maximize their potential. Phidias offers a generous profit-sharing model, allowing traders to keep up to 90% of their profits. This incentivizes performance and rewards traders for their success.

As a leading European prop firm, Phidias brings a wealth of experience and expertise to the table. The firm offers a variety of account options to suit different trading styles and risk preferences. Phidias provides exciting challenges and opportunities to test and improve one’s skills. The firm prioritizes risk management to protect traders’ capital and ensure long-term success. Phidias offers a supportive community, expert guidance, and detailed performance reports. The firm rewards its traders with a generous profit-sharing model.

Phidias Propfirm is more than just a trading firm; it’s a partner in your trading journey, offering the tools, support, and opportunities to help you achieve your financial goals.

Accounts Overview

Phidias Propfirm offers two types of accounts, the Fundamental Account & Swing Account, designed to cater to traders with varying levels of experience and capital. These accounts provide an excellent platform for developing trading skills in a controlled environment.

Phidias Propfirm is committed to supporting traders on their journey to profitability. They believe that responsible trading leads to shared success.

Accounts	Monthly Fee	Lifetime Fee	Reset
50K Fundamental	$54	$174	$45
100K Fundamental	$86	$217	$75
50K Swing	$110	$217	$79
100K Swing	$165	$270	$99
10K Drawdown	$21	N/A	$19
Master 1M	$2185	Free	$999

Fundamental Accounts

These accounts are designed for traders who focus on the underlying value of an asset.

50K Fundamental:

Requires a minimum of $50,000 in your account.
You can trade up to 10 contracts at a time.
Your goal is to make $4,000 in profit.
You have a safety net of $2,500 in losses before your account is closed.

100K Fundamental:

Requires a minimum of $100,000 in your account.
You can trade up to 14 contracts at a time.
Your goal is to make $6,000 in profit.
You have a safety net of $3,000 in losses before your account is closed.

Swing Accounts

These accounts are for traders who hold their positions for longer periods, often overnight or over weekends.

50K Swing:

Requires a minimum of $50,000 in your account.
You can trade up to 10 contracts at a time.
You can hold positions overnight or over weekends.
Your goal is to make $4,000 in profit.

100K Swing:

Requires a minimum of $100,000 in your account.
You can trade up to 14 contracts at a time.
You can hold positions overnight or over weekends.
Your goal is to make $6,000 in profit.

10K Drawdown Challenge

This is a competition where you can win a funded account.

How it works: You pay a small fee to enter, and you’re given a $10,000 account to trade.
The goal/Prize: To make the most profit and win a Funded Account account.

Master Account

The Master account is a special account within Phidias Propfirm that is only available to Phidias Propfirm most experienced and successful traders. This account has a capital of one million US dollars and is reserved for those who have demonstrated exceptional skill and performance in the financial markets.

The Master account offers a number of advantages, including:

Higher capital: This allows traders to take on larger positions and diversify their trading strategies.
Access to futures options: This gives traders more flexibility and opportunity to manage risk.
Personalized support: We work closely with Master account holders to provide them with the tools and resources they need to succeed.

However, the Master account is also subject to specific rules and regulations. This is because it is a high-risk, high-reward account. We want to ensure that Phidias Propfirm traders are using this account responsibly.

If you are able to maintain consistent profitability on your Master account and meet Phidias Propfirm account objectives, Phidias Propfirm may be willing to allocate additional funds to you. We are committed to helping Phidias Propfirm traders reach their full potential.

General rules

You choose and purchase the account size that best suits your goals and trading style. Please note that this option does not apply to the master account. Thereafter, the monthly subscription is recurring until the account is validated or canceled. This fee covers access to data feeds and a number of the prop firm tools and services to help you succeed.

Once you have registered and paid the subscription fee, Phidias Propfirm will send you an automatic e-mail with your RITHMIC identifiers. You can start your evaluation account via the trading platform of your choice (which supports the data feeds provided by RITHMIC). This is your first step towards live trading.

End of Day rules (EOD)

In the evaluation phase at Phidias Propfirm, risk management is key to ensuring your growth as a trader.

They employ two key mechanisms: Authorized Drawdown and Trailing End of Day, to safeguard your capital while giving you room to succeed.

Authorized Drawdown Management:

Phidias calculates your drawdown at the end of each trading day. This means your drawdown limit remains fixed throughout the day, and only if your account balance exceeds this limit will you be liquidated.

The smart part? Unrealized profits during the day don’t affect your drawdown. If you make gains, your drawdown is recalculated based on your end of day balance, giving you an extra layer of flexibility.

For example, on a $50,000 account, if you reach a new profit peak at the end of the day, your drawdown adjusts based on that balance.

Trailing End of Day:

Phidias automatically adjusts your daily stop-loss as your capital increases. For instance, if you start with $50,000 and have a daily stop-loss of $2,500, you won’t be liquidated unless your balance drops below $47,500. If you finish the day with a $500 profit, your new stop-loss adjusts upward, reducing your risk as you grow. This process repeats daily as you continue to make gains, giving you peace of mind and more control over your trades.

For challenge accounts, your drawdown remains consistent throughout the evaluation process, but for funded accounts, the drawdown stops trailing after reaching a fixed amount ($50,100 for a $50K account or $100,100 for a $100K account).

What’s great about Phidias is the fixed liquidation price for the day. If your liquidation amount is set at $47,500, it won’t change during the day, no matter how much you profit during trading. This allows you to take calculated risks without constantly worrying about sudden liquidation.

At Phidias Propfirm, these risk management tools give you the support you need to trade responsibly and grow. It’s all about helping you succeed while keeping your risks in check.

Discipline and Consistency

As a trader, it’s important to choose a prop firm that aligns with your trading style and values. Phidias Propfirm is committed to fostering a disciplined and consistent trading environment. Here’s a breakdown of their key policies:

Defined Trading System: Have clear rules for entering, exiting, and managing risk.
Consistent Operations: Maintain stable trading practices, avoiding erratic behavior.
No Automated or High-Frequency Trading: Active monitoring of trades is essential.
Avoid Speculation: Focus on sustainable growth rather than quick gains.
No News Trading: Stick to your strategy, regardless of market news.
Respect and Professionalism: Treat others with respect, both online and offline.

Additional Policies:

Profit Limits: Daily profits are capped at 30% of the account balance.
Contract Expiration Rules: Trade the most liquid and recent contracts.

By adhering to these policies, Phidias Propfirm aims to create a fair and equitable trading environment for all its traders. If you have any questions, don’t hesitate to reach out to their support team for clarification.

Phidias Propfirm Trading Style

This guide outlines important information for Phidias Propfirm traders, categorized by account type and topic.

Market Data Access:

During evaluation, you’ll receive free top-of-book data for the CME.
Market depth can be purchased for individual exchanges (€11) or all four (€33) on the Rithmic Addons tab in your member area.

Account Positions:

Fundamental Accounts: All positions must be closed before the end of the trading day (UTC time) to avoid disqualification. ( Refer to CME’s website for official trading hours and holidays)
Swing and Master Accounts: Positions can be held overnight and over-week, with lot sizes based on your account size.

Trading Economic News: Evaluation Period: Trading during news events is allowed.

Funded Accounts (Swing, Fundamental, 10k Drawdown):

Certain high-impact economic announcements require closing positions before and after the release

Oil Inventories (Oil Stock)
NFP (Non-Farm Payrolls)
CPI (Consumer Price Index)
PPI (Producer Price Index)
FOMC (Federal Open Market Committee) and Meetings
FED President’s Speech
PMI (Purchasing Managers’ Index)
IPC (Consumer Price Index), IPP (Producer Price Index)
This helps manage risk during periods of increased volatility.

Number of Accounts and Copy Trading:

Limit: A maximum of 20 funded accounts + 1 MASTER account + 1 Full Margin 10K account per tax household, business, or internet connection.
Exceeding this limit will result in disqualification and withheld payments.
Accounts exceeding the limit will be considered lost (CASH accounts).

Copy Trading: Allowed within Phidias guidelines:

Third-party copy trading software/platforms are permitted.
Phidias Propfirm is not responsible for issues with these platforms.
It’s your responsibility to ensure usage complies with Phidias rules and account limits.
Violating the 20+2 account limit will result in account suspension.

Phidias reserves the right to suspend accounts exceeding allocated capital value across multiple accounts.

Payout and Withdrawals

Phidias Propfirm has a structured payment system to ensure financial flexibility for its traders. Here’s a breakdown of the key points:

Withdrawals:

Minimum Withdrawal: $1,000
Withdrawal Timing: Requests must be made between the 20th and 25th of each month.
Account Minimums: Maintain a specific balance to withdraw.
Processing Fees: A 20% commission is deducted for the first three withdrawals, then it drops to 10%.

Withdrawal Conditions:

10 trading days of activity before the first withdrawal.
10 trading days between the first three withdrawals.
After three withdrawals, you can withdraw anytime.
Maximum Withdrawal Limits: Caps on withdrawals based on account size.
Tax Considerations: Consult a tax professional for advice.
Payment Options: Bank transfer or ACH.

Refund Policy:

Final Subscriptions: All subscriptions are final.
No Refunds: No refunds or exchanges are offered.
It’s important to understand these policies before signing up with Phidias Propfirm.

Instrument

Phidias Propfirm offers a wide range of instruments, including Forex, indices, commodities, rates, and cryptocurrencies. However, they do not allow gambling behaviors. They emphasize that serious, rule-abiding traders are the focus. In cases of repeated non-conforming behavior, Phidias reserves the right to reduce risk through measures such as removing positions or closing accounts.

Platforms

Phidias Propfirm is a trading firm that offers a variety of trading opportunities. They use Rithmic’s R | API and TradeFollower™ software to manage client accounts. This means that they can copy trades from one account to another, but they also manage risk internally. This ensures that traders’ performance and profits are honored, regardless of whether their positions are copied.

Accounts can be used with any platform that supports Rithmic feeds, such as Sierra Chart, Quantower, Atas, and Bookmap.

Phidias Propfirm Pros & Cons

Pros:

High Capital: $1 million to trade with.
Flexible Trading: No strict trading day requirements.
Generous Profit Sharing: Up to 90% of profits.
No Withdrawal Limits: Easy access to your earnings.
Diverse Markets: Trade on US, EU, and Asian exchanges.
Affordable Activation: Low one-time fee.
Expert Support: 24/7 assistance.
Lifetime Access: No recurring fees.
No Reset Fees: Keep your account stable.
Flexible Drawdown: Less pressure after significant profits.

Cons:

Strict Drawdown Limit: Can limit trading strategies.
Minimum Account Balance for Withdrawals: Restricts access to funds.
Profit Split Tiers: Higher profits required for better splits.
Additional Market Data Fees: Extra costs for data.
Elite Account Requirements: Not everyone qualifies for the MASTER account.

Conclusion

Phidias stands out as a reliable partner for traders, offering a user-centric approach and a wide range of benefits. Tailored to suit all trading styles, the platform provides a variety of accounts, ensuring flexibility, transparency, and support. With the right tools and resources, Phidias helps traders, both new and experienced, achieve their goals in a supportive environment

Phidias Propfirm offers a $1 million MASTER account with scalable profit splits up to 90%. This makes it a good option for experienced traders who are looking for significant capital and flexibility. However, the firm has some strict policies, such as drawdown limits and limitations on automated and news-based trading.

Overall, Phidias Propfirm is a good option for disciplined traders who are looking for a long-term partnership with a prop firm.

Phidias Propfirm Review 2026