Phidias Propfirm 2025 Review: All to know

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Phidias Propfirm was established in 2024 in Gibraltar by a team of trading professionals. This firm focuses on futures trading, providing funding for traders through an evaluation program. It specializes in several futures instruments, including equity index futures, commodity futures, and currency futures available on major exchanges like CME, CBOT, NYMEX, and COMEX.

Phidias offers various account types tailored for different trading styles. These include Fundamental accounts, which do not allow overnight positions, and Swing accounts, which permit holding positions overnight or over weekends. The profit sharing is set at 80% to the trader and 20% to the firm, providing an incentive for traders to perform well.

Trading Funder reports that Phidias Propfirm has a Trustpilot score of 4.5 out of 5, based on 276 reviews. Positive reviews highlight the efficient payouts, with many traders receiving funds within 24 hours, and commend the support team for being helpful and prompt. Users appreciate the flexible account options and the straightforward evaluation process.

Phidias Propfirm has certain advantages and disadvantages worth noting.

Advantages include a flexible and fast path to funding, with only a one-phase evaluation and relatively low profit targets (6%-8% of account size). The drawdowns, though strict, are managed using an end-of-day trailing approach, which allows traders some leeway with daily volatility. Traders benefit from few restrictions, such as being able to trade during news events and hold positions overnight, especially on swing accounts. Additionally, the firm’s strong community support and frequent promotional discounts make it accessible and appealing.

Disadvantages mainly center around its status as a new market entrant, lacking the track record of older firms, which introduces some risk. The maximum drawdowns are considered tight, requiring disciplined trading as they allow limited buffer during losing streaks. The profit split starts at 80%, which is lower compared to some competitors, and there are activation fees associated with live accounts. There are also limitations on trading types, as Phidias focuses solely on futures, excluding Forex or stock trading.

Phidias Propfirm offers various account types with different characteristics and pricing. The main accounts include a $25K Static account that has a one-time evaluation fee of $88, and $50K Fundamental and $100K Fundamental accounts that require monthly subscriptions, with fees of $164 and $273, respectively. There are also Swing accounts available at higher monthly rates of $329 for $50K and $411 for $100K.

Traders can access these accounts through multiple platforms that integrate with Rithmic’s data feed. Supported platforms include Sierra Chart, Quantower, MotiveWave, Bookmap, and Rithmic’s own R|Trader Pro. As of 2024, NinjaTrader is not supported, but it is expected to be available in the future.

Phidias Propfirm has several trading rules in place:

• Daily Loss Limit: There is no daily loss limit, meaning only the overall trailing drawdown applies.
• Maximum Drawdown: This is a Trailing Drawdown calculated at the end of the day (EOD). For example, a $50K account has a max drawdown of $2,500.
• Contracts Limit: Each account has specific maximum contracts, such as 10 mini contracts for a $50K account.
• Consistency Rule: For funded accounts, no single day’s profit can exceed 30% of the account balance.
• Holding Over Weekends: Allowed on Swing accounts but not for Fundamental accounts.
• Holding Over Major News Events: Trading during news events is permitted on all accounts.
• Hedging: Not specifically stated, but normal practices are generally allowed.
• Scaling Plan: There is a plan for scaling up profit shares but it involves meeting specific profit thresholds.
• Use of Expert Advisors (EAs): Automated trading or high-frequency trading is not allowed; only semi-automated tools with supervision are permitted.
• Trading Style Restrictions: Fundamental accounts must close positions by the end of each session, while Swing accounts have more flexibility.
• Copy Trading: Allowed, but users can only have a limited number of accounts.

In this article, Trading Funder provides a detailed overview of Phidias Propfirm, covering its main features, account types, and trading guidelines to clarify how this prop firm operates. Phidias offers a straightforward one-phase evaluation, meaning traders only need to hit the profit target once to get funded, without any additional stages involved. This setup speeds up access to real trading capital compared to firms that have multiple-step challenges.

What is Phidias Propfirm ?

Phidias Propfirm is a proprietary trading company established in 2024 and registered in Gibraltar. The creators are a team of trading professionals, though no specific founder is publicly named.

A futures prop trading firm allows traders to access capital from the firm to trade futures contracts. Traders can earn a share of profits while adhering to specified risk management rules.

Who is Phidias Propfirm’s founder?

Phidias Propfirm was established in 2024 by a team of trading professionals, but it does not disclose a single founder or CEO by name. The firm is registered as Phidias Propfirm Limited in Gibraltar, indicating a corporate structure rather than being led by one individual. The founding team is described as having experience in prop trading and finance, focusing on providing traders with what they need.

What makes Phidias Propfirm legit?

Phidias Propfirm is considered legit due to several factors. It operates under official registration as Phidias Propfirm Limited in Gibraltar, providing a formal corporate structure. The firm maintains clear and transparent rules, such as an 80% profit split for traders, and has a track record of real payouts, showcasing verified payout certificates on its website.
On Trustpilot, Phidias holds a rating around 4.2 out of 5 stars from a modest number of reviews (approximately tens, as it’s still a young firm).
Positive feedback often highlights:
The ease of the evaluation process and a straightforward, uncomplicated task to qualify for funding.
The flexibility of account options, allowing traders to adjust account size based on their performance.
Fast payouts, with testimonials stating they received funds within 24 hours of requesting.
On the downside, while negative reviews are not widespread, some users complain about strict risk management rules and issues with account closures or payout requests, claiming that the firm’s policies can be harsh.

Does Phidias Propfirm send payouts to its traders?

Phidias Propfirm does send payouts to its traders who are successful in their trading programs. The firm has received generally positive reviews regarding its payout reliability. Users often report receiving their payouts quickly, often within a day of requesting them.

Regarding the payout process, after passing the evaluation, traders use “CASH accounts” for live trading. Payout requests can be made as early as the next business day once there are profits of at least $500.

The profit split for traders is 80%, meaning if a trader wants to withdraw $1,000, $800 goes to them while $200 goes to the firm.

In summary, Phidias Propfirm demonstrates a solid structure for payouts, with many traders positively commenting on the ease and speed of receiving their funds.

Does Phidias Propfirm have good user reviews and testimonials?

Phidias Propfirm has a generally positive reputation, reflected in its current score on Trustpilot, which averages around 4.5 out of 5 based on 276 reviews. Most feedback leans towards favorable experiences, highlighting strengths in several areas.

Positive Aspects:

1. Payout Speed: Many users mention that payouts are processed quickly, often within 24 hours. This is a major point of satisfaction among traders, with comments like “fastest payout processes” being common.
2. User-Friendly Evaluation Process: The evaluation process is described as straightforward with helpful features like the “weekend holding feature” which suits various trading styles.
3. Customer Support: Users appreciate the responsiveness of the customer support team. They often remark on the helpfulness and promptness in resolving queries.
4. Transparency: Many traders feel that the firm operates transparently, with clear rules and no hidden fees, enhancing trust.

Negative Aspects:

1. Limited Reviews: Since Phidias is a newer firm (established in 2024), the number of reviews is limited, making it difficult to draw definitive conclusions about long-term reliability.
2. Strict Rules: Some users mention that the rules can be quite strict, which might not be ideal for traders who prefer more flexibility.
3. Growing Pains: A few reviewers have reported technical issues, such as losing access to their accounts during competitions, which can cause frustration.

Overall, while Phidias Propfirm is receiving positive accolades for its efficiency and transparency, the early user feedback does indicate some areas for improvement, particularly as it scales up its operations.

Does Phidias Propfirm have good customer support?

Phidias Propfirm is recognized for strong customer support, which is crucial for traders at both evaluation and funded stages. Here are the main points:

• 24/7 Multilingual Support: Phidias offers around-the-clock assistance with staff fluent in English, French, and Spanish. This helps traders from various backgrounds access support whenever needed, which is beneficial given global trading hours.
• Support Channels: An active Discord community allows for quick questions and interaction with both staff and other traders. Additionally, email support is backed by Zendesk, and there is also a feature to submit personal requests through their support center.
• Knowledgeable Staff: The support team comprises experienced traders, which enhances the quality of assistance provided. They are capable of resolving technical issues and answering rule-related inquiries effectively.
• User Feedback: Users often express satisfaction with the support received. Testimonials highlight the responsiveness and helpfulness of the staff. This includes comments from seasoned traders who appreciate the support team’s understanding of trading challenges.
• Education and Resources: Phidias provides a comprehensive FAQ and help center that covers platform setups and rules, assisting traders in finding answers independently.

Overall, customer support is a significant strength for Phidias Propfirm, and many users report a positive experience with their interaction, emphasizing a proactive and knowledgeable support system.

What are Phidias Propfirm’s advantages?

Phidias Propfirm has several advantages that make it appealing for futures traders. Here’s a list of these benefits:

1. One-Phase Evaluation: Only a single stage to pass for funding. No additional verification phase means quicker access to trading real capital after hitting the profit target.
2. Achievable Profit Targets: Profit targets of around 6%–8% of account size are set, which are realistic for skilled traders.
3. End-of-Day Trailing Drawdown: Drawdown is calculated at the end of the trading day, rather than in real-time. This approach means traders can avoid penalties for intra-day volatility.
4. Flexibility in Trading: Very few restrictions on trading strategies. News trading and swing trading are both allowed, providing freedom to operate without being forced to close positions at market close.
5. Fast Path to Payouts: Minimum of only 3 trading days is needed for most accounts, and payouts can be processed as early as the next day.
6. Competitive Pricing and Promotions: Evaluation fees are affordable, with frequent discounts that can reduce costs significantly.
7. Multiple Account Flexibility: Allows traders to hold up to 15 funded accounts simultaneously and supports trade copying between them, which increases profit potential.
8. Strong Community and Support: Active customer support and a community forum (on Discord) assist traders with questions and trading issues.
9. Generous Scaling Options: The firm has plans that can allow traders to manage up to $3 million in capital as their trading skills improve.
10. Transparency in Rules: Clear policies without hidden fees or confusing rules, which helps to manage expectations.

In summary, Phidias Propfirm is favorable for its straightforward evaluation process, realistic trading conditions, and supportive environment for traders looking to grow their capital in futures trading.

What are Phidias Propfirm’s disadvantages?

Disadvantages of Phidias Propfirm include the following:

• New Market Entrant: Phidias is a newly launched firm (2024) with a limited track record. This raises concerns about its long-term reliability and stability.
• Tight Maximum Drawdowns: The drawdown limits are strict. For example, a $50K account has a maximum loss of $2,500 (5%), and a $100K account has a max loss of $3,000 (3%). These limits may feel limiting, especially for traders who have a larger strategy that requires more flexibility.
• Profit Split Starts at 80%: The standard profit split is 80/20 in the trader’s favor. While this is decent, many newer firms offer 90% or even 100% profit shares initially.
• Activation Fees for Live Accounts: After passing the evaluation, there is an activation fee to start a funded account, which may add to the overall costs of trading compared to firms that offer free conversions to funded accounts.
• No Free Retry: If the evaluation is not passed, a reset fee is required rather than offering a free retry, which can be disappointing for traders.
• No Forex or Stock Trading: Phidias only offers futures trading. This limits options for traders looking to engage in forex or stock trading.
• NinjaTrader Connectivity Issues: Currently, Phidias accounts cannot connect directly to NinjaTrader, a disappointment for users of that platform. Alternatives like Sierra Chart are available, but this might not work for everyone.
• Consistency Rule: There’s a cap where no single day’s profit can exceed 30% of the account’s balance, which some might find restrictive.
• Withdrawal Limitations for First Payouts: Traders must have 10 separate trading days before making initial payout requests, which could delay access to funds.
• Customer Support Issues: Some users have reported negative experiences with customer service, particularly regarding responsiveness and issue resolution.
• Concerns on Payout Transparency: Some negative reviews suggest issues with payout processing and transparency, indicating that traders who become profitable might face unexpected challenges.

These disadvantages can impact traders’ experiences and success with Phidias Propfirm. Each trader should evaluate if these drawbacks are acceptable based on their trading style and needs.

What is Phidias Propfirm’s pricing?

Phidias Propfirm’s pricing is structured based on different account types and sizes. Below is a summary of the pricing:

Account Type	Account Size	Monthly Fees / One-time Fee
Static (1-step)	$25,000	$88 (one-time fee, often $8.8 with promo)
Fundamental	$50,000	$164 per month (often $16.4 with promo)
Fundamental	$100,000	$273 per month (often $27.3 with promo)
Swing	$50,000	$329 per month (often $32.9 with promo)
Swing	$100,000	$411 per month (often $41.1 with promo)

Notes:

• All prices are in USD and do not include taxes.
• The fees may vary due to ongoing promotions, with significant discounts often available during sales.

Does Phidias Propfirm offer price discounts?

Phidias Propfirm does offer significant price discounts on its evaluation accounts. Discounts can reach 40% to 90% depending on the promotion. Traders can benefit from codes like TFMAX to receive these discounts during specific promotional events. or use this Phidias Propfirm discount link.

For instance, during recent sales, a $50K account that normally costs around $164 could drop to about $16.4 with a discount. Even larger accounts, like the $100K version, can significantly reduce in price, making it easier for traders to start without hefty fees.

These promotions are frequent, often linked to holidays or special events, and checking the Phidias website or their social media can reveal current offers.

Does Phidias Propfirm allow multiple accounts?

Phidias Propfirm allows multiple accounts. Specifically, each trader can have up to 5 Fundamental funded accounts, 5 Swing funded accounts, and 5 Static funded accounts simultaneously. This totals a potential of 15 active funded accounts. Additionally, there is no limit on the number of evaluation accounts (challenge accounts) that can be held.

Does Phidias Propfirm offer a free trial?

Phidias Propfirm does not offer a free trial. Instead, traders must pay an evaluation fee to start trading. This fee grants access to a simulated evaluation account using live market data. After registering on the Phidias Propfirm website and selecting an account size, payment is needed to create the evaluation account. Various account types and pricing tiers exist, with frequent promotional discounts available, making it more affordable.

Does Phidias Propfirm offer a swing trading account?

Phidias Propfirm does offer a swing trading account. This type of account allows traders to hold positions through market closes, overnight, and even over the weekend. This setup is beneficial for those looking to ride long-term moves without being forced out of trades, which is often the case with other firms that require flat positions by market close.

To access a swing trading account with Phidias, the process involves passing a one-phase evaluation where achieving a profit target of around 6%-8% is required. After hitting this target, there is a small activation fee to set up the funded account. The timeline to get started can be relatively quick, allowing traders to request payouts as early as the next day once funded.

How does Phidias Propfirm work?

Phidias Propfirm operates through a straightforward process for traders to access capital by completing an evaluation challenge. Here’s a step-by-step guide on how it works, from registration to receiving payouts:

1. Registration and Account Set-Up:
   Visit the Phidias Propfirm website and register for an account. Choose the type of evaluation account desired (e.g., $50K Fundamental, $100K Swing). Fill out the registration form and make the payment using a credit or debit card. Discounts may apply if a promo code is used. Upon payment, the evaluation account is usually set up instantly.
2. Receive Trading Credentials:
   After registration, an email will arrive containing trading credentials, specifically Rithmic login details (username and password), and instructions on how to connect to the Phidias trading platform.
3. Set Up Trading Platform:
   Connect a trading platform that supports Rithmic, such as R|Trader Pro, Sierra Chart, or others. Input the Rithmic credentials and select Phidias data feed in the platform settings. Phidias offers guides for each platform to assist in setting up.
4. Trade Evaluation Phase:
   Begin trading on the simulated evaluation account. The goal is to reach a set profit target without breaching the drawdown limits. For example, on a $50K account, the target might be $4,000, and the allowed drawdown would be $2,500.
5. Passing the Evaluation:
   If the profit target is reached and all rules are followed, the evaluation is successful. Traders don’t need to continue trading until the month’s end once the target is hit.
6. Funded Account Activation:
   After passing, sign a funding agreement electronically and pay a one-time activation fee (e.g., ranging from $83 to $174 depending on the account type). This activates the funded account, known as a “CASH account,” typically set up within 24-48 hours.
7. Trading the Funded Account:
   Trade with Phidias’s capital while continuing to comply with drawdown rules. Profits can be earned on the funded account, but the drawdown policy will apply.
8. Payout Requests:
   Once profits of at least $500 are generated, traders can request payouts. Withdrawals can happen daily after the first payout, but initially, there is a requirement to trade for a minimum number of days (typically 10) between withdrawal requests.
9. Receiving the Payout:
   Payouts are processed quickly, often the same day or the next business day, via transfer services like Wise or possibly Rise.
10. Scaling and Multiple Accounts:
    Traders can maintain multiple accounts (up to 5 of each type), allowing for larger aggregate capital and diversified strategies while adhering to outlined rules.

This entire process allows traders to quickly move from registration to receiving payouts while giving flexibility in trading strategies and account management.

What are Phidias Propfirm’s rules and objectives?

Phidias Propfirm has a set of rules and objectives focused on responsible trading and protecting the firm’s capital. Here are the key rules:

• Profit Target: Traders must achieve a profit of 6% to 8% of the starting balance during evaluation. This can range from $1,500 on a $25K account to $6,000 on a $100K account.
• Maximum Drawdown (Trailing Threshold): Each account has a maximum loss limit that trails the account balance at the end of each day. For example, a $100K account allows a $3,000 trailing drawdown, meaning the balance cannot drop below $97K.
• No Daily Loss Limit: There is no specific daily loss limit, which means traders can experience significant drawdowns in one day, as long as they stay within the overall trailing drawdown limit.
• Consistency Rule: For funded accounts, no single day’s profit can exceed 30% of the account balance to promote consistency in trading.
• Holding Over Weekends: Swing accounts allow traders to hold positions overnight and over weekends, with specific limits on contract sizes.
• Holding Over Major News Events: Trading during major news events is permitted, with no penalties for trading during these times, although vigilance is advised due to potential volatility.
• Hedging: Standard hedging practices are allowed, enabling traders to manage risk.
• Scaling Plan: Traders can scale positions according to the allowed maximum contracts, promoting flexibility in trading.
• Use of Expert Advisors (EAs): Fully automated trading or high-frequency trading strategies are not allowed. Only semi-automated tools that the trader actively supervises are permitted.
• Trading Style Restrictions: Different account types dictate different trading styles, with the Fundamental account requiring traders to close all positions by end-of-day, while Swing accounts allow 24/7 trading.
• Copy Trading: Traders can maintain multiple accounts (up to five per type) and use copy trading software, given that they do not exceed the allowed limits.

The table below summarizes the key rules for each plan of Phidias Propfirm. It includes specific details like limits and restrictions related to trading practices. If a rule does not exist, it is not included in the table.

Rule	$25K Static	$50K Fundamental	$100K Fundamental	$50K Swing	$100K Swing
Daily Loss Limit	No daily drawdown	No daily drawdown	No daily drawdown	No daily drawdown	No daily drawdown
Maximum Drawdown	$500 static	$2,500 trailing EOD	$3,000 trailing EOD	$2,500 trailing EOD	$3,000 trailing EOD
Contracts Limit	2 minis / 20 micros	10 minis / 100 micros	14 minis / 140 micros	10 minis / 100 micros	14 minis / 140 micros
Consistency Rule	30% of total profit limit	30% of total profit limit	30% of total profit limit	30% of total profit limit	30% of total profit limit
Holding Over Weekends	Not allowed	Not allowed	Not allowed	Allowed	Allowed
Holding Over Major News	Allowed	Allowed	Allowed	Allowed	Allowed
Hedging	No restrictions	No restrictions	No restrictions	No restrictions	No restrictions
Scaling Plan	1 additional contract for every $10K in profits	1 additional contract for every $10K in profits	1 additional contract for every $10K in profits	1 additional contract for every $10K in profits	1 additional contract for every $10K in profits
Use of Expert Advisors (EAs)	Not allowed	Not allowed	Not allowed	Not allowed	Not allowed
Trading Style Restrictions	Day trading only	Day trading only	Day trading only	24/7 trading allowed	24/7 trading allowed
Copy Trading	Allowed (within limits)	Allowed (within limits)	Allowed (within limits)	Allowed (within limits)	Allowed (within limits)

The rules focus on maintaining trader responsibility and the protection of capital, allowing for flexibility in trading, particularly regarding holding positions and trading during news events.

How does Phidias Propfirm ’s drawdown work?

Phidias Propfirm uses a trailing drawdown system designed to protect both the trader and the firm’s capital. This drawdown is recalculated at the End of Day (EOD) and moves up as profits are secured, but it never decreases.

For example, consider a trader with a $50,000 account and a $2,500 max drawdown. The starting drawdown threshold is set at $47,500.

• Day 1: The trader’s balance increases to $53,000 during the day but ends at $52,000. At the end of the day, since this was a new high, the drawdown threshold moves up to $49,500 (which is $2,500 below the new high).
• Day 2: The balance is $52,000. If the trader then loses and finishes at $51,000, the drawdown threshold remains at $49,500 because it only updates if a new high is established at EOD.
• Day 3: The trader has a good day, finishing at $55,000. The drawdown threshold now moves to $52,500.

It’s essential to keep an eye on this drawdown level because if the account balance goes below the current threshold at any point, the account is violated and closed. Unlike some firms, Phidias does not impose a daily loss limit, giving traders the flexibility to manage their risks intraday, but they must remain vigilant not to exceed the drawdown threshold by day’s end.

How does Phidias Propfirm ’s consistency rule work?

Phidias Propfirm’s consistency rule requires that no single day’s profit exceeds 30% of the account balance. This rule is in place to encourage steady trading and prevent risky behavior that could come from aiming for a big win in a single day.

For example, if a trader has a $1,000 balance, the maximum profit allowed in one day would be $300 (30% of $1,000). If the trader earns $350 on one day, it exceeds the limit. To align with the rule, the trader would then need to increase their total profits—say to $1,100—to establish a new limit of $330 for the next best day.

How does Phidias Propfirm ’s scaling plan work?

Phidias Propfirm’s scaling plan allows traders to increase their capital significantly, allowing them to manage up to $3 million in total across multiple accounts. For instance, a trader can operate five $100K accounts concurrently. If they apply a consistent trading strategy across these accounts, it’s like controlling a $500K account with 70 contracts when mirroring trades. Each account enables the trader to progressively increase their profit potential without being capped by a single account limit.

What is Phidias Propfirm ’s max contracts?

Phidias Propfirm allows traders to manage multiple accounts and increase their trading capacity. The max contracts for their accounts vary by account size. For instance, a $100K Fundamental account has a limit of 14 contracts. If a trader runs 5 of these $100K accounts concurrently, they can potentially control 70 contracts in total if trades are mirrored, effectively managing a $500K account. This setup offers significant flexibility for scaling trading strategies.

Which trading platforms does Phidias Propfirm use?

Phidias Propfirm supports several trading platforms that connect to the Rithmic data feed. The platforms explicitly supported are:

• Sierra Chart: Known for speed and customization, and Phidias team can assist with setup.
• Quantower: A modern, user-friendly platform popular in prop trading.
• Rithmic R|Trader Pro: Rithmic’s own platform, reliable for execution and checking account stats.
• MotiveWave: Offers advanced charting and strategy backtesting capabilities.
• Bookmap: Focuses on order flow and heatmap visualization.
• ATAS: Similar to Bookmap, it specializes in order flow and footprint charts.
• NinjaTrader: Not available currently due to restrictions but expected to be integrated later.
• Phidias allows any platform that can connect to Rithmic’s API, providing flexibility for traders.

What brokers does Phidias Propfirm use?

Phidias Propfirm uses a range of trading platforms that connect to the Rithmic data feed. Supported platforms include Sierra Chart, known for its speed, Quantower, a modern multi-asset platform, and R|Trader Pro, which is Rithmic’s own platform. Other options are MotiveWave, Bookmap, and ATAS, each catering to different trading needs. As of 2024, NinjaTrader is not yet available due to restrictions, but discussions are ongoing to enable it. Traders can use any platform compatible with Rithmic’s API.

Does Phidias Propfirm allow trade copiers?

Phidias Propfirm does allow trade copiers. The firm permits the use of trade copier software to duplicate trades across multiple accounts owned by the same trader, provided certain rules are followed. Each trader can manage up to five Fundamental, five Swing, and five Static accounts, using copiers to mirror trades from one account to others without violating account limits. It’s important that traders understand they are responsible for any issues that may arise from using third-party copier tools. All accounts should be under the same name, and copying trades between different traders’ accounts is not allowed. If the firm detects identical strategies across more accounts than permitted, it may result in account suspension.

Conclusion about Phidias Propfirm

Phidias Propfirm is a new player in the prop trading market, established in 2024, focusing solely on futures trading. Ratings show a generally positive reception, with many users highlighting its fast payout process and strong community support. The top perk is flexibility, allowing traders to operate with minimal restrictions, including intraday trading during major news and the ability to hold positions overnight on specific account types. However, a main downside is the firm’s strict drawdown rules, which some traders find limiting, especially on smaller accounts. The initial profit split starts at 80%, which is reasonable but lower than some competitors who offer up to 100%. The activation fees after evaluation can also add to the costs. In summary, while Phidias shows promise with favorable trading conditions, the limitations around drawdowns and its newness might make some traders cautious.

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