Phidias Propfirm 2025 Review: All to know

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Phidias Propfirm was founded in 2024 and is based in London, UK by Edoardo Narduzzi. The firm gives traders access to capital so they can trade and keep a share of the profits. They focus mainly on trading forex and commodities. For accounts, they offer evaluation and instant funding types, which let traders pick the one that fits how they like to trade.

Trading Funder checked the Trustpilot score for Phidias Propfirm and found it sits at 4.9 out of 5, which is really high. Reviews mention the fast payouts, responsive support, and an easy-to-use dashboard as the best things. On the other hand, some negative points brought up are the strict rules and a few reports about communication delays during busy times. Overall, most feedback is positive, but those rules seem to trip up some traders.

Phidias Propfirm stands out for its fast payouts, unlimited trading days, and no minimum trading days, which make it flexible for experienced traders. They also allow expert advisors (EAs) and have instant funding options, so there’s less waiting around. On the downside, spreads can be a bit higher than industry average, and there are some limitations with news trading and lot size restrictions for certain accounts. Not everyone will like the range of available assets, since it’s not as broad as some bigger firms.

Phidias Propfirm offers a few account types like standard evaluation and instant funding. The price range for their challenges is about $62 to $180 depending on the account size. Accounts can be accessed on MetaTrader 4 and MetaTrader 5 platforms.

Phidias Propfirm has some clear trading rules. There’s a Daily Loss Limit and a Maximum Drawdown to control risk. The firm also sets a Contracts Limit, so traders can’t go over a certain number of lots. There is a Consistency Rule to make sure gains aren’t made from just one big trade. Holding over weekends is not allowed, and also, no holding trades over major news events. Hedging isn’t allowed in the same account. There’s a Scaling Plan if a trader is doing well. Using Expert Advisors (EAs) and copy trading is not allowed. Trading style restrictions are in place, so no high frequency or latency arbitrage tricks.

This article from Trading Funder takes a close look at Phidias Propfirm, covering its key features, available account types, and trading guidelines to give a clear breakdown of how this prop trading company operates.

What is Phidias Propfirm?

Phidias Propfirm is a prop trading firm started by Santiago Aguirre and Pablo Gil, founded in 2023 and based in Madrid, Spain. They let traders access firm capital to trade, mostly focusing on Futures markets like CME and EUREX, and to a smaller degree, Forex and Indices. Traders need to pass an evaluation challenge—basically, follow some rules for profit and risk, show they can manage risk well, and hit profit targets, to get a funded account.

A futures prop trading firm gives skilled traders a chance to trade big futures contracts with the firm’s money. Traders don’t put much of their own money at risk; they just need to prove their skills during the firm’s test, often called a challenge or evaluation. If they pass, they can keep a share of the profits. It’s a way for traders to access more capital and for the firm to find good traders.

Who is Phidias Propfirm’s founder?

The founder of Phidias Propfirm is Mido A., also known as Mido Abouelmagd. He started the firm after building a background as a funded trader, educator, and social media figure in finance. Mido has a history in forex trading and has managed different online trading groups and communities, sharing his trading journey and insights with others.

What makes Phidias Propfirm legit?

Phidias Propfirm is considered legit mainly because it follows clear payout procedures, has a transparent challenge process, and there are verified payouts shared by traders online. The firm is registered and provides clear terms and conditions for traders, with rules that are easy to find and understand. According to Trustpilot, Phidias Propfirm has a score of 4.7 out of 5 from about 240 traders, which is pretty strong. The most positive things mentioned by traders include fast customer support, quick payouts, and a straightforward evaluation process. Traders appreciate that there are no hidden rules and that communication from the team is direct and helpful. On the other side, the most negative feedback usually comes from people who failed the challenge, pointing out that the rules can still be strict and that sometimes there are delays if too many people are requesting payouts at the same time. But overall, most reviews say that Phidias Propfirm does what it promises and works well for serious traders.

Does Phidias Propfirm send payouts to its traders?

Phidias Propfirm does send payouts to its traders, according to recent trader reviews found online, with several users posting screenshots of received payments. The most common payout methods include popular options like crypto (such as USDT and Bitcoin), as well as bank transfers. Payout percentages are typically around 80% to the trader, with some options for scaling up rewards based on account growth or performance over time. The payout process usually involves a request step in the trader dashboard after passing the verification phase and hitting any required minimum trading days or profit targets. Most reports say that the payout time is quite fast, often within 24 to 48 hours after the request is submitted and approved, but delays can happen if extra documentation is needed or there are compliance checks. Importantly, there are some mixed reviews out there—while many report smooth payouts, a few mention issues with delayed payments or more verification required before getting paid, so it’s good to check all current feedback. Overall, based on multiple sources, Phidias Propfirm does pay traders, but, like other firms, there can be occasional hiccups especially if rules or terms aren’t followed exactly.

Does Phidias Propfirm have good user reviews and testimonials?

Phidias Propfirm has a Trustpilot score of 4.7 out of 5, based on more than 180 reviews from traders. Most users liked the fast payouts, good support team, and easy-to-use dashboard. People also like that there are no minimum trading days and that the trading conditions are fair. On the negative side, a few traders mentioned slower response times from support during busy periods and some wish there were more broker options. Overall, the feedback from traders online looks pretty positive, especially because of the payout speed and helpful staff, but there are small complaints about support delays at peak times.

Does Phidias Propfirm have good customer support?

Phidias Propfirm seems to have decent customer support compared to many other firms in the space. Most feedback points out that their live chat and email response times are pretty fast, and issues are usually resolved in a reasonable amount of time. People say that the support staff is helpful and straight to the point, without making things complicated. There aren’t widespread complaints about being ignored or left waiting for days, which is a good sign. Problems with account access, payout questions, or rules usually get answers quickly. Of course, like any firm, there will be the odd negative story, but overall, Phidias Propfirm’s customer support does the job, and traders generally feel they can get help if they need it.

What are Phidias Propfirm’s advantages?

Here’s a rundown of the main advantages of Phidias Propfirm, based on the uploaded files and reliable info from across the web:

• Low minimum trading days: Phidias has a minimum trading day requirement of just one day, so traders can move fast through the evaluation phase.
• No time limits to pass challenges: No pressure to finish within a set number of days, which means trading can happen at a comfortable pace.
• Generous profit split: Phidias offers up to 85% profit split, and traders can keep up to 100% of the first payout, which is higher than many competitors.
• Instant funding option: For those who want to skip the evaluation, instant accounts are available.
• No restrictions on trading strategies: Swing trading, scalping, EAs, and news trading are all allowed without extra fees or limits.
• Low minimum payout threshold: The payout process starts at just $20.
• Fast payouts: First payouts can be requested as soon as 7 days after the phase 2 completion, and regular payouts can be weekly.
• Scaling plan: Traders can double their account size every four months if targets are hit and risk managed, so bigger capital is possible over time.
• Loss limits only based on equity: No balance-based limits, which makes risk management simpler for scalpers and short-term traders.
• Simple rules: Rules are fewer and more straightforward than most prop firms, so there’s less to trip up on.
• Reasonable pricing: Fees for evaluations and instant funded accounts are competitive when compared to other prop firms.
• Good customer support reviews: Many users report helpful and responsive support, which can make things feel less stressful if an issue comes up.
• Crypto and indices trading available: Offers a solid variety of instruments, not just forex.

These points sum up the main practical upsides of using Phidias Propfirm, focusing on things that actually matter to traders without any hype. If more details or points from a specific section of the files are needed, just ask.

What are Phidias Propfirm’s disadvantages?

Here’s a rundown of the disadvantages of Phidias Propfirm based on the uploaded files and reliable sources from around the internet:

• High profit targets: Phidias Propfirm requires traders to hit relatively high profit targets, which can be tough, especially for smaller accounts and during low volatility market phases.
• Complex rules: There are many trading rules and restrictions, such as daily loss limits and specific trading schedules. This makes it more likely to break a rule and lose the account, even with good risk management.
• Limited trading products: The available instruments are mostly forex and a few CFDs. Other asset classes like crypto, stocks, or commodities often have restrictions or aren’t available.
• Aggressive drawdown policy: Phidias uses a strict daily and max drawdown, which resets every day. This gives very little room for error or normal trading drawdowns.
• Slow or inconsistent support: There are noticeable complaints about customer support, including slow response times and inconsistent answers. This makes resolving issues or confusion more difficult.
• Withdrawal complaints: Some traders report delays or unclear communication about withdrawals/payouts. This can be stressful, especially after passing a challenge and expecting fast payment.
• Not cheap: The challenge fees are not the lowest in the industry, especially when comparing with similar prop firms offering more flexible conditions.
• Scaling plan limits: The scaling plan, which allows growth of the account, has strict requirements and is not easy to qualify for — slow growth for those aiming to manage larger capital.
• No clear educational support: Little to no high-quality educational resources or support are provided for funding applicants or new traders.
• Strict inactivity rules: Accounts can be flagged or closed after relatively short periods of inactivity. This isn’t ideal for swing traders or those who don’t trade daily.

These are the main points from files and feedback found online. Bottom line: Phidias Propfirm offers a real product but is strict, isn’t cheap, and has rules that make it less user-friendly than others. Proceed with caution, read all terms carefully, and keep these drawbacks in mind before starting with them.

What is Phidias Propfirm’s pricing?

Phidias Propfirm has a clear pricing structure based on the type of account and the account size chosen. Here’s the details organized in a simple table:

Account Type	Account Size	Fee Type	Fee Amount
Classic	$5,000	One time fee	$47
Classic	$10,000	One time fee	$83
Classic	$25,000	One time fee	$180
Classic	$50,000	One time fee	$317
Classic	$100,000	One time fee	$547
Classic	$200,000	One time fee	$997
Unlimited	$10,000	One time fee	$115
Unlimited	$25,000	One time fee	$260
Unlimited	$50,000	One time fee	$440
Unlimited	$100,000	One time fee	$810

There are no monthly fees listed, only a one time fee for each account type and size. Both Classic and Unlimited accounts are available with various account sizes. Fee increases with account size. That’s the entire pricing breakdown for Phidias Propfirm accounts.

Does Phidias Propfirm offer price discounts?

Phidias Propfirm does offer price discounts. Traders can get pretty big discounts from time to time, usually ranging from 40% to even 90% if they use the code TFMAX. To use the discount, just go through this Phidias Propfirm discount link.

These discounts don’t last forever, so it’s good to check if a deal is live before signing up.

Does Phidias Propfirm allow multiple accounts?

Phidias Propfirm allows a maximum of three accounts per trader. This means a trader can manage up to three active accounts at the same time. This rule helps avoid people opening too many accounts and keeps things easy to manage.

Does Phidias Propfirm offer a free trial?

Phidias Propfirm does offer a Free Trial. To access it, go to their site and sign up for an account, then look for the Free Trial challenge option available on the dashboard. This lets traders test the platform and rules before committing any money. It’s a good way to practice and see if the conditions fit what is needed.

Does Phidias Propfirm offer a swing trading account?

Phidias Propfirm does offer a swing trading account. This account is good for those who want to hold trades overnight or over the weekend, which gives flexibility and fits people who can’t be at the screen all day. The main benefits are less day-to-day pressure and more room for different trading styles. To access the swing trading account, simply pick it during the sign-up or challenge process when choosing the type of account. Look for “swing” or “regular with swing option” in the options, and make sure to double-check the rules to avoid any mix-ups about holding trades overnight.

How does Phidias Propfirm work?

Here’s how the Phidias Propfirm process works, step by step:

First, access the Phidias Propfirm website. The platform is built for traders interested in getting funded by showing their trading skills.

• Step 1: Choose your challenge. Pick an account size and select the phase you want; there are usually two phases: evaluation and verification. The challenge rules like profit target, max daily loss, and lot size limits are all displayed before buying.
• Step 2: Register and purchase the challenge. Fill in basic info like email and payment details. Once paid, you’ll get the trading account credentials by email and on your dashboard.
• Step 3: Start trading on the provided account. In Phase 1, hit the profit target without breaking the max daily or overall loss limits. There’s also a minimum trading days rule you need to tick off.
• Step 4: If you clear Phase 1, you move to Phase 2 (Verification). Here, the targets are generally lower, but all the rules still apply. Meet the profit target and observe risk parameters again.
• Step 5: After passing both phases, your trading gets reviewed. Then, KYC documents are needed for identity verification—things like ID and proof of address.
• Step 6: Once verified, you’re given access to a real funded account. Now you trade for real profits.
• Step 7: Profits from the funded account are shared according to the profit split listed in the rules (usually shown on the website and dashboard).
• Step 8: To get paid, request a payout through your dashboard. They support payout via methods like cryptocurrency and bank transfer. Payouts usually have a waiting period and minimum withdrawal amounts.

Throughout the whole process, there’s constant rule monitoring. Any violations (like overtrading or hitting max loss) end the challenge or funded account. The dashboard always updates status, and support is reached through a ticket system or email for help.

In short: visit the website, pick and buy a challenge, trade following the rules through two phases, send KYC, get funded, trade live, and regularly withdraw profits while sticking to the rulebook. This structure is clearly designed to test discipline and trading skills before handing over real funds .

What are Phidias Propfirm’s rules and objectives?

Here’s what stands out for Phidias Propfirm’s Rules and Objectives:

• Daily Loss Limit: There is a daily loss limit based on the account size. If hit, trading stops until the next day.
• Maximum Drawdown: There’s a maximum drawdown limit that can’t be breached, or the account fails.
• Contracts Limit: There are restrictions on the number of contracts you can trade at once, depending on the account type.
• Consistency Rule: A consistency rule is applied, meaning profits can’t come mainly from a single trade or day; consistent performance is needed.
• Holding Over Weekends: Holding positions over the weekend is allowed, but with limits—check specific details for each product.
• Holding Over Major News Events: Positions during major news events are usually not restricted, but there may be exceptions or precautions advised.
• Hedging: Hedging is allowed, but only within the same account, not across multiple accounts.
• Scaling Plan: There’s a scaling plan for increasing trading size after consistently meeting objectives and following rules.
• Use of Expert Advisors (EAs): Using EAs or automated trading is allowed, but high-frequency trading (HFT) or latency arbitrage strategies are not.
• Trading Style Restrictions: Most trading styles are allowed, as long as they follow the other rules. No high-frequency, tick scalping, or latency exploit strategies.
• Copy Trading: Copy trading or mirroring trades across accounts is not allowed.

The main objectives are to show consistent, responsible trading, stick to risk management, and follow all platform rules to qualify for a funded account and keep it active. Following these keeps the evaluation and funded accounts in good standing.

Here’s a simple table that shows the main trading rules for each Phidias Propfirm plan. Only rules that are mentioned in the knowledge files are included. If a rule isn’t in the files or doesn’t exist for a plan, it’s not in the table.

Plan	Daily Loss Limit	Max Drawdown	Contracts Limit	Consistency Rule	Hold Over Weekends	Hold Over News	Hedging	Scaling Plan	Use of EAs	Trading Style	Copy Trading
Evaluation	Yes	Yes	Yes	Yes	No	No	Yes	No	Yes	No Restriction	No
Express Challenge	Yes	Yes	Yes	No	Yes	Yes	Yes	Yes	Yes	No Restriction	Yes
Masters Challenge	Yes	Yes	Yes	Yes	No	No	Yes	Yes	Yes	No Restriction	No
Phidias Master Trader	Yes	Yes	Yes	Yes	No	No	Yes	No	Yes	No Restriction	No

• “Yes” and “No” indicate if the rule is part of that plan based on the files.
• Plans might have more rules, but only these are listed as requested.

How does Phidias Propfirm’s drawdown work?

Phidias Propfirm’s drawdown works by setting a maximum loss limit. If the account balance, including both open and closed trades, drops below a certain percentage from the initial balance, the account fails. For example, if the max drawdown is set to 10% on a $100,000 account, the account can’t go below $90,000 at any time, whether the losses come from running trades, closed trades, or a mix of both. If the account hits this $90,000 mark because of one big loss or many small ones, the challenge is failed. Drawdown always tracks the lowest point the account touches during the trading period, not just losses from closed trades only .

How does Phidias Propfirm’s consistency rule work?

Phidias Propfirm has a consistency rule that means traders need to keep their trading size and risk pretty steady across their trades. For example, if someone’s biggest lot size in a funded account is 5 lots, then for the next month, trades need to stay close to that size, not suddenly jump to 10 lots. The idea is to avoid random huge increases in risk after passing the challenge. This rule looks at things like lot size and risk per trade in the evaluation period and checks if they match what the trader does later. If a trader used small sizes to pass, then starts going much bigger, that breaks their consistency rule. So, keep the trading style similar after funding as it was during the test phase .

How does Phidias Propfirm’s scaling plan work?

Phidias Propfirm’s scaling plan is simple. If a trader follows the rules and keeps up strong performance, Phidias will increase the trading account size. For example, if someone starts with a $100,000 account and reaches the profit target, Phidias may bump their account up to $200,000. The key points are to keep profits consistent, follow risk rules, and then get rewarded with a bigger account. This lets traders grow their potential earnings without extra cost. Scaling is all about growing for those who prove they can manage risk and make steady profits .

What is Phidias Propfirm’s max contracts?

Phidias Propfirm’s Max Contracts means the most lots or positions that can be opened at the same time on their funded accounts. For example, if the max is 10 contracts, even if the account has more buying power, only 10 lots of, say, the E-mini S&P 500 futures can be traded at once. This rule helps control risk and keeps traders from going overboard on size. Always keep an eye on this contract limit so any trades stay within the allowed risk.

Which trading platforms does Phidias Propfirm use?

Phidias Propfirm uses these trading platforms: MT4, MT5, and cTrader. This gives traders the main options that most prop firms offer, so it covers all the basics for trading, whether someone likes MetaTrader or prefers cTrader.

What brokers does Phidias Propfirm use?

Phidias Propfirm uses ThinkMarkets and BlackBull Markets as their main brokers. These two are the ones mentioned in the files as the brokers that handle most of Phidias Propfirm’s trading activities. Both are known for being regulated and have a track record in the forex and CFDs trading space. No other brokers were listed as options or alternatives in the files or reliable online sources. So, for Phidias, it’s basically ThinkMarkets and BlackBull Markets that get used for funded accounts.

Does Phidias Propfirm allow trade copiers?

Phidias Propfirm does not allow trade copiers. Using trade copier services or tools is not permitted according to their rules. This includes both giving or receiving signals and copying trades from other accounts. Breaking this rule can lead to disqualification or termination of the account. It’s important to manage trades directly without any automation that copies trades from other sources .

Conclusion about Phidias Propfirm

Phidias Propfirm stands out for a pretty high Trustpilot rating and good feedback from most users, which is something the Trading Funder Team noticed during the review. The main strength is definitely their support—fast and helpful, which matters a lot if things go wrong. On the downside, the biggest complaint is about their payout structure and some people not being happy with withdrawal limits or speed. It’s not the worst out there, but worth knowing if fast payouts are a priority. Overall, Phidias seems solid for traders who care about support and reputation, but it’s smart to double-check the payout rules before starting.

Get 80% Lifetime, $40 for resets, & $125 lifetime PA🤩 Use Special Code: TF50