Phidias allows news trading on every account, and its Express to Live plan uses a static drawdown with an automatic route to a live account. The 50K Fundamental costs $164 a month plus $149 on passing. Trustpilot currently withholds Phidias' rating after removing reviews it says were fake.
Opens phidiaspropfirm.com
Your loss limit moves up only when a trading day closes at a new high balance. Open profits during the day do not drag it up, so a winning trade you give back intraday does not tighten the limit until the close.
Account balance Loss limit
Illustration with a $2,000 limit, not this firm's exact numbers.
News traders and anyone who wants a live account quickly. Express to Live's static drawdown is small: $650 on 50K. The restricted list includes most of the Balkans, including Serbia, Croatia and Bosnia.
| 50K account | Fundamental | Premium | Express to Live |
|---|---|---|---|
| Steps | 1-step | 1-step | 1-step |
| Price (50K, list) | $164 per month | $329 per month | $723 one-time |
| Activation fee | $149 | $149 | $0 |
| Profit target | $4,000 | $4,000 | $2,500 |
| Max loss | $2,500 | $2,500 | $650 |
| Drawdown type | EOD trailing | EOD trailing | Static (never trails) |
| Daily loss limit | None | None | None |
| Consistency rule | None in evaluation; 30% rule on the funded account | None in evaluation; 30% rule on the funded account | None |
| Minimum trading days | 3 | 1 | 0 |
| Max contracts / size | 10 minis / 100 micros | 10 minis / 100 micros | 5 minis / 50 micros |
| Profit split | 80/20 | 75% rising to 100% by the 5th payout | 80/20 |
| Payouts | Every 10 trading days | Every 5 days | Fixed bonus on reaching the target, then live payouts |
Account sizes offered: 25K, 50K, 100K, 150K.
| News trading | Allowed on all accounts at every stage |
|---|---|
| Bots and EAs | Restricted: on Fundamental/Premium, robots, fully automated algorithms and HFT are not permitted; semi-automated tools are allowed only with active manual monitoring |
| Copy trading | Allowed, including third-party copier software, within per-type account caps (5 CASH Fundamental, 5 CASH Premium, 5 E2L). Accounts may be suspended if identical strategies exceed the maximum allowed capital |
| Overnight and weekend | Premium: overnight and weekend allowed. Fundamental and E2L: not allowed; positions must be closed before the daily cutoff, and failing to close means disqualification. E2L LIVE: not allowed unless agreed |
| Platforms | Rithmic, Tradovate, TradingView (via Tradovate), NinjaTrader, DeepCharts |
| Instruments | CME/CBOT/NYMEX/COMEX futures (equity index, rates, FX, crypto micros, ags, energy, metals) plus Eurex products (FDAX, FESX, FGBL, etc.); LIVE accounts cleared via Dorman Trading |
| US traders | Accepted |
| Restricted countries | Annex 1 of the terms lists about 59 restricted countries, including Serbia, Croatia, Bosnia, Montenegro, North Macedonia, Kosovo, Slovenia, Bulgaria, Romania, Albania, Malta, Nigeria, Pakistan, Philippines, Indonesia, South Africa and Russia. The US is not on the list. https://phidiaspropfirm.com/tou |
| Payout methods | Rise (RISEWORKS.io), bank transfer via Rise |
| Path to a live account | E2L: automatic. Hit the target and click 'Switch to Live' for a LIVE account at Dorman Trading. Fundamental/Premium: discretionary review from 5 payouts or $100,000 cumulative profit; the earlier 3 payouts / $75,000 threshold is marked deprecated. Further tiers: ELITE LIVE (60 days + $125K balance) and MASTER LIVE (120 days + $250K). One LIVE account per trader. |
| Company | Phidias Propfirm Limited (reg. no. GICO.123937-76), Suite 4.3.02, Block 4, Eurotowers, Gibraltar GX11 1AA; governed by Gibraltar law |
| When | What changed |
|---|---|
| 2026 (rules page last modified 2026-09-22) | Discretionary path-to-LIVE threshold raised to 5 payouts or $100,000 cumulative profit; previous 3 payouts / $75,000 marked deprecated (About page still shows old thresholds) source |
Phidias promo code and current discount
Checked October 16, 2026. We link the firm's own pages wherever we can. If something changed, tell us.
Phidias's main 50K plan uses end-of-day trailing drawdown with a max loss of $2,500, as of October 16, 2026.
The list price of Phidias's cheapest main 50K plan was $164 per month when we checked on October 16, 2026. Discounts often lower this; see the Phidias promo code page.
Yes, according to Phidias's own pages as of October 16, 2026.