Phidias Prop Firm Review 2025 – Pricing, Rules & Account Models

Phidias Prop Firm has quickly become one of the more transparent futures-focused funding firms, offering traders multiple ways to get funded — from static accounts to advanced swing trading evaluations. This review breaks down their pricing, account types, drawdown rules, and what makes Phidias stand out in the prop trading space.

Overview: What Is Phidias Prop Firm?

Phidias Prop Firm provides funded trading accounts for futures traders, designed to match different trading styles — intraday, swing, or static risk. Once you pass the evaluation, you can trade a real CASH account with clear drawdown rules and generous profit splits.

Phidias offers both lifetime activation and one-time payment (OTP) models, allowing traders to choose between long-term flexibility or pay-once simplicity.

Key Highlights

Phidias Propfirm — Pricing & Plan Summary

Account / Challenge Types

Phidias offers four main challenge types, each tailored to specific trader preferences:

1. Static
   • Fixed-loss drawdown (non-trailing)
   • Direct access to funded (CASH) account once you pass
   • No overnight / weekend holding
2. Fundamental
   • Intraday trading only (no overnight)
   • Uses End-Of-Day (EOD) trailing drawdown rules
3. Swing
   • Allows overnight / over-weekend positions
   • Same EOD drawdown rules
4. 10K Drawdown Challenge
   • Monthly challenge with $10,000 live account prize
   • Static drawdown type
   • Open to all, minimal cost entry

Activation Fees & One-Time Payment (OTP) Model

When you pass the evaluation, you must activate your CASH (funded) account. Phidias gives two main models:

• Lifetime Activation Fee: a one-time fee per account after you pass.
• One-Time Payment (OTP): pay once for both the evaluation and activation; then no further fees for that account.

According to their help center:

• 25K Static: €80 / $83 lifetime activation.
• 50K Fundamental / 100K Fundamental: €129 / $149 lifetime.
• 150K Fundamental: €149 / $169 lifetime.
• Swing accounts (50K, 100K, 150K): same lifetime activation fees as Fundamental tiers.

OTP (evaluation + activation) fees are also listed:

• 25K Static: €267 / $277
• 50K Fundamental: €530 / $580
• 100K Fundamental: €663 / $723
• 150K Fundamental: €776 / $863
• 50K Swing: €663 / $723
• 100K Swing: €830 / $900
• 150K Swing: €1,013 / $1,123

These mean if you pass within a timeframe (e.g. 3 months), you save by paying once.

Evaluation / Challenge Pricing & Requirements

Phidias’s “Accounts” page also lists evaluation pricing and some parameters:

• 25K Static:
  • OTP price: $277
  • Profit target: $1,500
  • Max drawdown: $500 (static)
  • Max contracts: 2 minis (20 micros)
  • Minimum trading days: 1
• 50K Fundamental:
  • OTP price: $580
  • Profit target: $4,000
  • Max drawdown (EOD): $2,500
  • Max contracts: 10 minis (100 micros)
  • Minimum trading days: 3
• 100K Fundamental:
  • OTP price: $723
  • Profit target: $6,000
  • Max drawdown: $3,000 EOD
  • Max contracts: 14 minis (140 micros)
  • Minimum days: 3
• 150K Fundamental:
  • OTP price: $863
  • Profit target: $9,000
  • Max drawdown: $4,500 EOD
  • Max contracts: 17 minis (170 micros)
  • Min days: 3
• Swing Accounts: Same profit targets and drawdowns as fundamentals, but with added permission to hold overnight / over-week.
  For example, $50K Swing OTP: $723, max drawdown $2,500, profit target $4,000.
• Monthly Subscription Option:
  Some Fundamental & Swing accounts can be paid monthly instead of OTP.
  Example: $50K Fundamental has a monthly cost (e.g. $164) plus a reset fee ($40)
  Example: $50K Fundamental subscription is “€159 / month” on sign-up page.
• Reset Fees:
  If you fail your evaluation, you can reset. Reset costs vary (e.g. $40 for $50K Fundamental; $64 for $100K; $104 for $150K)
• 10K Drawdown Challenge:
  Entry fee: $26.40 (or €19)
  Max drawdown: $10,000 EOD (static)
  Max contracts: 25 minis (250 micros)
  Overnight & weekend holding allowed under limits

Other Important Rules & Notes

• Trading Instruments and Freedom: You can trade futures, indices, commodities, cryptocurrencies, etc. All account types allow trading of these instruments.
• EOD Drawdown Mechanics:
  • Your allowed drawdown is evaluated at end of each day. If your balance falls below that level at daily close, you get liquidated.
  • As your account’s high watermark increases, the drawdown level “trails” upward.
  • For evaluation accounts, once you reach a profit peak, the drawdown resets relative to that peak.
• Overnight / Weekend Positions:
  • Not allowed on Fundamental accounts.
  • Allowed on Swing accounts, with caps on number of mini/micro contracts.
• Switch to Live / Fully Funded:
  • After 3 payout requests in a CASH account or cumulative payouts of $75,000 from one account, it can be upgraded to a “live” account with daily payouts.
  • Once upgraded, there’s no longer a separate activation fee.
• Start / Trading Day Requirement:
  • Fundamental & Swing evaluation accounts require minimum 3 trading days.
  • Static account only needs 1 trading day.
• Monthly Fee vs Lifetime Activation:
  • For evaluation stage, you may pay a monthly subscription or choose the OTP model.
  • Lifetime activation eliminates future monthly fee for the CASH account.

Final Verdict

Phidias Prop Firm has built a strong reputation in the futures funding industry by offering affordable evaluations, transparent rules, and multiple payment paths. The OTP model is particularly appealing — pay once, trade freely, and focus on performance instead of recurring costs.

For traders looking for a clear rule set, low-cost entry, and flexible funding paths, Phidias stands as one of the most practical options in 2025.

Overall Rating: 4.6 / 5