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Phidias Propfirm Review
Phidias Propfirm is a Gibraltar registered futures prop firm. It sells trading evaluations, not real brokerage accounts, and pays out through Riseworks.
Min Deposit
$30
Spreads From
Not applicable, futures use fixed per contract commissions
Max Leverage
Not applicable, futures margin is set per contract
Platforms
Rithmic, Tradovate
Pros
- Phidias reports over 15 million dollars already paid to traders
- The Express to Live account can turn into a real funded account fast
- News trading is allowed on every account type, with no restriction
- Premium account traders can hold positions overnight and on weekends
- Payouts run through Riseworks, a known payment processor for prop firms
Cons
- Phidias Propfirm LTD is not a regulated broker or financial firm
- Recent Trustpilot reviews report data lag and dashboard errors
- A few traders say they were blocked from a payout after approval
- All challenge and funded accounts trade simulated funds, not real cash
- The restricted country list covers around 59 nations, so check first
Phidias Propfirm launched in 2023 and is run by Phidias Propfirm LTD, a company registered in Gibraltar. It only offers exchange listed futures, covering stock indices, currencies, metals, energy, and agriculture, through Rithmic, Tradovate, NinjaTrader, or dxFeed.
Traders buy an Express to Live, Fundamental, Premium, or 10K Drawdown Challenge account. Express to Live has a fixed drawdown and can turn into a real funded account after one payout. Premium allows overnight and weekend trades, and its profit split climbs from 75 to 100 percent over five payouts.
Phidias Propfirm LTD is not a regulated broker, and every account trades simulated funds. The firm says it has paid over 15 million dollars to traders, yet recent reviews describe data lag, dashboard errors, and a few traders blocked after an approved payout.
Min. Deposit
USD 30
Max Leverage
Not applicable, futures margin is set per contract
Spreads From
Not applicable, futures use fixed per contract commissions
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
