What Phidias Propfirm does

Phidias Propfirm Limited, incorporated in Gibraltar in 2022, is a futures proprietary trading firm that enables individual traders to access company capital by passing evaluation challenges. The firm operates four product lines — Express to Live (the fastest path, with static drawdown and zero minimum trading days), Fundamental (EOD trailing drawdown for intraday traders), Premium (overnight/weekend holds with a progressive 75%→100% profit split), and the 10K Drawdown Challenge (a monthly cash-prize competition) — across account sizes from $25K to $150K, with optional upgrades to ELITE and MASTER LIVE tiers that add $25K–$50K of risk capital.

The firm's technical architecture combines proprietary drawdown-rule logic with institutional execution infrastructure: LIVE trades clear through Dorman Trading (a registered FCM), evaluation and funded phases run on Rithmic and Tradovate with native TradingView charting, and supporting tools include NinjaTrader, DeepCharts for orderflow, the Phidias Wallet for payout management, and Phidias Points as an internal currency. The system processes payouts with reported 90% handled in under 30 minutes and a stated 100% approval rate over three years of operation.

Revenue is generated through a combination of one-time and monthly-subscription evaluation fees ($55–$189 entry tier range), activation fees upon passing evaluation ($83–$169), an average ~20% profit share on trader earnings (declining to 0% on Premium accounts after the fifth payout), optional market-depth data subscriptions (€11–€33/month), and an affiliate program that pays 15% commissions to referrers. The firm serves 50,000+ cumulative funded traders across 100+ countries, primarily retail/individual futures traders, acquired via product-led self-serve checkout, an SEO-driven educational blog, an active Discord community, and affiliate partnerships.

Name

Phidias Propfirm

Legal name

Phidias Propfirm Limited

Website

https://phidiaspropfirm.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Gibraltar-based futures proprietary trading firm, founded in 2022, offering evaluation-to-funded account programs (Express to Live, Fundamental, Premium) to 50,000+ retail traders across 100+ countries, with LIVE execution via Dorman Trading and revenue from evaluation fees, activation fees, and profit share.

Ownership category

akta.pro rank

Product category

Proprietary Futures Trading

NAICS

Commodity Contracts Intermediation (52316)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Derivatives & Futures Brokerage (FSAEACAL)

akta.pro secondary industry

Equity Index & Futures Derivatives (FSACADAF)

Keywords

• Funded trading accounts
• Futures prop firm
• Proprietary trading
• Evaluation accounts
• Trader funding

Headquarters

HQ city

Gibraltar

HQ country

Gibraltar

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Marketing or Sales, Personnel, Infrastructure, Others

Revenue model

1. Evaluation Fees: One-time payment or monthly subscription for evaluation accounts. Prices range from $55 for 25K Express to Live to higher tiers. Includes access to data feeds and platform tools during evaluation.
2. Monthly Subscriptions: Recurring monthly fees for evaluation access. Lower upfront cost but ongoing billing until account passes or trader cancels.
3. Activation Fees: One-time activation fee charged when passing evaluation to activate funded CASH account. Fees range from $83 (E2L 25K) to $169 (E2L 150K) for monthly plans. Waived with one-time payment.
4. Profit Share (House Edge): Company retains 20% of profits on Express to Live and Fundamental accounts (80% to trader). Premium accounts reduce company share progressively: 25% on P1, 20% on P2, 15% on P3, 10% on P4, 0% from P5 onwards.
5. Market Depth Add-ons: Optional market depth data packages: €11/month per exchange (COME, NYMEX, CBOT, CME), €33/month for all 4 exchanges. EUREX (Level 1 + Level 2) available for €22/€25.
6. Affiliate Commissions: 15% commission on every sale made with affiliate coupon code. No cap on earnings. Top affiliates earn $10K+/month.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Phidias Propfirm sells futures proprietary trading evaluations that retail traders purchase, pass, and convert into funded trading accounts. Traders pay evaluation fees ($55–$189), trade company capital under static or EOD drawdown rules, and earn profit splits of up to 100%. The firm provides institutional execution infrastructure via Dorman Trading FCM, Rithmic, and Tradovate, with the core differentiator being objective, non-trailing drawdown rules and 48-hour signup-to-payout cycle.

Product overview

Phidias Propfirm is a futures proprietary trading firm offering multiple evaluation account types—Express to Live (E2L), Fundamental, and Premium—that traders pass to earn funded (CASH) accounts, with the ultimate goal of transitioning to real-capital LIVE accounts through Dorman Trading. The product portfolio centers on these four account tiers (E2L, Fundamental, Premium, plus a 10K Challenge competition), all accessible via Rithmic, Tradovate, NinjaTrader, DeepCharts, or TradingView. The Express to Live product is the fastest path to LIVE capital with zero trading-day minimums and automatic conversion on first payout. Fundamental targets intraday traders with EOD trailing drawdown. Premium offers overnight/weekend holds, a progressive 75%–100% profit split over 5 payouts, and a Cash Account Reset safety net. The 10K Challenge is a monthly competition with $24K in prizes. Supporting infrastructure includes the Phidias Wallet for payout management, Phidias Points as an internal currency, and a suite of free educational resources (Trader Starter Pack, glossaries, and courses on Volume Profile, Market Profile, and Footprint analysis).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 90% of payouts processed under 30 minutes
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• Dorman TradingcoreTechnology or IntegrationRegistered FCM (Futures Commission Merchant) that clears all LIVE trades. LIVE traders execute real capital through Dorman Trading. This is the firm's proprietary execution infrastructure for real-money trading accounts.
• RithmiccoreTechnology or IntegrationInstitutional-grade data feeds and direct market access execution. Provides ultra-low latency execution for scalpers and algo traders. Primary execution venue alongside Tradovate.
• TradovatecoreTechnology or IntegrationCloud-based futures trading platform with native TradingView integration. Enables chart-based order execution directly on funded accounts. Built-in trade copier, mobile apps, and multi-device sync. Owned by NinjaTrader Group.
• NinjaTradersupportingTechnology or IntegrationTrading platform available for use with Phidias accounts. Integrates with Tradovate's built-in data feed. Professional-grade charting and execution capabilities.
• DeepChartssupportingTechnology or IntegrationAdvanced orderflow tools available on web, desktop, and mobile. Provides data-driven traders with advanced visualization capabilities for analyzing buyer/seller interactions.
• Rise (Riseworks.io)coreTechnology or IntegrationPayment processor for withdrawals and payouts. Traders receive funds via Rise bank transfers. Phidias Wallet enables instant payout requests processed to Rise accounts.
• TradingViewsupportingTechnology or IntegrationCharting platform with native integration via Tradovate broker. Traders can chart on TradingView and execute directly on Phidias funded accounts without third-party bridges.
• CME GroupsupportingTechnology or IntegrationExchange infrastructure for futures trading. Phidias provides free top-of-book CME data during evaluation. LIVE accounts execute through CME clearing via Dorman Trading.
• ConfirmosupportingTechnology or IntegrationCryptocurrency payment processor enabling account purchases via crypto. Allows payment through Trust Wallet and ETH on Arbitrum for evaluation accounts.

Scale indicators10 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• FundedNext: FundedNext is a prop trading firm offering evaluation-funded accounts across futures and forex. Directly competes with Phidias on the same evaluation-to-funded model, profit split economics, and trader acquisition channels.
• Topstep: Topstep is a well-established futures prop firm offering evaluation-to-funded accounts primarily on CME futures. Directly competes with Phidias across Express/Fundamental/Premium-style tiers and is widely viewed as the category leader Phidias positions against.
• Apex Trader Funding: Apex Trader Funding is one of the largest US-based futures prop trading firms, offering evaluation accounts that traders pass to receive funded accounts on CME/NYMEX/CBOT exchanges. Directly competes with Phidias on account size, profit split, and payout speed.
• FTMO: FTMO is one of the largest prop trading firms globally, focused on forex/CFD evaluation programs. While forex-focused, FTMO operates the same evaluation-to-funded model with similar profit split mechanics and serves as a benchmark Phidias' traders frequently compare against.
• Funded Trading Plus: Funded Trading Plus offers evaluation-to-funded prop trading programs for futures and forex traders. Directly competes with Phidias on account tier structure, profit splits, and instant funding options.
• MyFundedFX: MyFundedFX is a futures and forex prop trading firm offering evaluation-to-funded accounts. Directly competes with Phidias on similar evaluation mechanics and trader acquisition through affiliate channels.
• E8 Funding: E8 Funding is a prop trading firm offering evaluation programs with funded accounts across multiple asset classes including futures. Directly competes with Phidias on trader-friendly rules and fast payout processing.
• The Trading Pit: The Trading Pit is a prop trading firm offering funded accounts across futures, forex, and CFDs through evaluations. Directly competes with Phidias on multi-product funded account offerings and profit split structures.
• Earn2Trade: Earn2Trade offers futures prop trading evaluation programs (Guardian and Warrior challenges) on CME-grouped products. Directly competes with Phidias for futures prop trader acquisition with similar evaluation mechanics.

Broad incumbents

• Dorman Trading: Dorman Trading is a registered Futures Commission Merchant (FCM) that clears Phidias' LIVE trades. Although a partner rather than direct competitor, Dorman is comparable as an institutional futures clearing/intermediation provider in the same value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@PhidiasPropfirm/live
• Xx.com/PhidiasPropfirm

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phidias Propfirm