Review · Futures
Phidias for traders in Europe
A Gibraltar futures prop whose live accounts clear through a US futures broker.
- From
- $88
- $25K Express to Live (E2L)
- With code
- No code yet
- list prices only
- Profit split
- fixed bonus payout on 'Switch to Live', then a LIVE account at 80/20
- Time limit
- —
- Billing
- Monthly
- +$83 activation
- Since
- —
- Gibraltar
Can you buy it from Europe?
Yes, except in Bulgaria, Croatia, Malta, Romania, Slovenia.
“The Services are only intended for persons residing in certain countries. For greater clarity, the Company has established a list (see Annex No. 1), subject to modification, of countries in which the Services are unavailable.” — their own words
“ANNEX No. 1: List of countries in which Services are unavailable” — their own words
“Bulgaria” — their own words
“Croatia” — their own words
“Malta” — their own words
“Romania” — their own words
“Slovenia and Yugoslavia” — their own words
“If you are an individual residing in the European Union, VAT will be automatically added at the rate in force in your country of residence.” — their own words
- Evidence:
- Firm's own terms / restricted-country list
- Read on:
- 5 Oct 2026
- European countries excluded:
- Bulgaria, Croatia, Malta, Romania, Slovenia
Plans & prices
What it costs
Prices in USD, read on the firm's own site on 2 Oct 2026. No discount code yet: these are list prices.
| Program | $25K | $50K | $100K | $150K |
|---|---|---|---|---|
| Express to Live (E2L)1-step · per month · +$83 activation | $88 | $278 | $318 | $398 |
| Fundamental1-step · one-time · no activation fee | — | $580 | $723 | $863 |
| Premium1-step · one-time · no activation fee | — | $723 | $900 | $1,123 |
- Express to Live (E2L): Billing: two options: 'Evaluation' (eval fee + activation fee on pass; the ToU describe the evaluation as a monthly subscription recurring until passed or cancelled) or 'One-time payment' (no activation fee)
- Fundamental: Billing: one-time (only one-time pricing was displayed)
Rules
What you have to do to get paid
| Express to Live (E2L)1-step | Fundamental1-step | Premium1-step | |
|---|---|---|---|
| Profit target | $1,500 (25K) / $2,500 (50K) / $3,500 (100K) / $4,500 (150K) | $4,000 (50K) / $6,000 (100K) / $9,000 (150K) | $4,000 / $6,000 / $9,000 |
| Daily loss limit | None | None | None |
| Max drawdown | $500 (25K) / $650 (50K) / $800 (100K) / $1,000 (150K), static | $2,500 / $3,000 / $4,500 EOD trailing | $2,500 / $3,000 / $4,500 EOD |
| Drawdown type | Static (never trails) | Trailing (end of day); on funded stops at start + $100 | Trailing (end of day); on funded stops at start + $100 |
| Min. trading days | None | 3 (evaluation), 10 (funded) | 1 (evaluation) |
| Time limit | — | — | — |
| Consistency rule | None | 30% on the CASH (funded) account | None in eval; best day max 30% of total profit on funded |
| Payout cap | — | — | — |
| Profit split | fixed bonus payout on 'Switch to Live', then a LIVE account at 80/20 | 80/20 | progressive 75% -> 80% -> 85% -> 90% -> 100% from the 5th payout |
| Payout cycle | first payout converts to LIVE; LIVE = daily uncapped payouts | every 10 trading days, $500 min, cap $2,000 (50K) to $2,750 (150K) per period | every 5 trading days |
Read before you buy
The fine print, in plain English
Taken from their own pages. These are the rules most likely to cost you money.
Activation fee unless you choose one-time payment
On the cheaper 'Evaluation' pricing you pay an activation fee of $83–$169 when you pass, and the ToU say the monthly subscription keeps recurring until the account is validated or cancelled. The 'one-time payment' option has no activation fee.
Payout thresholds and caps on CASH accounts
Fundamental/Premium need a minimum balance above start (e.g. 50K needs $52,600) and cap each period (e.g. $2,000 on 50K). A trading day only counts with $150–$250 positive PnL.
30% consistency rule on funded CASH accounts
No single day's profit may exceed 30% of total profit on Fundamental/Premium CASH accounts (E2L is exempt).
LIVE promotion is discretionary; household limit
For Fundamental/Premium, going LIVE after 5 payouts or $100K is at the risk team's sole discretion. One household, company or internet connection is capped at 15 funded accounts in total.
Help keep this page right
Traders often spot changes before anyone else. Everything you send is checked before we publish it.
Codes that circulate online but fail at checkout are on our codes that don’t work page.
Sources
- Homepage + configurator ↗read 1 Oct 2026
- Rules (incl. Country Restrictions, Withdrawal Rules) ↗read 1 Oct 2026
- Terms of Usage ↗read 1 Oct 2026
- Help Center FAQ ↗read 1 Oct 2026
- Phidias - Tradovate, NinjaTrader & TradingView at Phidias ↗read 2 Oct 2026
- Phidias homepage (Rithmic, Tradovate, DeepCharts) ↗read 2 Oct 2026
Sold by Phidias Propfirm LTD (Gibraltar). This is a paid evaluation on a simulated account, not a regulated product. “Available in Europe” means the firm’s own terms don’t exclude your country. It does not mean a European regulator oversees it. Rules and prices change, so check the firm’s current terms before you buy. Found something out of date? Tell us and we’ll re-check it.