Overview
Phidias PropFirm is a futures-focused proprietary trading firm that stands out with its straightforward 1-Step challenge type and competitive profit split of up to 80%. Founded in 2023, the firm has already established a notable presence in the market. With a starting price of $116 and a maximum allocation of $150,000, Phidias PropFirm offers an attractive opportunity for traders.
Challenge Structure & Pricing
Phidias PropFirm's 1-Step challenge type provides a simple evaluation process for traders, with a one-time payment and no activation fees. The starting price of $116 is relatively competitive, considering the firm's features and allocation limits. However, data feed costs may apply, which could add to the overall expense for traders.
Profit Split & Payouts
The firm's profit split of up to 80% is a significant draw, and the on-demand payout frequency with an average payout speed of 10 hours is impressive. With 350 payouts in the last 30 days and a total payout volume of $28.0 million, Phidias PropFirm demonstrates a reliable payout track record. The path to live trading after just three payouts is also a notable advantage.
Trading Conditions
Phidias PropFirm supports multiple platforms, including NinjaTrader, Tradovate, TradingView, and Quantower, offering traders flexibility in their trading setup. The firm's asset class is limited to futures, but the spreads are competitive, with EUR/USD at 0.1 pip, Gold at 17 pip, and NAS100 at 0.9 points. The static drawdown and no intraday trailing rules provide a relatively relaxed trading environment.
Trust & Reputation
With a Trustpilot score of 3.9/5 based on 254 reviews, Phidias PropFirm has a generally positive reputation. While not perfect, the firm's payout track record and community sentiment suggest a trustworthy operation.
Who Is It Best For?
Phidias PropFirm is best suited for futures traders who value a straightforward evaluation process, competitive profit splits, and flexible trading conditions. The firm's features, such as daily withdrawals and swing accounts, also make it an attractive option for traders who prefer to hold positions over weekends.
The Bottom Line
Phidias PropFirm offers a compelling proposition for futures traders, with its competitive profit split, flexible trading conditions, and reliable payout track record. While there are some limitations, such as data feed costs and a 3-day minimum trading requirement, the firm's overall package makes it a worthwhile consideration for traders looking to partner with a reputable proprietary trading firm.
This review was generated by AI based on publicly available data and may not reflect the most recent changes.
