Futures prop firm review · updated 15 Nov 2026
Phidias sells simulated futures evaluations. Pass one, trade a CASH account that pays real payouts, then move to a LIVE account with real money. Here are the list prices, fees, drawdowns and payout rules, read on Phidias's own pages.
Independent review by TrackerTools · desk research, not a trading test · affiliate link
The three programs
The programs differ most in how the loss limit moves and how you get paid. Prices below are list prices in USD, excluding tax.
A fixed loss limit and a set route to LIVE without a review.
25K evaluation · $83 activation when you pass
More room, intraday only, regular CASH payouts.
50K evaluation · $149 activation · one-time option $580
Hold overnight and over weekends, faster payout cycle.
50K evaluation · $149 activation · one-time option $723
Full price list
List prices read in Phidias's configurator on 14 Nov 2026, in USD and excluding tax (EU residents pay VAT on top). Phidias usually runs its own promotion, so the price at checkout is often lower. The price was the same on Rithmic, Tradovate and DeepCharts.
| Size | Evaluation (paid once) | Activation when you pass | One-time payment (eval + CASH) | Drawdown / target |
|---|---|---|---|---|
| 25K | $88 | $83 | $277 | $500 / $1,500 |
| 50K | $278 | $149 | $723 | $650 / $2,500 |
| 100K | $318 | $149 | $900 | $800 / $3,500 |
| 150K | $398 | $169 | $1,125 | $1,000 / $4,500 |
No reset: after a failed E2L evaluation you buy a new one. Phidias's pages printed different promotional prices for some one-time E2L accounts on the same day, so check the final price at checkout.
| Size | Evaluation (every 30 days) | Activation when you pass | One-time payment (eval + CASH) | Reset | Drawdown / target |
|---|---|---|---|---|---|
| 50K | $164 | $149 | $580 | $40 | $2,500 / $4,000 |
| 100K | $273 | $149 | $723 | $64 | $3,000 / $6,000 |
| 150K | $420 | $169 | $863 | $104 | $4,500 / $9,000 |
The monthly plan bills the list price every 30 days until you cancel. On 50K at list price, the monthly route costs more than the one-time payment from the third charge.
| Size | Evaluation (every 30 days) | Activation when you pass | One-time payment (eval + CASH) | Reset | Drawdown / target |
|---|---|---|---|---|---|
| 50K | $329 | $149 | $723 | $40 | $2,500 / $4,000 |
| 100K | $411 | $149 | $900 | $64 | $3,000 / $6,000 |
| 150K | $570 | $169 | $1,123 | $104 | $4,500 / $9,000 |
On 50K at list price, the monthly route costs more than the one-time payment from the second charge. One CASH reset after a drawdown liquidation costs $399 / $499 / $599.
Other costs: Rithmic market depth $16 a month for one exchange or $46 for CME, CBOT, NYMEX and COMEX; on a LIVE Tradovate or NinjaTrader account the CME data feed is $156 a month, taken from the account.
How you get paid
Evaluation and CASH accounts are simulated; CASH payouts are paid by Phidias. Only LIVE accounts trade real money, through Dorman Trading in Chicago. Payouts go to a Rise account.
Reach the profit target without touching the drawdown. E2L has no minimum days.
Pay the activation fee, or nothing if you bought the one-time payment.
E2L: one bonus of $1,000 / $2,000 / $3,000 / $4,500 at the second target, 80% to you. Fundamental and Premium: regular payouts, capped at $2,000 / $2,500 / $2,750 per cycle before the split.
E2L: click Switch to Live. Fundamental and Premium: review after 5 payouts or $100,000 profit, at Phidias's discretion. LIVE split is 80%.
Minimum withdrawal $500. Fundamental and Premium also apply a 30% consistency rule to CASH payouts. The $14.9M figure above is an independent on-chain record from payoutflow.co of payments through Rise, not a promise of what you will earn.
Our take
Partner code
UPTF is a partner code from our affiliate partner Up Trade Funded. Its discount has not been confirmed at checkout, so we do not quote a percentage. Phidias allows one code per order, and it often applies its own promotion automatically. Try both and keep whichever gives the lower final price.
FAQ
List prices start at $88 for the Express to Live 25K evaluation, plus an $83 activation fee when you pass. Fundamental starts at $164 and Premium at $329 every 30 days for 50K, each with a $149 activation fee. One-time payments that include the CASH account run from $277 to $1,125. Phidias's own promotions often lower the checkout price.
Phidias Propfirm Limited is a company registered in Gibraltar. It does not claim a financial licence. LIVE accounts trade through Dorman Trading, a Chicago futures broker; that registration is Dorman's, not Phidias's. An independent tracker (payoutflow.co) recorded $14.9M paid through Rise to 2,476 traders between 27 Aug 2024 and 10 Nov 2026.
Express to Live: no minimum trading days, no consistency rule and no daily loss limit. Fundamental and Premium apply a 30% consistency rule to CASH payouts.
At list price on 50K, Fundamental monthly costs more than the one-time payment from the third charge, and Premium from the second. If you expect to need more than a month or two, the one-time payment usually costs less.
Only on Premium, which allows overnight and weekend positions. Fundamental closes every position by 9:59 PM UTC, and Express to Live before the session close.
No. Phidias accepts one code per order. The UPTF discount has not been confirmed at checkout, so compare the final price with UPTF against the price with Phidias's own promotion.
Promotions change often. Open Phidias, pick a program and size, and compare the final price at checkout.
Futures evaluations from $88 list, a CASH account with real payouts, then a route to a LIVE account.
25K evaluation · $83 activation when you pass
50K evaluation · or $580 one-time
50K evaluation · or $723 one-time
List prices in USD excluding tax, read on phidiaspropfirm.com on 14 Nov 2026. Phidias often runs its own promotion, so the checkout price can be lower. Affiliate links: TrackerTools may earn a commission. Not the official Phidias site.